Ethereum Price Slides Back To $2,250, Traders Watch Crucial Support
Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,280 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,320 zone. Ethereum Price Faces Resistance Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin.....
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Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern. It is still in a decent spot on a weekly time frame though may face an intra-day pullback, the chart suggests. “$ETH $ETHUSD #Ethereum – […]
BTC price slides back below its 200-week moving average as analysts stress the importance of staying above $22,800 for bullish momentum to continue. The mood across the cryptocurrency ecosystem is noticeably brighter on July 22 after a week of gains helped traders put the events of the past two months behind them and look toward a positive future. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has been oscillating around support at $23,000 over the past couple of days and continues to hold slightly above its 200-week moving average (MA), which has....
Ethereum (ETH) continues to trade in a tight consolidation range, keeping traders and investors on high alert for a potential breakout. The price has struggled to establish a clear trend, with bulls attempting to push higher while bears hold firm at key resistance levels. This prolonged phase of sideways movement suggests that ETH is gearing up for its next big move—but the direction remains uncertain. Periods of consolidation often act as a springboard for significant price swings, making it crucial to watch the key support and resistance zones closely. A breakout above resistance could....