Ethereum Price Climbs Gradually, Can Bulls Break $2,400 Barrier?
Ethereum price started a fresh increase and remained stable above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,365 zone. The price is trading above $2,370 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,330 zone. Ethereum Price Aims for Fresh High Above $2,420 Ethereum price managed to stay above the $2,320 support and started....
Related News
Ethereum price may gain further in the short term. ETH bulls have to break the 100 SMA resistance area for a move towards $10.50. Ethereum price ETH gained traction recently against the US Dollar and managed to climb above a major resistance area of $8.50. During the upside move, ETH/USD also broke a bearish trend line on the 4-hours chart (data feed via Kraken) to set the pace for more gains. However, the upside was stalled near the 100 simple moving average (H4 chart), which is currently acting as a barrier and preventing gains. If the price has to gain more strength, then ETH bulls have....
Ethereum is beginning to mirror Bitcoin’s bullish momentum, steadily climbing as market confidence strengthens. After weeks of consolidation, price action is now pressing against a key resistance zone, signaling that a breakout could be near. With momentum building and structure turning increasingly bullish, a move is now coming into focus. Breakout Brewing: Why ETH’s Structure Signals Imminent Upside Michaël van de Poppe, in a recent market update, suggested that ETH is gearing up to follow Bitcoin’s upward path. The analyst, who has outlined his levels in Euros, highlighted a steady and....
Ethereum price is currently trading below a major resistance trend line. Can ETH/USD bulls break it and take the price higher. Ethereum price mostly traded in a range of $-10-12 this past week, as there was no major news event. However, the best thing, which may favor the bulls is the fact that the price closed the week above the 100 simple moving average (4-hours). There was a dip this past week towards $10.00, but bears failed to gain momentum and break the stated level. On the upside, the price struggled on a couple of occasions around the $12.00 level, as there is a bearish trend line....
Ethereum price continued to remain under a bearish pressure, and if it increases, ETH could weaken further in the near term. Key Highlights. Ethereum price remained under a bearish pressure against the US dollar, and may face sellers in the short term. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier for the pair and pushed it down. The price is currently above the $10.20 support area, but a break below could ignite more downsides. Ethereum Price Barrier. Ethereum price ETH struggle continues against the US Dollar,....
Ethereum price successfully completed another wave higher. However, the price is struggling to clear $11.80. Can ETH/USD break it or will the price move down? Yesterday, I highlighted that a short term buying dips idea may work well. Ethereum price did move down a few points to provide an opportunity to enter a long, and then ETH moved back higher. However, the bulls failed to break the last high near $11.80, as it acted as a major barrier and prevented any further gains. Currently, the price is attempting to break a bullish trend line formed on the hourly chart (data feed via Kraken) of....