Ethereum Price Bounce Looks Fragile, Another Selloff May Be Brewing
Ethereum price started a recovery wave above the $2,100 zone. ETH is now consolidating and might struggle to continue higher above the $2,150 resistance. Ethereum started a recovery wave from the $2,075 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 zone. Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,050 support zone, like Bitcoin. ETH price formed a....
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Ethereum Price Key Highlights. Ethereum price is gradually trending higher but there are still some signs of consolidation, creating a rising wedge pattern on its 1-hour time frame. Price is currently hovering near the wedge support, as buyers and sellers try to decide whether a bounce or a break is in order. Ethereum price is still picking a direction, with a slight bias to the upside, as bitcoin price is also under a bit of selling pressure. Potential Resistance at 0.00300? A bounce off the wedge support around 0.00260 could lead to a move up to the top of the pattern just past the....
Ethereum (ETH) is trading at a crucial juncture after reclaiming the $3,450 level, showing early signs of stabilization following weeks of volatility. While bulls are slowly regaining ground, upward momentum remains fragile as traders await confirmation of a sustained breakout. The recent bounce has sparked renewed optimism, but Ethereum still faces significant resistance around the […]
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