Ethereum’s Next Big Move: This Key Price Level Could Unlock A Strong Upward Move

Ethereum’s price continues its downward correction. It is smoothly approaching a decisive resistance line. When is the current downward movement most likely to end? Ethereum’s price has rebounded from the key level of $12.8. As we have assumed a day earlier, that mark has become a good point for traders to make their decisions. So the downward correction continues. Ethereum’s price is approaching the level of $11.5, which could become a support line for the upward trend: it’s the minimal target for a rebound toward the upward trend, which has started at $7. That’s why that mark is a likely....

Ethereum’s price is approaching an important resistance line. There is a good probability of an upward rebound from that level. Alternatively, a turn to decline could form there. Will the upward movement continue? The main direction is up. As there was no turn on a medium-term scale, the odds are on the side of an upward trend. For a turn to decline, Ethereum’s price has to break through the level of $13.4. The key level that we found yesterday is updated, and is now at $13.4. That is the intersection point for a diagonal channel, Fibonacci level 76 and the limit of a short-term flat. A....

Ethereum’s price is fortifying at a long-term level. If this keeps up, the turn to growth will become more likely than ever. When will the short-term upward trend renew? Ethereum’s fortification at a long-term resistance line has indicated that the bulls are holding the advantage. The downward trend is broken and for the upward trend’s renewal to become very likely, a turnabout structure has to form. A fortification at the level of $10 will be the first signal of the flat ending. Thus, if a turn happens at $10, the odds will lie with the upward trend. For the upward trend to continue,....

Altcoin prices have stopped at their respective key levels, after moving along upward trends. Such stops could provoke prolonged downward corrections. ETH/USD. Ethereum has continued its upward trend. A turn at a key level of $9.7 did not happen. Thus, Ethereum’s price has formed a powerful upward momentum, reaching the maximum of March. At this point, a flat is forming. For a deeper correction to continue, Ethereum’s price has to exit that flat. The market will decide on the direction of the next wave at the level of $12.9. Either the whole downward movement is a correction toward the....

XRP price started a major increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.60 zone. XRP price started a steady upward move above the $1.50 zone. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.5220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.580. XRP Price Extends Its Surge XRP price started a major upward move above $1.450 and $1.480, like Bitcoin and Ethereum. The....