Ethereum nosedived below the $202 support zone against the US Dollar. ETH price revisited the $192 support and it seems like there is a key double bottom pattern forming near $192.
Ethereum declined more than 5% and it tested the main $192 support zone.
It seems like there is a double pattern forming near the $191-$192 zone.
There is a key bearish trend line forming with resistance near $202 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could either fail near $202 or start a major upward move towards the $210 level.
Ethereum Price Could Recover Sharply
The past few sessions saw a sharp rise in selling on Ethereum and bitcoin against the US Dollar. BTC price dropped below the $9,250 support level and ETH price nosedived below the $200 handle to move into a bearish zone.
The recent decline was such that ether even broke the $195 level and settled below the 100 hourly simple moving average. However, the main $191-$192 support zone acted as a strong buy zone.
A low is formed near the $191 level and the price is currently rising. It seems like there is a double pattern forming near the $191-$192 zone. The price is now trading above the 23.6% Fib retracement level of the recent drop from the $215 swing high to $192 swing low.
On the upside, there is a key hurdle forming near $202 and $204. There is also a key bearish trend line forming with resistance near $202 on the hourly chart of ETH/USD.
Ethereum Price
The trend line is close to the 50% Fib retracement level of the recent drop from the $215 swing high to $192 swing low. A successful break above the trend line and the $204 level is needed to confirm a double bottom pattern.
In the mentioned bullish case, there are high chances of a sustained upward move towards the $210 and $212 levels in the coming sessions.
Another Failure?
If Ethereum fails to clear the $202 and $204 resistance levels, there could be another decline. An initial support on the downside is seen near the $195 level.
The main supports are near the $192 and $191 levels. If the bulls fail to protect $191, the price is likely to decline sharply towards $182 and $180.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now recovering nicely towards the 50 level.
Major Support Level – $192
Major Resistance Level – $204
Take advantage of the trading opportunities with Plus500
Risk disclaimer: 76.4% of retail CFD accounts lose money. origin »
Ethereum is holding firmly above the $1,793 support as the highly anticipated Pectra upgrade approaches on May 7. After weeks of sideways trading, the $1,793 support has become a critical zone, and its ability to hold could dictate Ethereum’s (ETH)…
Ethereum has responded to a critical daily support level with a strong bounce, offering a glimmer of hope for bulls. However, price action remains within a larger range, and the path to recovery depends on structural confirmation and volume support.…
Ethereum faces bearish pressure as liquidations and ETF outflows surge, key support at $2,000 becomes crucial.
ETH needs to break above $2,250 to regain bullish momentum, while a drop belowThe post Ethereum must hold $2,000 support or risk dropping to $1,850 - Here's why appeared first on AMBCrypto.
The Ethereum (ETH) price can fall sharply if it breaks down from the current minor horizontal support area.
The post Ethereum (ETH) Faces Crucial Test to Hold $2,200 Support Level appeared first on BeInCrypto.
The price of Ethereum is currently on a downtrend and is approaching a significant support level. In the past 24 hours, there has been little movement on the chart, while on the weekly chart, ETH has experienced a depreciation of over 3%.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
The 4-hour structure and lack of demand shThe post Ethereum [ETH] showed chances of a bounce from this support appeared first on AMBCrypto.
Phantom, a non-custodial crypto wallet for the Solana ecosystem, is expanding its support to Polygon (MATIC/USD) and Ethereum (ETH/USD). The integration will offer support across browsers, iOS and Android.
Following last week’s dips below the $20k and $1,500 areas, Bitcoin and Ethereum experienced more bearish momentum over the weekend. The good news is that crypto markets have recovered to their levels from last week as of this Monday, thanks to new support for BTC and ETH.
Ethereum remained well bid above the $1,720 support against the US Dollar. ETH recovered losses, but it is still facing hurdles near the $1,850 zone. Ethereum remained well bid above the $1,720 support zone.
Ethereum price has shattered one-half of a significant support confluence, suggesting that the bears are taking control. However, the said foothold still holds true and hence, the chances of reversal The post Can Ethereum bulls defend the last support and mount a rally to $3,500 appeared first on AMBCrypto.
Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive. Ethereum started a sharp decline below the $3,000 support level.
Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term. Ethereum extended decline below the $3,050 and $3,000 support levels.
Ethereum extended decline below the $3,300 support zone against the US Dollar. ETH price could recover from $3,120, but it might face hurdles near $3,250. Ethereum extended decline below the $3,300 and $3,250 support levels.
Ethereum traded within a descending channel and broke out as it found support at $2,370. The price target for this break out was met at $2,447 after which it turned around and the sellers booked profiThe post Will Ethereum hold on to this level of support? appeared first on AMBCrypto.
Ethereum blockchain native’s token ETH expects to reach $750 in the fourth quarter as it holds above a crucial technical support level. On Monday, the ETH/USD exchange rate attempted to breach a short-term ascending trendline for the tenth time since November 26.
After an intense rally witnessed in the cryptocurrency market, the trends have reversed. Bitcoin along with altcoins has been moving down the price scale, but this has not stopped the upcoming developThe post Ethereum Classic hard fork receives Binance's support appeared first on AMBCrypto.
The Ethereum (ETH) price has struggled to retrace significantly since it dropped sharply at the beginning of September. The price is currently trading inside a significant support area, the loss of which would go a long way in confirming a bearish trend.
Ethereum’s value against bitcoin has fallen by 22% since last month, with it breaching that support level of 0.03 this Tuesday. One eth is now worth 0.029, significantly below the...
Ethereum nosedived and broke the $400 support zone against the US Dollar. ETH price could correct higher, but the previous support near $400 is likely to act as a major hurdle. Ethereum is down over 10% and it broke the $420 and $400 support levels.
Ethereum started a sharp decline after it failed to stay above the $450 support against the US Dollar. ETH price is likely to bounce back as long as it is above the $406 support zone. Ethereum is down over 10% and it broke the $460 and $450 support levels. The price even traded close to […]
Ethereum is down 5% again today and it broke the $130 support area against the US Dollar. The price is now trading near key support levels such as $120 and $122. There is a short term bearish trend line forming with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum is holding the main $144 support, but also struggling to rise against the US Dollar. The price is now trading below the previous support (now resistance) near $148. There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum and the aggregated crypto market has been closely tracking Bitcoin’s price action over the past week, which has resulted in a choppy trading session for ETH that has ultimately led it to drop back towards $185 – which remains a critical support level for the cryptocurrency.
A look at the weekly logarithmic chart for Ethereum shows that price broke the longstanding support at $170 and is now heading lower, trying to create a bottom. Price has fallen below the 0. 88 fib level, and the next visible support area is formed by the 2017 trading range, between $12 and $19.
The Ripple company has gone beyond technology to launch Ripple for Good which is a corporate social impact program that will support mission driven organizations that are focused on education and increasing global financial inclusion primarily to the unbanked.
On September 27, 2018, Status announced the launch of a suite of developer tools to enrich the Ethereum experience. Embark 3. 2, created by Iuri Matias, will provide Ethereum Name Service (ENS) support, updated Vyper support, a Swarm compatible Javascript Library, and an improved build pipeline among other features.
Litecoin price recovered recently from the $54. 30 support against the US Dollar. LTC/USD seems to be struggling to hold gains above the $60. 00 resistance. Key Talking Points Litecoin price is trading positively above the $55.
ETH/USD Medium-term Trend: Ranging Resistance Levels: $260, $280, $300 Support Levels: $200, $180, $160 Yesterday, September 26, the ETHUSD pair was in a bullish trend. Price of the digital currency had been fluctuating above the $200 price level.
Key Highlights ETH price is slowly recovering, but there are many hurdles on the upside near $224-225 against the US Dollar. There is a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price is positioned in a bullish zone above the $0. 4600 support against the US Dollar. XRP/USD could continue to move higher towards the $0. 5950 resistance. Key Talking Points Ripple price rallied recently and settled above the $0.
In a move to expand its asset offerings, Coinbase has created a new process by which anyone with a token can apply to have it listed on the platform. This news comes weeks after Coinbase said it was exploring the addition of several new assets including Stellar Lumens (XLM), Zcash (ZEC) and Cardano (ADA).
Infinito Wallet announces that as of version update 1. 15. 0, the wallet now supports users to securely send, receive, and check transaction history of ADA! With this inclusion, Infinito Wallet has achieved yet another incredible milestone: the first mobile wallet to support ADA.
Key Highlights ETH price traded further lower and tested the next support at $204 against the US Dollar. There are two bearish trend lines in place with resistance at $220 and $234 on the hourly chart of ETH/USD (data feed via Kraken).
NEO is a China-based blockchain ecosystem which aims to rival Ethereum through smart contracts, dApps, and token issuance systems. The project has garnered a lot of support globally, it also has the backing of the Chinese government which is a key factor to NEO’s success.
Cardano confirmed a bullish reversal pattern and is now pulling back to the neckline to gather more momentum.
The post Cardano (ADA) Price Analysis: Resistance Turned Support at Double Bottom Neckline appeared first on Ethereum World News.
Bitcoin is finding support at its ascending channel on the 1-hour chart and may be looking at the Fib extension levels next.
The post Bitcoin (BTC) Price Analysis: Next Bullish Targets appeared first on Ethereum World News.
Litecoin price started a downside correction and declined below $58. 00 against the US Dollar. LTC/USD could continue to move down towards the $54. 00 and $52. 00 levels. Key Talking Points Litecoin price is currently under pressure as it broke the $58.
Key Highlights ETH price is under a downside correction since it broke the $245 support against the US Dollar. Yesterday’s discussed contracting triangle with support near $242 was breached on the hourly chart of ETH/USD (data feed via Kraken).
The Ripple price is down almost 20%, trading at $0. 47 at the time of writing. XRP was getting close to passing Ethereum by market cap, but unfortunately support couldn’t hold. Ripple isn’t the only cryptocurrency experiencing double digit losses in the past 24 hours.
Bitcoin is trading inside an ascending channel on its 1-hour chart and has dropped down to support.
The post Bitcoin (BTC) Price Analysis: Short-Term Channel Intact So Far appeared first on Ethereum World News.
Ethereum appears to be finding support at the bottom of the ascending channel on the 1-hour chart and could be due for a move to the top.
The post Ethereum (ETH) Price Analysis: Potential Upside Targets appeared first on Ethereum World News.
Ethereum (ETH) is about to make or break the altcoin rally. The above chart for ETH/USD tells the whole story and leaves little room for interpretation. The price is currently resting atop the 21 Day EMA.
In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.
Key Highlights ETH price is placed nicely above the $240 support area with positive signs against the US Dollar. There is a new contracting triangle forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken).
Mr. Tom Emmer, US Congressman for Minnesota’s 6th District announced his intention to promote and protect the implementation of these technologies by elaborating several revolutionary legal instruments.
Key Highlights ETH price is trading with a positive bias above the $220 level against the US Dollar. There is a major bullish trend line formed with support at $224 on the 4-hours chart of ETH/USD (data feed via Kraken).
The Ethereum price has slipped deeper into a bearish structure that has intensified over the past week. A combination of weakening momentum, strong ETF outflows, and selling from long-term holders has dragged the price of Ethereum lower at a pace that has led to concerns about whether the cryptocurrency is preparing for a deeper correction.
Ethereum is trading at a critical juncture after briefly losing the $3,200 level, with bulls struggling to defend it amid rising selling pressure. The broader crypto market remains on edge, as fear and uncertainty continue to weigh on sentiment following days of steady declines across major assets.
Ethereum is showing signs of weakness as it struggles to reclaim higher price levels amid sustained selling pressure and broader market uncertainty. After several failed attempts to break above key resistance near $3,600, the asset remains range-bound, reflecting the cautious sentiment across the crypto market.
The Ethereum (ETH) blockchain is poised for one of its most significant upgrades yet, the Fusaka Upgrade, set to take place on December 3. This enhancement aims to tackle one of the network’s most pressing challenges: scalability.
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.
Ethereum price failed to recover further above $3,650. ETH is trimming gains and might decline further if it dips below the $3,360 support. Ethereum started a fresh decline after it failed to stay above $3,620.
