Tag Archives: ETH Analysis

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Since June, Ethereum has formed a large ascending triangle. However, yesterday, the price fell under this formation and closed the week with a 2% loss. This puts ETH in a difficult position as it signals this correction may just be starting. There is good support at $1,440 and ETH may test this level before any sustained recover can be had. So far, the price action remains...

After facing rejection for several weeks and experiencing a series of bearish developments, the price of Ethereum reached a critical point near a pivotal support area. This includes the 61.8% Fibonacci retracement level. Fortunately, the price returned from this crucial zone, providing hope amidst the prevailing bearish sentiment. This rebound also indicates the possibility of a temporary consolidation phase. By Shayan Ethereum’s price has been in a prolonged downtrend,...

Ethereum’s price has been making lower highs and lows recently, following a decisive reversal from the key $2,000 area. Considering the current market structure, more downside can be expected. Technical Analysis By Edris The Daily Chart On the daily chart, the price has recently broken below the $1,650 support. However, this level is currently being retested. A further bearish continuation is likely if the price fails to climb above the broken level soon. The recent bearish...

Ethereum’s price has taken a notably bearish turn, breaching several critical support levels and tilting on the verge of a concerning death cross. Despite these developments, there is a glimmer of hope as the price approaches a substantial support zone, hinting at the possibility of a temporary consolidation phase. By Shayan Ethereum’s price has recently experienced a significant downtrend, leading to a breach of multiple support levels, including the crucial 100 and...

Ethereum’s recent market performance has seen an unexpected and sharp rejection from the $1.8K resistance level, triggering a significant downward trend that broke down both the pivotal 100-day and 200-day moving averages. This development is a clear, bearish signal for Ethereum’s mid-term prospects. Technical Analysis By Shayan The Daily Chart Following a notable drop from the critical $1.8K resistance zone, Ethereum’s price dipped below the critical 100-day and 200-day...

After a prolonged period of tranquil price activity near the critical level of $1.8K, there has been a significant and rapid downturn at ETH following a notable rejection. This sudden cascade has caused the price to drop below the 100-day and 200-day moving averages (MAs), indicating a bearish signal for the ETH market. Technical Analysis By Shayan The Daily Chart Looking at the daily chart, a prolonged phase of quiet price action near the $1.8K resistance level led to a...

Ethereum’s price has gradually declined over the past few weeks after being rejected from the psychological resistance level of $2,000 once more. However, there is a considerable chance to initiate a new bullish leg in the short term. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has recently demonstrated bearish price action. The 50-day moving average, located around the $1,900 mark, was broken to the downside after holding the mark for a...

The price of Ethereum has been held by the 100-day moving average, which has prevented further decline for several months. However, despite multiple attempts, the cryptocurrency has been unable to surpass the crucial resistance level at $2K, indicating a lack of demand. By Shayan The Daily Chart On the daily chart, the price faced rejection after the third attempt to break through the $2K resistance region within the last month. This rejection coincided with a decline in...

Ethereum’s price has once again failed to break above the psychological resistance level of $2,000. While the PA has been bearish over the past few days, there is hope that the market might rebound soon. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has been dropping since getting rejected around the key $2,000 level. The 50-day moving average is providing support near $1,850 at the moment. However, if it breaks down, the 200-day moving...

Ethereum buyers have been struggling to push the price above the significant resistance region of $2K. Nevertheless, the price is currently navigating a crucial range bounded by that level and the dynamic support provided by the 100-day moving average. Technical Analysis By Shayan The Daily Chart On June 21st, Ethereum managed to surpass the 100-day moving average and continued its prevailing uptrend after a pullback, eventually reaching the critical resistance area at $2K....