Tag Archives: ETH Analysis

Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable. Technical Analysis By Shayan The Daily Chart ETH recently found support at the critical $2.5K level and has since jumped toward the $3K region, revisiting the previously broken trendline of the descending wedge. However, this upward movement appears...

Ethereum has once again failed to reclaim the critical $4K resistance level, leading to a notable decline in price. However, the cryptocurrency has now reached a significant support zone, where a rebound followed by consolidation is anticipated. By Shayan The Daily Chart Ethereum’s $4K price region has proven to be a critical resistance zone over the past year, consistently halting bullish advances due to strong selling pressure. Most recently, the price faced another...

Ethereum has been oscillating within the critical $3.5K–$4K range, with its price recently finding support near the lower boundary at $3.5K. Following this rebound, the bulls are attempting a renewed push toward the $4K resistance level. Technical Analysis By Shayan The Daily Chart The upward momentum in Ethereum’s price met a pause at the $4K resistance, which has proven to be a key selling zone. This rejection led to a decline toward the lower boundary of the range at...

Ethereum has been exhibiting strong upward momentum, with a recent surge pushing the price toward the crucial $4K resistance region. As it approaches this major resistance, there is potential for further gains, although short-term corrective consolidations are likely due to the overbought conditions. Technical Analysis By Shayan The Daily Chart After successfully reclaiming the $3.5K resistance level, Ethereum has continued its bullish trend, reaching the significant $4K...

Following former president Trump’s 2024 election victory, the cryptocurrency market has experienced a surge in optimism and buying interest. Ethereum was no exception, with its price spiking by 10% at one point, reaching the critical resistance level of $2.5K. A sustained break above this threshold could further fuel bullish momentum. Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum saw heightened buying activity near the $2.3K support, which...

Ethereum has reached a decisional point at the head and shoulders neckline and the 100-day crucial moving average. A potential breakout will likely lead to a significant surge due to a massive short liquidation cascade. The price action in the coming days will play a crucial role in determining ETH’s broader prospects. Technical Analysis By Shayan The Daily Chart Ethereum has reached a decisional point at a crucial resistance region consisting of the Head and Shoulders...

Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal. The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction. By Shayan The Daily Chart Ethereum is undergoing a descending consolidation phase, with no clear directional bias...

Ethereum’s price has been consolidating in a wide range above the $2,000 mark. Yet, things might change soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been moving sideways in a $500 range between the $2,700 resistance level and the $2,200 support zone. With the market testing the upper boundary multiple times and failing to break above, $2,200 seems likely to be targeted in the upcoming weeks. On the other hand, the...

After breaking above the middle boundary of the descending price channel, Ethereum has temporarily lost its bullish momentum, slightly approaching the crucial $2.8K resistance. The upcoming price action around this level will play a decisive role in shaping Ethereum’s trajectory in the mid-term, with potential outcomes dependent on whether buyers can overcome the selling pressure. By Shayan The Daily Chart Ethereum’s daily chart reveals that following a pullback towards the...

Ethereum remains in a downward trend, with price action showing insufficient bullish momentum for a reversal. In the near term, the cryptocurrency is likely to enter a consolidation phase within a critical range, with mild bearish retracements seeming far more likely. By Shayan The Daily Chart On the daily chart, Ethereum has been in a sustained downtrend since getting rejected at its yearly high of $4K. The price has consistently formed lower lows and lower highs, creating...