Tag Archives: ETH Analysis

Despite the ongoing bearish sentiment among market participants following the recent turmoil of SVB bank and its effect on USDC, Ethereum’s price has found substantial support amid the $1450 price range. The upcoming days will be crucial to see whether ETH can hold the critical level or continue its negative sentiment. Technical Analysis By Shayan The Daily Chart After breaking above the upper trend-line of the symmetrical triangle and consolidating for an extended period,...

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon. Ethereum (ETH) The overall market has turned red, and ETH’s price has lost 15% in the past week. With support broken to the downside, Ethereum is struggling to find its footing and could go to $1,300, where the next key support is found. The news that Ethereum could be considered a security is another blow that may intensify the current bearish momentum. As the pressure is building up,...

Ethereum’s price action has been very choppy in recent weeks after facing rejection from a significant resistance. However, there are multiple levels that could provide support and hold the price in the event of a deeper pullback. Technical Analysis By: Edris The Daily Chart On the daily chart, the price was rejected from the $1800 level and the higher boundary of the large symmetrical triangle pattern earlier in February. It has since broken below the 50-day moving average,...

Ethereum’s price has been rejected from a significant resistance level following the turmoil surrounding Silvergate. However, there are still multiple support levels available to hold the price for now. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been struggling to break above the $1800 level. The higher boundary of the large symmetrical triangle pattern and a bearish rejection has led to the breakdown of the 50-day moving average...

Ethereum’s price is struggling to break above a key resistance level following a substantial rally over the last couple of months. However, there are multiple support levels that could hold the price in case of a reversal. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has failed to break above the $1800 level and the higher boundary of the large symmetrical triangle pattern. The cryptocurrency appears to be facing rejection to the downside at...

Ethereum’s price has reached a key resistance level following the recent rebound and rally from the $1100 area. The short-term price action of ETH now depends on the reaction to this key level. Technical Analysis  By: Edris The Daily Chart: On the daily timeframe, the price has finally reached the higher boundary of the large symmetrical triangle after consolidating for a couple of weeks. The price tested the $1800 level and the higher trendline of the triangle yesterday but...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%. the current PA shows that buyers are becoming eager, and the key resistance is being tested again and again. The more this happens, the likelier it becomes for ETH to break above and move higher. Looking ahead, ETH has good...

Ethereum’s price appears to have entered a short-term correction phase as the cryptocurrency was recently rejected from a vital resistance zone and plummeted. Nevertheless, two crucial support levels are ahead, which might end the current decline. Technical Analysis By Shayan The Daily Chart The price has recently rallied and exited a multi-month symmetrical triangle pattern. However, the momentum has weakened. Following this decline, Ethereum is now facing the triangle’s...

Ethereum’s uptrend has been halted after reaching the major resistance at $1.7K. The price action seems choppy, while a short-term correction is what many expect. Technical Analysis By Shayan The Daily Chart Ethereum has surpassed the 200-day moving average and the multi-month channel’s upper trendline due to the recent bullish move of the whole market. However, the price declined from the major resistance level of $1.7K and is now consolidating beneath it. On the other hand,...

As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable scenario. In this case, the $1800 resistance level and the higher boundary of the large symmetrical triangle could finally be tested in...