Tag Archives: ETH Analysis

Ethereum’s price is on the verge of breaking out from a significant resistance level after testing it for quite a while. However, there are still some obstacles for the price to overcome in order for a new bullish phase to begin. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is breaking above the key $1300 resistance level after finally surpassing the 50-day moving average. In case of a bullish breakout, the 200-day moving average found at...

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days. The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that...

Ethereum’s price has been oscillating in a very tight range over the past couple of weeks as the markets were heading into the new year’s holidays. However, a decisive move may be on the horizon, as the cryptocurrency now resides in a critical area. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been testing a significant resistance level recently, where the $1250 zone and the 50-day moving average have a confluence. While the market is yet to...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Solana Ethereum (ETH) Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a negligible move in the price, which still remains in a flat trend. This cryptocurrency remains stuck between the key support at $1,160 and the resistance at $1,240. This channel is...

It has been 51 days since Ethereum experienced a significant crash and dropped to a new yearly low of $1.1K. Meanwhile, the price has been stuck in a price range between $1.1K and $1.3K. Further consolidation in the mentioned range would be the most likely scenario in the upcoming days. Technical Analysis By Shayan The Daily Chart Ethereum faces a critical price zone consisting of the 50-day moving average as a resistance and the multi-month channel’s middle level as a...

Over the past few weeks, we saw a mini-rally that was initiated at the wedge’s lower boundary (shown below); however, Ethereum’s uptrend was halted by the 50-day moving average line significant resistance level. Since the rejection, ETH has seen consolidation in a very tight range. Another bearish leg might soon start unless the price breaks above $1236. Technical Analysis By Shayan The Daily Chart After a sudden crash below the static support level of $1300, the price has...

Ethereum’s price has dropped below a significant resistance zone where the 100-day and 50-day moving averages and a recently formed channel’s middle boundary had a stronger confluence. Therefore, a possible uptrend will be possible only if the price exceeds this range. Oppositely, a rejection might trigger another bearish leg. Technical Analysis By Shayan The Daily Chart Ethereum’s price has been moving inside a descending price channel for six months. Most recently, the...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot Ethereum (ETH) ETH fell by 3.1% in the past seven days after it lost the support at $1,240, which has now turned into a resistance. The bulls stepped up at $1,150, and since then, ETH has been trending upwards. In the next few days, this cryptocurrency seems likely to attempt to reclaim the $1,240 level as support. However, to achieve this, buyers need to keep it up. So far in December,...

Following yesterday’s Fed interest rate announcement, Ethereum’s price has seemingly taken a U-turn, getting rejected from a significant resistance zone. Another bearish phase could soon begin unless the market rebounds over the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to break above the $1300 level and is currently falling to the downside. The 50-day moving average has also been tested around the same area, but the...

Ethereum has recently initiated a push and is currently confronting a significant resistance region. The price is consolidating, but a few other resistance levels could affect the short-term market outcome. Technical Analysis By Shayan The Daily Chart The 100-day and 50-day moving averages, standing at $1360 and $1320, prevent Ethereum’s price from going forward as it is currently consolidating below these levels with low volatility. A static resistance level at $1300 has...