Tag Archives: ETH Analysis

Yesterday, much like the stock markets, cryptocurrencies had rough times. Ethereum lost about 9% of its value, and the bears pushed the price toward the support at $2,800. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, Ethereum entered a correction phase after failing to break the barrier of Fibonacci Retracement at 0.618. It is currently forming a bullish pattern with the formation of higher highs and lows. However, the main question is whether the...

The crypto market continues its sharp correction, in correspondence with the global markets. Ethereum lost about 10% of its value last week and has started the first day of the week in the red. Earlier today, ETH recorded its lowest level since March 18, a five-week low. Technical analysis by Grizzly The Daily Chart On the daily timeframe, the daily MA100 (marked blue), which has been supporting ETH for the past two weeks, eventually broke down. The price is currently on top...

After another attempt, Ethereum still could not overcome the key resistance at $3200, and the bears quickly took control of the market. This correlates with the overall sentiment, as the DXY index continues to rise, and high-risk assets such as US stocks indices and Bitcoin are dropping. In addition, Gold has lost 3.5% of its value recently as a safe-haven asset. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, following the $3200...

Ethereum increased 10% from its lowest level at the beginning of the week (below $2.9K), and the bulls regained some market control. But the big question is whether the bearish short-term sentiment is over? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bulls were able to push the price towards the resistance range of $3200-$3300. As the Taker Buy/Sell Ration and Volume Delta shows, the buyer takers have been more powerful in the...

Ethereum started the week on the green side. After the bears pushed the price down to $2880 yesterday, the bulls entered the market and were able to close the daily candle in green, with a nice wick to the downside (bullish structure). It remains to be seen whether the bulls can take control of the market. Technical Analysis Technical analysis by Grizzly The Daily Chart ETH is trading within an ascending channel (marked yellow). The top of this channel is around $3800, and...

Following almost zero moves, Ethereum has been going through a period of low volatility over the past week. The price is amid the critical support at $3,000, and the bulls have so far successfully defended it. Technical Analysis Technical analysis by Grizzly The Daily Chart On the daily timeframe, the bulls have held the price above the support at $3,000. Buyer takers in this area have gained a little more power, and the volume delta has increased. Looking at the last few...

Ethereum is about to end this week in the red. The bears were able to push the price down since nailing this week’s high at $3547. Currently, the daily MA-20 line acts as a solid support level, and the bulls struggle to hold it.  The Daily Chart Technical analysis by Grizzly On the daily timeframe, ETH dropped towards the daily MA20 (moving average) line after the bulls failed at the significant daily MA200. Now the big question is whether the uptrend is over? To answer this...

Ethereum is about to close a third green weekly candle. However, it seems like the bullish move has weakened as ETH faces strong resistance (marked by red). The weekly candle closes soon, and the bulls still seem to have control over the market. The opening of global markets on Monday may have a significant impact on determining the market’s trend. Technical analysis by Grizzly The Daily Chart Ethereum has reached a zone of solid resistance on the daily timeframe, combined...

Same as happened in early February, the bulls have taken control of the ETH-USD market. However, this time it may be different, as ETH overcame significant resistance and is also forming a higher high above $3300, which is technically one of the major signs for a downtrend reversal. The Daily Chart Technical Analysis by Grizzly On the daily timeframe, after ETH was able to cross the psychological resistance at $3K, everyone waited to breach the resistance at $3300 to form a...

The second half of March was relatively bullish for the markets, especially for Ethereum, with only two red daily candles. ETH started the rally when breaking above $2500 and then surged by 25%. Crossing the psychological resistance at $3,000 was an outstanding achievement for the bulls, marking a decent recovery of about 50% of the downtrend since reaching the all-time high. What’s next? The Daily Chart Technical Analysis by Grizzly After crossing the $3K milestone, ETH is...