Tag Archives: ETH Analysis

Ethereum’s price has been rallying aggressively over the past few days. Yet, the market is approaching a strong resistance level that could determine the mid-term fate of ETH. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying since a rebound from the $2,200 zone. The $2,400 resistance level has also been broken with ease. Currently, ETH is climbing toward the $2,700 resistance level and the higher boundary of the large ascending...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum ended the week on a high note with a 9% price increase, making it one of the best performers on our list. In the process, ETH broke the resistance at $2,441 and turned it into support. The current target of this rally is $2,506, which is the next key level on the chart. If the second-largest cryptocurrency breaks that level as well, then it has a clear path...

Ethereum’s recent price action has seen it find support around the critical 100-day moving average, signaling a shift in market sentiment from bearish to bullish. ETH has embarked on a bullish retracement and has now reached a pivotal resistance region, setting the stage for its next move. By Shayan The Daily Chart A comprehensive examination of Ethereum’s daily chart unveils a shift in market sentiment, with the significant 100-day moving average at $2225 providing robust...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...

Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection...

After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels. However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal. By Shayan Ethereum Price Analysis: The Daily Chart A detailed analysis of Ethereum’s daily chart reveals a notable rejection after attempting to surpass the $2.6K resistance, resulting in a 20% decline....

Ethereum’s price has been on the rise over the last few months, breaking through resistance levels one by one. Yet, the cryptocurrency might have reached a potential turning point. Technical Analysis By TradingRage Ethereum Price Analysis: The Daily Chart On the daily chart, the market has been acting very bullish since breaking the 200-day moving average to the upside. It has been making consistently higher highs and lows, with the Relative Strength Index showing values...

Ethereum’s price is currently finding it difficult to rally higher following weeks of aggressively bullish price action. Yet, there are still several support levels nearby that could keep the cryptocurrency from dropping lower. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is...

Ethereum’s price has encountered a significant obstacle at the critical $2.4K resistance, leading to an extended consolidation phase within this pivotal range. This situation and the bullish sentiment in the futures market have heightened expectations for a potential bullish breakout. By Shayan Ethereum Price Analysis: The Daily Chart A detailed examination of Ethereum’s daily chart reveals an ascending consolidation period, with the price approaching a substantial...