Tag Archives: ETH Analysis

Ethereum’s price has been consolidating after a significant crash a few weeks ago, making market participants hopeful that the price is creating a bottom. Technical Analysis By: Edris Derakhshi The Daily Chart On the daily chart, the price has gradually made higher highs and lows since rebounding from the $2,100 support level. Yet, the market is yet to break past the $2,700 resistance, while a rejection could lead to another drop to $2,100. On the other hand, if the market...

Ethereum has been facing significant resistance at the $2.8K level, which marks the lower boundary of a multi-month wedge pattern. The price action suggests that it might be completing a pullback, potentially driving the price down toward the $2.1K threshold. By Shayan The Daily Chart Ethereum has been grappling with the multi-month wedge’s lower boundary at $2.8K for several weeks, suggesting a possible pullback completion. After retracing toward this key resistance level,...

Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. By Shayan The Daily Chart A closer examination of Ethereum’s daily chart shows that the cryptocurrency has entered a corrective phase, with price action signaling a potential pullback toward the...

Following a sharp 37% decline, Ethereum encountered significant buying activity near the $2.1K support region, leading to a bullish rebound. However, the current price action suggests that ETH may be completing a pullback to the wedge’s lower boundary at $2.8K, which could signal a continuation of the bearish trend. By Shayan The Daily Chart A closer look at Ethereum’s daily chart reveals a strong bullish response near the critical $2.1K support level, resulting in a rapid...

Ethereum’s price has been going through a frustrating consolidation period over the past few months following the price’s failure to break above the $4,000 resistance level. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $2,800 mark and rallied toward the $3,500 resistance level. However, the latter has rejected the price to the downside. The market has also dropped below the 200-day moving average, located...

Ethereum’s price is currently trapped inside a significant tight range, bounded by the 100-day moving average of $3364 and the 200-day moving average of $3212. A breakout from this range will determine its upcoming trajectory. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that following a rejection near the crucial $3.5K resistance region, the price has plummeted to a substantial support zone. This critical support includes the 200-day...

Ethereum has recently faced a notable rejection and experienced a 13.3% decline after breaking above the 100-day moving average. The price is currently struggling to break below the 200-day MA, indicating a notable bearish sign if the breakout occurs. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that after breaking out above the critical 100-day moving average at $3,354 and a brief period of consolidation, it experienced a significant...

Following a revival in buying interest and demand, Ethereum’s price has surged, reclaiming the 100 and 200-day moving averages. This price action suggests a shift towards a potential rally, with buyers targeting a new yearly high in the mid-term. By Shayan The Daily Chart A detailed analysis of Ethereum’s daily chart reveals that after a notable increase in buying pressure near the substantial $3K support region, the cryptocurrency initiated a bullish spike, surpassing the...

Ethereum has recently seen an uptick in demand near a crucial support level, leading to a notable rebound above the 200-day moving average at $3,134 and reaching the 100-day MA. This price action highlights the potential for a bullish reversal if the price recovers above the 100-day MA of $3,342. By Shayan The Daily Chart A detailed analysis of Ethereum’s daily chart reveals that after a prolonged bearish trend, the cryptocurrency briefly broke below the 200-day moving...

Ethereum’s price has been dropping recently, following a second rejection from the $4,000 resistance level, and it has yet to recover. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been making lower highs and lows since failing to break the $4,000 level to the upside a while ago. The market has also broken below the 200-day moving average, around the $3,100 mark. The price is currently retesting the 200-day moving average but is seemingly...