Tag Archives: ETH Analysis

Key Support levels: $2,500, $2,200 Key Resistance levels: $2,800, $3,000 The correction appears to have ended, at least in the short term, with the price touching the key support at $2,500. Now there is a worthy attempt to go higher towards the key resistance at $2,800. After closing in red for six consecutive days, ETH may finally have a green one. Chart by TradingViewTechnical Indicators Trading Volume: Today’s volume is rather weak. If the reversal is to be trusted, then...

The market took a nosedive over the weekend, and now ETH is on a clear path to retest the $2,500 support. According to market data by CoinGecko, ETH has been down 4% over the past day and 18% since Thursday. Key Support levels: $2,500, $2,200 Key Resistance levels: $2,800, $3,000 With a bearish cross on MACD and plunging price, the outlook for ETH is not great. The rejection at the $2,800 resistance has intensified the sell-off. ETH is now heading towards the key support...

Key Support levels: $2,805, $2,200 Key Resistance levels: $3,000, $3,400 ETH failed to sustain the rally and broke the uptrend, with prices now falling to the key resistance at $2,800. Bulls have the last chance to defend there. If they fail, then the next key support is found at $2,200. The $3,000 level has turned into resistance and buyers seem unlikely to have the momentum to push the cryptocurrency back above it. Chart by TradingViewTechnical Indicators Trading Volume:...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days. The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a...

Key Support levels: $3,000, $2,805  Key Resistance levels: $3,400, $3,750 Despite a decreasing volume as the price goes up, ETH continued to perform well this week and increased substantially. The key resistance sits at $3,400, and the cryptocurrency appears ready to test this level before any significant pullback. The support at $3,000 has held well and may be revisited if ETH is rejected at the key resistance. Chart by TradingViewTechnical Indicators Trading Volume: The...

ETH has broken above $3,000 and appears poised to move even higher, ending the short-term downtrend. This comes less than two weeks since bottoming at $2160, according to Bitstamp. Key Support levels: $2,805, $2,500 Key Resistance levels: $3K, $3,400, $3,750 After a decent 2-day rally, ETH broke above the key resistance at $3,000 today. If ETH can turn this level into support (retest and confirm), this impressive rally could continue much further. In addition, there is also...

Key Support levels: $2,550, $2,200 Key Resistance levels: $2,800, $3,000 Despite a worthy attempt by ETH to move higher, the sellers stood firm at the $2,800 resistance, which rejected the price and propelled it into a pullback. The buyers will have to defend the support at $2,500 to avoid further losses as the next key support is found at $2,200. So long the current support holds, this can be an expected pullback after a 30% rally. Chart by TradingViewTechnical Indicators...

Ethereum managed to break above $2,600 after buyers took control of the short-term price action. Since recording a 6-month low on Monday ($2160), ETH recovered over 20%. Key Support levels: $2,550, $2,200 Key Resistance levels: $2,805, $3,000 ETH had seen a positive weekend so far, managing to break and daily close above the critical resistance at $2,550 which has now turned into support. The immediate resistance is now found at $2,805 and if ETH maintains the bullish...

The Friday crash had driven ETH below $2,500, wicking at $2,300 – a price not seen since July 2021. Key Support levels: $2,300, $2,000. Key Resistance levels: $2,500, $2,750, 3,000 This week’s market carnage was not kind to ETH, which recorded a daily close below $3,000 for the first time since the end of September. Furthermore, ETH saw a low of $2,300 on Bitstamp, at the peak of the collapse. Since yesterday, ETH was able to rebound till encountering the $2,500 support...

Key Support levels: $3,000, $2,750 Key Resistance levels: $3,600, $4,000 ETH has been in a flat trend around the $3,300 level for some time now, unable to rally or go much lower. A strange equilibrium between market forces has kept the cryptocurrency at this level for the past week. The support at $3,000 has not been retested, nor was the resistance at $3,600 put under any pressure. The result is a sideways price action that shows indecision. Chart by TradingViewTechnical...