Tag Archives: ETH Analysis

Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has been moving sideways within the falling wedge (marked blue on the following chart). The price is now closing in on the wedge upper border which is currently acting as resistance around the $3,800 level. If ETH gathers momentum here, then the bulls have a chance at a breakout. A failure will take the price back unto support at $3,600 or even $3,300 if the correction will continue. Chart by...

Over the past few days, ETH has been trading inside a descending wedge formation. The next significant price move will likely take place upon a breakout of the pattern. Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has managed to hold above the key support at $3,600. Since then, the price is heading towards the upper boundary of the descending wedge (marked blue on the following chart), which will likely act as resistance. As of now, this level...

This week, we take a closer look at Ethereum, Cardano, Ripple, Solana, and Luna. Ethereum (ETH) On Tuesday, Ethereum fell below $4,000 (level acting as resistance right now) after it could not sustain its rally from the previous week. The price made a lower low and closed the past seven days in red with an 8% loss. The current price action has formed a large descending wedge (in blue) which is a bullish formation as long as the price can manage to break above it after the...

Key Support levels: $3,600, $3,300 Key Resistance levels: $3,740, 4,000  ETH has just made a lower low on the chart if we exclude the flash crash from 4th December. The price hit the $3,600 support level and is now hovering just under the $3,740 resistance. The current price action has also formed a large descending wedge (in blue). This is a bullish formation, but it can be quickly invalidated if ETH falls under the key support level. Chart by TradingViewTechnical...

ETH has lost the $4,000 key level once again. In the following analysis, we will try to understand what it means for the second-largest crypto over the next short term. Key Support levels: $3,738 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) After a few days maintaining the crucial level above $4,000, ETH’s price dropped below this key price area, which has turned back into solid resistance. The momentum was simply not there to sustain a price above it. As mentioned...

ETH has been successful in keeping its price above $4,000. However, the upwards momentum is weak. Key Support levels: $4,000 Key Resistance levels: $4,435, $4,868 (ATH) ETH’s price is sitting just above the $4,000 support level with little volume or volatility. This is normal considering the weekend and the new year’s holidays. The resistance is some distance away at $4,435, and as it seems now – it likely will not be tested any time soon. Momentum might return in the coming...

This week, we take a closer look at Ethereum, Ripple, Solana, Luna, and Avalanche. Ethereum (ETH) Ethereum has reclaimed the $4,000 level and appears ready to move higher towards the next key resistance at $4,400. The battle for the $4,000 level was intense, and it took almost a week until the buyer side prevailed. The price dropped to the former support at $3,700 several times, and the outlook on Monday was grim. But this quickly changed as the market turned back up. As...

Key Support levels: $3,700 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) The battle between buyers and sellers is ongoing at the key $4,000 level. So far, the sellers managed to push the price below it after a short incursion from bulls. At the time of this post, the $4,000 level is acting as a resistance, and if the buyers manage to turn it into support, then ETH can rally further. Chart by TradingViewTechnical Indicators Trading Volume: Volume disappeared after ETH...

On Saturday, bulls made another attempt to push the ETH price above $4,000 with no success. After ETH had broken below $4K, the latter turned into the main question for deciding Ethereum’s short-term future. Key Support levels: $3,700 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) ETH is attempting to stop the downtrend and curved up above the support at $3,700, creating long wicks to the downside over the past week (this shows that there is demand at lower levels)....

ETH briefly dipped below $4,000 as bulls are struggling to maintain the key price over the past few days. Key Support levels: $4000, $3850 Key Resistance levels: $4566, $4868 (ATH) ETH was rejected by the $4,566 resistance level on Thursday and was quickly pushed down by the bears towards the key support at $4,000. On December 10, ETH’s price slipped below this key support, however, the bulls were able to get the price back above the level the day after. At the time of this...