Tag Archives: ETH Analysis

Ethereum Ethereum saw a 5.4% price hike this week as the coin sits around $3200. It surged above $3200 last Friday to meet resistance near $3350, provided by a bearish .618 Fib Retracement level. Unfortunately, it could not overcome this level and ended up rolling over from there. Throughout the week, ETH headed lower as it slipped beneath $3000 until support was found on Wednesday at $2960, provided by a .236 Fib and bolstered by the 20-day MA. It has since bounced higher...

ETH/USD – Ether Returns To 20-day MA Support Key Support Levels: $3000, $2960, $2890.Key Resistance Levels: $3170, $3360, $3540. After surging by almost 94% over the past three weeks, Ethereum has finally seen a meaningful retracement. The coin is now down by a total of around 8% since hitting $3350 at the start of the week. The cryptocurrency met resistance at $3350 (bearish .618 Fib) over the weekend and failed to establish momentum above that. There were signs of bearish...

ETH/USD – Ether Bearish Divergence Continues At $3300 Key Support Levels: $3150, $3035, $3000.Key Resistance Levels: $3350, $3400, $3540. Ethereum saw some positive price developments toward the end of last week as it surged above the previous $3150 resistance on Friday. It continued to climb as high as $3330 over the weekend but could not break above it. Yesterday, ETH dipped as low as $3100 but quickly rebounded to heads back toward $3300 when the candle closed....

Bitcoin Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern. Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750. It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and...

ETH/USD – Ether Shows Sings Of Bearish Divergence At $3160 Resistance. Key Support Levels: $3000, $2890, $2680.Key Resistance Levels: $3160, $3200, $3350. Since bouncing from $1710 on July 20th, Etheruem has surged by a solid 90% to reach as high as $3170. The coin initially moved inside an ascending price channel but eventually broke toward the upside over the weekend. After that, ETH pushed higher to meet resistance at $3160. Since then, it struggled to produce a daily...

ETH/USD – Ether Turns Parabolic Above Price Channel. Key Support Levels: $3000, $2890, $2800.Key Resistance Levels: $3150, $3200, $3350. Ethereum has been climbing aggressively ever since rebounding from the June support at $1710 in the final half of July. Since then, ETH surged by a total of around 80% to reach the current $3110 level. Throughout the majority of this surge, ETH was trading inside an ascending price channel. It broke toward the upside over the weekend as it...

Bitcoin Bitcoin surged 8% today as it reclaims $40K but is just up 2% on the week. Last Friday, Bitcoin was trading inside an ascending price channel as it breached the January 2021 high at $42,000 to reach as high as $42,400 over the weekend. From there, BTC rolled over and broke beneath the ascending price channel on Monday. It then traded downward inside a descending wedge formation – best seen on the 4-hour chart. This wedge saw the price of BTC being driven lower until...

ETH/USD – Ether Falls Below Price Chanel But Finds .236 Fib Support Key Support Levels: $2460, $2400, $2320.Key Resistance Levels: $2550, $2640, $2700. Ethereum surged higher over the past fortnight inside the confines of an ascending price channel. This price channel allowed it to reach as high as $2700 this week. Unfortunately, ETH pulled back slightly from this high and fell beneath the price channel today. After breaking the lower angle of the price channel and the...

ETH/USD – Ether Hits $2600 After Breaking 100-day MA Key Support Levels: $2545, $2400, $2320.Key Resistance Levels: $2725, $2890, $3000. Etheruem saw an incredible 18% surge this week as it climbs inside the confines of an ascending price channel. The cryptocurrency broke above a descending trend line toward the end of last week and pushed above the 100-day MA level yesterday to hit $2600 today. ETH did surge as high as $2700 yesterday, allowing the coin to set a new high not...

Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level for the first time since May and continued to hit the $40k resistance. It did spike above $40K, reaching $40,500 (bearish .382 Fib) but...