Tag Archives: ETH Analysis

Ethereum Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level. It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib). It held...

ETH/USD – Ether Falls Beneath 20-day MA Key Support Levels: $3350, $3185, $3000.Key Resistance Levels: $3600, $3790, $3875. Ethereum suffered a very sharp price crash over the past 24 hours. Yesterday, the coin lost as much as 23% from a high of $3946 to reach as low as $3025. However, the market recovered slightly by the end of the day to close at the 20-day MA. Today, ETH slipped a little, which put the price beneath the 20-day MA. Yesterday’s price drop was quite extreme,...

ETH/USD – Ether Edges Closer To $4000 Resistance. Key Support Levels: $3800, $3615, $3490.Key Resistance Levels: $3975 – $4000, $4060, $4200. Ethereum broke the previous symmetrical triangle pattern consolidation on the final day of August and had been surging aggressively ever since. On Friday, ETH surged higher from $3790 (bearish .786 Fib) and climbed into the resistance at $3975 (1.272 Fib Extension). The coin made two attempts to break this resistance over the weekend...

Ethereum Ethereum is up by a very solid 27% over the past week of trading as the cryptocurrency makes its way back to the $4000 level. The cryptocurrency was trading inside an ascending triangle pattern since hitting resistance at $3350 (bearish .618 Fib) earlier in August. On Tuesday, ETH finally surged beyond $3350 to reach $3400. It continued higher throughout the week and continued to surge today to reach the current $3975 resistance (1.272 Fib Extension). Looking ahead,...

ETH/USD – Ether Explodes After Triangle Breakout Key Support Levels: $3640, $3510, $3400.Key Resistance Levels: $3825, $4000, $4060. Ethereum penetrated the consolidation pattern this week, which was in play since mid-August when the coin failed to break resistance at $3350. This resulted in it forming a symmetrical triangle pattern for the second half of August and gaining about 17% in a week. On Tuesday, ETH bounced from the 20-day MA and broke above the symmetrical...

ETH/USD – Ether Finally Breaks August Resistance Key Support Levels: $3350, $3200, $3000.Key Resistance Levels: $3540, $3600, $3700. Ethereum has been trapped inside a consolidation period since it established resistance at $3350 during mid-August. The cryptocurrency failed to overcome the resistance provided by a bearish .618 Fib Retracement and ended up forming a symmetrical triangle from there. ETH had been trading inside this triangle pattern for the past fortnight as it...

ETH/USD – Ether Forms Symmetrical Triangle Key Support Levels: $3150, $2985, $2890.Key Resistance Levels: $3350, $3540, $3700. Since surging from $1800 at the end of July to meet resistance at $3350 in the first half of August, Ethereum has been consolidating inside a symmetrical triangle pattern. It has made over four attempts to break the $3350 resistance, provided by a bearish .618 Fib, and failed on each attempt. Recently, ETH has been using the 20-day MA as support as it...

Bitcoin (BTC) Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K. Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial...

ETH/USD – Will the 20-day MA Hold? Key Support Levels: $3150, $3080, $3000, $2960. Key Resistance Levels: $3190, $3350, $3400. Despite ETH is up by a solid 47% over the past month and 6% weekly (according to CoinGecko), it failed in breaching the critical resistance at $3350. The latter resistance is provided by a bearish .618 Fib Retracement level, and it prevented the market from pushing higher in mid-August. After the previous failed attempt, ETH retraced into the 20-day...

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...