Tag Archives: ETH Analysis

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Solana Ethereum (ETH) Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a negligible move in the price, which still remains in a flat trend. This cryptocurrency remains stuck between the key support at $1,160 and the resistance at $1,240. This channel is...

It has been 51 days since Ethereum experienced a significant crash and dropped to a new yearly low of $1.1K. Meanwhile, the price has been stuck in a price range between $1.1K and $1.3K. Further consolidation in the mentioned range would be the most likely scenario in the upcoming days. Technical Analysis By Shayan The Daily Chart Ethereum faces a critical price zone consisting of the 50-day moving average as a resistance and the multi-month channel’s middle level as a...

Over the past few weeks, we saw a mini-rally that was initiated at the wedge’s lower boundary (shown below); however, Ethereum’s uptrend was halted by the 50-day moving average line significant resistance level. Since the rejection, ETH has seen consolidation in a very tight range. Another bearish leg might soon start unless the price breaks above $1236. Technical Analysis By Shayan The Daily Chart After a sudden crash below the static support level of $1300, the price has...

Ethereum’s price has dropped below a significant resistance zone where the 100-day and 50-day moving averages and a recently formed channel’s middle boundary had a stronger confluence. Therefore, a possible uptrend will be possible only if the price exceeds this range. Oppositely, a rejection might trigger another bearish leg. Technical Analysis By Shayan The Daily Chart Ethereum’s price has been moving inside a descending price channel for six months. Most recently, the...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot Ethereum (ETH) ETH fell by 3.1% in the past seven days after it lost the support at $1,240, which has now turned into a resistance. The bulls stepped up at $1,150, and since then, ETH has been trending upwards. In the next few days, this cryptocurrency seems likely to attempt to reclaim the $1,240 level as support. However, to achieve this, buyers need to keep it up. So far in December,...

Following yesterday’s Fed interest rate announcement, Ethereum’s price has seemingly taken a U-turn, getting rejected from a significant resistance zone. Another bearish phase could soon begin unless the market rebounds over the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to break above the $1300 level and is currently falling to the downside. The 50-day moving average has also been tested around the same area, but the...

Ethereum has recently initiated a push and is currently confronting a significant resistance region. The price is consolidating, but a few other resistance levels could affect the short-term market outcome. Technical Analysis By Shayan The Daily Chart The 100-day and 50-day moving averages, standing at $1360 and $1320, prevent Ethereum’s price from going forward as it is currently consolidating below these levels with low volatility. A static resistance level at $1300 has...

Ethereum’s price is currently facing crucial resistance, and the current focus is to surpass it. A successful breakout from this level could potentially result in bullish momentum in the near term. Technical Analysis By Shayan The Daily Chart Ethereum’s price has been forming a descending flag price pattern over the last few months. After recently touching the lower trendline, it has initiated a small rally with extremely low momentum. The price is now consolidating around...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low which could be interpreted as bullish. If buyers return to ETH, the next key resistance is found at $1,365, where it is likely to face a more significant...

Unlike Bitcoin and many other crypto assets, Ethereum is forming a new low while testing a significant resistance level. ETH should be monitored closely, as the price action in the next few days could provide useful hints for the mid-term market trend. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price is still trapped between $1250 and $1000 levels but could soon break out. The $1250 resistance level is currently being tested, and if broken...