Tag Archives: ETH Analysis

ETH/USD – Market Returns To January 2018 Previous ATHKey Support Levels: $1400, $1291, $1250, $1200.Key Resistance Levels: $1400, $1465, $1500, $1600.Ethereum is now down by a total of 30% over the past seven days of trading. The cryptocurrency had spiked above $2000 only last week as it hit the upper boundary of the following marked ascending price channel. From there, the coin retraced, broke down the price channel and lost over $600 of its value.It happened on Monday, that ETH price closed...

This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies.BitcoinBitcoin has seen a turbulent week in which the price dropped to the current $48,000 level. The cryptocurrency was trending higher last week to set a new ATH price above $58,000.However, on Sunday,...

ETH/USD – Market Falls Of Out Rising Pirce ChannelKey Support Levels: $1465, $1425, $1358.Key Resistance Levels: $1600, $1681, $1700.Yesterday, Ethereum dropped to $1550 but quickly recovered by the end of the day to close the daily candle just beneath $1800. Today, the market tumbled again and declined by another 10% to reach the current $1550 level.Ethereum had slipped further earlier in the day, reaching a low of $1358 before recovering to its current rate. The support here was provided by...

ETH/USD – Market Rolls OverKey Support Levels: $1760, $1681, $1600.Key Resistance Levels: $1875, $1960, $2000.Ethereum suffered a steep 10% price drop today as it plummets into the $1760 level. The cryptocurrency has been trading within an ascending price channel for the entire period of 2021.ETH had pushed higher over the weekend as it managed to break resistance at $2000 and reach the upper boundary of the price channel. Unfrotenutaly, the bulls could not close a daily candle above...

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...

ETH/USD – Bulls Struggle At $1850 Resistance With Bearish Divergence Still PresentKey Support Levels: $1765, $1700, $1685.Key Resistance Levels:$1850, $1900, $1960.So far this weekend, Ethereum has dropped almost 3% after reaching the resistance at $1850 (1.618 Fib Extension). The coin was struggling to break $1800 throughout the past week but penetrated above it on Friday to reach $1850.It had also failed at the resistance at the upper boundary of an ascending price channel and has dropped...

ETH/USD – Hints Of Bearish Divergence ShowingKey Support Levels: $1685, $1600, $1536.Key Resistance Levels: $1800, $1850, $1900.Ethereum has now established another ascending price channel as it trades near the upper boundary. It had rebounded from $1300 at the start of the month and pushed higher to reach a new ATH at $1839 this week.Over the past four days, Ethereum seems to be struggling to penetrate the resistance at $1800 as it couldn’t close a daily candle above it. For this bullish leg...

ETH/USD – Bulls Return To Previous Trend Line For SupportKey Support Levels: $1685, $1600, $1493.Key Resistance Levels: $1764, $1784, $1800.Etheruem had been trapped within an ascending price channel for the majority of January 2021. It finally broke above it last Wednesday. The coin climbed until meeting resistance at $1,764 (1.618 Fib Extension) on Friday – setting a new ATH.Over the weekend, ETH dropped lower from here, spiking as low as $1476 (.236 Fib) yesterday. More specifically, it...

This week saw nothing but green on the cryptocurrency markets as it seems everything is surging. Ethereum charted a new ATH, as well as many other altcoins, while Bitcoin attempts to reclaim $38K.BitcoinBitcoin saw a 15% price surge this week as the sentiment starts to turn bullish again for the primary cryptocurrency. The coin had been in a consolidation phase since hitting its ATH price at $42,000 last month. Since then, it has pretty much traded sideways within the confines of a descending...

ETH/USD – Bulls Turn Parabolic Above Ascending Price ChannelKey Support Levels: $1500, $1425, $1392.Key Resistance Levels: $1576, $1600, $1646.Ethereum finally penetrated resistance at $1390 yesterday, the roof of a symmetrical triangle pattern. The coin had been knocking on the resistance on numerous occasions over the past week and finally managed to close a daily candle above it as it reached above $1500 yesterday.Today, Ethereum continued with the bullish momentum as it set a new ATH...