Tag Archives: ETH Analysis

ETH/USD – Market Continues Consolidation Inside Triangle. Key Support Levels: $2715, $2600, $2470.Key Resistance Levels: $2892, $3000, $3135. ETH is up by a substantial 18% over the week as it trades at around $2800 but still resides inside the ascending triangle pattern. The roof is at $2891 (bearish .382 Fib), and ETH has been stuck here for the past fortnight. It tested the upper boundary of the triangle last week but failed to overcome it. As a result, ETH headed lower...

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

ETH/USD – Ether Breaks Above Short Term Triangle Key Support Levels: $2600, $2470, $2333.Key Resistance Levels: $2740, $2890, $3000. ETH surged 4% over the past 24 hours to break above a short-term symmetrical triangle. The coin had hit the support at the lower boundary of this triangle over the weekend after briefly spiking beneath $2200. Since then, ETH pushed back above the 100-day MA and broke the triangle’s upper boundary yesterday as it broke above $2600. Today, ETH...

ETH/USD – Ether Trades In Short Term Symmetrical Triangle Key Support Levels: $2330, $2200, $2035. Key Resistance Levels: $2470, $2650, $2740. While Bitcoin rebounded to $40K and got rejected earlier this week, ETH topped reaching nearly $2900, where it hit resistance at a bearish .382 Fib. From there, the coin started to head lower over the past few days until finding support at around $2200 (.618 Fib) just a few hours ago. Looking at the following lower time frame chart,...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

ETH/USD: Is Ethereum Losing The $2K Mark? Key Support Levels: $1,888, $1,800, $1,625. Key Resistance Levels: $2,000, $2,275, $2,400, $2,800. ETH is down by a steep 55% over the past eleven days, the day ETH saw its all-time high around $4,400, as the coin dropped beneath $2,000 earlier today. The cryptocurrency suffered a steep decline on Wednesday during the cryptocurrency market crash as it dropped from over $3,400 to reach as low as $2,036, according to Bitstamp. Despite...

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

ETH/USD – Ether Finds Support At .786 Fib Key Support Levels: $2,775, $2444, $2200,.Key Resistance Levels: $3000, $3211, $3487. The severe price crash seen yesterday caused ETH to drop by a total of around 40% from high to low. During the session, ETH fell as low as $1850, where it found support at the February highs. By the end of the day, the buyers had pushed higher to allow the daily candle to close above $2,444 (.786 Fib). Today, ETH recovered by an astonishing 60% and...

ETH/USD – Ether Attempts To Hold 20-Day MA Key Support Levels: $3430, $3250, $3140.Key Resistance Levels: $3750, $3800, $4000. Etheruem fell beneath its rising price channel over the weekend as it rolled over from above $4000 and dropped on Saturday. The cryptocurrency had been trading inside this channel since the end of April, which allowed it to go on a strong bull run over the past two weeks to set a new ATH at $4373. Today, ETH continued to slide lower as it spiked down...

Despite the recent market-wide crash, Ethereum continues to lead amid the large-cap cryptocurrencies. Today, we take a closer look into the following cryptos: Bitcoin Bitcoin is down by a total of 10% this week as it saw turbulence over the past two days with Telsa removing BTC payments for its vehicles. The cryptocurrency failed to break a falling resistance trend line at around $59,000 at the start of the week and started to head lower from there. On Wednesday, the...