Tag Archives: ETH Analysis

ETH/USD – Market Is Rangebound This Past Week.Key Support Levels: $1750, $1695, $1620.Key Resistance Levels: $1800, $1875, $1900.Ethereum has been fairly static over the past week of trading as the cryptocurrency remained trapped between a range of $1875 and $1750 for the past eight days. It attempted to break the upper boundary of this range over the weekend but failed to overcome the resistance and has since dropped into the lower boundary today.Before establishing this range, Ethereum was...

We saw a rollercoaster of price action over the past seven days as Bitcoin went to set a new all-time high slightly below $62K, only to retrace to about $53K a couple of days later. Most of the altcoins followed suit, though some came out of it better than others.BitcoinBitcoin is up by a small 2% over the past week as it trades at the $59,000 level. The cryptocurrency had surged higher last weekend to set a new ATH at $61,781. It was trading inside an ascending price channel for the majority...

ETH/USD – Market Falls Beneath Ascending Price ChannelKey Support Levels: $1755, $1695, $1620.Key Resistance Levels: $1800, $1875, $1940.Ethereum performed well over the weekend, clocking in a fresh March high at $1940 on Saturday. It dropped back below $1900 on Sunday and continued to break beneath the March ascending price channel yesterday with the 5.2% price fall.The price drop caused ETH to head back into previous resistance at $1755, which had provided support for the market throughout...

ETH/USD – Market Falls Into Lower Boundary of Ascending Price ChannelKey Support Levels: $1755, $1700, $1667.Key Resistance Levels: $1876, $1900, $1960.Ethereum started the week on a bullish note after rebounding above $1500 over the weekend. The cryptocurrency went on to form a short-term ascending price channel as it continued to push upward to reach the resistance at $1875 (1.414 Fib Extension).It could not close a daily candle above the resistance and ended up rolling over on Wednesday....

ETH/USD – Bulls Run Into Resistance At $1875Key Support Levels: $1800, $1755, $1700.Key Resistance Levels: $1875, $1900, $1960.Ethereum has seen a strong bullish week as it is up by a total of 24% over the past seven days. At the start of March, the coin was struggling to break the resistance at $1580 (bearish .382 Fib). However, they finally poked above during the weekend.The coin was rising every day this week until it hit the resistance at $1875 (1.414 Fib Extension – yellow) yesterday....

ETH/USD – Bulls Meet Resistance At Bearish .618 FibKey Support Levels: $1680, $1620, $1500.Key Resistance Levels: $1755, $1800, $1875.Ethereum is now up by a total of 21.6% over the past week as it hit the resistance at $1755 today (bearish .618 Fib). The coin had started heading lower toward the end of February until it found support at $1425 (previous ATH).It rebounded from there and it pushed higher into resistance at $1580 (bearish .382 Fib Retracement). It struggled at this level during...

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

ETH/USD – Bulls Start Recovery Above 20-day EMAKey Support Levels: $1600, $1500, $1465.Key Resistance Levels: $1700, $1764, $1800.Ethereum is starting to recover from last week’s downtrend in which it fell from above $1900 to reach as low as $1290 (.5 Fib Retracement). The coin found solid support at $1425 over the past few days and started to push higher from there.Today, the 7% price surge allowed Ethereum to bounce from $1500 and break above $1600 to reach as high as $1658. It is now...

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,...