Tag Archives: ETH Analysis

BitcoinBitcoin saw a further 7.5% price surge over the past week, with today’s 5% price hike putting it at a new ATH of $24,660. The cryptocurrency had penetrated above  $20,000 on December 16th, and it continued to rise last week until it met resistance at $23,853 (1.618 Fib Extension – purple).The buyers struggled to break this resistance over the last few days as it went on to trade sideways between $23,853 and the support at $22,708 (.236 Fib Retracement).Bitcoin rebounded from the lower...

ETH/USD – Ethereum Rolls Over From 2020 HighsKey Support Levels: $600, $580, $556.Key Resistance Levels: $625, $650, $665.Last week, Ethereum surged higher after rebounding from $580 to break above $600 on the same day that Bitcoin penetrated $20,000. The coin continued to climb over the following few days but couldn’t break past the $675 resistance (long term .786 Fib Retracement).Over the weekend, ETH struggled to maintain itself above $650 and eventually rolled over to fall as low as $625....

The last week saw the entire cryptocurrency market painted in green. Interestingly enough, Litecoin is the major altcoin that gained the most, with BTC following in second place. Unfortunately for XRP bulls, it failed to realize any substantial profits over the past seven days. BitcoinBitcoin saw an impressive growth over the past few days, resuming its long-term bullish trend with full speed. From around the $17,100 correction level, the leading cryptocurrency bounced back with roughly 25%...

ETH/USD: Ethereum Resumes Bullish RunKey Resistance Levels: $700, $720, $750Key Support Levels: $636, $600, $538ETH/USD. Source: TradingViewFollowing Bitcoin, Ethereum finally resumed its bullish run after recording a substantial 18% increase in the past 7 days. It broke to a new yearly high (where it now trades around $666) with a 12% gains overnight. Because of this, its market cap is now up to roughly $75 billion, at the time of writing. This is also the highest price for ETH since May...

ETH/USD: Price Consolidates After A ReboundKey Resistance Levels: $600, $636, $700Key Support Levels: $530, $489, $450ETH/USD. Source: TradingViewEthereum saw a 2% increase over the past hours following recovery from $530 over the weekend. These gains have pushed the second largest coin by market cap to its current price of $586. ETH is likely to face critical resistance at $600.Volatility may be low at the moment but its bullish trend is still looking strong in the long-term. Meanwhile, the...

This week had the entire cryptocurrency market painted in red as Bitcoin withdrew to a low of $17,650 before recovering to where it currently trades at. All of the altcoins followed suit, and as a result, they’ve charted substantial decreases over the course of the past seven days, as seen in the graph below.Bitcoin lost roughly 5.6% over the past 7 days now. Following the latest drops, the leading cryptocurrency is now floating around $18,000.However, its long-term bullish trajectory is...

ETH-USD: Ethereum Trapped In A TriangleKey Resistance Levels: $600, 625, $650Key Support Levels: $530, $494, $450ETH/USD. Source: TradingViewEthereum marked a daily 7% drop to $530 (today’s low) following the latest decline in Bitcoin’s price. However, just last Bitcoin, the second-largest cryptocurrency, had also seen a brief rebound of roughly 5%. Despite the recent plunge, the longer-term trend is still bullish.In the mid-term, as can be seen in the above 4-hours chart, Ethereum is...

ETH/USD – Ethereum Whipsaw Swing Sees $560 Before ReboundingKey Support Levels: $580, $560, $550.Key Resistance Levels: $620, $650, $665.Earlier today, Ethereum spiked lower by around 9% when it dropped from the resistance at $620 to break beneath $600 and reach $560. There, it found support at the .236 Fib Retracement level and rebounded to climb back above $600 and hit $607. It has since dropped back beneath $600 as it trades around $590. Interestingly enough, all of this coincided with the...

ETH/USD – Ethereum Rebounds From .5 Fib at $495Key Support Levels: $560, $524, $500.Key Resistance Levels: $600, $620, $650.Ethereum dropped from the $620 resistance toward the end of last week as Thanksgiving put a downer on the market. It continued to drop over the weekend as it penetrated beneath $600 and fell as low as $495, where it found support at the .5 Fib Retracement.From there, ETH started to rebound higher as it broke back above $550 to hit $595 at the time of writing. The coin is...

BitcoinBitcoin saw a slight retracement from its bullish rally this week after dropping 6.3% over the past 7 days. The cryptocurrency started the week on a bullish footing as it climbed higher from $18,000 and reached as high as $19,500. Unfortunately, it could not close a daily candle above $19,265 (1.272 Fib Extension) during the week.Yesterday, Bitcoin dropped by a steep 10% to the $17,000 region. The decline continued today as BTC fell into the $16,375 support – provided by a .5 Fib...