Tag Archives: ETH Analysis

ETH/USD – Ethereum Bounces From .236 Fib SupportKey Support Levels: $1300, $1200, $1080.Key Resistance Levels: $1392, $1425, $1475.Ethereum had set a new ATH price at $1473 on Monday. It could not close a daily candle above the $1392 resistance and ended up rolling over the past few days.It continued to drop until support was found yesterday at $1200 (.236 Fib), which allowed the coin to rebound. It pushed higher today and is now testing resistance at $1350 (1.272 Fib Extension).ETH/USD Daily...

ETH/USD – Ethereum Creates New ATH At $1480Key Support Levels: $1392, $1350, $1300.Key Resistance Levels: $1425, $1480, $1530.Ethereum saw a 6.5% price climb today as the coin trades near $1415. The coin had rebounded from $1100 on Friday as it started to surge over the weekend to close yesterday’s candle at $1392 (1.618 Fib Extension).The cryptocurrency is trading within a broad rising price channel and is contesting the upper boundary today.ETH had spiked higher earlier in the day to break...

ETH/USD – Ethereum Continues Higher After $1100 ReboundKey Support Levels: $1275, $1230, $1100.Key Resistance Levels: $1390, $1425. $1439.Last Thursday, Ethereum took a steep price fall when it dropped from $1390 to hit the support at $1100, provided by a .382 Fib Retracement level.On Friday, it dipped further, hitting a low of $1050. However, it quickly reversed and started to rebound higher from there. Yesterday, it was struggling to break resistance at $1276 (bearish .886 Fib Retracement)...

During the past seven days, we saw an extended correction in Bitcoin’s price which failed to recover to its previous all-time highs. However, while BTC is down, a lot of altcoins started popping and gaining some serious value. For this week’s analysis, we’ve decided to take a closer look at Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink.BitcoinBitcoin is down by a further 18% this week, dropping by a steep $10,900 to reach a low at $28,900. The cryptocurrency was trading at the upper...

ETH/USD – Ethereum Retreats From Yesterday’s ATHKey Support Levels: $1275, $1230, $1200.Key Resistance Levels: $1350, $1400, $1424.Yesterday, ETH surged by a strong 12%, which allowed it to climb above a consolidation pattern and hit the previous ATH price. It even set a new ATH marginally higher, around $1439, before coming back down to close the day at about $1380.Today, Ethereum retreated and dropped by 8%. This was largely caused by a sharp drop in the price of Bitcoin, which also fell by...

ETH/USD – Bulls Set New ATH PriceKey Support Levels: $1390, $1350, $1275.Key Resistance Levels: $1473, $1530, $1600.Ethereum was trading in a short term symmetrical triangle pattern as it struggled to break resistance at $1276 (bearish .886 Fib) over the past four days of trading. This resistance was finally broken with today’s 12% price hike, which saw the cryptocurrency breaking the previous ATH record.It went on to set a new ATH price at $1439, marginally above the previous one at $1425....

ETH/USD – Bulls Return To Bearish .886 Fib Resistance.Key Support Levels: $1,200, $1,165, $1,100.Key Resistance Levels: $1,300, $1,350, $1,392.Ethereum saw a whipsaw-like action in trading this week after starting above $1,300 and dropping into the $1,050 support (.382 Fib Retracement). From there, it rebounded on Wednesday as it pushed higher but became stuck at a short term falling trend line.ETH then headed lower but found support at $1,165 (.236 Fib Retracement). It rebounded from this...

This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach...

ETH/USD – Bulls Holding Strong Above .382 Fib SupportKey Support Levels: $1047, $1000, $952.Key Resistance Levels: $1100, $1165, $1200.Last week, Ethereum was climbing higher as it surged into the $1350 resistance (1.272 Fib Extension). More specifically, it struggled to close a daily candle above resistance at $1276 (bearish .886 Fib Retracement) and started to roll over from here at the weekend.On Monday, the sudden Bitcoin price plummet caused ETH to spike as low as $930. Luckily, the...

ETH/USD – Ethereum Continues To Set Multi-Year HighsKey Support Levels: $1275, $1200, $1165.Key Resistance Levels: $1350, $1390, $1425.This past week, Etheruem surged higher from $800 to reach the resistance at $1275 on Friday, provided by a bearish .886 Fib Retracement. It stalled here for a couple of days as it traded along with the support of $1165 (.236 Fib Retracement).Today, Ethereum managed to push above the resistance at $1275 to climb higher towards $1350 (current daily high and...