Tag Archives: ETH Analysis

ETH/USD – Ethereum Returns To June 2018 Price LevelsKey Support Levels: $550, $521, $500.Key Resistance Levels: $580, $600, $620.Ethereum broke the $500 level for the first time in 2020 last Friday as it surged into the $511 resistance. Yesterday, the bulls continued to drive ETH even higher as they closed the day slightly above the $548 resistance (bearish .618 Fib Retracement).Today, after a retest of the same $511 resistance turned support level, the bulls penetrated $550 to reach as high...

BitcoinBitcoin went through another powerful 15% price surge this week, which saw the cryptocurrency climbing over $18,000 and reaching as high as $18,800. It was trading at $16,400 last Friday, and it struggled to break this resistance over the weekend.This change on Monday, when Bitcoin started to surge higher. It quickly managed to push above $17,000 and break the resistance at the 2018 High at $17,186. The bull run continued higher throughout the week until resistance was found at around...

ETH/USD – Ethereum Rejected By Rising Price Channel Upper Boundary Key Support Levels: $465, $447, $439.Key Resistance Levels: $490, $500, $511 On Monday, Ethereum found support at the $447 level, which allowed the coin to rebound higher. From there, it pushed higher to break $475 (September high-day close) and reach the resistance at the upper boundary of the 3-month-old rising price channel. Today, Ethereum spiked above this price channel to reach as high as $395. However,...

ETH/USD – Ethereum Stalled By September High-Day Closing Price Key Support Levels: $445, $439, $430.Key Resistance Levels: $462.50, $475, $490. Etheruem reached as high as $475 last Friday, where it hit the resistance at the September high-day close. From there, it headed lower over the weekend, which was largely due to Bitcoin dropping back beneath the $16,000 level and some divergence playing out that we highlighted in the last analysis. As a result, Ethereum fell as low as...

ETH/USD – Ethereum Stalled By September High-Day Closing Price Key Support Levels: $445, $439, $430.Key Resistance Levels: $475, $490, $500. Ethereum managed to surge higher from the resistance at $462.50 (bearish .886 Fib) yesterday as it pushed into the $475 resistance provided by the September High-Day closing price. Unfortunately, the coin was unable to continue further above $475 and has since dropped to the $460 level. Despite today’s healthy price drop, Ethereum is...

Bitcoin Bitcoin saw another 4% price hike this week, which had it breaking above the $16,000 level to reach as high as $16,491 today. The coin has since dropped slightly to trade at $16,135 at the time of writing. Last week, the coin had surged into the $16,000 level, which caused it to roll over and drop into the $14,850 support last Saturday. Bitcoin managed to rebound higher from there as it started to climb on Sunday. The coin did not return to $16,000 until Wednesday,...

ETH/USD – Ethereum Stalls At Price Channel Upper Border Key Support Levels: $456, $438, $430.Key Resistance Levels: $475, $490, $500. Yesterday, Ethereum managed to create a fresh high for November (and a new 2-month high) as it spiked into the $475 resistance (September high-day closing price). Before this, it was struggling to close above $456 for the past five days of trading. Unfortunately, ETH ran into the upper border of a rising price channel and struggled to break...

ETH/USD – Ethereum Struggles To Break Above $456 Resistance Key Support Levels: $438, $430, $421.Key Resistance Levels: $456, $462.50, $475 Last Friday, Ethereum surged to $456 where it met the resistance at the upper boundary of a rising price channel. It failed to close a daily candle above this level as it moved sideways between $456 and $435 over the weekend. Yesterday, Ethereum failed to close the daily candle above $456. The coin found support today at the $438 level...

ETH/USD – Ethereum Forms Rising Price Channel Key Support Levels:$438, $430, $421.Key Resistance Levels: $445, $462, $475. Last week, Ethereum surged from a low of $380 to break above $400 and reach as high as $470 yesterday. Unfortunately, the buyers met resistance at the upper boundary of a rising price channel that spans over the last two months and fell lower from here yesterday. During the drop, Ethereum found support at $425 and rebounded higher to reach $445 today...

Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the election started in the US, BTC started to surge. Initially, it found resistance at $14,190 but this was penetrated yesterday as Bitcoin surged all...