Tag Archives: ETH Analysis

BitcoinBitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries.The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong support throughout the week and allowed the bulls to start to edge higher again. However, it is still trapped within the confines of the symmetrical triangle,...

ETH bulls penetrated above a symmetrical triangle pattern, as the price rose from $350 to over $370 as of writing these lines.Against Bitcoin, ETH rebounded from the 0.0329 BTC support to resistance at 0.0361 BTC, which is the current daily high.ETH/USD – Ethereum Penetrated Above The Symmetrical TriangleKey Support Levels: $364, $350, $340.Key Resistance Levels: $380, $400, $410.After finding support at the $324 level over the past week, Ethereum was forced into a short period of...

Ethereum dropped by a very sharp 30% this week as it plummets into the $335 level.The bulls are currently attempting to defend the 100-day EMA, but it looks likely to break with the increased bearish pressure.Against Bitcoin, ETH remains supported at the 0.0329 BTC level provided by a .5 Fib Retracement.ETH/USD: Ethereum Forms Short Term Symmetrical Triangle PatternKey Support Levels: $325, $300, $280.Key Resistance Levels: $355, $364, $380.Ethereum has been battling the $355 resistance level...

Ethereum recovered 15% today after dropping almost as low as $300 on Binance.The coin has been on a freefall in September but recently bounced from the .618 Fib Retracement.Against Bitcoin, ETH dropped as low as 0.0311 BTC but managed to close the daily candle above the 0.0329 BTC support (.5 Fib).ETH/USD: Etheruem Bulls Attempting To Stall FreefallKey Support Levels: $324, $300, $280.Key Resistance Levels: $355, $364, $380.Etheruem has been in a freefall since the start of September as it...

Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline.ETH has since recovered a bit and it currently trades at around $445.Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop.ETH/USD – Ethereum Rolls Over From $475 ResistanceKey Support Levels: $438, $427, $400.Key Resistance Levels: $475, $490, $500.Ethereum bounced from the support at $382 (downside 1.272 Fib Extension) toward the...

Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today.The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart.Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend.ETH/USD – Bulls Re-Test 2020 HighsKey Support Levels: $420, $408, $400.Key Resistance Levels: $438, $450, $463.Last week, Etheruem fell into the $380 support (downside 1.272 Fib Extension) and rebounded. At the time, it...

BitcoinBitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it.On Tuesday, Bitcoin plummeted by 6% from $11,770 to a low of $11,150 (.382 Fib Retracement). Luckily, the bulls pushed higher to close the daily candle above the $11,300 support (downside...

Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago.Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the market. Earlier today, ETH saw a pump and dump towards $400 around the Fed’s statement regarding the inflation.Key Support Levels: $382, $375, $364Key Resistance Levels: $400, $408, $438ETH/USD Daily...

Ethereum marked another failed attempt to overcome the $400 resistance. From there, the way to below $390 was quick.The cryptocurrency has been declining since ETH hit a 2-year High at $450 last week.Against Bitcoin, Ethereum attempted to break the 0.035 BTC resistance today but got was rejected and now facing a huge support zone.ETH/USD – Failure To Break Above $400Key Support Levels: $395, $380, $375Key Resistance Levels: $408, $420, $438Since hitting a 2-year high at $450 last week,...

Ethereum dropped by a total of 9% over the past week as it breaks beneath $400, currently marking $380 – $382 as a critical defensive wall before a further downside price action.Despite this price decline, Ethereum remains mid-term bullish within the August trading range of $438 and $363.Against Bitcoin, Ethereum penetrated beneath the March 2019 support as it trades at 0.0334 BTC.ETH/USD – The Fight to Reclaim $400Key Support Levels: $382, $375, $363, $340.Key Resistance Levels: $400, $408,...