Tag Archives: ETH Analysis

Bitcoin Bitcoin saw a very strong 13% price increase over the past seven days which allowed it to break above the $13,000 handle. At the start of October, Bitcoin managed to penetrate above a symmetrical triangle pattern which was the first sign that a bull run was about to form. After the breakout, it managed to push as high as $11,600 before stalling. Last Friday, Bitcoin was trading at around $11,200 as it rebounded and started to push higher. It quickly reached the...

ETH/USD – Bulls Rebound From 2019 Highs. Key Support Levels: $364, $355, $345.Key Resistance Levels: $396, $400, $410. Over the past week, Ethereum was struggling to break above a very short-term falling trend line. The coin dropped into the support at the 2019 Highs around $364 yesterday which allowed it to rebound higher today. After rebounding, ETH went on to break above resistance at $375. ETH/USD Daily Chart. Source: TradingViewETH-USD Short Term Price Prediction Looking...

Bitcoin Bitcoin saw a 4.3% price surge over the past seven days. The cryptocurrency was trading slightly above $11,000 last Friday as it started to push higher. Throughout the week, it managed to spike as high as $11,730 (1.414 Fib extension) but was never able to close a daily candle above resistance at $11,537 (provided by a 1.272 Fib Extension). Today, with the announcement that OKEx had halted their withdrawals, BTC took a tumble. It spiked into the support at $11,200 –...

ETH/USD – Bulls Spike Into Bearish .5 Fib Retracement. Key Support Levels: $376, $364, $356.Key Resistance Levels: $396, $400, $410. Ethereum has been on a bullish footing since breaking out of the consolidation phase last week. Over the past seven days, Ethereum managed to rise by a total of 12% to reach the current level. It had surged higher at the start of this week as it reached as high as $396, where it ran into resistance at a bearish .5 Fib Retracement level. It has...

ETH/USD – Bulls Continue Further On The Road To $400.Key Support Levels: $378, $364, $350.Key Resistance Levels:$392, $400, $410.Last week, Ethereum broke above a symmetrical triangle consolidation pattern and started to push higher over the weekend. It managed to climb above the 2019 high at $364 as it ran into resistance at a bearish .382 Fib Retracement at around $378 yesterday.Today, Ethereum continued to surge higher by a total of 5%. This allowed the coin to break above the $378...

BitcoinBitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday.BTC was trading at the 100-days EMA last Friday as it rebounded from here and started to push higher. On Monday, the coin reached the upper boundary of the triangle and was rejected. This caused it to head toward the lower boundary on...

ETH/USD – Short-Term Consolidation ContinuesKey Support Levels: $336, $324, $317.Key Resistance Levels: $342, $365, $378Ethereum has been trapped in a short-term symmetrical triangle pattern since mid-September. The coin failed to break above the upper boundary on Tuesday as it headed lower into the 100-days EMA. The support there has held over the past two days after ETH rebounded from the lower boundary of the triangle.The coin is now quickly approaching the apex of this consolidation –...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

Ethereum fell by a precipitous 10% today as it slips to $336. The cryptocurrency failed to surpass the $390 resistance last week and fell today as BTC dropped by 3%. Against Bitcoin, ETH also fell by 5.3% as it penetrated beneath the crucial support at 0.0329 BTC to trade at 0.032 BTC. ETH/USD – Etheruem Bears Return Market To September Support Key Support Levels: $336, $325, $306.Key Resistance Levels: $364, $380, $390. Ethereum fell by a steep 10% today as it dropped...

Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement)...