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Tag Archives: ETH Analysis

Ethereum Price Analysis: ETH Forms a Bearish Divergence, is a Short-Term Correction Coming?

ETH/USD – Ether Bearish Divergence Continues At $3300 Key Support Levels: $3150, $3035, $3000.Key Resistance Levels: $3350, $3400, $3540. Ethereum saw some positive price developments toward the end of last week as it surged above the previous $3150 resistance on Friday. It continued to climb as high as $3330 over the weekend but could not break above it. Yesterday, ETH dipped as low as $3100 but quickly rebounded to heads back toward $3300 when the candle closed....

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Crypto Price Analysis & Overview August 13th: Bitcoin, Ethereum, Ripple, Cardano, & Binance Coin.

Bitcoin Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern. Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750. It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and...

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Ethereum Price Analysis: ETH Forming Bearish Divergence, Will $3K Support Hold?

ETH/USD – Ether Shows Sings Of Bearish Divergence At $3160 Resistance. Key Support Levels: $3000, $2890, $2680.Key Resistance Levels: $3160, $3200, $3350. Since bouncing from $1710 on July 20th, Etheruem has surged by a solid 90% to reach as high as $3170. The coin initially moved inside an ascending price channel but eventually broke toward the upside over the weekend. After that, ETH pushed higher to meet resistance at $3160. Since then, it struggled to produce a daily...

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Ethereum Price Analysis: ETH Holds $3,000 Following 22% Weekly Gains, Here Are Next Possible Targets

ETH/USD – Ether Turns Parabolic Above Price Channel. Key Support Levels: $3000, $2890, $2800.Key Resistance Levels: $3150, $3200, $3350. Ethereum has been climbing aggressively ever since rebounding from the June support at $1710 in the final half of July. Since then, ETH surged by a total of around 80% to reach the current $3110 level. Throughout the majority of this surge, ETH was trading inside an ascending price channel. It broke toward the upside over the weekend as it...

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Crypto Price Analysis & Overview August 6th: Bitcoin, Ethereum, Ripple, Polkadot, & Chainlink

Bitcoin Bitcoin surged 8% today as it reclaims $40K but is just up 2% on the week. Last Friday, Bitcoin was trading inside an ascending price channel as it breached the January 2021 high at $42,000 to reach as high as $42,400 over the weekend. From there, BTC rolled over and broke beneath the ascending price channel on Monday. It then traded downward inside a descending wedge formation – best seen on the 4-hour chart. This wedge saw the price of BTC being driven lower until...

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Ethereum Price Analysis: ETH Holds $2450 Support Ahead Of Major Network Upgrade

ETH/USD – Ether Falls Below Price Chanel But Finds .236 Fib Support Key Support Levels: $2460, $2400, $2320.Key Resistance Levels: $2550, $2640, $2700. Ethereum surged higher over the past fortnight inside the confines of an ascending price channel. This price channel allowed it to reach as high as $2700 this week. Unfortunately, ETH pulled back slightly from this high and fell beneath the price channel today. After breaking the lower angle of the price channel and the...

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Ethereum Price Analysis: ETH Breaks Out of Consolidation Against Bitcoin, What’s Next?

ETH/USD – Ether Hits $2600 After Breaking 100-day MA Key Support Levels: $2545, $2400, $2320.Key Resistance Levels: $2725, $2890, $3000. Etheruem saw an incredible 18% surge this week as it climbs inside the confines of an ascending price channel. The cryptocurrency broke above a descending trend line toward the end of last week and pushed above the 100-day MA level yesterday to hit $2600 today. ETH did surge as high as $2700 yesterday, allowing the coin to set a new high not...

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Crypto Price Analysis & Overview July 30th: Bitcoin, Ethereum, Ripple, Binance Coin, and Solana

Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level for the first time since May and continued to hit the $40k resistance. It did spike above $40K, reaching $40,500 (bearish .382 Fib) but...

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Ethereum Price Analysis: ETH Faces Critical Resistance, Charts New July Low Against Bitcoin

ETH/USD – Ether Struggles WIth July Resistance @ $2340 Key Support Levels: $2250, $2150 – $2130, $2070.Key Resistance Levels: $2340, $2400, $2530. Ethereum is surging on the back of BTC rising almost 30% this week. The cryptocurrency managed to break the 50-day MA over the weekend and continued higher from hitting resistance at a descending trend line on Monday. Since then, ETH has struggled to break resistance at around $2340, provided by a bearish .236 Fib Retracement...

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Ethereum Price Analysis: ETH Now Facing Huge Resistance After 12% Weekly Increase

ETH/USD – Can ETH Break the 50-day MA Resistance Key Support Levels: $2100, $2035 – $2000, $1960. Key Resistance Levels: $2165, $2200, $2250. Ethereum rebounded from support at $1710 (June lows) earlier this week, as it quickly surged back above $2000 on Wednesday. It then continued to surpass the 20-day moving average (MA) line and the 200-day MA, on Friday, along with breaking above a descending trend line that dates back to the start of June. Yesterday, ETH managed to...

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