Tag Archives: ETH Analysis

Ethereum’s price has been on the rise over the last few months, breaking through resistance levels one by one. Yet, the cryptocurrency might have reached a potential turning point. Technical Analysis By TradingRage Ethereum Price Analysis: The Daily Chart On the daily chart, the market has been acting very bullish since breaking the 200-day moving average to the upside. It has been making consistently higher highs and lows, with the Relative Strength Index showing values...

Ethereum’s price is currently finding it difficult to rally higher following weeks of aggressively bullish price action. Yet, there are still several support levels nearby that could keep the cryptocurrency from dropping lower. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is...

Ethereum’s price has encountered a significant obstacle at the critical $2.4K resistance, leading to an extended consolidation phase within this pivotal range. This situation and the bullish sentiment in the futures market have heightened expectations for a potential bullish breakout. By Shayan Ethereum Price Analysis: The Daily Chart A detailed examination of Ethereum’s daily chart reveals an ascending consolidation period, with the price approaching a substantial...

Ethereum’s price is encountering significant resistance around the pivotal $2.4K region, highlighting an ongoing struggle between buyers and sellers. Despite efforts, the price has been unable to surpass its previous swing high of $2403, leading to a slight pullback and the potential formation of a double-top pattern. By Shayan The Daily Chart After a period of sideways consolidation near the crucial $2.3K mark, the price surged with the aim of reclaiming its previous daily...

Ethereum’s recent surge in momentum encountered a significant obstacle upon reaching a pivotal resistance area, encompassing the upper boundary of a multi-month wedge and the static resistance at $2.4K. Despite this, the emergence of a head and shoulders pattern suggests an impending retracement towards the $2K support zone. By Shayan The Daily Chart Ethereum witnessed a robust uptrend, achieving an annual peak of $2.4K, underscoring the prevailing influence of buyers in the...

Ethereum’s price has seemingly struck a significant obstacle following weeks of aggressive rallying. Yet, a further bullish continuation cannot be ruled out yet, as there are several support levels available to overturn the trend. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the price has been rising consistently after a rebound from the $1,500 support zone. The large bullish flag has been broken to the upside, and the market has...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

After a consolidation period near the $1,500 mark, Ethereum buyers returned to the market, successfully reclaiming the $2K resistance region. However, following a notable surge, ETH has encountered a crucial price range, and it’s currently struggling to overcome it. Technical Analysis By GreatestTrader Over the past two months, Ethereum has enjoyed a positive trend, consistently moving upward. Accordingly, the increased buying pressure facilitated the surge above the...

Ethereum’s price has been blowing past several resistance levels recently. It is currently surging vertically, and the market participants are optimistic that a new bull market has begun. Technical Analysis By TradingRage The Daily Chart The daily chart shows that since the price broke above the 200-day moving average around the $1,800 level and the large bullish flag pattern, the market structure has shifted bullish once again. The $2,000 and $2,150 resistance levels have...

Technical Analysis By TradingRage Ethereum’s price has been on the rise for the past few months, breaking above several resistance levels. Yet, the market is currently consolidating around the $2,000 mark, failing to continue its bullish momentum. The Daily Chart On the daily timeframe, the price has been consolidating around the $2,000 level after getting rejected from the $2,150 area once earlier. Yet, the $2,150 level has rejected the price once again, and the market is...