Tag Archives: ETH Analysis

ETH’s price has been on the rise since rebounding from the $1000 area and has broken through multiple significant resistance levels. However, the cryptocurrency is currently demonstrating a lack of momentum, hinting at a potential correction in the short term. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been holding above the broken symmetrical triangle after breaking it to the upside. However, the $1800 resistance area is yet to be...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Litecoin. Ethereum (ETH) Ethereum decided to range this week and booked a slight loss of 1.4%. This flat trend could not muster the energy to hold the price above $1,800, which is the current key resistance. The support is at $1,700, and bulls have done a good job defending this level to date. Therefore, any pullback should find buyers here if the price falls again. Looking ahead, ETH has lost some of...

Ethereum’s overall outlook is bullish, but the price is currently facing significant resistance and struggling to surpass it. Considering the recent action, a short-term rejection is possible before the next trend. By Shayan The Daily Chart Ethereum bulls are having trouble pushing the price above the significant resistance region of $1.8K. After reaching this crucial range, Ethereum started consolidating with no clear direction, resulting in dull price action. This...

Ethereum’s price has been consolidating over the past week as the price is struggling to break above a key resistance area. Did ETH mark a local top? Technical Analysis By: Edris The Daily Chart: On the daily time frame, ETH’s price has broken above the symmetrical triangle pattern lately and above the 50-day moving average line (around the $1600 mark). However, ETH is trading inside a very tight range above the broken triangle and has yet to break with confidence above the...

Ethereum’s price is showing a very bullish signal right now, with a couple of key resistance levels getting broken to the upside. If the breakout is valid, things could look much better for the crypto market in the coming months. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been rallying since a sharp rebound from the 200-day moving average around the $1400 mark. It has climbed above the 50-day moving average located around the $1600 level,...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum (ETH) This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. This spectacular rally allowed it to break above the key resistance at $1,660, which has now turned into support. With the uptrend in full swing, this cryptocurrency can reach $2,000, which is a key...

The cryptocurrency market experienced another bullish rally after a short-term price decline. Ethereum was no exception as the price surged, forming a new swing high and currently facing a significant resistance region. Technical Analysis By Shayan The Daily Chart After a short-term decline toward the broken triangle pattern and the 200-day moving average, Ethereum found support and initiated a bullish rally, completing the pullback to the broken level. After printing three...

Despite the ongoing bearish sentiment among market participants following the recent turmoil of SVB bank and its effect on USDC, Ethereum’s price has found substantial support amid the $1450 price range. The upcoming days will be crucial to see whether ETH can hold the critical level or continue its negative sentiment. Technical Analysis By Shayan The Daily Chart After breaking above the upper trend-line of the symmetrical triangle and consolidating for an extended period,...

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon. Ethereum (ETH) The overall market has turned red, and ETH’s price has lost 15% in the past week. With support broken to the downside, Ethereum is struggling to find its footing and could go to $1,300, where the next key support is found. The news that Ethereum could be considered a security is another blow that may intensify the current bearish momentum. As the pressure is building up,...

Ethereum’s price action has been very choppy in recent weeks after facing rejection from a significant resistance. However, there are multiple levels that could provide support and hold the price in the event of a deeper pullback. Technical Analysis By: Edris The Daily Chart On the daily chart, the price was rejected from the $1800 level and the higher boundary of the large symmetrical triangle pattern earlier in February. It has since broken below the 50-day moving average,...