Tag Archives: ETH Analysis

Ethereum’s price has recently broken below the 100-day moving average, resulting in a decline toward the significant support region of around $1.7K. It is crucial to closely monitor the price action in this important area as it may provide a clear indication of the next movement of ETH’s price. Ethereum Price Technical Analysis By Shayan The Daily Chart Ethereum had been struggling to breach the 100-day moving average for a prolonged period but has finally broken below it on...

Ethereum’s price finds itself tightly confined within a narrow range, hemmed in by the upper boundary of the descending flag and the 100-day moving average. However, this narrow range is on the verge of being breached, indicating an imminent direction for its next move. Technical Analysis By Shayan The Daily Chart Zooming in on the daily chart, Ethereum has been struggling with the 100-day moving average for an extended period, failing to break below it. Presently, the price...

Ethereum has been consolidating within a narrow price range, tightly bound by the upper limit of the descending flag pattern and the 100-day moving average. However, a breakout is imminent and will determine the subsequent direction of the cryptocurrency. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Ethereum demonstrated a period of stable price action around the $1790 mark, near the 100-day moving average, before gaining support and embarking on an...

Ethereum has recently flashed a bullish signal by finding support at the 100-day moving average of $1791 and experienced a spike in its price. Also, it has now encountered a crucial resistance level, and surpassing it would likely trigger another surge. Technical Analysis By Shayan The Daily Chart Ethereum had a period of steady price action around the 100-day moving average of $1790 before finding support and proceeding upward. However, during the recent consolidation...

This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week. This consolidation under the key resistance is unlikely to last, and bulls appear eager to break away. On Tuesday, buyers briefly took the price over the key level, but sellers were quick to reverse the price action...

Ethereum has been struggling with the 100-day moving average, which stands at $1772, for an extended period. However, the price action at this crucial level has not yet clearly indicated any upcoming direction. A breakout, on the other hand, has the potential to trigger an immediate cascade. Technical Analysis By Shayan The Daily Chart Following a short-term consolidation phase, the price experienced a decline toward the 100-day moving average of $1.7K. The recent PA of...

Ethereum’s price has been trapped in a tight range recently, showing little intent to move significantly to either side. However, changes could be expected shortly. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been oscillating between the 50-day moving average located around the $1900 mark and the $1800 static support level, during the past 7 days. From a classical PA point of view, the market is likely to reach lower levels, as it has...

Ethereum’s price has reached the crucial level of the 100-day moving average at $1760. The PA at this significant support region should be closely monitored, as a breakdown will potentially lead to a massive cascade. Technical Analysis By Shayan The Daily Chart After a short-term consolidation phase, the price experienced a decline and reached the 100-day moving average of $1.7K. Although Ethereum’s recent PA has not shown a clear direction, it initiated a slight uptrend...

This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Dogecoin. Ethereum (ETH) With the market in the red, Ethereum has fallen by 7.4% this week. In the process, the key level at $1,800 has turned into a resistance. This highlights a major change in the structure and puts bears in control of the price action. The momentum has turned bearish, and a test of the key support at $1,660 appears likely in the coming week. This becomes increasingly so if Bitcoin...

Ethereum’s price has been making corrections following the rally over the last few months. However, there are plenty of support levels that could hold the price in the short term. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, the price has been on the decline over a period of several weeks after failing to reach the $2200 resistance level. The 50-day moving average is currently holding the market around the $1900 level, with $1800 also providing...