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Tag Archives: Ethereum (ETH) Price

Ethereum Price Analysis: ETH Eyes Next Critical Support After Reaching 6-Month Low

The Friday crash had driven ETH below $2,500, wicking at $2,300 – a price not seen since July 2021. Key Support levels: $2,300, $2,000. Key Resistance levels: $2,500, $2,750, 3,000 This week’s market carnage was not kind to ETH, which recorded a daily close below $3,000 for the first time since the end of September. Furthermore, ETH saw a low of $2,300 on Bitstamp, at the peak of the collapse. Since yesterday, ETH was able to rebound till encountering the $2,500 support...

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Bitcoin Loses $40K, Ethereum Below $3K: This Red Week’s Crypto Recap

To say that the past seven days were bad in the cryptocurrency market would be kind of an understatement. Most of the coins are down by solid double digits as the total capitalization lost around $250 billion and fell below $2 trillion. Let’s start with Bitcoin. The cryptocurrency was behaving relatively well throughout most of the week, and it even managed to reach above $43K earlier on Thursday, attempting to conquer the resistance above that – at $44K. On Friday, though,...

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Ethereum Price Analysis: ETH’s Sideways Chop at $3.3K Continues as Market Remains Indecisive

Key Support levels: $3,000, $2,750 Key Resistance levels: $3,600, $4,000 ETH has been in a flat trend around the $3,300 level for some time now, unable to rally or go much lower. A strange equilibrium between market forces has kept the cryptocurrency at this level for the past week. The support at $3,000 has not been retested, nor was the resistance at $3,600 put under any pressure. The result is a sideways price action that shows indecision. Chart by TradingViewTechnical...

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Ethereum Price Analysis: ETH Consolidates but Bullish Signs Appear, Breakout Soon?

ETH has been hovering around $3,300 for a few days, unable to move beyond this key level. However, there are several bullish signals that can break this impasse. Key Support levels: $3,000, $2,750 Key Resistance levels: $3,600, $4,000 ETH is consolidating and so far was unable to move higher towards the key resistance at $3,600. The weekend is unlikely to help the cryptocurrency as volume is usually low. ETH has good support at $3,000, and there are several signals that we...

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Ethereum Price Analysis: Following The Dip Below $3K, Did ETH Find a Local Bottom?

Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 ETH’s downtrend is currently taking a break, with prices pausing just above $3,000. The sellers seem unable to push the cryptocurrency lower after the latest attempt yesterday briefly took the price to $2,926 (Bitstamp) before it recovered back above the key support. The resistance is found at $3,300 and appears quite far away at the time of this post. Before buyers have the confidence to put ETH on the...

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Ethereum Facing $3K Following Disaster Week: First Signs of Relief (ETH Price Analysis)

Just as the overall negative sentiment of the crypto markets, ETH had a rough start of 2022, losing over 20% during the first week of the new year. Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 The past week saw a significant crypto crash where ETH went as low as $2,987 (Bitstamp) on Saturday before recovering above the $3K support level as of today. Last Wednesday, the market entered into a sustained selloff: so far, ETH saw four consecutive daily...

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Crypto Price Analysis Jan-7: Ethereum, Binance Coin, Cardano, Solana, and Luna

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

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Ethereum Price Analysis: ETH Decision Time is Approaching but Is $4K in Sight?

Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has been moving sideways within the falling wedge (marked blue on the following chart). The price is now closing in on the wedge upper border which is currently acting as resistance around the $3,800 level. If ETH gathers momentum here, then the bulls have a chance at a breakout. A failure will take the price back unto support at $3,600 or even $3,300 if the correction will continue. Chart by...

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Ethereum Price Analysis: ETH Trades inside a Wedge, This is the Next Key Level to Watch Amid Breakout

Over the past few days, ETH has been trading inside a descending wedge formation. The next significant price move will likely take place upon a breakout of the pattern. Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has managed to hold above the key support at $3,600. Since then, the price is heading towards the upper boundary of the descending wedge (marked blue on the following chart), which will likely act as resistance. As of now, this level...

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Crypto Price Analysis Dec-31: Ethereum, Cardano, Ripple, Solana, and Luna

This week, we take a closer look at Ethereum, Cardano, Ripple, Solana, and Luna. Ethereum (ETH) On Tuesday, Ethereum fell below $4,000 (level acting as resistance right now) after it could not sustain its rally from the previous week. The price made a lower low and closed the past seven days in red with an 8% loss. The current price action has formed a large descending wedge (in blue) which is a bullish formation as long as the price can manage to break above it after the...

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