Tag Archives: Ethereum (ETH) Price

Ripple is currently in a correction following the recent positive price action. At the time of writing, XRP has lost around 17% of its value in the last ten days after failing to break above a long-lasting resistance level. Technical Analysis By Grizzly The Daily Chart XRP began its decline after failing to break through the overhead resistance zone at $0.5-$0.55 (in red) in two separate attempts. As a result, the bullish momentum faded, leading the pair into a symmetrical...

Over the course of the last month, Ethereum has adopted a sinusoidal pattern. Sellers defended the $1,400, while buyers were protecting $1,200 strongly. After reaching a peak at $2030 on August 23, the overall structure remains negative. Technical Analysis By Grizzly The Daily Chart The price is moving in a narrow range on the daily chart against the US dollar, resulting in minimal change in the overall trend. Furthermore, on a larger scale, the pair is clearly declining in a...

After a lengthy period of defending the $1200, Ethereum momentarily fell below this level, followed by a quick recovery to $1,343. This price action highlights the significance of demand below the $1200 support level. Technical Analysis By Grizzly The Daily Chart: At the time of writing, the market has recovered from the volatility caused by the recently announced CPI numbers for September. Ethereum has returned to the 200-week moving average (in white). Considering the 61.8%...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

Up until now, ETH has managed to remain above $1,200 despite the increased selling pressure, but the price clearly shows that the downward trend is weakening after the Merge. However, this doesn’t mean that bullish momentum is underway. Technical Analysis By Grizzly The Daily Chart ETH was supported by the ascending line (in green) again, and increased investor confidence prevented the price from closing below it. The chart currently shows no notable signs of bullish momentum...

Yesterday, Ethereum closed its third consecutive weekly red candle. A candlestick with a long upper wick indicates that increased selling pressure continues. In the last two weeks, the price has been trapped between two significant levels, and breaking out of this zone would likely determine the direction forward. Technical Analysis By Grizzly The Daily Chart The descending line on the daily chart highlights the creation of lower lows (in yellow). This structure is bearish....

The cryptocurrency markets are experiencing a period of stagnation. Meanwhile, ETH has been trading inside a tight range for the last seven days. Technical Analysis By Grizzly The Daily Chart On the daily chart, we can see two descending lines since ETH had reached its all-time high, and right now, ETH is retesting the lower line (green), along with the 200-week moving average (in yellow). From the bearish side, if the green support line doesn’t hold and the selling pressure...

Despite a 7% spike for Ethereum in the last 48 hours, followed by a steep decline, the possibility of a bullish rally remains low. The price has yet to recover from the major drops that took place in September. The first step towards bullish sentiment would be to reclaim the critical level of $1,550. Technical Analysis By Grizzly The Daily Chart As seen below, an ascending triangle pattern (in yellow) has developed on the ETH/USDT trading pair chart. This pattern is textbook...

Following the last red days, ETH has hit the support area between the white descending line and the price range at $1,220-$1,280 (in green). So far, the bulls have successfully maintained the high selling pressure; however, the situation is still fragile. Looking at the bullish case, ETH must close above the key resistance at $1,420 (in red). The first target of such a movement can be considered at $1650. However, the danger is still here, and if the support range at $1220...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile. The resistance is not far away at $1,400, and bears will likely come in strong if the price...