Tag Archives: Ethereum (ETH) Price

Bitcoin fell back to $22,000 on Thursday shortly after the Securities and Exchange Commission (SEC) laid charges against Kraken for the unregistered offering of its staking services.  Kraken agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties, without admitting to or denying any wrongdoing.  According to the SEC’s press release, by letting users hand over their cryptocurrency in exchange for a promised return, Kraken’s...

Ethereum’s uptrend has been halted after reaching the major resistance at $1.7K. The price action seems choppy, while a short-term correction is what many expect. Technical Analysis By Shayan The Daily Chart Ethereum has surpassed the 200-day moving average and the multi-month channel’s upper trendline due to the recent bullish move of the whole market. However, the price declined from the major resistance level of $1.7K and is now consolidating beneath it. On the other hand,...

As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable scenario. In this case, the $1800 resistance level and the higher boundary of the large symmetrical triangle could finally be tested in...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This...

The year started on a bullish note which aided the world’s largest altcoin to sprint towards its pre-FTX market cap levels. Days after struggling to overcome $1,600, Ethereum finally climbed past the resistance level on Tuesday amidst a broader market rally. Even as certain group of investors looking to pocket quick gains began offloading the token, this has not affected the growing appeal of the network. Ethereum Ownership According to the latest data by IntoTheBlock, there...

Ethereum’s price has been on the rise for quite a while now after breaking above the $1300 resistance level. While the positive trend remains on higher timeframes, some signs are suggesting that at least a short-term correction is quite probable. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is constantly climbing higher and could reach the $1800 level soon. However, a short-term pullback seems imminent as the RSI indicator has been in...

ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues to work its magic on asset valuations across the board. The S&P 500 Index and NASDAQ Composite have continued their new...

Ethereum’s price surge has seemingly halted after rallying over the past couple of weeks. With multiple key resistance levels broken, the market seems likely to enter a bullish phase. However, some warning signals are emerging. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has broken past the $1300 resistance level, and the 200-day moving average is around the $1400 mark. Yet, bullish momentum has been fading recently, making a bearish...

Ethereum’s price has printed a substantial increase and finally surpassed the channel’s upper boundary. In spite of this, the cryptocurrency is approaching a critical resistance zone, and if a breakout occurs, an impulsive uptrend would become more likely. Technical Analysis By Shayan The Daily Chart Ethereum’s price has experienced an uptrend since breaking above the 50 and 100-day moving average lines and has currently reached the $1.6K critical resistance zone. This price...

Bitcoin’s price has finally broken above a significant resistance level following yesterday’s CPI announcement. However, there is still one major obstacle that should be taken out for the price action to be considered bullish. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has finally broken above both the $18K resistance level and the higher boundary of the large falling wedge pattern. From a classical price action point of view, BTC could...