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Tag Archives: Ethereum (ETH) Price

ETH Price Analysis: Ethereum Fights at $2.8K but Are Bears Preparing Another Assault?

Ethereum bulls are trying to keep the uptrend at a critical stage. For a solid reversal, they must try to hold the dynamic support and break above the descending resistance line. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears have been unable to push the price below the dynamic support (in green). This trend line is currently playing an essential role in continuing the uptrend. On the other hand, losing it can psychologically cause panic in...

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Ethereum Whales Show Sustained Accumulation, On-Chain Data Shows

Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about $3 million and $30 million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH...

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Ethereum Price Analysis: This is ETH’s Most Important Level to Watch This Week

April was a bloody month for crypto, and especially for Ethereum. The ETH price fell from its month’s highest level at $3580 to $2700 last night. Can we expect May to perform better? Technical Analysis Technical Analysis By Grizzly The Daily Chart The following chart shows perpetuals’ exchange data from FTX. ETH is trading on top of the marked long-term ascending line (in green). This trend line has provided support to the price since January 2021, based on the previous five...

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ETH Facing Huge Decision Which Will Affect Its Short-term Future (Ethereum Price Analysis)

Despite a slow down of the recent bearish momentum, the bears still seem to control the market. In other words, bulls are reluctant to push the ETH price higher. Technical Analysis Technical Analysis By Grizzly The Daily Chart ETH is trading above the most important Fibonacci Retracement level on the daily timeframe – the 0.618 level. Buyers have been defending this level for the past five days. However, the thick Ichimoku cloud has prevented ETH from breaking above the...

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Ethereum Price Analysis: Is ETH Primed for Recovery Following 8% Weekly Correction?

Yesterday, much like the stock markets, cryptocurrencies had rough times. Ethereum lost about 9% of its value, and the bears pushed the price toward the support at $2,800. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, Ethereum entered a correction phase after failing to break the barrier of Fibonacci Retracement at 0.618. It is currently forming a bullish pattern with the formation of higher highs and lows. However, the main question is whether the...

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ETH Price Analysis: Ethereum At 5-Week Low, Here is the Critical Level to Watch

The crypto market continues its sharp correction, in correspondence with the global markets. Ethereum lost about 10% of its value last week and has started the first day of the week in the red. Earlier today, ETH recorded its lowest level since March 18, a five-week low. Technical analysis by Grizzly The Daily Chart On the daily timeframe, the daily MA100 (marked blue), which has been supporting ETH for the past two weeks, eventually broke down. The price is currently on top...

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ETH Rejected At Critical Resistance, Where is the Next Support Below $3K? (Ethereum Price Analysis)

After another attempt, Ethereum still could not overcome the key resistance at $3200, and the bears quickly took control of the market. This correlates with the overall sentiment, as the DXY index continues to rise, and high-risk assets such as US stocks indices and Bitcoin are dropping. In addition, Gold has lost 3.5% of its value recently as a safe-haven asset. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, following the $3200...

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Ethereum Price Analysis: ETH Reclaims $3000, But Here is The Next Crucial Resistance Level

Ethereum started the week on the green side. After the bears pushed the price down to $2880 yesterday, the bulls entered the market and were able to close the daily candle in green, with a nice wick to the downside (bullish structure). It remains to be seen whether the bulls can take control of the market. Technical Analysis Technical analysis by Grizzly The Daily Chart ETH is trading within an ascending channel (marked yellow). The top of this channel is around $3800, and...

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ETH is Facing Critical Support at $3K: Huge Move Incoming? (Ethereum Price Analysis)

Following almost zero moves, Ethereum has been going through a period of low volatility over the past week. The price is amid the critical support at $3,000, and the bulls have so far successfully defended it. Technical Analysis Technical analysis by Grizzly The Daily Chart On the daily timeframe, the bulls have held the price above the support at $3,000. Buyer takers in this area have gained a little more power, and the volume delta has increased. Looking at the last few...

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ETH Lost 9% Weekly, Is the Bullish Move Over? (Ethereum Price Analysis)

Ethereum is about to end this week in the red. The bears were able to push the price down since nailing this week’s high at $3547. Currently, the daily MA-20 line acts as a solid support level, and the bulls struggle to hold it.  The Daily Chart Technical analysis by Grizzly On the daily timeframe, ETH dropped towards the daily MA20 (moving average) line after the bulls failed at the significant daily MA200. Now the big question is whether the uptrend is over? To answer this...

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