Tag Archives: Ethereum (ETH) Price

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...

The last day was particularly tumultuous throughout the entire cryptocurrency market and bears clearly had the upper hand. While an argument can be made that this is a correction that (so far) failed to damage the long-term market structure, it’s a fact that BTC’s price saw its worst day of trading since September 7th. Bitcoin Price Tumbled Below $54K Yesterday, bears took full control over the market, and this resulted in the worst daily candle Bitcoin’s had since September...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

Key Support levels: $4,000, $4,350 Key Resistance levels: $4868 (ATH)  ETH gave some strong signals yesterday that it was turning bullish, particularly on the Bitcoin pair. Today, it has broken above the $4,350 resistance. If this momentum continues, ETH can enter a new rally that can take it back to the all-time high at $4,868 and beyond. Chart by TradingViewTechnical Indicators Trading Volume: The break above the key resistance at $4,350 took place on low volume, and this...

Key Support levels: $4,000 | 0.070 BTC Key Resistance levels: $4,350, $4868 (ATH) | 0.080 BTC ETH’s price is currently consolidating between the support at $4,000 and the resistance at $4,350. However, on the Bitcoin pair, ETH looks much more interesting as it has just hit a 2-month high (0.076 BTC) and appears ready to break above a key resistance spanning all the way back to 2018. If ETH can do this successfully, it may outperform Bitcoin in the near future. Chart by...

Ethereum’s price dropped under $4,000 for a brief period on Thursday before heavily recovering. However, the danger is not over yet, as ETH needs to break above critical key resistance. Key Support levels: $4,000 – $3,850 Key Resistance levels: $4,350 – $4868 (ATH) – $5,075 ETH’s price is currently hovering around the key resistance of $4,350, the level that ETH was unable to close above over the past five days. If failing to do so, ETH is likely to see another drop to retest...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

The cryptocurrency market continues to decline as Bitcoin’s price dipped below $57K, while Ethereum reached as low as $3,950 on Binance. This left around $120 million liquidated in just an hour. The bitcoin price is now down 5% in the past 24 hours and 12% in the past week as it dipped below $57K moments ago. This is the lowest BTC has been trading at since October 28th. Chart by TradingViewIn the meantime, Ethereum’s price also took a beating as it dipped below $4K and...

Ethereum (ETH) had recently dropped below an ascending wedge formation, as shown in blue on the following chart, and since then lost its short-term bullish momentum. ETH is now facing crucial support level as described below. Key Support levels: $4,354, $4K Key Resistance levels: $4,689; $5,075 Over the past week, amid a new ATH for ETH, the bulls were unable to push the coin above the coveted $5,000 mark. The current ATH lies at $4,878 (recorded on Wednesday). Since then,...

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that...