Ethereum Price Technical Analysis – ETH/USD Persistent Range

Ethereum Price Technical Analysis – ETH/USD Persistent Range

Key Highlights ETH price remained lifeless and was seen trading in a range above $12.50 against the US Dollar. There is a clear bearish trend line with resistance near $12.75-12.80 formed on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, the pair remains supported near $12.40, which is the range lower end. Ethereum price was seen trading in a range with resistance at $12.80 against the US Dollar. Let’s see what’s stopping the ETH/USD pair. Ethereum Price Range During the past two days, there was almost no action in ETH price against the US Dollar. The price was seen trading in a range with resistance near $12.75 and $12.80. After trading as high as $13.24, the price started a correction, and traded towards $12.40. The price found support,...

Ethereum Price Weekly Analysis – ETH/USD Eyeing Support

Ethereum Price Weekly Analysis – ETH/USD Eyeing Support

Key Highlights ETH price was seen gaining pace this past week and traded towards the $13.20 level against the US Dollar. There are two bullish trend lines formed on the daily chart (data feed via SimpleFX) of ETH/USD, which may act as a support on the downside near $12.00. On the upside, the $13.20 high is a resistance area just above the $13.00 handle. Ethereum price remains in an uptrend against the US Dollar, and at the moment it looks like the ETH/USD pair is eyeing test of the $12.00 support. Ethereum Price Trend Line Support This past week, we there was a rise towards $13.20 in Ethereum price against the US Dollar. Later, the price found sellers and started consolidating gains below $13.00. The price at the moment is trading in a range, and may trade lower...

Ethereum Price Technical Analysis – Can ETH/USD Break This?

Ethereum Price Technical Analysis – Can ETH/USD Break This?

Key Highlights ETH price is still below the $12.70-80 resistance area against the US Dollar. There is a bearish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX) with resistance at present at $12.70. On the downside, the $12.40 looks like a decent support, acting as a barrier for more declines. Ethereum price is struggling to clear the $12.70-80 resistance against the US Dollar. Let’s see if ETH/USD can break it or not? Ethereum Price Resistance Yesterday, we saw a contracting triangle pattern with support at $12.50 in ETH price against the US Dollar. The stated support area still holds, but it looks like the price is struggling to clear the $12.70-80 resistance area. On the downside, the 38.2% Fib retracement level of the last wave from...

Ethereum Price Technical Analysis – ETH/USD Consolidation Initiated

Ethereum Price Technical Analysis – ETH/USD Consolidation Initiated

Key Highlights ETH price after finding resistance near $13.22 against the US Dollar started a consolidation phase. It looks like a contracting triangle pattern is formed on the hourly chart of ETH/USD (data feed via SimpleFX) with support at $12.50. The pair might test the $12.50-40 support area before making an attempt to move higher once again. Ethereum price upside move stalled near $13.20 against the US Dollar, and the ETH/USD pair is now consolidating and preparing for the next move. Ethereum Price Breakout Pattern Yesterday’s upside move in ETH price came to a halt near $3.20 against the US Dollar. The price later started correcting lower and settled below the $13.00 level. There was already a break below the 23.6% Fib retracement level of the last wave...

Ethereum Price Technical Analysis – ETH/USD Defies Gravity

Ethereum Price Technical Analysis – ETH/USD Defies Gravity

Key Highlights ETH price busted higher against the US Dollar, and broke many important resistances like $11.20 and $12.00. At the moment, there is a connecting bullish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX) with support at $12.65. The pair may continue to remain in an uptrend since the bias has now changed to bullish. Ethereum price traded sharply higher against the US Dollar to trade above $12.50. ETH/USD now remains supported and could trade further higher. Ethereum Price Upside Momentum We saw there were tiny range moves in ETH price against the US Dollar with resistance near $11.20. However, the price was able to find strength later yesterday, and spiked higher above the $11.20 resistance. Once the range pattern was cleared,...