Archive | ethereum trade analysis

Ethereum Price Technical Analysis – ETH/USD Testing Important Support

Key Highlights ETH price is currently testing an important support near $278-276 against the US Dollar. There is a new declining channel pattern with support near $276 forming on the hourly chart of ETH/USD (data feed via SimpleFX). There is also a bullish trend line with support around $276, which points importance of the mentioned […]

Ethereum Price Technical Analysis – ETH/USD Broke Key Support?

Key Highlights ETH price was not able to move above the $298 level against the US Dollar and traded lower. Yesterday’s highlighted contracting triangle pattern with support at $282 on the hourly chart of ETH/USD (data feed via SimpleFX) was breached. If the recent downside break is real, the price might trade towards the $268-270 […]

Ethereum Price Technical Analysis – ETH/USD Forming Breakout Pattern

Key Highlights ETH price climbed higher and traded close to the $300 level against the US Dollar. There is a new contracting triangle pattern with support at $278 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The price remains elevated as long as it stays above the $278-270 support area in the […]

Ethereum Price Weekly Analysis – ETH/USD Upsides Capped

Key Highlights ETH price after trading as low as $199.74 against the US Dollar found support and recovered above $250. There are two bearish trend lines waiting on the upside at $274-280 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to correct lower once again towards $230 before making […]

Ethereum Price Technical Analysis – ETH/USD Completed Correction

Key Highlights ETH price after correcting towards $315 against the US Dollar faced resistance and started declining once again. There was a break below a bullish trend line with support at $297 on the hourly chart of ETH/USD (data feed via SimpleFX). The price has breached the last swing low of $281, which is a […]

Ethereum Price Technical Analysis – ETH/USD To Surge Higher?

Key Highlights ETH price is slowly moving higher and currently trading near $301 against the US Dollar. There are two bearish trend lines with resistance near $303 forming on the hourly chart of ETH/USD (data feed via SimpleFX). A break and close above $303 could take the price towards the next resistance near $318.50. Ethereum […]

Ethereum Price Weekly Analysis – ETH/USD Under Pressure

Key Highlights ETH price fell from the $393.56 high and currently remains under pressure against the US Dollar. There is a major contracting triangle pattern with resistance at $320.00 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to break the $296 level and extend declines in the near […]

Ethereum Price Technical Analysis – ETH/USD Consolidating above 100 SMA

Key Highlights ETH price is currently consolidating in a range above the $324.00 level against the US Dollar. There is a short-term contracting triangle pattern with resistance near $335.50 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to consolidate above the $324 level before making the next move. […]

Ethereum Price Technical Analysis – ETH/USD Short-term Correction

Key Highlights ETH price after trading as high as $339.98 faced sellers against the US Dollar and started correcting lower. There was a break below an ascending channel with support at $333 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to decline and it is most likely to retest […]

Ethereum Price Technical Analysis – ETH/USD Breaks Key Hurdle

Key Highlights ETH price after yesterday’s decline towards $274 against the US Dollar found support and recovered. There was a break above two bearish trend lines with resistance at $298 and $320 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to trade higher towards $340, but it has to […]

Ethereum Price Technical Analysis – ETH/USD Under Pressure

Key Highlights ETH price fell hard and traded below the $300 handle against the US Dollar. There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might correct higher, but likely to face sellers near $300, $320 and $330. Ethereum price made […]

Ethereum Price Technical Analysis – ETH/USD Consolidating Losses

Key Highlights ETH price after trading towards the $400 handle failed and declined against the US Dollar. There is a breakout pattern forming with resistance near $350.00 on the hourly chart of ETH/USD (data feed via SimpleFX). There is a chance that the price could break $350 as long as it stays above the $335 […]

Ethereum Price Weekly Analysis – ETH/USD Still in Uptrend?

Key Highlights ETH price declined sharply from the $395.56 swing high against the US Dollar. There is a monster bullish trend line with support at $325 on the 4-hours chart of ETH/USD (data feed via SimpleFX) that held the downside. The pair is currently recovering, but remains under pressure below $360 in the near term. […]

Ethereum Price Technical Analysis – ETH/USD To Test $403?

Key Highlights ETH price is gaining bids and moved above the last high of $389.24 against the US Dollar. This week’s crucial bullish trend line with current support at $388 on the hourly chart of ETH/USD (data feed via SimpleFX) is acting as a strong buy zone. The pair is likely to trade higher and […]

Ethereum Price Technical Analysis – ETH/USD To Extend Gains

Key Highlights ETH price traded further higher and tested the $389-390 levels against the US Dollar. Yesterday’s highlighted a major bullish trend line with current support at $375 on the hourly chart of ETH/USD (data feed via SimpleFX) is still intact. The pair might trade in a tiny range above $370 before making the next […]