Ethereum Price Analysis: ETH/USD Struggling To Hold Gains Above $210

Key Highlights ETH price gained traction recently and rallied above $212 against the US Dollar. There are two connecting bullish trend lines formed with support at $206 and $204 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to stay above the $210 level and it could test the $204 support. Ethereum price is showing positive signs against the US Dollar and bitcoin. ETH/USD may correct lower in the short term towards $206 or $204. Ethereum Price Analysis There was a solid support base formed…

Ethereum Price Weekly Analysis: ETH/USD Sellers Defend Key Resistance

Key Highlights ETH price recovered a few points, but it faced a strong resistance near $202 against the US Dollar. There is an important bearish trend line in place with resistance at $200 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $200 and $202 resistance levels to move into a positive zone. Ethereum price is facing tough challenges versus the US Dollar and Bitcoin. ETH/USD may perhaps decline once again if it fails to move above $200-202. Ethereum Price Analysis This past week,…

Ethereum Price Analysis: ETH/USD Turned Bullish Above 100 SMA

Key Highlights ETH price traded further higher and broke the $198 resistance against the US Dollar. This week’s followed important bearish trend line was breached with resistance at $197 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip a few points, but it is likely to find support near $196 and the 100 hourly SMA. Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD may perhaps recover further towards the $203 resistance in the near term. Ethereum Price Analysis After dipping…

Ethereum Price Analysis: ETH/USD Rans Into Resistance and 100 SMA

Key Highlights ETH price recovered nicely and tested an important resistance near the $198.50 level against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $197 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $197 and $198 resistance levels to trade further higher in the near term. Ethereum price recovered a few points against the US Dollar and bitcoin. However, ETH/USD faced a strong resistance zone near the $198 level. Ethereum Price Analysis Recently, ETH price dipped sharply…

Ethereum Price Analysis: ETH/USD Sellers In Control Below $200

Key Highlights ETH price declined sharply and broke the important $197 support against the US Dollar. There was a break below a crucial contracting triangle with support at $199 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as low as $190 and it is currently correcting higher in the near term. Ethereum price declined sharply against the US Dollar and bitcoin. ETH/USD moved into a bearish zone below the $200 and $197 support levels. Ethereum Price Analysis After trading in a range for a few…

Ethereum Price Analysis: ETH/USD Attempting Upside Break

Key Highlights ETH price traded higher recently and tested the $203-204 resistance zone against the US Dollar. There is a major bearish trend line in place with resistance at $203 on the hourly chart of ETH/USD (data feed via Kraken). The pair could break the $203 and $204 resistance levels to climb higher in the near term. Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD must clear the $204 level to move further higher in the near term. Ethereum Price Analysis During the past few…

Ethereum Price Weekly Analysis: ETH/USD Facing Significant Hurdle

Key Highlights ETH price stayed above the $196-197 support area with positive moves against the US Dollar. There is a monster breakout pattern formed with resistance at $204 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $204 and $208 resistance levels to climb higher in the near term. Ethereum price is preparing for the next move versus the US Dollar and Bitcoin. ETH/USD could rise sharply higher once there is a break above $204 and $208. Ethereum Price Analysis This past week, there…

Ethereum Price Analysis: ETH/USD Poised For Continued Weakness

Key Highlights ETH price did not move higher above the $201 and $203 resistances against the US Dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a downside break below the $196-197 support. Ethereum price is under pressure against the US Dollar and bitcoin. ETH/USD must stay above $196 to avoid a downside break in the near term. Ethereum Price Analysis During the past few hours, there…

Ethereum Price Analysis: ETH/USD Extends Consolidation Near $200

Key Highlights ETH price failed to move above the $203 resistance and declined recently against the US Dollar. There is a new bearish trend line formed with resistance at $201 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on the downside near the $196 and $197 levels. Ethereum price declined towards the range low against the US Dollar and bitcoin. ETH/USD could drop further towards the $197 support level. Ethereum Price Analysis Yesterday, we saw a nice upside move above the $200 level in…

Ethereum Price Analysis: ETH/USD Extending Slides Below Key Support

Key Highlights ETH price failed to stay above the $202 support and declined recently against the US Dollar. Yesterday’s highlighted important bullish trend line was breached with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure below $202 and it could extend its slide in the near term. Ethereum price broke key support levels against the US Dollar and bitcoin. ETH/USD may decline in the short term towards $198 or $196. Ethereum Price Analysis Yesterday, we saw a short term…