Ethereum Price Analysis: ETH/USD Could Break Higher

Key Highlights ETH price is positioned nicely above the $438.00 and $435.00 support levels against the US Dollar. There is a key contracting triangle formed with resistance near $455 on the hourly chart of ETH/USD (data feed via Kraken). The pair may perhaps break the triangle resistance to trade further higher towards $480. Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to clear the $455 resistance to stage more gains in the near term. Ethereum Price Resistance Recently, there was a solid…

Ethereum Price Weekly Analysis: Can ETH/USD Break This?

Key Highlights ETH price managed to recover higher after forming a low near the $404 level against the US Dollar. There is a monster bearish trend line formed with resistance near $456 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to move above the $456 and $480 resistance levels to gain upside momentum. Ethereum price is facing a major resistance versus the US Dollar and Bitcoin. ETH/USD must clear the $456 hurdle to test the next hurdle at $480. Ethereum Price Upside Hurdles This past…

Ethereum Price Analysis: ETH/USD Could Decline Further

Key Highlights ETH price extended its decline and traded to a new weekly low at $415.54 against the US Dollar. There is a major bearish trend line forming with resistance near $435 on the hourly chart of ETH/USD (data feed via Kraken). The pair is in a bearish zone and it could extend its decline towards the $405-410 levels in the near term. Ethereum price is struggling to recover against the US Dollar and Bitcoin. ETH/USD may perhaps decline further below the $415 low if buyers continue to struggle. Ethereum…

Ethereum Price Analysis: ETH/USD Under Bearish Pressure

Key Highlights ETH price failed to gain traction and broke the $440 support against the US Dollar. There is a new connecting bearish trend line forming with resistance near $460 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it seems like it could retest the $$420 swing low. Ethereum price is showing signs of further weakness against the US Dollar and Bitcoin. ETH/USD is likely to trade further lower as long as it is below $450-460. Ethereum Price Resistance Recently, there…

Ethereum Price Analysis: ETH/USD Struggling Near 100 SMA

Key Highlights ETH price moved above the $448 resistance and tested the $470 zone against the US Dollar. There was a break above yesterday’s highlighted important bearish trend line with resistance at $448 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently struggling to clear the $470 resistance and the 100 hourly simple moving average. Ethereum price is showing a few positive signs against the US Dollar and Bitcoin. ETH/USD must clear the 100 hourly SMA to gain traction in the near term. Ethereum Price…

Ethereum Price Analysis: Can ETH/USD Recover Further

Key Highlights ETH price declined further and broke the $440 level before recovering against the US Dollar. There is a significant bearish trend line formed with resistance at $460 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to break the trend line and resistance at $460-470, which is a bearish sign. Ethereum price is facing tough challenges against the US Dollar and Bitcoin. ETH/USD remains in a downtrend as long as it is below $470. Ethereum Price Upside Hurdle There was a failure to…

Ethereum Price Weekly Analysis: ETH/USD Back in Downtrend

Key Highlights ETH price is under pressure and it could decline further below $448 in the near term against the US Dollar. There is a significant bearish trend line formed with resistance near $510 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to extend its decline as long as the price is below the $510 level. Ethereum price is declining versus the US Dollar and Bitcoin. ETH/USD remains at a risk of more losses below the $460 and $450 levels. Ethereum Price Resistance This…

Ethereum Price Analysis: ETH/USD Broke Key Support

Key Highlights ETH price failed to move above the $545 barrier and declined against the US Dollar. This week’s highlighted key bullish trend line was broken with support at $518 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now well below $530 and the 100 hourly simple moving average, which is a bearish sign. Ethereum price came under renewed selling pressure against the US Dollar and Bitcoin. ETH/USD is now trading below $530 with bearish signs. Ethereum Price Resistance Recently, we saw a rejection around…

Ethereum Price Analysis: ETH/USD Targets New Highs

Key Highlights ETH price found a strong support around the $525 level and recovered against the US Dollar. Yesterday’s highlighted important bullish trend line is intact with support at $518 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it may perhaps target a new high above the $545 level. Ethereum price is trading with a positive bias against the US Dollar and Bitcoin. ETH/USD could accelerate gains above the $545 and $548 levels in the near term. Ethereum Price Upside…

Ethereum Price Analysis: ETH/USD Approaching Support

Key Highlights ETH price traded higher recently and tested the $545 resistance zone against the US Dollar. There is a major bullish trend line in place with support at $510 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently moving lower and is approaching the $510 support and the 100 hourly simple moving average. Ethereum price is holding gains against the US Dollar and Bitcoin. ETH/USD is currently correcting lower and is approaching a few key supports. Ethereum Price Support There was a decent upside…