Ethereum Price Analysis: ETH/USD Facing Uphill Task

Key Highlights ETH price declined further and broke the $482 and $475 support levels against the US Dollar. There is a major bearish trend line formed with resistance near $475 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $475 and $480 resistance levels to move into a bullish zone. Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD must move above $475 and the 100 hourly SMA to initiate a recovery. Ethereum Price Resistance There were further losses…

Ethereum Price Analysis: Can ETH/USD Hold 100 SMA?

Key Highlights ETH price started a major downside correction below the $500 level against the US Dollar. This week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $470 support and the 100 hourly simple moving average. Ethereum price trimmed most of its gains against the US Dollar and Bitcoin. ETH/USD must stay above the 100 hourly SMA to avoid a push to $455. Ethereum Price Support There was a decent…

Ethereum Price Analysis: ETH/USD Surging Above $500

Key Highlights ETH price surged higher and cleared a few important resistances near $500 against the US Dollar. Yesterday’s highlighted important bullish trend line is active with support at $480 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed nicely above the $500 level and it is likely to accelerate higher in the near term. Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH/USD is surging and it could soon break the $525 level for more upsides. Ethereum Price Trend Yesterday, there…

Ethereum Price Analysis: ETH/USD Buyers in Control

Key Highlights ETH price climbed above a few important resistance such as $450 and $460 against the US Dollar. There is a new connecting bullish trend line forming with support at $464 on the hourly chart of ETH/USD (data feed via Kraken). The pair is following an ascending channel, but it could correct lower towards the $470 level. Ethereum price is back in an uptrend against the US Dollar and Bitcoin. ETH/USD may perhaps correct a few points, but it is likely to accelerate further higher. Ethereum Price Bullish Moves…

Ethereum Price Analysis: Can ETH/USD Break $455?

Key Highlights ETH price traded higher and tested an important resistance area near $455 against the US Dollar. There is a major bullish trend line formed with support at $438 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct lower, but it is likely to find support near $435-438 in the short term. Ethereum price is moving in a positive zone against the US Dollar and Bitcoin. ETH/USD remains in a bullish zone as long as it is above the $435 level. Ethereum Price Support…

Ethereum Price Weekly Analysis: What’s Next for ETH/USD?

Key Highlights ETH price remains in a bearish trend below the $450 resistance area against the US Dollar. There is a declining channel formed with current resistance at $439 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is facing many resistances on the upside such as $439, $455 and the 100 SMA. Ethereum price is struggling to gain bullish momentum versus the US Dollar and Bitcoin. ETH/USD could make a bullish move as long as it is above $417. Ethereum Price Trend This past week, there…

Ethereum Price Analysis: Can ETH/USD Make It?

Key Highlights ETH price declined further and traded as low as $417.37 against the US Dollar. This week’s highlighted key bearish trend line is still active with resistance at $438 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the trend line and $440 resistance to recover further in the near term. Ethereum price is slowly moving higher against the US Dollar and Bitcoin. ETH/USD must clear hurdles near $440 to gains upside traction towards $460. Ethereum Price Resistance There were further dips…

Ethereum Price Analysis: ETH/USD Facing Key Hurdle

Key Highlights ETH price recovered a few points, but faced sellers near $445 against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $447 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to struggle as long as it is below the $445 and $448 resistance levels. Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD must move higher above $448, if not, there is a risk of more losses. Ethereum Price Upside Hurdle After a major…

Ethereum Price Analysis: ETH/USD Remains at Risk

Key Highlights ETH price declined heavily and traded close to the $425 support area against the US Dollar. There is a crucial bearish trend line in place with resistance at $448 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating losses and it is facing many resistances on the upside near $440 and $448. Ethereum price is back in a negative zone against the US Dollar and Bitcoin. ETH/USD could correct higher, but it is likely to face sellers near $445-448. Ethereum Price Resistance Yesterday,…

Ethereum Price Weekly Analysis: ETH/USD Eyeing Further Upsides

Key Highlights ETH price traded higher recently and broke the $470 resistance zone against the US Dollar. There is a key connecting bullish trend line formed with support at $465 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to move above the $490 and $500 resistance level to gain upside momentum. Ethereum price is placed in a bullish zone versus the US Dollar and Bitcoin. ETH/USD remains supported on the downside near the $470 and $462 levels. Ethereum Price Support This past week, there…