Ethereum Price Analysis: ETH/USD Tumbled Below $655

Key Highlights ETH price was not able to move above the $700 resistance and declined sharply against the US Dollar. There is a new connecting bearish trend line forming with resistance at $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but upsides are likely to be capped by $650-655. Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD is now well below $655 and is eyeing more downsides in the near term. Ethereum Price Resistance The…

Ethereum Price Analysis: ETH/USD Back Below $700

Key Highlights ETH price failed to extend gains above the $724 level and started a downside move against the US Dollar. Yesterday’s highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now well below $700 and the 100 hourly simple moving average, which is a bearish sign. Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD broke a key support at $708 and it may well trade below $680 in the near…

Ethereum Price Analysis: Can ETH/USD Continue Higher?

Key Highlights ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar. There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to stay above the $704 support and the 100 hourly simple moving average to move higher. Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to remain above the 100 hourly SMA to extend gains above $715. Ethereum…

Ethereum Price Weekly Analysis: ETH/USD Sellers in Check

Key Highlights ETH price is slowly on the rise above the $675 support zone with positive signs against the US Dollar. There is a monster contracting triangle forming with current resistance near $712 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to break the triangle resistance and settle above $712 for an upside acceleration. Ethereum price is slowly moving higher versus the US Dollar and Bitcoin. ETH/USD must clear a huge sell wall near the $712-714 zone for more gains in the near term. Ethereum…

Ethereum Price Analysis: Can ETH/USD Recover Further?

Key Highlights ETH price found support near the $677 level and started an upside correction against the US Dollar. There was a break above a contracting triangle pattern with resistance at $700 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now moving higher and it may test the $725 and $730 resistance levels in the near term. Ethereum price started an upside move against the US Dollar and Bitcoin. ETH/USD is currently trading above $700 and it may correct further higher towards $725-730. Ethereum Price…

Ethereum Price Analysis: ETH/USD Nosedives Below $690

Key Highlights ETH price started a sharp downside move and traded below the $700 and $690 supports against the US Dollar. This week’s highlighted key bullish trend line with support at $725 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now back in a short-term bearish zone and it could retest the $660 support. Ethereum price nosedived against the US Dollar and Bitcoin. ETH/USD is currently trading well below the $700 level and it moved into a bearish zone. Ethereum Price Decline There…

Ethereum (ETH/USD) Technical Analysis (May 16, 2018)

Even though Ethereum is trading at 50 percent of its ATHs, chances are it might retrace in the coming days. In the last 24 hours for example, it is down three percent after failing to surge past $900 earlier this month. Now, because we have these lower lows, taking shorts might be a good trading strategy that flows well with the current trend. From the News Remember Nigel Green, the Founder of deVere Group? Well, he projected that Ethereum might close at $2,500 a piece by the end of the…

Ethereum Price Analysis: ETH/USD Could Extend Gains

Key Highlights ETH price is struggling to move above $742-743, but it remains supported against the US Dollar. Yesterday’s highlighted key bullish trend line with current support at $715 is intact on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $742-743 resistance zone to accelerate upsides in the near term. Ethereum price is placed nicely in a bullish zone against the US Dollar and Bitcoin. ETH/USD may climb higher if buyers manage to break the $742 and $743 resistance levels. Ethereum Price…

Ethereum Price Technical Analysis – ETH/USD Could Recover Further

Key Highlights ETH price started a nice upside recovery and moved above the $710 resistance against the US Dollar. There is a key bullish trend line with support at $710 forming on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it remains supported near $705, $710 and the 100 hourly simple moving average. Ethereum price is recovering against the US Dollar and Bitcoin. ETH/USD is now trading above the 100 hourly SMA and $705, which is a positive sign. Ethereum Price Decline…

Ethereum Price Weekly Analysis – Can ETH/USD Recover Further?

Key Highlights ETH price declined heavily this past week and moved towards the $640 level against the US Dollar. There is a crucial bearish trend line forming with resistance at $720 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is slowly recovering and is currently facing many hurdles on the upside near $710-720. Ethereum price tested major supports versus the US Dollar and Bitcoin. ETH/USD is currently correcting higher and is facing resistances near $710 and 100 hourly SMA. Ethereum Price Upside Barrier There was a…