Ethereum holds in consolidation ahead of an ascending triangle breakout to $500. A rejection at $470 could trigger massive sell orders and a break down towards $400. Ethereum has been bumper to bumper with Bitcoin’s majestic price action in the last few weeks. The smart contract token is up 25% in November alone despite the
Ethereum rebounded from support at $420 after rejection at $470. ETH/USD is looking forward to a symmetrical triangle breakout to $500 amid the ongoing consolidation. Ethereum bulls have in the last couple of days been working around the clock to ensure that formidable higher support is formed. The focus on the support comes after ETH/USD
Ethereum retakes the position above $400, following an impressive recovery from $370. ETH/USD is the bulls’ hands, as reinforced by the RSI and the Bollinger bands. Ethereum hit October highs at $420 but retreated to support provided by the 100 Simple Moving Average (SMA) marginally above $370 in the 4-hour range. Towards the end of
Ethereum dives from highs above $400 to refresh support at $380. ETH/USD is mainly in the bears’ hands and could resume the downtrend to retest the 200 SMA. The smart contract giant has traded above $400 a couple of times this week. The initial time, ETH tested the resistance at $420 but retreated to $380.
Ethereum price tops $400 since late September and extends the price action to $420. ETH/USD has a smooth ride to $500 but bulls must be aware of the minor hurdles likely at $440 and $480. The smart contract cryptocurrency has been on an upward roll since late September. Support embraced at $320 played a key
Ethereum rejected at $395, leaving $400 unconquered. ETH/USD reacts to oversold conditions, but on-chain analysis highlights the most robust support between $351 and $361. Ethereum majestically closed in on the psychological resistance at $400. However, the smart contract giant hit a barrier at $395, leaving $400 unconquered. Meanwhile, ETH/USD is teetering at $384 amid an
Ethereum has been rejected at the 100 SMA; the path of least resistance is downwards. ETH/USD is dealing with the absence of substantial support as highlighted by on-chain analysis. Ethereum is struggling to stay above the initial support at $340. Its immediate upside is capped by the 100-day Simple Moving Average. Recently support was established
Ethereum suffered under the impact of an ascending channel, shattering support areas at $360 and $340. ETH/USD is only taking a breather at $340 because signals remain bearish amid calls for $300. The smart contracts token has been on a downward roll following the rejection suffered slightly above $390 towards the end of last week.
Ethereum slips below $320 for the second time this week but support at $312 is still intact. ETH/USD requires a boost above $320 in order to make the final run-up for the triangle breakout eyeing $400. Ethereum bulls have for most of this week’s trading found it increasingly difficult to hold the price above $320.
Ethereum renews the bearish pressure under $320 in tandem with Bitcoin’s retreat under $11,000. ETH/USD is not in grave danger yet according to the trend of the MACD. Ethereum surprised many with its incredible rally from last week but particularly on Sunday. The second-largest digital asset cleared the resistance at a key symmetrical triangle. This