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Cryptocurrency prices wavered on Wednesday following the biggest 24-hour devaluation in months, leaving little guarantee of a swift recovery in the near term. For Ethereum (ETH), the grind lower has been much more extreme when valued against bitcoin (BTC). While the ETH/BTC exchange rate has been in recovery
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ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar.The price is likely to continue lower towards the $195 and $192 support levels in the near term.There are two major bearish trend lines forming with resistance near $208 and $210 on
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ETH price is currently correcting lower and it recently broke the $212 support against the US Dollar.The price is facing a lot of hurdles on the upside near the $212 and $215 levels.There is a key bearish trend line forming with resistance near $214 on the hourly chart of ETH/USD
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ETH price completed its downside correction near the $202 support area against the US Dollar.The price bounced back and climbed to a new monthly high above the $220 level.There is a new major bullish trend line forming with support near $210 on the hourly chart of ETH/USD (data feed via
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ETH price extended gains above the $215 resistance area against the US Dollar.The price is currently correcting lower and is trading below the $212 support area.There was a break below yesterday’s highlighted bullish trend line with support near $211 on the hourly chart of ETH/USD (data feed via Kraken).The pair
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ETH price extended its gains above the $195 resistance level against the US Dollar.Bitcoin price is down more than 1.5% and it recently broke the $10,250 support area.Yesterday’s highlighted major bullish trend line is active with support near $193 on the hourly chart of ETH/USD (data feed via Kraken).The pair
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Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value.
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ETH price is slowly moving down and recently broke the $180 support area against the US Dollar.The price could soon test the $172 or $170 level before it starts a fresh increase.Yesterday’s highlighted key bearish trend line is still active with resistance near $179 on the hourly chart of ETH/USD
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ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar.The price is likely to decline if bitcoin continues to struggle below the $10,250 level.There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed
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ETH price is showing positive signs above the $180 pivot level against the US Dollar.The price is likely to continue higher above the $184 and $185 resistance levels in the near term.There is a key bullish trend line forming with support at $178 on the hourly chart of ETH/USD (data
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