Ethereum remained in a bearish zone below the $1,250 resistance against the US Dollar. ETH is attempting a recovery wave, but the 100 hourly SMA is the key. Ethereum made another to clear the $1,150 support, but the bulls were active. The price is now trading below $1,200 and the 100 hourly simple moving average.…
Ethereum price closely followed that of bitcoin throughout the week and this saw the digital asset fall below the $1,200 level once more. Presently, the entire market looks to be consolidating but Ethereum has been put under some pressure following the activation of two whale addresses. These addresses which had not transacted for about half…
Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is reflected in the other altcoins as most, if not all, move alongside ETH. However, if the…
Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150. Ethereum started another decline and traded below the $1,200 support. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key contracting…
Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs. Ethereum started another decline and traded below the $1,300 support. The price is now trading below $1,290 and the 100 hourly simple moving average. There was a break below a major bullish trend…
Ethereum jumped and tested the $1,350 resistance against the US Dollar. ETH corrected lower, but the bulls are active near the $1,280 support. Ethereum was able to clear the $1,300 and $1,320 resistance levels. The price is now trading near $1,290 and the 100 hourly simple moving average. There is a key bullish trend line…
Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Futures Trading Commission (CTFC) have had past battles with other digital assets. The SEC is currently embroiled in a long-running case with Ripple Labs, with the focus on defining the…
Ethereum gained pace for a move above the $1,300 resistance against the US Dollar. ETH is consolidating gains and might eye a fresh increase in the near term. Ethereum was able to clear the $1,280 and $1,300 resistance levels. The price is now trading above $1,280 and the 100 hourly simple moving average. There was…
Ethereum remained supported above the $1,240 level against the US Dollar. ETH is rising and might soon attempt an upside break above the $1,300 barrier. Ethereum remained well bid above the $1,240 and $1,220 levels. The price is now trading above $1,260 and the 100 hourly simple moving average. There is a major contracting triangle…
The Ethereum price is trading laterally on its daily chart. The coin has moved south by 1.8% in that timeframe. Both the bulls and bears are trying to take over the market as the altcoin remains within a congested price zone. If the altcoin price is rejected at higher levels, the chance of a reversal…