Key Highlights Ethereum price finally managed to gain traction this past week against the US Dollar for a move towards $11.00. There was a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which was broken during the upside move. The price is currently in the bullish zone, but struggling to gain further momentum above $11.00. Ethereum price spiked higher this past week and closed above a major hurdle against the US Dollar. More gains possible in ETH/USD moving ahead? Ethereum Price Upside Break This past we saw how there was an upside break in Ethereum price against the US Dollar for a move towards the $11.00 level. The price also managed to move higher against the Bitcoin, which was a positive sigh. The ETH/USD pair…
Key Highlights ETH price after making a top near the $11.40 level against the US Dollar started trading lower. Yesterday’s highlighted connecting bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken. The price closed below the $10.00 handle and looks set for more declines in the near term. Ethereum price looks like found barriers on the upside against the US Dollar and Bitcoin. ETH/USD broke a support area at $10.20 and currently trading lower. Ethereum Price Downside We saw recently an upside surged in ETH price against the US Dollar, as it traded above the $11.00 handle. However, the price later found sellers near $11.40, and started correcting lower. During the downside move the price initially broke the 23.6% Fib retracement…
Key Highlights ETH price surged past more resistances against the US Dollar and traded above the $11.10 resistance. There is a new tiny connecting bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a support on the downside. The price may continue to gain pace, and could even head higher towards the $12.00 handle. Ethereum price maintained its bullish tone against the US Dollar and Bitcoin. ETH/USD now looks set for further gains may be towards $12.00. Ethereum Price Upside Surge There was no stopping the ETH buyers, as the ETH price surged past the $11.10 resistance area against the US Dollar. The ETH/BTC pair was seen trading higher, and moved above the 0.010BTC level. Yesterday, there was a minor dip in ETH/USD, taking…
Key Highlights ETH price surged higher against the US Dollar and broke the $9.20 resistance. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to clear the way for more gains. The price looks set for a test of the $10.00 handle if the current trend remains intact. Ethereum price gained heavy bids against the US Dollar, and moved higher. It looks like the ETH/USD pair is now bullish and set for more upsides. Ethereum Price Buy Yesterday, we saw how ETH price was struggling to break the $8.40 level against the US Dollar. There were a couple of attempts to break the stated level, but the bulls failed. Later, the price gained momentum, and managed to break the $8.40 level. The price charged higher, and also…
Key Highlights ETH price remained above a major support area at $7.90 against the US Dollar. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a perfect support and prevented downsides. The price needs to break the $8.40 resistance in order to gain traction and momentum. Ethereum price managed to stay above a major support trend line against the US dollar. Let’s see if ETH/USD can gain further ground or not. Ethereum Price Resistance There was a minor downside reaction in ETH price against the US Dollar yesterday. The price was seen approaching a monster support area at $7.90-80. However, the ETH buyers managed to hold the downside at $7.95, and prevented a break. The most important point was yesterday’s…