Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum.
For the bulls to gain control and initiate an upward trend, it is essential for...
Fundamenta Aspect
Ethereum Upgrade Delays 'Difficulty Bomb', more on my blog as I cannot paste the link here.
Technical Aspect
Ethereum is establishing fresh support above the $3,500 level, and if buyers continue to break over the crucial resistance level of $4,000, the price may begin a new rally.
If buyers continue to sway the market, the nearest obstacle...
#Ethereum fell sharply as $ 3,200 support collapsed; It was traded at the lowest price level of $ 2,807 and is now trying to return.
#ETH started a big drop from the $ 3,500 resistance range. As a result, many important support levels, including $ 3,300, collapsed and the price completely fell short of the 100-hour moving average.
With the $ 3,200 support...
#ETH surpassed the $3,400 resistance level by being in a bull movement. Favorable conditions are now provided for the $3,500 level to be exceeded.
Ethereum formed a strong support base at around $3,200 and started a new uptrend. It managed to continue the resistance of $3,350 and the 100-hour moving average.
The ETH/USD pair also broke the key resistance of the...
Ethereum is at the resistance area as in the previous days. It needs to give a daily candle close above this area (yellow area).
Then we can expect bullish and it will go towards 4000 - 4200 area.
ETH breaks the $2200 resistance and as mentioned give a good pump towards $2400. ETH tested the $2380 - $2400 resistance. We expecting a retest of the $2200 support zone now before going towards the resistance. Bitcoin is bullish and same case in ETH. Also the London hardfork is coming on 4 August and the supply shortage on exchanges ongoing. All these are strong...
ETH give a perfect retest of the $2000 - $2050 area and now moving up. The next resistance area is $2180 - $2200 and if broken then we will see a good pump in ETH towards $2400 - $2500 area. The support remains the same of $2000 - $2050 and as long as ETH trading above this, the bullish case is valid.
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Ethereum doesn’t look globally good, as well. What we have is a descending triangle with the flat support which is a bearish pattern.
Moreover, there are even two strong resistances that keep $ETH from growing. Once the $1800 is broken, the massive down trend will be confirmed.
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