A confluence of at least three different bearish indicators appears on Ethereum’s multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion.
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Category: Ethereum price analysis
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Ethereum price gets back to $3K as institutional investors pile into ETH futures
Ethereum prices recovered on Sunday amid a market-wide upside correction while receiving an additional upside boost from a bullish JPMorgan & Chase report.
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Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K
Meanwhile, the amount staked in Ethereum 2.0 smart contracts reached over 7.75 million ETH.
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Ethereum price breaks $3,500 and hits 3-month highs against Bitcoin
The second-largest cryptocurrency reaches its best levels against Bitcoin and the dollar in more than three months.
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Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks ‘absolutely insane’
Ethereum is breaking out against Bitcoin and traders are turning bullish on ETH/BTC and altcoins.
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Ethereum Price Analysis for July 28th – ETH Stopped Sky-Rocketing
After a lengthy phase of growth, the ETH rate started consolidating near its 13-months peak. On Tuesday, July 28th, it is generally trading at 317.12 USD.
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Ethereum Price Analysis for June 23th – ETH May Go On Growing
After a productive Monday, the ETH may continue its growth if the current impulse preserves. On Tuesday, June 23rd, it is generally trading at 241.90 USD.
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Ethereum Price Analysis for June 12th – ETH Restoring After Sales
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, June 12th, the ETH price rate is growing again after the preceding major sales. It is generally trading at 233.83 USD. On D1, the ETH/USD pair keeps correcting in a developing uptrend. The quotations are moving inside an ascending channel with periodic corrections. The pair is currently trading between 61.8% and 100.0% Fibo. The MACD remains above zero. Judging by all the factors, we may predict testing of the lower border of the ascending channel and further growth to the aim of 265.00 USD. However, the pair may still pull back to
The post Ethereum Price Analysis for June 12th – ETH Restoring After Sales appeared first on The Merkle News.
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Ethereum Price Analysis for May, 19th – ETH Looks Very Promising
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 19th, the ETH rate is correcting slightly after steady growth. The cryptocurrency is generally trading at 214.17 USD. On D1, the pair keeps developing an uptrend. Currently, it is testing 61.8% Fibo again. If it breaks the level away, we may speak about further growth inside the ascending channel. The potential aim of the growth is still at 240.00 USD. The MACD goes on working off the Golden Cross that formed last week. The histogram is above zero, signaling the continuation of the uptrend. On H4, the pair keeps growing inside
The post Ethereum Price Analysis for May, 19th – ETH Looks Very Promising appeared first on The Merkle News.
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Ethereum Price Analysis for April, 24th – ETH Counts On Hidden Support
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, April 24th, the Ethereum keeps growing smoothly, generally trading at 188.70 USD. On D1, ETH/USD keeps growing. The quotations are moving inside an ascending channel, periodically correcting. Currently, they are testing 50.0% Fibo. The MACD is still above zero. Judging by all factors, we may conclude that there will be a correction from 50.0% along the Fibo levels. Then the quotations may test the lower border of the ascending channel and go on growing. The aim remains at 200.00 USD. However, a deeper pullback to 38.2% is also possible. On H4, an
The post Ethereum Price Analysis for April, 24th – ETH Counts On Hidden Support appeared first on The Merkle News.
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