Bitcoin and Ethereum lead a wave of excitement over future crypto gains, with analysis concluding that the “bottom is in.”
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Category: ETH price analysis
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Ethereum to $10K? Classic bullish reversal pattern hints at potential ETH price rally
Ethereum attracted roughly 18.36 million new addresses to its network in 2021.
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$2,000 ETH or bust — Key levels to watch as Ethereum looks to break its all-time high
Ethereum Price Analysis for August 7th – ETH Still Eager to Grow
By Dmitriy Gurkovskiy, author at RoboForex Blog By Friday, August 7th, the ETH seems to gave lost its absolute confidence in further growth but its overall mood remains positive. This promises a chance of growth after the pause. Today the ETH is generally trading at 396 USD. On H4, the uptrend of the ETH has passed the level of 38.2% Fibo related to the preceding long-term declining wave. Technically speaking, there is a correction forming on the chart after swift growth. After the correction and a breakaway of the high at 415.26 USD, the next goal is likely to be 50.0%
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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 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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Ethereum Price Analysis for April, 7th – ETH Aiming High
On Tuesday, April 7th, the ETH price is growing confidently, trading at 172.20 USD, says Dmitriy Gurkovskiy, author at RoboForex Blog. The situation on the Ethereum market should still be interpreted as correctional growth after a serious decline. Escaping the consolidation Triangle by a strong impulse upwards, the quotations reached 38.2% Fibo and are aiming at 50.0% (189.45 USD). The ascending MACD lines confirm the bullish trend. The support is at 139.50 USD. Its breakaway will open the way to a low of 89.80 USD. On H1, the ETH/USD quotations have broken the resistance line of the short-term channel of growth,
The post Ethereum Price Analysis for April, 7th – ETH Aiming High appeared first on The Merkle News.
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Ethereum Price Analysis for March, 31th – ETH Looks Stable
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 31st, the ETH is slightly growing, trading at 132.68 USD. On H4, the correctional phase has acquired the shape of a triangular consolidation. The longer it lasts, the more powerful will be the exit from it. The MACD heading upwards points at the potential breakout of the resistance at 135.40 USD and growth to 175.00 USD. However, even in such situations, the potential breakout of the support at 125.35 USD and a decline to the low of 89.80 USD should not be neglected. On H1, the correctional growth of ETH/USD
The post Ethereum Price Analysis for March, 31th – ETH Looks Stable appeared first on The Merkle News.
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Ethereum Price Analysis for March, 17th – ETH Still Looking Weak
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The ETH sales failed to limit themselves by just one day: the crypocurrency remains weak, dominated by the bears. On Tuesday, March 17th, it is generally trading at 117.55 USD. On H4, the ETH is having a little rest from the bearish phase. The last impulse of decline confidently overcame the support line of the descending channel, indicating the stability of the sellers’ mood. The quotations neared the key low of 80.86 USD but may only reach it after a pullback and a breakout of the local low of 89.80 USD. After the
The post Ethereum Price Analysis for March, 17th – ETH Still Looking Weak appeared first on The Merkle Hash.
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Ethereum Price Analysis for March, 13th – ETH Attempts to Recover Are Inefficient
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex This morning, Friday, March 13th, the ETH is attempting to correct after a disastrous slump yesterday. It is generally trading at 119.40 USD. Last time, the ETH was so cheap in February 2019. The Ethereum is experiencing sales alongside with virtually the whole crypto market. Some cryptocurrencies have lately declined by 50%. On D1, the declining wave tested the psychologically important support level of 100.00 USD. In the short term, the quotations may perform an ascending correction. However, after the pullback, the decline will continue, aiming at the long-term low of 80.86 USD
The post Ethereum Price Analysis for March, 13th – ETH Attempts to Recover Are Inefficient appeared first on The Merkle Hash.
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