Ethereum started an upside correction from the $1,720 zone against the US Dollar. ETH price could correct further higher, but upsides might be capped near $1,850. Ethereum formed a base above the $1,720 support zone before starting an upside correction. The price is still trading well below the $1,850 resistance and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,790 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to rise further towards the $1,850 resistance zone and the 100 hourly SMA. Ethereum Price Correcting Losses Ethereum remained in a bearish zone and it extended its decline below $1,800, similar to bitcoin. ETH price broke the $1,780 support and it settled well … [Read More...]

Ethereum is facing an uphill task near the $2,000 zone against the US Dollar. ETH price remains at a risk of a larger decline below the $1,800 support zone. Ethereum started a fresh decline after it failed to surpass the $2,000 resistance zone. The price is still trading well below the $2,000 resistance and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,975 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if it fails to move above the $1,950 and $2,000 resistance levels. Ethereum Price Turns Red After a failed attempt to clear the $2,000 resistance, ethereum started a fresh decline, similar to bitcoin. ETH price broke the $1,950 support and … [Read More...]

Ethereum netflows seem to be negative across all exchanges right now, as exchange reserves continue their downward trend. Ethereum Reserves On A Downtrend As pointed out by a CryptoQuant post, ETH reserves continue with a downward trajectory. The all exchange netflows are also very red. The Ethereum all exchanges reserve is an indicator that shows the total number of coins held in wallets of all exchanges. When the metric goes up in value, it means more investors have their ETH on exchanges for selling, altcoins purchasing, or margin trading. Here is how the Ethereum all exchanges reserve looks like at the moment: ETH all exchanges reserve continues to fall down The above chart makes it clear that Ethereum all exchanges reserve has been continuing its downtrend since … [Read More...]

Ethereum is down 5% and it is struggling to stay above $2,000 against the US Dollar. ETH price could decline sharply if there is a break and close below $2,000. Ethereum is showing bearish signs below the $2,050 and $2,100 levels. The price is now trading well below the $2,100 resistance and the 100 hourly simple moving average. There was a break below a key contracting triangle with support near $2,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,000 support to avoid a major decline in the near term. Ethereum Price Remains At Risk There was a fresh decline in ethereum from the $2,175 resistance zone, similar to bitcoin. ETH broke many supports near $2,100 and the 100 hourly … [Read More...]

Ethereum started a downside correction from the $2,400 zone against the US Dollar. ETH price could start a fresh increase unless there is a clear break below $2,150. Ethereum failed to surpass $2,400 and it started a downside correction. The price is now trading just above $2,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if there is a break below the $2,200 and $2,150 support levels in the near term. Ethereum Price Consolidates After a failed attempt to clear the $2,400 level, ethereum started a fresh decline. ETH broke the $2,300 and $2,250 support levels to move into … [Read More...]