Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

  • ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar.
  • The price even cleared the $135 and $136 resistance levels, but upsides remain capped.
  • There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair might face a strong resistance near the $138 level and it could drop back to $135.

Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are…



Source link

Related Posts

  • 91
    ETH price remains well supported on the downside near the $170 area against the US Dollar.The price settled in a positive zone above the $165 and $169 resistance levels.There is a major bearish trend line formed with resistance at $176 on the 4-hours chart of ETH/USD (data feed via Kraken).The…
    Tags: $, price, resistance, eth, ethereum, dollar
  • 91
    ETH price broke a few important resistance levels near the $134 level against the US Dollar.The price gained traction and settled above the $134 and $136 resistance levels.This was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD (data feed via Kraken).The…
    Tags: $, price, resistance, eth, ethereum, dollar
  • 80
    ETH price remained in a positive zone and recently traded above the $275 resistance against the US Dollar.The price is currently correcting lower, but it remains well supported near $265 and $262.There is a major bullish trend line forming with support near $266 on the hourly chart of ETH/USD (data…
    Tags: $, price, ethereum, eth, dollar
  • 80
    ETH price made a few attempts to settle above the $300 resistance area against the US Dollar.It is currently consolidating near $300 and it might rise above $305 and $306 in the near term.There is a new connecting bullish trend line forming with support near $297 on the hourly chart…
    Tags: $, price, ethereum, eth, dollar
  • 74
    Bitcoin price surged more than 15% and cleared the main $4,200 resistance against the US Dollar.The price rallied close to the $5,000 and $5,200 resistance levels, where sellers emerged.There was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC/USD pair (data…
    Tags: $, resistance, price
READ MORE  Why Blockchains Struggle to Gain Traction in Enterprises

Leave a Reply

Your email address will not be published. Required fields are marked *