Ethereum’s trading this week has appreciably yielded for the bulls. Support at $2,400 was defended at all cost during the weekend session; hence buyers channeled all efforts toward resuming the uptrend. The break above $2,500 on Monday bolstered Ether past $2,600. However, the pioneer token seems to be struggling with another hurdle at $2,650. At
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Ethereum has a complex time building on the support at $2,400 for gains above $3,000. In the last few days, the confluence resistance created by the 50 Simple Moving Average (SMA) and the 100 SMA has barred bulls from extending the price action higher. The downward force becomes apparent by the day with the immediate
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Ethereum explored levels under $2,200 toward the end of last week. The price drop was in tandem with Bitcoin’s pullback to $33,000. Other crypto assets also suffered, with Ripple revisiting support at $0.8. A recovery ensued with Ethereum gaining ground above several vital levels, including $2,400, the 50 Simple Moving Average (SMA), and the 100
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Ethereum dipped twice under $2,000 in May amid the bears’ showdown. The declines extended from an all-time high of $4,400 while bulls failed to secure higher support, culminating in the downswing to $1,750. In the wake of the bearish price action, Ethereum lifted above $2,000 and closed the gap toward $3,000. However, seller congestion at
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Ethereum is back in red after a consistent rise toward $3,000. The breakout from last week’s key support at $1,750 failed to overcome seller congestion at $2,900. Note that the ongoing retreat is not unique to Ether but appears to be pulling the whole market down. Bitcoin has been rejected at $40,000 and currently seeks
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Ethereum has been steady since the weekend breakdown from levels above $4,000 to $3,100. Over the last 24 hours, the price action remained sluggish, but bulls seem to have resorted to playing defense and ensure that losses do not extend under $3,000. At the time of writing, Ether trades at $3,390 amid a gradually building
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Ethereum surprised many in the cryptocurrency market when it rallied above $4,000. It was song and dance for investors who have been patient with the pioneer smart contract token. An all-time high was formed at $4,216, allowing bulls to shift the focus to $5,000. However, the bullish momentum began fizzling out, leaving ETH with few
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