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Category: ethereum technical analysis

Ethereum price steady rise in jeopardy as more declines linger under $2,000

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 price takes a pit stop at $2,400, but declines seem far from over

Ethereum scaled some key levels from last week’s support of around $2,500. The largest altcoin hit levels above $2,800 following sluggish trading over the weekend. Moreover, bears forced their way, ending the seemingly eternal dilemma in the market. A correction followed Bitcoin’s dive from $36,000 to $32,000. Bearish calls have soared in the market, with

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Ethereum Price Prediction: ETH gains to $4,200 in jeopardy as sellers aim for $1,400

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 price draws closer to the ultimate launch aiming for $4,000

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 Price Forecast: ETH breakdown to $2,000 looms in the wake of rejection at $2,900

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 Price Prediction: ETH bids goodbye to $3,000 as bullish momentum fades

Ethereum gracefully rose from the support formed at $1,750 to trade near $2,800. The recovery was not unique to the pioneer altcoin but cut across the market, with Bitcoin rising from $30,500 to $38,000. However, the 50 Simple Moving Average (SMA) on the four-hour chart curtailed the bullish development, adding credence to the bearish pressure.

The post Ethereum Price Prediction: ETH bids goodbye to $3,000 as bullish momentum fades appeared first on Coingape.

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Ethereum Price Prediction: ETH breakdown to $2,500 seems imminent

Ethereum has lost more than 30% of its value from the all-time high traded at $4,387. Initially, the correction was more like lock-step trading whereby short-term support levels prevented sharp losses. However, during the previous weekend session, the market instability saw Ethereum dive under $4,000 and tested support at $3,100. A trend reversal occurred on

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Ethereum price secures key support, but recovery to $4,400 will be a daunting task

Ethereum’s sharp drop from historical highs of $4,400 did not find support above $4,000. The high gravitational force saw Ether explore lower price levels before embracing an anchor at $3,500. This support became crucial to the smart contract token by preventing losses from extending to $3,000. Similarly, buyers shifted their attention from $3,500 to levels

The post Ethereum price secures key support, but recovery to $4,400 will be a daunting task appeared first on Coingape.

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