• info[at]asiathemes[dot]com
  • (2)245 23 68

Ethereum Price Analysis: ETH Trading Near Crucial Turning Point

Ethereum Price Analysis: ETH Trading Near Crucial Turning Point

BTC Casino / 22nd January 2019

Ethereum price declined recently and revisited the key $113 and $114 supports against the US Dollar.
ETH is trading below a crucial bearish trend line with resistance at $120 on the 4-hours chart (data feed from Coinbase).
The price will most likely make the next significant move either above $120 or below $113 in the near term.

Ripple Report Shows XRP Sales Doubled in Q3 2018
Friday October 26, 2018

As the end of 2018 draws near a quarterly market report from Ripple shows that the company is on the right track. The Numbers Say it All A Q3 2018 […]

The post Ripple Report Shows XRP Sales Doubled in Q3 2018 appeared first on BTC Casino Gambling.

Ethereum price is under a lot of pressure below the $120 pivot level against the US Dollar. ETH is preparing for the next break either above $120 or towards $100 in the coming sessions.
Ethereum Price Analysis
In the past few days, there were mostly bearish moves below $135 in Ethereum price against the US Dollar. The ETH/USD pair declined from the $160 swing high and settled below the $140 and $138 support levels. It traded towards the $113 and $114 support levels and later recovered a few points. The price climbed above the $120 and $125 levels, but it struggled to gain traction above $130-132. As a result, there was a fresh decline and a few swing highs were formed near $128 and $126. The last swing high was near $126 before the price retested the $113 support area.
It is currently trading a few points above the $113 support. An immediate resistance is the 23.6% Fib retracement level of the recent drop from the $127 swing high to $113 swing low. More importantly, there is a crucial bearish trend line in place with resistance at $120 on the 4-hours chart. Above the trend line, the 50% Fib retracement level of the recent drop from the $127 swing high to $113 swing low is near $120. Finally, the 55 simple moving average (4-hours) is positioned near the $121 level. Therefore, a break above the $120-121 resistance zone is must for a fresh recovery.

Lubin’s Blockchain Firm Purchases American Mining Company
Thursday November 01, 2018

The blockchain firm that was established by Ethereum’s co-developer, Joseph Lubin, has moved on to purchase Planetary Resources Inc., an American asteroid mining firm. An October 31 publishing stated that […]

The post Lubin’s Blockchain Firm Purchases American Mining Company appeared first on BTC Casino Gambling.

Looking at the chart, Ethereum price seems to be preparing for the next significant move either above $120 or below $113. Above $120-121, the price may test $130, and below $113, the price could test $100.
Technical indicators
4-hours MACD – The MACD for ETH/USD is placed heavily in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI for ETH/USD is currently well below the 35 level.
Key Support Level – $113
Key Resistance Level – $121
The post Ethereum Price Analysis: ETH Trading Near Crucial Turning Point appeared first on Live Bitcoin News.

@ 2017 Esol Theme powered by WordPress Developed by ASIATHEMES