latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Ethereum Price Analysis: ETH/USD Recovery Could Be Sabotaged By Rising Triangle Pattern

Ethereum Price Analysis: ETH/USD Recovery Could Be Sabotaged By Rising Triangle Pattern

Ethereum price settles above $200 but recovery faces increased selling activity at $205.
ETH/USD could refresh the support at $190 once again if the critical level at $200 and the triangle support give in.

Ethereum price is leading recovery among the top three digital assets. After opening the session on Monday above at $199.59, the bulls pulled the price above $200. An intraday high has been formed at $204.43 (current immediate resistance). Ethereum is valued at $203.22 at the time of writing, representing a 1.82% growth on the day.
Looking at the 2-hour chart, the price is trading between the 200 Simple Moving Average (SMA) support and the 50 SMA resistance. The narrowing gap between the moving averages hints towards a growing sellers’ grip. The growth above $200 appears to be in jeopardy especially with the RSI’s uptrend action stalling short of 50.
ETH/USD 2-hour chart
Read more
ETH/USD price chart by Tradingview
Marginally above the market value, is the aforementioned resistance between $204 (intraday high) and the 50 SMA ($205) in the 2-hour range. To sustain the uptrend that started after Ether tested $190 support last week, the resistance at the 50 SMA must come down. This will allow the bulls to focus on higher resistance at $210, $215 and $220 respectively.
Taking into account a wider perspective, Ethereum is not in the clear yet despite the recovery from $190. The triangle resistance at $215 has to be broken for more sustained and guaranteed price action towards $230 and $250. On the other hand, a triangle support breakdown still in the event the critical level at $200 fails to hold.
Ethereum Key Intraday Levels
Spot rate: $203.22
Percentage change: 1.82%
Relative change: 6.66
High: 204.43
Low: 198.05
Trend: Bearish
Volatility: Low shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

Buy Bitcoin online in ANY country, supporting 80+ Payment methods!