Ethereum Price Analysis – Looks Bearish for Ethereum As It Fails to Pass 50EMA

2018-7-19 20:29

Amid the cryptocurrency rally of this week, Ethereum gained but only in USD terms. It took losses in terms of its Bitcoin price as noted previously, and many analysts are stating that the market is waking up to the price being way overvalued compared to the utility it provides. One analyst recently discussing this in a blog post is the well-known crypto trader going by the alias Ugly Old Goat.

Ethereum failed to get over its daily 50EMA yesterday and has been on a downward trajectory since then. $500 could well be a tough resistance point with it being a significant, round psychological number and also where the 50EMA is trading at this point. Some signs point to upward movement from here with the drop being on low volume and higher lows and higher highs being formed. We also have the MACD approaching the centreline for a crossover to the upside.

Ethereum Daily Chart

We can see the drops more clearly on the 4hr chart. As noted in yesterday’s post, the $480 level was anticipated to act as some support, and the price did slow down approaching this point, but $470 acted as stronger support with the 50 & 100 EMA trading around this point. Drops have been on larger volume than gains, and the price action looks set to trade under the 50 & 100EMA.

Ethereum 4h Chart

A signal line crossover to the downside has just occurred on the hourly chart which is a bearish signal. The price is currently trading under the 50, 100, & 200EMA. The 200EMA may act as support level but is currently struggling to hold the falling price action.

Ethereum Hourly Chart Bullish Case: The drop is on low volume on the daily The 200EMA seems to be supporting on the hourly Daily MACD approaching a centreline crossover to the upside Forming higher highs and higher lows on the daily  Bearish Case: Many analysts questioning whether the price of Ethereum adequately represents the underlying fundamentals Recent underperformance amid strong optimism across the cryptocurrency market MACD crossed the signal line to the downside on both the 4hr and the 1hr. $480 level didn’t hold well as support

Ethereum Price Analysis – Looks Bearish for Ethereum As It Fails to Pass 50EMA was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

origin »

Ethereum (ETH) на Currencies.ru

$ 1883.72 (+0.55%)
Объем 24H $18.12b
Изменеия 24h: -0.85 %, 7d: -13.41 %
Cегодня L: $1842.67 - H: $1883.72
Капитализация $227.204b Rank 2
Цена в час новости $ 469.241 (301.44%)

ethereum price bitcoin terms cryptocurrency fails bearish

Источник: blokt.com

ethereum price → Результатов: 126


Фото:

Ethereum’s Price Recovery Of The $4,000 Mark Hinges On This Crucial Support Level

Ethereum‘s bullish expectations in the ongoing cycle continue to be delayed due to heightened volatility across the general crypto market. Despite its struggles to initiate a major price rally, many crypto experts remain optimistic about an upsurge, pointing to key support levels that could spark a rebound for ETH. A Push Back For Ethereum To […]

2025-2-11 14:30


Фото:

Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation

Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential.

2025-1-26 19:00


Фото:

Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000

The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization.

2024-12-26 14:30


Ethereum Price To Smash Through $5,000, Triggering 400x Bull Run For Shiba Inu And ETFSwap

Investors are optimistic once again as the hope of the Ethereum price rallying to $5,000 hit the crypto market. In a recent report, Ethereum co-creator Vitalik Buterin spoke at length about upcoming solutions to Ethereum’s (ETH) staking, block production issues, and prevent centralization of proof-of-stake to Ethereum L1.

2024-10-30 20:00


BlockDAG Presale Hits $76.2M Mark—While Ethereum Prices Plummet & Litecoin Defies Odds

The drop in Ethereum’s price points to a market walking on eggshells, with sellers taking the upper hand, challenging critical support levels and raising investor concerns. In contrast, Litecoin shows signs of bouncing back, with its price actions hinting at potential yet with a reserved optimism in the volatile crypto market.

2024-9-27 03:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance whale selling slows, but Bitcoin miners may add market pressure

Bitcoin (BTC) whales on Binance appear to be reducing their selling pressure, but the potential for increased BTC sales from miners could introduce new downward pressure on the market. According to CryptoQuant’s community analyst Darkfost, whale activity on Binance, which handles some of the largest Bitcoin trading volumes, is showing signs of decline.

Bitcoin Suisse expands crypto offering with TON, OP, ENA, ONDO

Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens. In a March 3 announcement Bitcoin Suisse stated that its clients can now trade and custody The Open Network (TON), Optimism…