Ethereum [ETH] & EOS Price Action – Altcoins Spring Back to Life After a Long Spell of Consolidation

2019-4-3 17:19

Ethereum Weekly Chart – Source: Tradingview.com

After one and half months of consolidation where several Doji candles formed on the weekly chart, Ethereum has sprung back to life along with all major altcoins as seen during yesterdays spike.

The price spike brought the price above a former point of buyer liquidity and price resistance at $166.

If the price can close above this point on the weekly, the next key level to monitor is $195.90 which provided support numerous times during price action in September and October.

The price increase seen over the past two days has brought the price to over double its 2018 low whereas many major cryptocurrencies such as Bitcoin have yet to double from their lows formed in 2018.

Ethereum Daily Chart – Source: Tradingview.com

The price managed to rise above the $166 level yesterday but failed to close above.

It has followed up today with a rise above the level but has since retraced from the intraday highs formed.

Ethereum 4-Hour Chart – Source: Tradingview.com

The price fell back below the $166 level on the retracement but has since followed up with another wave of buying.

Both the MACD and RSI are increasing across the weekly, daily, and 4-hour timeframes reflecting high amounts of buying pressure across all.

EOS Weekly Chart – Source: Tradingview.com

EOS has been performing better than Bitcoin and Ethereum over the past few weeks.

While Bitcoin and Ethereum continued to consolidate, EOS also recorded some weeks of consolidation but had a strong price performance last week and also saw increases in February.

The price spike taking place has managed to bring price above the key weekly level of $4.96 which acted as a key support level between August and November.

EOS Monthly Chart – Source: Tradingview.com

The next key level to monitor for EOS is $5.89 which is an important level on the longer-term monthly timeframe.

The level acted as support in 2018 and also acted as resistance once price fell below.

The price may find significant amounts of selling pressure at this level.

EOS Daily Chart – Source: Tradingview.com

Contrasting Ethereum, EOS managed to move above its key weekly level during yesterdays price action.

After a brief retracement close to the level, the price followed up with another wave of buying today.

Similar to the Ethereum, the weekly and daily MACD for EOS are increasing reflecting high amounts of buying pressure.

Key takeaways: After months of consolidation, the price of Ethereum has undergone a price spike and rose above a key weekly level. The price spike brings an end to a prolonged period of consolidation for Ethereum. The next key level to monitor for EOS is $5.89 where the price may find significant amounts of selling pressure. The MACD and RSI are increasing across multiple timeframes in both Ethereum and EOS reflecting high amounts of buying pressure. Latest Ethereum & EOS News:

How to Mine Ethereum [2019] – Complete Guide on Ether [ETH] Mining

EOS Price Prediction: Will EOS Break Out Above the $4.7 Resistance?

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Ethereum [ETH] & EOS Price Action – Altcoins Spring Back to Life After a Long Spell of Consolidation was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cash & Back Coin (CNBC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 CNBC

price life consolidation ethereum altcoins back eos

Источник: blokt.com

price life → Результатов: 68


Фото:

Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half.

2019-3-13 22:26


NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

2019-2-15 22:51


Why the Bitcoin Market can Crash like the Dutch Tulip Mania

Tulip Mania was an ancient flower that became the face of all investment assets in that Era and became a productive asset to the Netherland. After its discovery, the flower began to take a sudden surge in price which attracted investors from all walks of life to purchase this money making a flower with a […] The post Why the Bitcoin Market can Crash like the Dutch Tulip Mania appeared first on ZyCrypto.

2019-2-6 18:07


Ethereum Price Analysis: ETH/USD Delicate at $100, Price may Drop to $1 or Snap Back to $250

Latest Ethereum News There are three main pieces of infrastructure that supports the Ethereum Ecosystem: Truffle, Infura and MetaMask. Truffle is a “A world-class development environment, testing framework and asset pipeline for blockchains using the Ethereum Virtual Machine (EVM), aiming to make life as a developer easier” while Infura is an “API and developer tools […] The post Ethereum Price Analysis: ETH/USD Delicate at $100, Price may Drop to $1 or Snap Back to $250 appeared first on Ethereum World News.

2018-12-4 14:56


Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

2018-10-20 01:31


Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30


Фото:

Hottest Cryptos From September

If you take a look at the cryptocurrency market over the past few months then you’d probably be looking to get the tissues ready, especially if you’re an investor. Despite the fluctuation in price over the course of this year, some began to have life breathed into them in the several ecosystems and communities where traders are anticipating it to have a surge on the crypto markets.

2018-10-5 13:30


Фото:

VeChain Price Prepares for Lift-off as HitBTC Trading Goes Live

A lot of the top cryptocurrencies are on the brink of noting strong gains. VeChain is one of the first movers in the top 20 to show some signs of life. The VET price has noted a strong 2% increase over the past 24 hours, and it seems there may be further gains on the […] The post VeChain Price Prepares for Lift-off as HitBTC Trading Goes Live appeared first on NullTX.

2018-10-3 00:40


Фото:

DPW Holdings New Hydroelectric Dam Is A Crypto Mining Revolution

Valatie Falls Hydroelectric Dam, New York, is set to see a new life within cryptocurrency mining, after firm DPW Holdings Inc made a bid to purchase the aging dam in March 2018. This will see a new cryptocurrency mining branch open up within DPW Holdings, a brave move considering the falling profitability of cryptocurrency mining as a result of depleting values from currencies such as Bitcoin and Litecoin and of course, an increase in the price of energy and mining equipment.

2018-8-28 14:00


дальше еще 19 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.