Author: Tamersameeh

Ethereum price analysis – Temporary downwards price correction

After rising to a week high of $838 on Sunday, a downwards price correction attempt began pulling ethereum price downwards to a day low of $685 on Monday. Even though the price of ether dipped below the support level around $713.24, it rose within less than 8 hours above this significant support level which corresponds to the 61.8% Fibonacci retracement. The market’s bulls took the upper hand again after this …
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Ethereum price analysis – Bulls still on top!

  Ethereum price continued on rising today to score a day high of $830 earlier today. The price of ether has been recording higher day highs for four successive days now. Moreover, the closing day price has been rising since last Wednesday. The bulls’ control over the market is growing stronger as the price of ether is heading steadily towards a significant resistance level near $850. The rise in ethereum …
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Ethereum price analysis – Heading towards $850

  Ethereum price continued rising along the uptrend line that has been evident since the second week of April, to score a day high of $770 during Thursday’s trading sessions so far. The market’s bulls managed to break through the resistance around $713.24 on Wednesday, as we expected during our previous Ethereum price analysis. Chances are high that we can see the price of ether continue rising, especially that the …
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Ethereum price analysis – Rising steadily towards $713.24

Ethereum price has been rising steadily during the past few days along the upwards trend line that has been evident since AprilĀ  7th. $700 was repeatedly the day high on Saturday and Sunday. Repeated cycles of upwards price bursts followed by brief downwards price correction attempts have been evident on the 4 hour ETHUSD charts, since last Friday. However, the upwards trend line has been acting as a rising support …
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