ETH/USD Orbiting 1776 Level: Sally Ho’s Technical Analysis

Ethereum (ETH/USD) weakened slightly early in today’s Asian session as the pair depreciated to the 1772.72 area after trading as high as the 1819.20 area during the European session, with the interday high representing a test of the 50-hour simple moving average, and the 76.4% retracement of the depreciating range from 1976.72 to 1292.76.  Chartists observe the pullback during the North American session was just below the appreciating range from 1706.25 to 1819.20.  Stops were recently elected above the 1881.21 level during the climb, representing the 78.6% retracement of the depreciating range from 2041.42 to 1292.76.  If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, […]

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Ethereum (ETH) Price Analysis – March 3, 2021

Grayscale, a well-known digital currency investment fund and trust company, has sold 217 Ethereum in the past 24 hours, only to scoop up more Ethereum – Grayscale purchased 19,238 Ether in the past 7 days to expand its Ethereum Trust. Within the month of January alone, Grayscale Asset Management has purchased an additional 243,302 Ether, which is valued […]

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Ethereum and Bitcoin Slide As Mastercard and Amazon Make Crypto Moves

It was a mixed day on the crypto markets. The mega caps, Bitcoin and Ethereum both saw nearly 4% losses. For Bitcoin, the currency appears to have found an oscillating rhythm between $45,500 and $44,500, according to data company Nomics.  Interestingly, Ethereum has found a similar groove with its price. It spent the last 24 hours wavering between peaks […]

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ETH/USD Lower After New Multi-Year High Of 1839: Sally Ho’s Technical Analysis 10 February 2021 ETH

Ethereum (ETH/USD) weakened early in today’s North American session as the pair depreciated to the 1700 area after trading as high as the 1839 area during the European session, with the intraday high representing a fresh multi-year high.  Traders lifted ETH/USD from the 1750.60 area during the Asian session, and chartists observe that today’s intraday low represents a test of the 76.4% retracement of the recent depreciating range from 1763.93 to 1493.28.   Some Stops were elected below the 50-hour simple moving average today, and technical support emerged above the 100-hour simple moving average.  Some traders are now focused […]

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