Ethereum (ETH) Price Analysis: Pullback Before Further Increase

Ethereum price started a downside correction from the $154.00 zone. ETH/USD declined below $150.00, but it is likely to find support near $138.50 for a fresh upward move.

  • Ethereum price is slowly correcting lower towards the $142.25 and $138.50 supports.
  • ETH/USD is following a short term declining channel with resistance at $146.50 on the 30-minute chart.
  • The price is likely to find a strong buying interest near the $138.50-140.00 area.

Ethereum ETH Price

Ethereum Price Analysis

After a strong bullish wave, Ethereum price faced sellers near the $154.00-155.00 resistance zone. ETH/USD started a downside correction and traded below the $150.00 and $148.00 support levels.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair formed a short term top at $153.76 and later dipped below the $150.00 support. There was a break below the $148.00 support and the 25 simple moving average (30-min).

The price broke the 50% Fib retracement level of the recent wave from the $138.69 low to $153.76 high. Moreover, there was a break below a key bullish trend line with support at $150.50 on the same chart.

It opened the doors for more losses below the $148.00 level and the price tested the $145.00 support. At the moment, the price is trading near the 61.8% Fib retracement level of the recent wave from the $138.69 low to $153.76 high.

More importantly, it is following a short term declining channel with resistance at $146.50. It seems like there are chances of more declines towards the $140.25 or $138.50 support levels in the near term.

However, the $138.50 support area could act as a strong barrier for buyers. If there are more losses, the next stop might be $135.10 and the 1.236 Fib extension level of the recent wave from the $138.69 low to $153.76 high.

On the other hand, if the $138.50 support holds the current decline, Ethereum price could bounce back above $144.00 and $145.00. However, ETH/USD must settle above the $150.00 resistance area to surge above $154.00 and $155.00 in the coming sessions.

The market data is provided by TradingView, Bitfinex.

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Ripple (XRP) Price Analysis: Uptrend Intact Above $0.3140

Ripple price rallied recently above the $0.3500 resistance before it corrected lower. XRP is under pressure, but it is likely to find support near the $0.3200 or $0.3140 support zone.

  • Ripple price declined sharply after trading as high as $0.3549.
  • This week’s followed bullish trend line was breached with support at $0.3400 on the 30-minute chart.
  • XRP tested the $0.3220 support and it is currently under pressure below the $0.3400 level.

Ripple XRP Price

Ripple Price Analysis

Yesterday, we saw the start of a solid upward move above the $0.3220 and $0.3380 resistance levels in ripple price. XRP/USD gained momentum and broke the $0.3400 and $0.3460 resistance levels. It traded as high as $0.3549 and later started a downside correction.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair gained momentum after it broke the $0.3375 resistance. The price traded towards the $0.3550 level and topped at $0.3549.

Later, sellers took control and pushed the price below the $0.3460 support and the 25 simple moving average (30-minute). It opened the doors for more declines and the price cleared the 50% Fib retracement level of the last wave from the $0.3017 low to $0.3549 high.

However, buyers appeared near the $0.3250 and $0.3220 support levels. The price is currently consolidating above $0.3250 and the 61.8% Fib retracement level of the last wave from the $0.3017 low to $0.3549 high.

The current price action is slightly bearish, suggesting more losses below the $0.3220 support. The next key support is near the $0.3140 level, which is likely to act as a strong buy zone.

On the upside, there is a key resistance formed near $0.3350, the 25 simple moving average (30-minute), and a bearish trend line on the same chart. Therefore, a clear break above the trend line and $0.3400 is must for the price to move back in a positive zone.

To sum up, there could be more bearish moves in ripple below the $0.3220 level, but as long as XRP is trading above the $0.3140 support, it could start a new upward move in the near term.

The market data is provided by TradingView, Bitfinex.

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Ripple (XRP) Price Analysis: Charts Accurately Predicted Bounce, Now What?

Ripple price surged higher and traded close to the $0.3400 resistance. XRP moved into a bullish zone and it could continue to accelerate towards the $0.3500 and $0.3550 resistances.

  • Ripple price gained bullish momentum and broke the $0.3220 resistance area.
  • Yesterday’s bullish trend line played its part with current support at $0.3285 on the 30-minute chart.
  • XRP remains well supported above $0.3220 and it could soon take out the $0.3400 resistance.

Ripple XRP Price

Ripple Price Analysis

Yesterday, we discussed a possible bullish break in ripple price above the $0.3220 resistance. XRP/USD did gain bullish momentum, broke the $0.3220 resistance, and traded close to the $0.3400 resistance area. Ethereum and bitcoin also extended gains and traded above $150 and $3,800 respectively.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair climbed higher steadily and broke the $0.3200 and $0.3220 resistance levels. There was even a close above the $0.3220 level and the 25 simple moving average (30-minute).

The price surpassed the $0.3350 level and traded towards the $0.3400 resistance. A new weekly high was formed at $0.3388 and later the price started a downside correction. It traded below the $0.3350 and $0.3320 support levels.

However, the $0.3250 and $0.3240 levels acted as a solid support and prevented declines. More importantly, yesterday’s bullish trend line played well with current support at $0.3285.

A low was formed at $0.3258 and the price traded towards the 50% Fib retracement level of the last decline from the $0.3388 high to $0.3258 low. The current price action is positive above the $0.3260 level and the 25 simple moving average (30-minute).

Therefore, there are high chances of an upside extension above the $0.3380 and $0.3400 levels. A successful close above the $0.3400 resistance could set the pace for more upsides towards the $0.3440 and $0.3500 resistance levels.

On the other hand, if ripple price trades below the bullish trend line and $0.3280, it could test the key $0.3220 support area (the previous resistance). Overall, buyers remain in action and XRP, BTC, ETH, EOS and BCH might continue to rise in the near term.

The market data is provided by TradingView, Bitfinex.

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Ethereum (ETH) Price Analysis: Gains Are Slowing But Not Likely Over

Ethereum price climbed further and broke the $146.00 and $150.00 resistance levels. ETH/USD traded close to the $154.00 level and it is currently correcting lower towards the $144.00 support.

  • Ethereum price remained in an uptrend and recently broke the $150.00 resistance.
  • ETH/USD is following a solid bullish trend line with support at $147.00 on the 30-minute chart.
  • The price could correct lower in the short term, but declines could be limited near $145.00.

Ethereum ETH Price

Ethereum Price Analysis

The past few days were excellent for Ethereum price as it broke key resistances near $130.00 and $140.00. ETH even broke the $150.00 resistance area recently and dragged bitcoin, EOS, litecoin and ripple into the bullish zone.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair settled above the $138.00 and $140.00 resistance levels. Later, there was a fresh rally and the price surpassed the $146.00 and $150.00 resistance levels. It traded close to the $154.00 level and a new monthly high was formed at $153.78.

At present, the price is correcting lower below the $152.00 level and the 23.6% Fib retracement level of the recent leg from the $139.30 low to $153.78 high. However, there are many supports near $158.00, $157.00, and the 25 simple moving average (30-min).

Moreover, there is a solid bullish trend line in place with support at $147.00 on the same chart. The current price action is slightly bearish, suggesting a break below the trend line and $146.00.

The next key support is near the $145.00 level and the 61.8% Fib retracement level of the recent leg from the $139.30 low to $153.78 high. The key pivot level could be $142.00 and the 76.6% Fib retracement level of the same leg.

Should ETH trade below the $142.00 support, it could decline towards the $138.00 and $136.00 levels. On the other hand, if Ethereum price stays above the $145.00 support, there are high chances of a fresh rally above the $152.00 and $155.00 resistances in the coming sessions. The next major resistance is near the $162.00-163.00 area.

The market data is provided by TradingView, Bitfinex.

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Ethereum (ETH) Price Analysis: Rally Looks Real, Bulls Target $150

Ethereum price rallied recently and climbed more than 10% above $135.00. ETH/USD is placed in a strong uptrend and it seems like bulls are eyeing a test of the $150.00 resistance.

  • Ethereum price surged higher and broke the $128.00 and $135.00 resistance levels.
  • ETH/USD is placed nicely above a key bullish trend line with support at $136.00 on the 30-minute chart.
  • The price could extend gains above the $142.00 level and climb towards the $150.00 resistance.

Ethereum ETH Price

Ethereum Price Analysis

In the past few hours, Ethereum price gained a strong bullish momentum after it broke the $126.00 and $128.00 resistance levels. ETH outpaced bitcoin, ripple, litecoin, EOS and other cryptocurrencies to post more than 10% gains.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair rallied significantly after there was a clear break above the $128.00 and $130.00 resistance levels. The price even settled above the $132.00 level and the 25 simple moving average (30-min).

Buyers gained strength above the $135.00 and $140.00 resistance levels. A new monthly high was formed at $142.59 and the price is currently placed above the $140.00 level.

An initial support on the downside is $138.80 and the 23.6% Fib retracement level of the recent move from the $126.66 low to $142.59 high. However, the main support is near the $136.00 and $135.00 levels (the previous resistances).

Moreover, there is a key bullish trend line in place with support at $136.00 on the same chart. Besides, the 50% Fib retracement level of the recent move from the $126.66 low to $142.59 high is close to the $135.00 level.

Therefore, if there is a short term downside correction, buyers are likely to defend the $136.00 and $135.00 support levels. On the upside, an initial resistance is near the $142.50 level, above which the price may struggle near $145.00 and a connecting resistance trend line.

The main target for buyers could be $150.00, where Ethereum price is likely to face a strong selling interest. Overall, the current trend is super strong and it seems like ETH might continue to rise towards $145.00 and $150.00 in the near term.

The market data is provided by TradingView, Bitfinex.

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Ripple (XRP) Price Analysis: Primed for Liftoff To $0.3400

Ripple price climbed higher and broke the key $0.3100 and $0.3150 resistances. XRP buyers seem to be hesitant, but the price is likely to accelerate above the $0.3250 and $0.3320 resistances.

  • Ripple price broke the $0.3100 resistance and settled above $0.3150.
  • There is a major bullish trend line formed with support at $0.3145 on the 30-minute chart.
  • XRP could dip a few points, but buyers remain in control as long as the price is above $0.3100.

Ripple XRP Price

Ripple Price Analysis

After testing the $0.3000 support area, ripple price bounced back above the $0.3040 support. Later, XRP/USD started a decent upward move and broke the $0.3090 and $0.3100 resistance levels to move into a positive zone.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair settled above the $0.3100 resistance and the 25 simple moving average (30-minute). Finally, there was a break above the $0.3150 barrier and the price surpassed the $0.3200 resistance.

A new weekly high was formed at $0.3229 and the price is currently correcting gains. It dipped below the 23.6% Fib retracement level of the last wave from the $0.3015 low to $0.3229 high. However, the decline was protected by the $0.3160 level.

On the downside, there is a strong support formed near $0.3150 (the previous resistance). Moreover, there is a major bullish trend line formed with support at $0.3145 on the same chart.

If there is a break below $0.3150 and the trend line, the price could test the $0.3120 support. The 50% Fib retracement level of the last wave from the $0.3015 low to $0.3229 high is also placed near the $0.3122 level to act as a support.

As long as the price is above the stated supports, buyers remain in action. On the upside, an initial resistance is near the $0.3220 level, above which the price will most likely accelerate towards $0.3300 and $0.3320.

The main target for ripple buyers in the short term could be $0.3400 or $0.3440. Overall, XRP remains well supported and the recent bullish moves in bitcoin, Ethereum and other altcoins may continue to support the cryptocurrency market in the coming sessions.

The market data is provided by TradingView, Bitfinex.

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Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) & EOS Price Analysis 15th February

Bitcoin price finally rebounded after forming a strong support at $3,400. BTC/USD rallied above the $3,550 resistance, traded towards the $3,800 resistance, and later corrected lower. The current price action is positive and there could be more gains in bitcoin and altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC) and EOS.

Cryptocurrency Price Watch

Key Takeaways:

  • Bitcoin price surged above the $3,550 and $3,620 resistance levels.
  • Ethereum price broke a crucial declining channel with resistance near $106 and settled above $115.
  • Ripple price is forming a significant breakout pattern with resistance at $0.3130 and support at $0.3000.
  • EOS price rallied recently above the $2.55 resistance and tested the $3.00 barrier.
  • INO and TKN rallied more than 150% during the past 7 days.

Bitcoin Price Analysis

After forming a solid support base near $3,400, bitcoin price started a strong upward move. BTC/USD broke the key $3,550 resistance area to move into a bullish zone and start a decent uptrend.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price broke many hurdles on the way up, including $3,620 and the 21 simple moving average (4-hours). More importantly, there was a break above a crucial bearish trend line with resistance at $3,450.

The upward move was strong as the price climbed above the $3,700 resistance and traded towards the $3,800 resistance. A high was formed at $3,800 and later the price started a downside correction.

It declined below the $3,700 level and the 23.6% Fib retracement level of the recent wave from the $3,404 low to $3,800 high. However, there is a strong support formed near the $3,625 and $3,640 levels.

Besides, it seems like there is a key bullish flag forming with resistance near $3,700 on the same chart. Should bitcoin break the channel resistance, the price could resume its upward move above $3,750. The main resistance is at $3,800, above which the price may perhaps test the $4,000 level in the coming days.

On the downside, the $3,600 support and the 50% Fib retracement level of the recent wave from the $3,404 low to $3,800 high are important buy zones. However, the main support is near the $3,550 level, which is a pivot zone and acted as a resistance earlier.

Therefore, dips remain supported near the $3,600 and $3,550 levels. On the upside, a break above $3,700 and $3,800 is needed for an acceleration towards the $4,000 and $4,200 resistances.

Ethereum Price Analysis

Ethereum price also formed a strong support near the $100-102 zone. ETH/USD gained bullish momentum this week and broke many resistance levels, including $110 and $115.

Ethereum Price Analysis ETH Chart

Ethereum Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded as low as $102 and later climbed above the $110 resistance. During the rise, there was a break above a crucial declining channel with resistance near $106. The price traded above the $115 resistance and settled above the 21 simple moving average (4-hours).

Buyers gained control above the $120 and $125 levels. A high was formed at $130 and later the price corrected lower. It declined below the 23.6% Fib retracement level of the last wave from the $102 low to $130 high.

However, the $120 support area is acting as a decent barrier for sellers. Moreover, there is an ascending channel formed with support at $122 on the same chart.

On the upside, the price must break the $128 and $130 resistance levels to trade further higher. The next stop for buyers could be near $140 or $144. On the other hand, if there is a downside break below the channel support, the price might test the $116 support area.

The 50% Fib retracement level of the last wave from the $102 low to $130 high is also near the $116 level to act as a solid support. Overall, there are high chances of more gains in Ethereum price as long as it is above the $116 support.

Ripple Price Analysis

Ripple price spiked higher on a couple of occasions above the $0.3200 resistance level against the US Dollar. However, XRP/USD buyers failed to retain strength, resulting in bearish and range moves above the $0.3000 support area.

Ripple Price Analysis XRP Chart

Ripple Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded as high as $0.3427 recently and later corrected lower. It declined heavily and broke the $0.3200 and $0.3000 support levels. The price even broke the $0.2950 support and the 21 simple moving average (4-hours).

A low was formed at $0.2900 and later the price started an upside correction. Buyers pushed the price above the 50% Fib retracement level of the last drop from the $0.3427 high to $0.2900 low.

However, the upward move was capped by the $0.3250 resistance and the 61.8% Fib retracement level of the last drop from the $0.3427 high to $0.2900 low. Ripple trimmed gains and it is currently consolidating above the $0.3000 support area.

More importantly, there is a significant breakout pattern formed with resistance at $0.3130 and support at $0.3000 on the same chart. If there is an upside break above $0.3130 and $0.3150, there could be a solid wave towards the $0.3250 and $0.3350 resistance levels.

Conversely, a downside break below the $0.3000 support might increase bearish pressure on XRP and it could decline towards the $0.2900 or $0.2850 support in the coming sessions.

EOS Price Analysis

EOS price was one of the best performers as it broke the key $2.50 and $2.55 resistances against the US Dollar. After trading in a broad range for a long time, buyers finally took over and pushed the price above the $2.55 and $2.60 resistances.

EOS Price Analysis Chart

EOS Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price climbed above the $2.60 and $2.70 resistance levels to move into a positive zone. There was even a close above the $2.65 level and the 21 simple moving average (4-hours).

The price traded towards the $3.00 resistance and formed a high at $3.06 before starting a downside correction. It traded below the $2.90 level and the 23.6% Fib retracement level of the last wave from the $2.31 low to $3.06 high.

However, there is a short-term connecting bullish trend line in place with support at $2.80 on the same chart. It seems like there are two possible scenarios. First, the price continues to move higher towards the $3.00 and $3.10 resistance levels.

Second, the price breaks the trend line and tests the $2.65 support area before a fresh upward move. Besides, the 50% Fib retracement level of the last wave from the $2.31 low to $3.06 high is also near the $2.68 level to act as a support.

Top Gainers

During the past 7 days, a few small cap altcoins rallied and posted gains more than 100%, including INO, TKN, EMPR, UBT, CARD, DIM and LTO (trading volume more than $50K). Out of these, INOR rallied around 400% and TKN gained nearly 180%.

To sum up, bitcoin price clearly moved into a positive zone above the $3,550 and $3,600 levels. Having said that, BTC buyers need to gain strength above $3,700 and $3,800 to push the price further higher. If they continue to struggle, there could be a bearish reaction in BTC and altcoins such as Ethereum, ripple, EOS, stellar, XRP, BNB, ADA, LTC, TRX, XMR and NEO.

The market data is provided by TradingView, Bitfinex.

The post Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) & EOS Price Analysis 15th February appeared first on Blockonomi.

Bitcoin (BTC) Price Analysis: Looks to Break Higher Against All Odds

Bitcoin price rallied recently and tested the $3,800 resistance area. BTC/USD is currently correcting, but it remains well supported above $3,630 for more gains in the near term.

  • BTC price is trading nicely above the $3,645 and $3,630 support levels.
  • There is a major declining channel in place with resistance at $3,720 on the 30-minute chart.
  • Buyers are likely to gain strength above $3,720 as long as the price is above $3,630.

Bitcoin BTC Price

Bitcoin Price Analysis (BTC/USD)

This week, there was a solid upward move above the $3,600 resistance in bitcoin price. BTC even broke the $3,700 resistance and challenged the $3,800 resistance area before starting a downside correction.

Bitcoin Price Analysis BTC Chart

Click to Enlarge Chart

Looking at the 30-minute chart of BTC/USD, the pair formed a high at $3,800 and later started a substantial downside correction. Many intermediate highs were formed near $3,750, $3,720 and $3,680 before the price traded below the $3,650 support level. A low was formed at $3,631 and later the price bounced back above $3,650.

There was a break above the 23.6% Fib retracement level of the recent drop from the $3,742 high to $3,631 low. Buyers were able to push the price above the $3,660 level and the 25 simple moving average (30-minute).

However, the price struggled to break the $3,680 resistance. At the moment, the price is forming a short term breakout pattern with resistance at $3,675. If there is a break above the channel resistance, the price could test the 50% Fib retracement level of the recent drop from the $3,742 high to $3,631 low.

To the topside, there are many resistances near the $3,700 and $3,720 levels. More importantly, there is a major declining channel in place with resistance at $3,720 on the same chart. Therefore, a successful break above the $3,720 resistance will most likely spark bullish moves. In the mentioned case, the price could break the $3,800 resistance and trade towards the $4,000 handle in the coming sessions.

Alternatively, if bitcoin price declines further and breaks the $3.630 swing low, there could be an extended decline below $3,600. The next targets for BTC sellers might be $3,550 or $3,520.

The market data is provided by TradingView, Bitfinex.

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Ripple (XRP) Price Analysis: Next Leg Higher Underway

Ripple price formed a solid support near the $0.3050 and bounced back. XRP must break the $0.3150 resistance to climb further higher towards the $0.3200 resistance.

  • Ripple price traded higher and broke the $0.3100 resistance area.
  • There was a break above a significant bearish trend line with resistance at $0.3075 on the 30-minute chart.
  • XRP remains supported on dips and it is likely to break the $0.3150 and $0.3160 resistance levels.

Ripple XRP Price

Ripple Price Analysis

After trading as low as $0.3010, ripple price started a short term upside correction. XRP/USD gained traction, settled above $0.3050, formed a solid base near $0.3050, and finally climbed above the $0.3100 resistance level.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair gained traction after it broke the $0.3080 resistance and the 25 simple moving average (30-minute). There was a clear break above the 61.8% Fib retracement level of the last drop from the $0.3159 high to $0.3010 low.

More importantly, there was a break above a significant bearish trend line with resistance at $0.3075 on the same chart. The pair surpassed the $0.3110 level and tested the next key resistance area near $0.3140-0.3150.

Later, there was a downside correction below the level $0.3110. However, the 50% Fib retracement level of the recent wave from the $0.3010 low to $0.3142 high acted as a support.

The price is currently placed nicely above the $0.3110 support and the 25 simple moving average (30-minute). However, a proper break above the $0.3140 and $0.3150 resistance levels is required for an upside acceleration towards the $0.3200 resistance.

On the other hand, if there is a fresh drop, the $0.3110 support and the 25 simple moving average (30-minute) are likely to act as strong supports. Below $0.3100, the price could revisit the main support at $0.3050.

Overall, ripple price is gaining momentum above the $0.3110 level, with positive moves. Should XRP to USD clear the $0.3150 resistance, the next stop for buyers could be $0.3200.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Next Leg Higher Underway appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Bulls Target Fresh Monthly Highs

Ethereum price is gaining momentum above $125.00 and remains supported on dips. ETH/USD is likely to break the $128.00 level to climb to a new monthly high, possibly above $130.00.

  • Ethereum price is placed in a positive zone above the $123.20 and $121.40 support levels.
  • ETH/USD seems to be forming a crucial triangle pattern with resistance near $126.80 on the 30-minute chart.
  • The price could break the $128.00 resistance and rise to a new monthly high above $130.00.

Ethereum ETH Price

Ethereum Price Analysis

After a downside correction, Ethereum price found support near the $119.00-120.00 area. ETH traded as low as $119.22 and later started a fresh upward move above the $120.00, $121.40 and $123.00 resistance levels.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair even traded above the $125.00 resistance and the 25 simple moving average (30-min). However, buyers failed to take out the last swing high at $128.16 and formed a high at $127.00.

Later, there was a minor downside correction below the $125.00 level and the 23.6% Fib retracement level of the recent rise from the $119.22 low to $127.00 high.

The recent decline was contained and losses were protected by the $123.00 support area. Besides, the 25 simple moving average (30-min) and the 50% Fib retracement level of the recent rise from the $119.22 low to $127.00 high also acted as strong supports.

The price bounced back and it is currently approaching the $127.00 high. It seems like there is a crucial triangle pattern in place with resistance near $126.80. If buyers gain strength above the $126.80 resistance and the $127.00 high, there are chances of a fresh above the $128.16 high.

The next key resistance is at $130.00, above which the price could rise towards the $132.00 and $135.00 resistance levels. On the downside, the $125.00 level is an initial support along with the 25 SMA. The main supports are near the $123.20 and $121.40 levels.

The current price action is positive and it seems like Ethereum price is likely to climb above $127.00, $128.00 and $130.00 levels in the near term.

The market data is provided by TradingView, Bitfinex.

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Ethereum (ETH) Price Analysis: Bulls Remain In Control

Ethereum price corrected lower recently and tested the $120.00 support area. ETH/USD bounced back and it seems like the pair could continue to rise towards the $128.00 level.

  • Ethereum price found a strong buying interest near the $120.00 support level.
  • ETH/USD broke a key bearish trend line with resistance at $122.30 on the 30-minute chart.
  • The price is trading with a bullish angle and it could rise towards $126.00 or $128.00.

Ethereum ETH Price

Ethereum Price Analysis

After a solid upward move, Ethereum price faced sellers near the $128.00 level. As a result, ETH corrected lower below $125.00 and tested the key $120.00 support, where buyers emerged.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair declined below the $122.00 level and the 25 simple moving average (30-min). However, the $120.00 level acted as a strong support and prevented further losses.

A low was formed at $119.24 and the price started a fresh upward move. It climbed above the $122.00 level and the 23.6% Fib retracement level of the recent downside correction from the $128.16 high to $119.24 low.

Besides, the price cleared the $122.50 level and the 25 simple moving average (30-min). Finally, there was a break above a key bearish trend line with resistance at $122.30 on the same chart.

An immediate resistance is near $123.70 and the 50% Fib retracement level of the recent downside correction from the $128.16 high to $119.24 low. If buyers gain strength above the $123.70 and $124.00 levels, there are chances of further upsides towards the $126.00 or $128.00 level.

On the other hand, if there is another bearish reaction, the price could test the $121.30 support. The main support is at $120.00, below which there is a risk of an extended drop to $118.00.

Overall, Ethereum price seems to be gaining bullish momentum above $122.00, but ETH must break the $124.00 resistance to continue higher. Besides, bitcoin price could gain strength above $3,700, which may help altcoins in the near term.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Bulls Remain In Control appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Buyers Not out of Woods Yet

Ripple price extended the downside correction below the $0.3100 support. XRP tested the $0.3000 support area and bounced back above $0.3050, with a bullish angle.

  • Ripple price traded below the $0.3100 and $0.3050 support levels before buyers protected $0.3000.
  • There is a crucial bearish trend line formed with resistance at $0.3090 on the 30-minute chart.
  • XRP could bounce back if it breaks the $0.3080 and $0.3100 resistance levels.

Ripple XRP Price

Ripple Price Analysis

There was a slow and steady decline in ripple price from well above the $0.3150 level. XRP to USD declined below the $0.3120 and $0.3100 support levels to move into a bearish zone.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair even broke the $0.3050 support and the 25 simple moving average (30-minute). However, the $0.3000-0.3010 area acted as a strong support and prevented further declines.

A low was formed at $0.3010 and later the price bounced back above $0.3040 and $0.3050. It is currently trading near the $0.3070 level, the 25 simple moving average (30-minute), and the 50% Fib retracement level of the recent drop from the $0.3126 high to $0.3010 low.

However, the main resistance on the upside is near the $0.3100 area. There is also a crucial bearish trend line formed with resistance at $0.3090 on the same chart. The trend line coincides with the 61.8% Fib retracement level of the recent drop from the $0.3126 high to $0.3010 low.

If there is a successful break above $0.3100, the price could surpass the $0.3126 swing high for a decent upward move. The next key resistance above $0.3126 is near the $0.3160 and $0.3165 levels. On the flip side, if buyers fail to gain strength above $0.3100, the price could decline once again.

An initial support is near the $0.3050 level, below which ripple price will most likely revisit the $0.3000 support area. The overall price action is positive as long as XRP is trading above $0.3000 and Ethereum price stays above $120.00.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Buyers Not out of Woods Yet appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Correction with Crucial Support Nearby After Sharp Rally

Ripple price started a downside correction after a sharp rally above $0.3200. XRP remains well bid on the downside near the $0.3050 and $0.2990 support levels.

  • Ripple price faced sellers near the $0.3250-0.3260 area and corrected lower.
  • There is a declining channel in place with resistance at $0.3140 on the 30-minute chart.
  • XRP might continue to find support near the $0.3040, $0.3000 and $0.2990 supports.

Ripple XRP Price

Ripple Price Analysis

Recently, there was a solid upward move in bitcoin and Ethereum, dragging ripple price above the $0.3100 resistance. XRP rallied above the $0.3180 and $0.3200 resistance levels before sellers appeared near the $0.3250-0.3260 area.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as high as $0.3259 and later started a downside correction. It traded below the $0.3220 and $0.3110 support levels. There was even a break below the $0.3060 support and the 25 simple moving average (30-minute).

However, the $0.3040 support area acted as a strong support and the price bounced back above $0.3060 and the 25 simple moving average (30-minute). There was a break above the 50% Fib retracement level of the recent decline from the $0.3214 high to $0.3036 low.

The upward move was capped by the $0.3150 level and the 61.8% Fib retracement level of the recent decline from the $0.3214 high to $0.3036 low.

More importantly, there is a declining channel in place with resistance at $0.3140 on the 30-minute chart. The price is currently trading well below the $0.3150 resistance level, with a minor bearish angle.

To start a fresh upward move, the price must break the $0.3140 and $0.3150 resistance levels. The next key resistance area is near the $0.3200 and $0.3210 levels. On the other hand, if there is an extended decline, the $0.3040 and $0.3000 supports could play an important role.

Should ripple price fail to stay above the $0.2990 support, there could be a sharp U-turn in the near term towards the $0.2900 and $0.2910 levels.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Correction with Crucial Support Nearby After Sharp Rally appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Correction Before Fresh Rally Incoming

Ethereum price performed really well and rallied above the $115.00 and $120.00 resistance. ETH/USD even broke the $125.00 resistance and traded as high as $128.17 before correcting lower.

  • Ethereum price is placed nicely above the $120.00 and $118.00 support levels.
  • ETH/USD is testing a short term bullish trend line with support at $122.00 on the 30-minute chart.
  • The price is likely to correct lower before a fresh upward move above $125.00.

Ethereum ETH Price

Ethereum Price Analysis

The past few days were very bullish as Ethereum price climbed above the $112.00, $115.00 and $120.00 resistance levels. ETH even surged above the $125.00 level and posted a new monthly high at $128.17.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair started a downside correction after a sharp rally towards the $130.00 resistance. It corrected below the $125.00 level and the 23.6% Fib retracement level of the recent wave from the $118.00 low to $128.17 high.

However, there is a strong support formed near the $122.00 level (the previous resistance). The 25 simple moving average (30-min) is acting as a support near the $122.50 level.

More importantly, there is a short term bullish trend line in place with support at $122.00 on the same chart. Finally, the 61.8% Fib retracement level of the recent wave from the $118.00 low to $128.17 high is near the $122.00 area.

Therefore, the $122.00 level might act as a strong support. If the price extends the current decline, the next stop for sellers could be near the $118.00 swing low. Any further losses could lead the price towards the 1.236 Fib extension level of the recent wave from the $118.00 low to $128.17 high at $115.45.

To sum up, the current price action is positive above the $118.00 and $120.00 support levels. There could be an extended dip in Ethereum price, but as long as the price is above $115.00, it could bounce back. On the upside, the main resistances area near $125.00, $128.00 and $130.00.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Correction Before Fresh Rally Incoming appeared first on Blockonomi.

Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and EOS Price Analysis 8th February

Bitcoin price declined further and tested the $3,400 support area. BTC/USD remains in a downtrend and it could either correct above $3,500 or decline further below $3,400. Similarly, all major altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC) and EOS could continue to move down.

Key Takeaways:

  • Bitcoin price extended losses below $3,500 and tested the $3,400 support level.
  • Ethereum price is following a significant declining channel with resistance near $107.
  • Ripple price is struggling below the $0.3000 and $0.3100 resistance levels.
  • EOS is consolidating in a broad range above the $2.25 support area.
  • B2G and ERC20 rallied more than 200% during the past 7 days.

Cryptocurrency Price Watch

Bitcoin Price Analysis

This week, there was a downside extension below the $3,500 level in bitcoin price. BTC/USD traded below the $3,440 support and it almost tested the $3,400 support. A new yearly low was formed at $3,404 and the price is currently consolidating losses.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price attempted a minor upside recovery above the $3,500 and $3,540 levels. The price even broke the $3,550 level and the 21 simple moving average (4-hours). However, sellers defended gains above the $3,580 and $3,600 resistance levels.

Later, there was a fresh decline and the price traded below the $3,500 support and the 21 simple moving average (4-hours). It even broke the last swing low at $3,426 and traded to a new yearly low at $3,404.

At the moment, the price is consolidating losses and it recently tested the 23.6% Fib retracement level of the recent decline from the $3,581 high to $3,404 low. However, there are many barriers on the upside near the $3,460 and $3,500 resistance levels.

Moreover, there is a major bearish trend line active with resistance at $3,455 on the same chart. Above the trend line, the next resistance is near $3,500 and the 50% Fib retracement level of the recent decline from the $3,581 high to $3,404 low.

To start a solid rebound, the price must break the $3,500 and $3,520 resistance levels. The next key resistances are at $3,580 and $3,600.

Alternatively, if there is no upside break above $3,500, the price might slide below the $3,400 support level in the near term. On the downside, the next major supports are at $3,320 and $3,250.

Ethereum Price Analysis

Ethereum price started a short term upside correction from the $103 swing low. ETH/USD traded above the $107 and $110 levels, but it faced a strong resistance near the $114 level, resulting in a fresh drop towards $103 and $102.

Ethereum Price Analysis ETH Chart

Ethereum Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded above the $107 resistance and the 23.6% Fib retracement level of the last downside move from the $123 swing high to $103 low. There was even a break above the $110 level and the 21 simple moving average (4-hours).

However, sellers appeared near the $114 and $115 resistance levels. They also defended the 50% Fib retracement level of the last downside move from the $123 swing high to $103 low.

As a result, the price failed to break the $115 resistance and started a fresh downside move. It broke the $107 support and the 21 simple moving average (4-hours). The decline was such that the price tested the $102-103 support area.

At the moment, the price is consolidating above $103 and below the 21 simple moving average (4-hours).  There is also a crucial declining channel in place with resistance at $107 on the same chart.

Therefore, a proper break above the channel resistance and the $114-115 is needed for a decent rebound in the coming sessions. If not, there is a risk of a bearish break below the $102 and $100 levels.

Ripple Price Analysis

Ripple price climbed higher sharply earlier this week after forming a support base near $0.2850 against the US Dollar. XRP/USD jumped above the $0.3000 and $0.3200 resistance levels, but buyers failed miserably near the $0.3400 resistance level.

Ripple Price Analysis XRP Chart

Ripple Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded towards the $0.3450 resistance level and formed a high at $0.3427. Later, there was a sharp decline and the price trimmed most of its gains above $0.3000. The price even broke the $0.3000 support and the 21 simple moving average (4-hours).

During the decline, there was a break below the 61.8% Fib retracement level of the last wave from the $0.2850 low to $0.3427 high. The price traded close to the $0.2850 support and formed a low at $0.2908.

At the moment, the price is consolidating above $0.2900 and below the 21 simple moving average (4-hours). An initial resistance is near the 23.6% Fib retracement level of the last drop from the $0.3427 high to $0.2908 low.

There is also a key bearish trend line in place with resistance at $0.3100 on the hourly chart. Therefore, a break above the trend line and $0.3000 is need for a correction towards $0.3300.

On the flip side, if the price fails to move past $0.3000 and $0.3100, there could be a fresh decline towards the $0.2850 and $0.2600 levels in the coming sessions.

EOS Price Analysis

EOS price was mostly confined in a tiny range below the $2.50 and $2.55 resistance levels against the US Dollar. The price recently corrected higher, but upsides were capped by the $2.50 resistance.

EOS Price Analysis Chart

EOS Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price started an upside correction after trading as low as $2.18. It recovered above the $2.30 and $2.40 resistance levels. The price traded close to the $2.50 resistance, where sellers emerged.

There was a fresh decline below $2.40 and the 21 simple moving average (4-hours). The price also traded below the 50% Fib retracement level of the last wave from the $2.18 low to $2.49 high.

On the downside, supports are visible near $2.30, $2.32, and the 61.8% Fib retracement level of the last wave from the $2.18 low to $2.49 high. On the upside, there is a strong resistance formed near $2.50 and a bearish trend line.

To climb towards the $3.00 handle, the price has to break the $2.50 and $2.55 resistance levels. If not, it could revisit the $2.25 and $2.20 support levels.

Top Gainers

During the past 7 days, a few small cap altcoins gained upward traction and moved up by more than 100%, including B2G, ERC20, TKT, PCH and ORME (trading volume more than $50K). Out of these, B2G rallied around 375% and ERC20 gained nearly 220%.

Overall, the crypto market mostly remained in a bearish zone, but bitcoin price could find support near the $3,400 level. If BTC/USD gains traction and breaks the $3,500 resistance, there are chances of a decent rebound in the coming days. If not, bitcoin and altcoins such as Ethereum, ripple, EOS, stellar, XRP, BCH, ADA, LTC, TRX, XLM and XMR could extend their decline.

The market data is provided by TradingView, Bitfinex.

The post Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and EOS Price Analysis 8th February appeared first on Blockonomi.

Bitcoin (BTC) Price Analysis: Breakdown Looks Like Real Deal

Bitcoin price declined recently and broke the $3,475 support area. BTC/USD could correct higher a few points, but it is likely to struggle near $3,475 and $3,500.

  • BTC price failed to move above the $3,500 and $3,520 resistance, resulting in a sharp drop.
  • The price is following a short term declining channel with resistance at $3,455 on the 30-minute chart.
  • Upsides in the short term towards the $3,475 and $3,500 levels are likely to remain capped.

Bitcoin BTC Price

Bitcoin Price Analysis (BTC/USD)

There were more than five attempts by bitcoin price to clear the $3,500 and $3,520 resistance levels. However, buyers struggled to push the price above the $3,520 resistance, resulting in a significant drop in BTC, Ethereum, XRP, EOS and other cryptocurrencies.

Bitcoin Price Analysis BTC Chart

Click to Enlarge Chart

Looking at the 30-minute chart of BTC/USD, the pair traded as high as $3,521 and later started a significant downward move. The pair traded below the $3,475 support level and the 25 simple moving average (30-minute) to move into a bearish zone.

The decline was strong as the price broke the $3,420 support as well and a new monthly low was formed at $3,405. Later, the price bounced back and traded above the $3,430 and $3,450 levels.

There was a break above the $3,440 level and the 25 simple moving average (30-minute). Moreover, the price tested the 50% Fib retracement level of the recent slide from the $3,521 high to $3,405 low. However, buyers struggled to gain momentum above the $3,460 level.

At the outset, the price is following a short term declining channel with resistance at $3,455 on the same chart. The current price action suggests that there could be a minor upside break above $3,455. Having said that, the previous key support at $3,475 is likely to act as a strong barrier for more gains.

Therefore, as long as bitcoin price is trading below the $3,475, $3,500 and $3,520 resistance levels, it remains at a risk of more downsides. An initial support is at $3,420 and $3,400, followed by $3,340.

The market data is provided by TradingView, Bitfinex.

The post Bitcoin (BTC) Price Analysis: Breakdown Looks Like Real Deal appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Downtrend Resumes With More Losses Possible

Ethereum price extended losses below the $107.00 and $105.50 support levels. ETH/USD could correct higher, but the previous supports are likely to act as hurdles for buyers.

  • Ethereum price declined below the $107.00 support and traded to a new weekly low.
  • ETH/USD is forming a short term breakout pattern with resistance at $104.50 on the 30-minute chart.
  • The price might correct higher in the short term, but the $107.00 level is likely to act as a strong resistance.

Ethereum ETH Price

Ethereum Price Analysis

Yesterday, we discussed about the next crucial break in Ethereum price either above $109.00 or below $107.00. ETH failed to break the $109.00 resistance level, resulting in a bearish break below the $107.00 support level.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair failed near the $109.00 and $109.20 levels on a few occasions and it finally started a downside move. There was a sharp decline below the $107.00 and $105.50 support levels.

The price even settled below the $105.50 support and the 25 simple moving average (30-min). A new weekly low was formed at $102.50 and the price is currently consolidating losses.

It seems like there is a short term breakout pattern formed with resistance at $104.50 on the same chart. There could be a minor upside correction above $104.50 and the 23.6% Fib retracement level of the recent slide from the $109.03 high to $102.50 low.

However, there are many barriers near the $105.50 and $107.00 levels (the previous supports). Besides, the 50% Fib retracement level of the recent slide from the $109.03 high to $102.50 low is also positioned near the $105.75 level.

Therefore, if there is an upside correction, the $105.50 and $107.00 resistance levels are likely to act as strong barriers in the coming sessions.

Overall, Ethereum price dived into a bearish zone along with bitcoin and ripple. It seems like ETH might continue to decline and there is a risk of a break below the $102.50 low. The next stop could be $100.00, followed by $98.00 and $96.50.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Downtrend Resumes With More Losses Possible appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Bearish Continuation Below $0.2900

Ripple price declined further and broke the $0.3000 support zone. XRP is trading with a bearish angle and it could slide further below $0.2900 in the near term.

  • Ripple price topped below the $0.3070 resistance and declined below the $0.3000 support.
  • There was a break below a declining channel with support at $0.2965 on the 30-minute chart.
  • XRP is under a lot of pressure and it may extend losses below $0.2900 and $0.2880.

Ripple XRP Price

Ripple Price Analysis

Yesterday, we discussed a strong downtrend in ripple price below the $0.3100 level. XRP remained below the $0.3100 and $0.3070 resistance levels, resulting in a downside extension below the $0.3000 support level.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as high as $0.3058 and later declined below the $0.3020 and $0.3000 support levels. There was even a close below the key $0.3000 support and the 25 simple moving average (30-minute).

Moreover, there was a break below a declining channel with support at $0.2965 on the same chart, opening the doors for a drop to $0.2900. A new monthly low was formed at $0.2923 and the price is currently consolidating losses.

An initial resistance is near $0.2960 and the 23.6% Fib retracement level of the recent drop from the $0.3058 high to $0.2923 low. However, the main resistance is near the $0.3000 level and the 25 simple moving average (30-minute).

Besides, the 50% Fib retracement level of the recent drop from the $0.3058 high to $0.2923 low is near the $0.2990 level. Therefore, if the price corrects higher, the $0.2990 and $0.3000 levels are likely to prevent gains in the near term.

On the downside, an initial support is near the $0.2920 low, below which there is a risk of a break below the $0.2900 level. The next key supports are at $0.2880 and $0.2860. Overall, ripple price is clearly trading in a downtrend below $0.3000 and $0.3050, with bearish moves. Therefore, there could be more losses below $0.2920 and $0.2900.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Bearish Continuation Below $0.2900 appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Downtrend Intact Below $0.3100

Ripple price extended losses and traded below the $0.3040 support. XRP remains in a downtrend and it may slide below the $0.2980 and $0.2950 levels.

  • Ripple price is following a bearish structure below the $0.3100 resistance area.
  • There is a breakout pattern forming with resistance near $0.3035 on the 30-minute chart.
  • XRP could either break the $0.3040 resistance or decline below the $0.2980 support.

Ripple XRP Price

Ripple Price Analysis

Yesterday, ripple price corrected a few points above $0.3070 resistance before starting a fresh decline. XRP followed a bearish structure and declined below the $0.3040 and $0.3010 support levels.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair topped near the $0.3093 and later started a fresh decline. It broke the $0.3040 and $0.3010 support levels, plus settled below the 25 simple moving average (30-minute).

A new weekly low was formed at $0.2981 and the price is currently consolidating losses. It traded above the 23.6% Fib retracement level of the recent slide from the $0.3093 high to $0.2981 low. However, there are many resistances on the upside near the $0.3040 level.

An initial resistance is near $0.3030 and the 25 simple moving average (30-minute). There is also a breakout pattern forming with resistance near $0.3035 on the same chart.

Finally, the 50% Fib retracement level of the recent slide from the $0.3093 high to $0.2981 low is near the $0.3038 level. Therefore, a break above the triangle resistance and $0.3040 is needed for a short term rebound. The next key resistance awaits near $0.3070, which might continue to act as a solid barrier for buyers.

On the downside, an initial support is near the $0.2980 low. If there is a downside break below $0.2980, the price is likely to drop towards the $0.2950 and $0.2920 support levels.

The current price action is strongly bearish as long as ripple price is trading below the $0.3070 resistance level. XRP remains at a risk of more losses below $0.2980, and it seems like bitcoin, Ethereum, and other altcoins might also slide in the short term.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Downtrend Intact Below $0.3100 appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Approaching Next Crucial Break

Ethereum price declined again and tested the $107.50 support zone. ETH/USD is currently approaching the next crucial break either above $109.00 or below $107.00.

  • Ethereum price is trading well below the $110.00 and $110.50 resistance levels.
  • ETH/USD is forming a significant breakout pattern with resistance near $109.00 on the 30-minute chart.
  • The price remains at a risk of a bearish break as long as it is trading below $110.00.

Ethereum ETH Price

Ethereum Price Analysis

There were mostly bearish moves in Ethereum price below the $110.00 and $110.50 resistance levels. ETH declined below the $108.50 level and revisited the $107.00-107.50 support area.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair spiked above the $110.00 resistance recently, but it failed to hold gains. During the rise, there was a break above the 23.6% Fib retracement level of the last slide from the $114.32 high to $107.00 low.

A fresh swing high was formed at $110.60 and later the price declined below the $109.00 and $108.00 levels. It seems like the price topped just below the 50% Fib retracement level of the last slide from the $114.32 high to $107.00 low.

The price tested the $107.00-107.50 support area and settled below the 25 simple moving average (30-min).  It is currently trading in a tight range above the $107.00 support, with a few bearish signs on the chart.

More importantly, there is a significant breakout pattern in place with resistance near $109.00 on the same chart. If there is an upside break above $109.00 and the 25 simple moving average (30-min), the price could test the $110.50 resistance.

Above $110.00 and $110.50, the price is likely to rebound towards the $112.60 or $114.20 level in the near term. On the flip side, if there is a downside break below the $107.00-107.50 support area, sellers are likely to aim for the $101.00 and $100.00 support levels.

Therefore, the next couple of sessions could be important since Ethereum price (ETH) seems to be setting up for the next short-term break either above $109.00 or below $107.00.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Approaching Next Crucial Break appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Sell on Rallies Still Valid

Ethereum price failed to capitalize above $112.00 and declined below $110.00. ETH/USD might correct higher, but sellers are likely to protect gains above $111.50.

  • Ethereum price is currently under pressure below the $111.00 resistance level.
  • ETH/USD is about to break a trend line confluence resistance near $108.80 on the 30-minute chart.
  • The price might correct towards the $110.00 or $111.50 resistance, where sellers are likely to emerge.

Ethereum ETH Price

Ethereum Price Analysis

This past week, there was a decent upside correction in Ethereum price above the $111.00 resistance. ETH moved towards the $115.00 resistance and traded as high as $114.33 before starting a fresh decline.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair declined heavily below the $114.00 level. It broke the $112.00 and $110.00 support levels to move back in a bearish zone. Besides, there was a break below the $108.50 level and the 25 simple moving average (30-min).

The price traded as low as $107.03 and later started a short term rebound. It recently tested the 23.6% Fib retracement level of the recent drop from the $114.33 high to $107.03 low.

More importantly, the price is currently trading near a trend line confluence resistance at $108.80 on the same chart. If there is an upside break above $108.80 resistance, the price could test the next key resistance at $111.00.

However, the main resistance is near $111.50 and the 61.8% Fib retracement level of the recent drop from the $114.33 high to $107.03 low. A proper close above the $111.50 resistance will most likely clear the path for more gains towards the $114.00 and $115.00 resistance levels.

On the other hand, if the price fails to break the $110.00 or $111.50 resistance, it could resume its slide. An initial support is at $107.00, below which sellers might eye the $105.50 swing low. The main support is at $104.00, below which the price could test $100.00.

Overall, bitcoin, Ethereum and ripple are clearly struggling below key resistance levels. In the short term, ETH might attempt an upside correction, but it is likely to fail near $111.50.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Sell on Rallies Still Valid appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Primed for More Declines?

Ripple price failed to break the $0.3180 resistance and declined recently. XRP is under pressure and it may continue to move down towards $0.3000 or $0.2950.

  • Ripple price is trading with a bearish angle below the $0.3100 and $0.3170 resistances.
  • There is a declining channel in place with resistance at $0.3060 on the 30-minute chart.
  • XRP remains at a risk of more losses towards $0.3000 or $0.2950.

Ripple XRP Price

Ripple Price Analysis

There were many failures in ripple price near the $0.3170 and $0.3180 resistance levels. XRP declined recently and broke the $0.3100 and $0.3070 support levels to move into a bearish zone.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair settled below the $0.3070 pivot level and the 25 simple moving average (30-minute). It traded as low as $0.3011 and later started a short-term upside correction.

The price is currently testing the 23.6% Fib retracement level of the recent slide from the $0.3188 high to $0.3011 low. Moreover, there is a declining channel in place with resistance at $0.3060 on the same chart.

The current price action suggests that the price may perhaps break the channel resistance and $0.3070. However, there are many resistances on the upside near the $0.3100 and $0.3120 levels.

Besides, the 50% Fib retracement level of the recent slide from the $0.3188 high to $0.3011 low is near the $0.3100 level to act as a solid hurdle for buyers. If there is a break above the $0.3100 and $0.3120 resistance levels, the price could test the all-important $0.3170-0.3180 resistance zone.

As long as the price is trading below the $0.3170-0.3180 resistance zone, it remains in a downtrend. An initial support is at $0.3020, below which there is a risk of a drop below the $0.3000 support.

Overall, ripple price is trading in a negative zone below $0.3100 and $0.3120. There could be short-term bullish moves in XRP, but upsides are likely to be capped near the $0.3170-0.3180 resistance zone. On the downside, the key supports are $0.3020, $0.3000 and $0.2950.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Primed for More Declines? appeared first on Blockonomi.

Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) & EOS Price Analysis 1st February

Bitcoin price failed to gain bullish momentum and declined below the $3,550 support. BTC/USD is currently following a bearish structure below $3,600 and it could extend losses in the near term. Similarly, all major altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC) and EOS remain at a risk of further declines.

Key Takeaways:

  • Bitcoin price failed to break the $3,600 resistance and declined to a new yearly low.
  • Ethereum price extended losses and traded close to the $100-101 support area.
  • Ripple price rallied from the $0.2850 support, but it failed to surpass the $0.3400 barrier.
  • EOS remained below the $2.50 resistance, with range moves.
  • B2G and BBC rallied more than 600% during the past 7 days.

Cryptocurrency Price Watch

Bitcoin Price Analysis

This week, there were further bearish moves in bitcoin price below the $3,600 pivot level. BTC/USD traded below the $3,500 support and formed a new yearly low at $3,426 before starting a short term upside correction.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price recovered above the $3,450 and $3,500 resistance levels. There was also a break above the $3,520 level and the 21 simple moving average (4-hours).

Buyers were successful in pushing the price above the 23.6% Fib retracement level of the recent decline from the $3,750 high to $3,426 low. However, the recovery faced a strong resistance near the $3,550 and $3,575 resistance levels.

Moreover, there is a crucial bearish trend line in place with resistance at $3,560 on the same chart. The price even failed to test the 50% Fib retracement level of the recent decline from the $3,750 high to $3,426 low.

Therefore, a proper break and close above the trend line plus $3,600 is needed for buyers to gain bullish momentum in the near term. The next key resistances are near the $3,750 and $3,800 levels.

On the other hand, if there is no upside break above $3,600 in bitcoin, there is a risk of more losses. An initial support is at $3,440, below which the price could break the $3,426 low and trade towards the $3,320 level in the coming sessions.

Ethereum Price Analysis

Ethereum price remained in a downtrend and broke the $115 and $110 support levels. ETH/USD even broke the $105 support and traded to a new yearly low near $103. It traded close to the $100-101 support and later started an upside correction.

Ethereum Price Analysis ETH Chart

Ethereum Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price recovered above the $105 and $107 resistance levels. There was a break above the 23.6% Fib retracement level of the last slide from the $122 high to $103 swing low. The price also traded above the $110 level and the 21 simple moving average (4-hours).

However, the price failed to break the $114-115 resistance zone, which was a crucial support earlier this week. Sellers also defended the 50% Fib retracement level of the last slide from the $122 high to $103 swing low.

As a result, the price declined once again and traded below the $18 level plus the 21 simple moving average (4-hours). The current price action is bearish and it seems like the price may soon revisit the $103 swing low.

If sellers remain in action, there is even a chance of ETH testing the main $100 support. If there is a downside break below the $100 support, there could be a sharp decline in Ethereum towards the $90 and $85 support levels.

On the upside, there is a strong resistance formed near $112, $113, and a declining channel on the same chart. A successful close above the $114 level is needed for buyers to gain traction in the coming days.

Ripple Price Analysis

Ripple price declined further earlier this week and traded below the $0.3000 support against the US Dollar. However, XRP/USD found a strong support near the $0.2850 level and later started a sharp upward move.

Ripple Price Analysis XRP Chart

Ripple Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price climbed above the $0.3000 and $0.3150 resistance levels. There was a break above the 23.6% Fib retracement level of the last drop from the $0.4045 high to $0.2850 low.

The price also traded above the $0.3200 level and the 21 simple moving average (4-hours). However, there was no clear break above the $0.3400 resistance and the price failed to test the 50% Fib retracement level of the last drop from the $0.4045 high to $0.2850 low.

More importantly, there was a rejection near a crucial bearish trend line with resistance at $0.3320 on the same chart. As a result, there was a fresh drop below $0.3200 and the price trimmed most of its recent gains.

It seems like the price is back in a bearish zone and it could revisit the $0.2850 support level. Conversely, to start a solid upward move, ripple price must surpass the bearish trend line and break the $0.3400 resistance.

EOS Price Analysis

EOS price failed to break the $2.50 resistance and declined heavily against the US Dollar. The price broke the $2.35 support and even spiked below the $2.25 pivot before buyers appeared.

EOS Price Analysis Chart

EOS Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price tested the $2.20 level and later recovered above the $2.25 and $2.30 levels. Moreover, there was a close above the $2.30 level and the 21 simple moving average (4-hours).

However, the price is still well below the $2.45 and $2.50 resistance levels. Besides, there is a major bearish trend line in place with resistance at $2.50 on the same chart.

Therefore, there are many hurdles on the upside near the $2.50 and $2.55 levels. Besides, the 50% Fib retracement level of the last slide from the $3.06 swing high to $2.24 swing low is also near the $2.55 level to act as a solid resistance.

If the price continues to struggle near the $2.50 and $2.55 resistance levels, there is a risk of a downside break below the $2.25 and $2.20 support levels in the near term. The next main support for EOS buyers is near the $2.00 handle.

Top Gainers

During the past 7 days, a few small cap altcoins traded higher and gained significantly, including B2G, BBC, DXR, ORME, VME and SENC (trading volume more than $50K). Out of these, B2G rallied around 800% and BBC gained nearly 700%.

Overall, the crypto market and bitcoin price made a decent attempt to start a fresh upward move, but buyers failed near key resistance levels. As long as BTC/USD is trading below the $3,550 and $3,600 resistance levels, there is a risk of more losses towards $3,200. Similarly, Ethereum, ripple, EOS, stellar, XRP, BCH, ADA, LTC, TRX, BNB and XMR could decline further in the coming days.

The market data is provided by TradingView, Bitfinex.

The post Price Watch: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) & EOS Price Analysis 1st February appeared first on Blockonomi.

Bitcoin (BTC) Price Analysis: Key Reversal On The Cards

Bitcoin price formed a solid support near the $3,450 level and jumped higher. BTC/USD broke the key $3,515 resistance to move into a positive zone towards $3,600.

  • BTC price started a decent recovery and moved above the $3,515 and $3,540 resistances.
  • The price is following a short term ascending channel with support at $3,540 on the 30-minute chart.
  • Dips remain supported and the price is likely to climb towards the $3,600 resistance.

Bitcoin Price 2019

Bitcoin Price Analysis (BTC/USD)

After a major decline, bitcoin price found bids near the $3,420 and $3,440 levels. BTC/USD formed a strong support base and later started an upward move above the $3,480 resistance level, helping Ethereum, XRP, EOS and other cryptocurrencies as well.

Bitcoin Price Analysis BTC Chart

Click to Enlarge Chart

Looking at the 30-minute chart of BTC/USD, the pair traded as low as $3,422 and later started consolidating near the $3,450 level. Finally, buyers managed to gain strength and pushed the price above the $3,515 and $3,540 resistance levels.

Moreover, there was a close above the $3,515 resistance and the 25 simple moving average (30-minute). The price traded as high as $3,575 and it is currently correcting gains. An initial support is near the $3,540 level and the 25 simple moving average (30-minute).

There is also a short term ascending channel in place with support at $3,540 on the same chart. Below the channel support, the next major support is at $3,515 and the 50% Fib retracement level of the recent wave from the $3,451 low to $3,575 high.

If buyers struggle to keep the price above the $3,515 support, the price may test the $3,500 pivot level and the 61.8% Fib retracement level of the recent wave from the $3,451 low to $3,575 high.

The current price action is positive and it seems like bitcoin price may continue to move higher above $3,575. The next major resistance for BTC buyers is near the $3,600 level, above which the price is likely to accelerate towards $3,650. On the downside, the main supports are $3,515 and $3,500, below which the price might move back in a bearish zone.

The market data is provided by TradingView, Bitfinex.

The post Bitcoin (BTC) Price Analysis: Key Reversal On The Cards appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Short Term Recovery Underway

Ripple price declined to a new monthly low at $0.2852 and later recovered. XRP moved above $0.2900 and it may recover towards the $0.3000 or $0.3050 level.

  • Ripple price is showing signs of a short term correction above the $0.3000 level.
  • There was a break above a major bearish trend line with resistance at $0.2930 on the 30-minute chart.
  • XRP is now trading with a bullish angle, with chances of a move towards $0.3050.

Ripple XRP Price

Ripple Price Analysis

Yesterday, we saw a fresh bearish wave in ripple price below the $0.2900 level. XRP declined below the $0.2880 level and traded towards the $0.2850 level. A low was formed at $0.2852 and later the price started a short term correction.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair corrected above the $0.2880 and $0.2900 resistance levels. There was also a break above the $0.2920 level and the 25 simple moving average (30-minute).

Buyers pushed the price above the 23.6% Fib retracement level of the last drop from the $0.3129 high to $0.2852 low. Moreover, there was a break above a major bearish trend line with resistance at $0.2930 on the same chart.

The pair is now placed nicely above the $0.2920 level and the 25 simple moving average (30-minute). At the outset, there is a short term breakout pattern formed with resistance near $0.2960. If there is an upside break above $0.2960, the price may test the $0.3000 level.

Besides, the 50% Fib retracement level of the last drop from the $0.3129 high to $0.2852 low is also near the $0.3000 level, above which the price may recover towards the $0.3050 level.

On the flip side, if the price fails to move past $0.3000 and declines below the $0.2940, there could be a fresh bearish wave towards the $0.2850 level. The current price action is slightly positive for ripple, but a proper break above the $0.3000 level is must XRP buyers to gain bullish momentum in the near term.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Short Term Recovery Underway appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Closing In Towards Next Breakout

Ethereum price is facing a strong resistance near the $109.00 level. ETH/USD may soon make the next major move either above $110.00 or towards $100.00.

  • Ethereum price is currently consolidating below the $109.00 resistance level.
  • ETH/USD needs to break a major bearish trend line with resistance at $108.30 on the 30-minute chart.
  • The price could decline heavily if there is a break below the $105.00 and $104.00 supports.

Ethereum ETH Price

Ethereum Price Analysis

Yesterday, we saw was a strong decline in Ethereum price below the $110.00 support. ETH traded close to the $100.00 support and formed a new monthly low at $103.20. Later, the price started an upside correction and traded above the $106.00 level.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair managed to move above the $107.00 level and the 25 simple moving average (30-min). There was also a break above the 23.6% Fib retracement level of the recent downside move from the $116.35 high to $103.20 swing low.

However, the price faced a strong selling interest near the $108.50 level. The chart suggests that there were two rejections near $108.50 and later there were consolidation moves.

More importantly, there is a major bearish trend line in place with resistance at $108.30 on the same chart. A successful break above the trend line and $108.50 may push the price towards the $110.00 level and the 50% Fib retracement level of the recent downside move from the $116.35 high to $103.20 swing low.

Additionally, if buyers gain strength above $110.0, the price may stage a solid comeback and it could recover towards the $115.00 level. On the flip side, if there is no upside break and the price declines below the $105.00 support area, then sellers are likely to take control.

The current price action indicates that Ethereum price might make another attempt to clear the $108.50 resistance. The chances of buyers succeeding are less, but if they gain momentum, ETH could start a decent recovery in the short term.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Closing In Towards Next Breakout appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Downtrend Resistance Intact

Ripple price declined below the $0.2920 support and tested $0.2860. XRP corrected higher, but it faced a solid resistance near the $0.3000 area.

  • Ripple price declined heavily and broke the $0.2950 and $0.2920 support levels.
  • There are two bearish trend lines formed with resistance near $0.2980 on the 30-minute chart.
  • XRP may continue to move down as long as it is trading below the $0.3000 barrier.

Ripple XRP Price

Ripple Price Analysis

Yesterday, there were heavy declines in ripple, bitcoin, Ethereum, and other major altcoins. XRP even failed to stay above the $0.3000 support level and declined sharply below the $0.2950 level.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair extended its slide below the $0.2950 and $0.2920 support levels. It entered a major downtrend below the $0.3000 level and declined towards the $0.2850 support level.

A low was formed at $0.2862 and later the price bounced back above $0.2920. It broke the $0.2950 level and the 25 simple moving average (30-minute). There was a clear break above the 23.6% Fib retracement level of the recent slide from the $0.3131 high to $0.2862 low.

However, the recent correction faced a solid resistance near the $0.3000 level (the previous support). Moreover, the price failed to clear the 50% Fib retracement level of the recent slide from the $0.3131 high to $0.2862 low.

Besides, there are two bearish trend lines formed with resistance near $0.2980 on the same chart. If there is a successful close above the trendline and $0.3000, the price may move back in the positive zone.

On the other hand, if there is no break above $0.2980 and $0.3000, the price is likely to resume its decline below the $0.2900 level. The main support is near the $0.2850 level, below which the price may drop to $0.2800.

Overall, ripple price is under a lot of pressure below $0.3000 and it may continue to weaken. In the short term, XXP may consolidate below $0.3000 before the next break.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Downtrend Resistance Intact appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Will $100 Hold & Spark a Recovery?

Ethereum price declined heavily and broke the $110.00 support level. ETH/USD needs to stay above the $100.00-102.00 zone to start a decent recovery.

  • Ethereum price declined below $110.00 and traded close to the $103.00 level.
  • ETH/USD is currently following a short term ascending channel with support at $105.00 on the 30-minute chart.
  • The price may struggle to recover above the $108.00 and $108.40 resistance levels.

Ethereum ETH Price

Ethereum Price Analysis

The past few sessions saw a lot of bearish moves in bitcoin, Ethereum and ripple. ETH price even broke the $110.00 support level to move further into a bearish zone. The current price action is bearish, with signs of more losses below $104.00.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair traded close to the $103.00 level and formed a low at $103.20. Later, it started a short term upside correction and moved above the $105.00 and $106.00 levels.

There was a break above the 23.6% Fib retracement level of the last drop from the $116.35 high to $103.20 low. The price even managed to move above the $107.00 level and the 25 simple moving average (30-min).

However, buyers struggled to push the price above the $108.00 and $108.40 resistance levels. It declined again below $107.00 and the 25 simple moving average (30-min). At the outset, the price is following a short term ascending channel with support at $105.00 on the same chart.

It seems like there could be a minor upward move towards the $109.00 level or the 50% Fib retracement level of the last drop from the $116.35 high to $103.20 low.

There is a strong resistance formed near $108.40, $109.00, and a bearish trend line. Therefore, a close above the trend line and $110.00 is must for a decent recovery towards $120.00 in the coming sessions. On the other hand, if there is a downside break below $105.00 and $104.00, the price may slide towards the $100.00 barrier.

Overall, Ethereum is slowly moving towards the all-important $100.00 support, which holds the key for both buyers and sellers in the near term.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Will $100 Hold & Spark a Recovery? appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Look To Sell Near $0.3080

Ripple price fell sharply and broke the $0.3150 and $0.3090 support levels. XRP tested the $0.3000 support and recoveries are now likely to be capped by $0.3080.

  • Ripple price failed to trade higher and broke the key $0.3150 support level.
  • There was a break below a declining channel with support at $0.3065 on the 30-minute chart.
  • XRP tested the $0.3000 support and it may recover a few points in the short term.

Ripple XRP Price

Ripple Price Analysis

Recently, there was a sharp downward move in bitcoin, Ethereum, ripple and other major altcoins. XRP sellers gained momentum and pushed the price below the $0.3200, $0.3150 and $0.3110 support levels.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair fell sharply from well above $0.3220 and trimmed most of this past week’s gains. It even traded below the $0.3090 support and the 25 simple moving average (30-minute).

Moreover, there was a break below a declining channel with support at $0.3065 on the same chart. A low was formed at $0.2998 and the price is currently consolidating losses. An initial resistance is near $0.3030 and the 23.6% Fib retracement level of the recent drop from the $0.3132 high to $0.2998 low.

However, the main resistance is near the $0.3065 and $0.3080 levels. Besides, the broken channel support at $0.3060 and the 25 simple moving average (30-minute) might also act as a strong barrier.

Finally, the 61.8% Fib retracement level of the recent drop from the $0.3132 high to $0.2998 low is near the $0.3080 level. Therefore, as long as the price is trading below the $0.3065 and $0.3080 resistance levels, it remains in a downtrend.

To sum up, the recent decline in ripple has opened the doors for more losses below $0.2990. The next key support is near the $0.2880, below which the price may even test $0.2840. On the other hand, if XRP buyers manage to push the price back above the $0.3080 resistance and the 25 simple moving average (30-minute), there is a chance of a decent comeback.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Look To Sell Near $0.3080 appeared first on Blockonomi.

Ethereum (ETH) Price Analysis: Major Risk of Further Declines

Ethereum price topped near the $122.00 level and declined heavily. ETH/USD broke the $116.20 and $112.60 support levels to enter a bearish trend.

  • Ethereum price settled below the key $116.20 support level, which is a bearish sign.
  • ETH/USD is likely to face sellers near a major bearish trend line with resistance at $114.00 on the 30-minute chart.
  • The price could extend the current slide and it may even test the $100.00 support zone.

Ethereum ETH Price

Ethereum Price Analysis

After a few rejections near the $122.00 and $124.00 levels, Ethereum price started a downward move. ETH/USD broke the $118.00, $116.20 and $112.60 support levels, signaling a change in the trend from neutral to bearish.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair even broke the $110.00 level and settled below the 25 simple moving average (30-min). During the slide, there was a break below a couple of connecting bullish trend lines at $118.00 and $113.00.

A new monthly low was formed at $108.87 and there are no signs of a short term correction. An initial hurdle for buyers is near the $110.60 level and the 23.6% Fib retracement level of the recent slide from the $116.41 high to $108.87 low.

However, the main resistance is near the previous support at $112.60. It now coincides with the 50% Fib retracement level of the recent slide from the $116.41 high to $108.87 low.

Besides, there is a major bearish trend line in place with resistance at $114.00 on the same chart. An intermediate resistance is near $113.00 and the 25 simple moving average (30-min). Therefore, if Ethereum corrects higher from the current levels, there could be a strong selling interest near the $112.60, $113.00 and $114.00 levels.

Once Ethereum price completes a short term correction, it is likely to resume its decline. On the downside, an immediate support is at $106.50, below which ETH might drop towards the $100.00 level, which is a significant support. Conversely, a break and close above $114.00 may push the price towards $116.20 or $118.00.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Analysis: Major Risk of Further Declines appeared first on Blockonomi.