ETH/USD Facing Crucial Resistance

in #cryptocurrency • 7 years ago

The Ethereum Prize is in a bearish zone against US dollars, but it is stable against Bitcoin. ETH / USD is currently rising higher, but facing a crucial obstacle near $ 1,020.

There was a big disadvantage moving from well over $ 1,100 in ETH price against US Dollar. The price fell sharply and moved below $ 1,100 and $ 1,020 support levels. During the downside movement, there was a break under a big bullish trend line with $ 1,115 support on the 4-hour chart for ETH / USD.

Therefore, the levels of $ 1,020 and $ 1,025 are important resistance levels. Can we break through, he price will more likely continue much highere.

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7 years ago in #cryptocurrency by
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     7 years ago 

    Crucial resistance on 4 hour time frame is $900. Before it was a support level, as it served as a bounce off point on January 23, but day before yesterday the price went down and $900 Support was broken.
    As of now, Ethereum has lost more to BTC than BTC has lost agains USD.

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     7 years ago 

    thanks for information great work bro.😊

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     7 years ago 

    great work bro keep it up .. :)

    [-]
     7 years ago (edited)

    will definitely be able to break through, as long as eth is still stabil with bit coin then comparison with us dollar will be good,

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     7 years ago 

    Good work. Nice information for the steemians. Thanks for sharing. Upvoted

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     7 years ago 

    Good anaylist but brother i heared about the crypto currency one bad news one crypto currency do a frud and close his website :(

    brother i think now the bad time started for the crypto currency :)

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       7 years ago 

      Bad news will always be there. I'm pretty sure after chinese new year, the market will go the right direction.

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       7 years ago 

      Prices of other coins are hampered but prices of ethereum are increasing. But it is in turtle speed.

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         7 years ago 

        Technical analysis is not always correct its highly volatile at this time can go up or down

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           7 years ago (edited)

          That's how it is with fundamental analysis as well, not only technical. But the probability is on our side, because the price is on a strong demand area.

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           7 years ago 

          I am certainly opting to trade ETH pairs at the moment less volatility compared to BTC.
          I think we will have a new No.1 shortly on coin market cap if it continues to perform he way it is

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             7 years ago 

            the ETH believe that it will continue to grow and in the future we will not be surprised if it is the number 1 coin.
            greetings great post

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