Ethereum is down 41% from August, ETH Sell Trigger at $1.15k
Ethereum is down 40 percent from August highs but could slump lower if ETH drops below $1.15k and below the bear flag.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Ethereum is down 40 percent from August highs but could slump lower if ETH drops below $1.15k and below the bear flag.
Tron prices are steady, moving higher inside a rising channel. Despite confidence, TRX is within a bear flag.
Bitcoin prices are down 33 percent from H2 highs and appear to be struggling at spot rates. The immediate limit remains at $18.5k.
Ethereum is solid at spot rates, adding 13 percent from November lows as bulls look to shake off bears of early November.
Ripple is down 14 percent from last week’s high. As sellers press on, XRP is on path to retest June 2022 lows at $0.30.
Bitcoin is down roughly five percent from this week’s high, recoiling from a critical resistance level at $18.5k.
Ethereum prices are breaking out with ETH adding four percent in the past 24 hours. In a bullish formation, the coin may retest $1.7k.
Polygon is solid, propped by solid fundamentals. However, like other tokens, MATIC remains under pressure visible in the daily chart.
Bitcoin is back to green, adding two percent in the last 24 hours. At spot rates, BTC has support at $16.5k.
Ethereum buyers are upbeat, expecting more gains in the days ahead. However, there is a bull flag below the all-important sell wall at $1.35k.
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