#downside break

Ethereum Price Analysis: ETH/USD Could Decline to $180

Key Highlights

ETH price is under a lot of pressure after it broke the $210 support against the US Dollar.

There was a break below a major contracting triangle with support at $210 on the hourly chart of ETH/USD (data feed via Kraken).

The pair is under a lot of pressure and it could continue to decline towards the $180 level.

Ethereum price declined recently against the US Dollar and bitcoin.…

Ethereum Price Analysis: Can ETH/USD Extend Recovery Above $200?

Key Highlights

ETH price started an upside correction after it found support near $168 against the US Dollar.

There was a break above a major declining channel with resistance at $183 on the hourly chart of ETH/USD (data feed via Kraken).

The pair is likely to face a strong resistance near the $200 level and the 100 hourly simple moving average.

Ethereum price is slowly recovering against the US…

Bitcoin Cash Price Analysis: It’s Decision Time For BCH/USD

Key Points

Bitcoin cash price is under a lot of pressure and it is still trading below $525 against the US Dollar.

There is a major bearish trend line in place with resistance at $526 on the hourly chart of the BCH/USD pair (data feed from Kraken).

The pair has to close above the $530 level and the 100 hourly simple moving average to gain traction.

Bitcoin cash price is slowly declining towards…

Ethereum Price Analysis: ETH/USD Forming Double Top

Key Highlights

ETH price traded further higher and tested the $635 resistance area against the US Dollar.

There is a key bullish trend line formed with support at $612 on the hourly chart of ETH/USD (data feed via Kraken).

The pair has formed a double top pattern near the $635 level and it may decline further in the short term.

Ethereum price is trading with a positive bias against the US Dollar…