Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues Rise Coin Price Chart

COULD THIS CAUSE THE CRYPTOCURRENCY MARKET TO MOON? BITCOIN BTC FUTURES! NANO PRICE + NEWS 2018

Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues

Rise Coin Price Chart,Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues
Rise Coin Price Chart

ETH price attempted a recovery above the $275.00 level, but it failed to gain traction against the US Dollar.

There is a major bearish trend line formed with resistance at $280 on the 4-hours chart of ETH/USD (data feed via Kraken).

The pair must accelerate above the $282 and $285 levels to recover further in the near term.

Ethereum price is struggling to gain traction versus the US Dollar and Bitcoin. ETH/USD could climb higher if buyers gain control above the $285 level.

Rise Coin Price Chart,Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues
Rise Coin Price Chart , there was no upside acceleration above the $282 level as buyers failed to hold gains.

There was also no test of the 61.8% fib retracement level of the last decline from the $301 high to $259 low. These are negative signs and suggests the importance of the resistance near the $282 and $285 levels. Moreover, there is a major bearish trend line formed with resistance at $280 on the 4-hours chart of ETH/USD. The same trend line is currently preventing gains and

Rise Coin Price Chart,Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues
towards the $270 level. If the price continues to move down, the price may perhaps test a crucial support zone near the $255 level. Rise Coin Price Chart , the price may perhaps test a crucial support zone near the $255 level.