TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains

TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains

Ethereum was able to clear the $1,700 resistance against the US Dollar. ETH failed to stay above $1,700 and is currently struggling to continue higher.


  • Ethereum was able to slowly move higher above $1,650 and $1,700.

  • The price is now trading above $1,655 and the 100 hourly simple moving average.

  • There is a crucial rising channel forming with support near $1,670 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could continue to move up if it stays above the $1,655 support zone.


  • Ethereum Price Tops Near $1,700

    Ethereum started an upside correction above the $1,650 resistance zone. ETH climbed above the $1,660 and $1,675 levels to move into a short-term positive zone.


    There was a spike above the $1,700 level and a close above the 100 hourly simple moving average. Ether price even moved a few points above the 50% Fib retracement level of ..

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