Ethereum Price Weekly Analysis – Move Finally Coming?
Ethereum price mostly traded in a range of $-10-12 this past week, as there was no major news event. However, the best thing, which may favor the bulls is the fact that the price closed the week above the 100 simple moving average (4-hours). There was a dip this past week towards $10.00, but bears failed to gain momentum and break the stated level.
On the upside, the price struggled on a couple of occasions around the $12.00 level, as there is a bearish trend line formed on the 4-hours chart of Ethereum price (data feed via Kraken) acting as a barrier. Recently, the price failed to break the 61.8% Fib...
read the whole articleIt does not matter if the price breaks $12 or not. It is good that the price is above $10 for the last few weeks.