Price Analysis, May 21 (ETH/USD)

[lushlife]

ETH/USD
Ethereum ended its correction by a sharp ‘V’ shaped bottom formation. We had anticipated the start of a new trend once prices broke out of $745, however, the higher levels attracted selling and prices fell to $637 levels where buying emerged.

Though the digital currency has formed a bearish head and shoulders pattern, the bears have failed to achieve a close below the neckline of the pattern.

https://cointelegraph.com/storage/uploads/view/f892bdc5e06435bf91a3f14801d07897.png

The ETH/USD pair is looking strong because it has been consolidating close to the overhead resistance for the past few days. We believe that a breakout above $745 will start a new uptrend that can carry it to $1,000 levels, with a minor resistance at $838.

Our bullish view will be invalidated if the bears force a breakdown below the 50-day SMA. In such a circumstance, we anticipate a decline to $418 with minor support at $544 and $464 levels.

https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-tron-price-analysis-may-21

[Klovezio]

ETH/USD
Ethereum ended its correction by a sharp ‘V’ shaped bottom formation. We had anticipated the start of a new trend once prices broke out of $745, however, the higher levels attracted selling and prices fell to $637 levels where buying emerged.

Though the digital currency has formed a bearish head and shoulders pattern, the bears have failed to achieve a close below the neckline of the pattern.



The ETH/USD pair is looking strong because it has been consolidating close to the overhead resistance for the past few days. We believe that a breakout above $745 will start a new uptrend that can carry it to $1,000 levels, with a minor resistance at $838.

Our bullish view will be invalidated if the bears force a breakdown below the 50-day SMA. In such a circumstance, we anticipate a decline to $418 with minor support at $544 and $464 levels.

https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-tron-price-analysis-may-21

thanks for analysis. ETH now is super low...645, because the market is down. Declining to 4XX sucks. now is really bear mode?

[hs84]

are you always looking like the usd pair?
i would prefere to look on the btc pair.

or am i wrong?

[lllaqpt]

I do not understand how it is possible to conduct analyzes, the market is not stable and has not yet recovered, prices also jump, capitalization is almost at the bottom. I believe that we still need to continue to hold on to our savings.

[xcbjsuw]

There is no FUD, but all markets are red, coin prices are down all.
what will happen, will it return to $ 400 again?

[fia_naila]

Holly shit eth start crashing on 21 may untill now. I hope we are not breaking $500 sypport if it is not break this week its mean ethereum is strong in that support and will start rise again at start of third quarter. And at the and of year we all can see ethereum create its neww all time high.

[linkybit]

I think Ethereum is performing well with BTC/ETH pair lately, as the overall market is down so Eth is down against USD once the market starts recovering we'll see a good push for Etherum.