Market Commentary

ETHUSD - Recovers Well to $160 as Hard Fork Looms

on January 3, 2019 | By Stuart McPhee | ETHUSD, Ethereum

Ethereum (ETHUSD) has enjoyed its last few weeks and into the new year by moving very strongly from multi-year lows near $80 back up to around $160 in the last 24 hours. It has met some resistance at the latter level in the last couple of weeks which has seen Ethereum sold off a little. Given its momentum in its recent run, it wouldn’t surprise many to see it break through the resistance at $160 and threaten to return to the next potential significant level of $190. Ethereum enjoyed support from the $190 level for a couple of months before it broke down strongly through this level down to the multi-year lows close to $80.

ETHUSD - Desperately Seeking Any Support from Around $250

on September 6, 2018 | By Stuart McPhee | ETHUSD, Ethereum

After dropping sharply for several weeks, Ethereum is desperately looking for any support from around the $250 level which has propped it up a little in the last couple of weeks. Throughout the first half of August, Ethereum fell very sharply through any support at $400 down to new lows for 2018 a couple of weeks ago. Since that time, it has attempted to rally higher without much luck. It returned to back above $300 briefly before easing back towards the $250 level. Ethereum was enjoying a reprieve from the heavy selling as it received some much-needed support from around $400 throughout July however that level now seems some distance away.

ETHUSD - Drops to 2018 Low Below $350

on August 9, 2018 | By Stuart McPhee | ETHUSD, Ethereum

The last few days have seen Ethereum drop sharply through any support at $400 down to a new low for 2018 below $350. Ethereum was enjoying a reprieve from the heavy selling as it received some much-needed support from around $400 for the last month or so, however this has given way for the time being. During this consolidation, a strong rally saw it push up to a one month high above $500, however this was short lived. Throughout May and June however, the cryptocurrency continued to decline strongly.

ETHUSD - Enjoys Much Needed Support from above $400

on July 19, 2018 | By Stuart McPhee | ETHUSD

The last month or so has seen Ethereum receive a reprieve from the heavy selling as it has received some much-needed support from around $400. This has even resulted in a slight rally in the last week pushing it up to a one month high above $500. Throughout May and June however, the cryptocurrency continued to decline strongly. During a seven week stretch ETHUSD fell strongly losing almost 50% of its value in that short period, from the peak just over $800 in early May to its recent trading levels around $400.

ETHUSD - Looking for Support around $400

on June 28, 2018 | By Stuart McPhee | ETHUSD

The last month or so has not been good for Ethereum as the cryptocurrency has continued to decline strongly. For the last seven weeks or so ETHUSD has fallen strongly losing almost 50% of its value in that short period, from the peak just over $800 in early May to its recent trading levels around $440.

ETHUSD - Recovers Well to $160 as Hard Fork Looms

ETHUSD - Desperately Seeking Any Support from Around $250

ETHUSD - Drops to 2018 Low Below $350

ETHUSD - Enjoys Much Needed Support from above $400

ETHUSD - Looking for Support around $400

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