Ethereum (ETH) Price Weekly Forecast: Break Above $300 Likely

ETH price rallied recently and broke the $260 and $265 resistance levels against the US Dollar. The price is currently trading near the key $275 resistance, above which it could rally further. There is a major bullish trend line forming with support at $265 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to break the $275 resistance and it could even test the $300 resistance area. Ethereum price is gaining bullish momentum against the US Dollar, similar to bitcoin. ETH is likely to accelerate…

Bitcoin (BTC) Price Weekly Forecast: Bulls Facing Uphill Task

The recent recovery in bitcoin price faced a strong resistance near the $8,140 level against the US Dollar. The price is currently facing a strong resistance and it is likely to struggle near $8,000. There is a major bearish trend line forming with resistance near $7,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either break the $8,000 resistance and rally or decline below the $7,700 support area. Bitcoin price is showing signs of weakness below the $8,000 barrier against the US Dollar.…

Ethereum (ETH) Price Weekly Forecast: More Downsides Likely

ETH price failed to gain momentum above $250 and $252 against the US Dollar. The price is currently well below $250 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance at $248 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses and it could accelerate below the $240 level. Ethereum price is showing signs of weakness versus the US Dollar and bitcoin. ETH is likely to accelerate lower if it…

Bitcoin (BTC) Price Weekly Forecast: Technical Bias Signaling Fresh Increase

There was a sharp decline in bitcoin price after it spiked above the $9,000 level against the US Dollar. The price declined below the $8,600 support and tested the key $8,000 support area. There was a break below a major bullish trend line with support near $8,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested the $8,000 support area ad recently bounced back above $8,400 and $8,500. Bitcoin price recovered sharply after a major drop to $8,000 against the US Dollar. BTC is…

Bitcoin (BTC) Price Weekly Forecast: Bulls Preparing For Larger Rally

There is a strong resistance forming for bitcoin near the 8,200-8,300 area against the US Dollar. The price is placed nicely above the $7,840 and $7,600 support levels. There is a crucial contracting triangle forming with resistance near $8,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break higher and surge once it clears the key $8,300 resistance area. Bitcoin price is holding gains above $7,800 and $8,000 against the US Dollar. BTC seems to be setting up for a monster…

Bitcoin (BTC) Price Weekly Prediction: Indicators Suggest Rally To $9,000

There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started a fresh increase and broke the $7,000 and $7,500 resistance levels. There was a break above a major contracting triangle with resistance near $7,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing a strong rise and it could trade above $8,500 and $8,800 in the near term. Bitcoin price is up more than 10% after a strong downside correction against the US…

Ethereum Price Weekly Analysis: Can ETH Bulls Keep Uptrend Going?

ETH price rallied in the past few days and broke the $139 and $144 resistances against the US Dollar. The price is currently correcting lower, but it could find a strong support near the $139 zone. There is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains in an uptrend as long as there is no daily close below the $139 support zone. Ethereum price is placed in a solid uptrend versus the US Dollar and…

Ethereum Price Weekly Analysis: Buy ETH With Break Above $138

ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once there is a proper break above $138 and $140. Ethereum price is aligning for the next move versus the US Dollar and Bitcoin. ETH/USD will most likely climb higher as…

Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar. The price formed a strong support near the $136 level before climbing above $138. This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142. Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH could continue to move higher towards the…

Bitcoin (BTC) Price Weekly Analysis: Can Buyers Keep The Rally Going?

Bitcoin price rallied recently after it broke the key $3,900 resistance area against the US Dollar. The price surged higher and broke the $3,950 and $4,000 hurdles to set the pace for more gains. There is a major connecting bullish trend line formed with support at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it is likely to find support near $3,920 or $3,900. Bitcoin price climbed sharply into a bullish zone above $3,900 against the US Dollar.…