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Price Analysis

Ethereum Price and Dogecoin Price Breaks the Upper Resistance!!

Highlights

    Ethereum price broke the neckline of the H&S pattern, offering a ‘buy’ signal for the traders

    Dogecoin price smashed the strong resistance levels close to $0.052 and rallying above the levels successfully

Ethereum Price Poised to Hit $1861 Soon

The second most dominant crypto Ethereum manifested the cleanest re-test of all time. And now has yet again showcased a possibility of a major bull run. The present price movement exhibits a breakout from an inverse H&S pattern according to an analyst pullbacksignal.

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ethereum price surge

According to the chart put up by the analysts, a clear H&S breakout is seen. And after a successful breakout, the price surged with a decent margin. Hence anticipating a major bullish trend awaited for the asset that could rally the price close to $2100.

Currently, it is mandatory for the ethereum price to hold efficiently above $1655 to rally hard above $1850 levels as predicted by an analyst, Smokey

Dogecoin Price Activates Again!!

Dogecoin price which dropped heavily due to an immense dip in the trading volume seems to have recovered losses to some extent. The price broke the strong resistance levels at $0.05245, where-in it had got rejected multiple times in the past. 

doge coin surge

The Dogecoin price was trending sideways since a long time appearing consolidating for a major push. Therefore, the price surged immensely since the early trading hours. Currently poised to hit $0.1 initially and continue rallying further towards $1.

The trading volume also surged massively by more than 119% of about $4 million raising the market capitalization to nearly 6%. Woefully, at the time of writing, the dogecoin price is experiencing a selling pressure which is plunging the price to some extent.

Collectively, both, Ethereum price and Dogecoin price are manifesting a sense of a stable uptrend excluding a steep plunges yet a steady surge. However, currently both the price have broken their respective patterns and about to shoot up to the next levels.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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