image credit: Unsplash

Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes

February 19, 2024


Peering into ethereum’s (ETH) 1-hour chart, a bullish trend emerges through a sequence of notable ascents. The most significant surge leading up to the present price showcases a vigorous short-term buying spree. Yet, the latest chart formations, featuring smaller candles with wicks at both ends, hint at market hesitation. After reaching $2,934, ETH’s value has dropped a hair down to the $2,894 range.

The 4-hour chart reveals a more emphatic bullish trend, highlighted by a recent sharp increase indicative of strong buyer enthusiasm.