TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Patterns: ETH/USD BTC/USD

Patterns: ETH/USD BTC/USD
Dukascopy Bank TeamDukascopy Bank TeamDukascopy Bank SA

ETH/USD 4H Chart: Reveals new junior channel

The Ethereum cryptocurrency has revealed a new junior descending channel pattern against the US Dollar. The pair is currently trading near the upper boundary of the channel pattern at 138.0.

Given that the ETH/USD pair is near the upper band of the junior descending channel, a breakout could be expected within this session.

Although, a resistance cluster formed by the combination of the 50– and 100-hour SMAs at 138.0 could hinder the breakout.

Moreover, technical indicators flash sell signals on the 4(H) time frame chart.

ETHUSD

BTC/USD 4H Chart: Likely to aim at 4062.2

During the past two weeks, the Bitcoin cryptocurrency has appreciated about 6.14% in values against the US Dollar.

The pair is currently stranded between SMAs, the 50-hour simple moving average is providing resistance at 3926.6, while the 100-hour SMA is providing support at 3889.5.

Technical indicators suggest that the BTC/USD pair could edge lower during the following sessions.

However, given that the pair has been trading in an uptrend channel, the potential upside target could be near the weekly R1 at 4062.2 in the short-term.

Bitcoin

Author

Dukascopy Bank Team

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

More from Dukascopy Bank Team
Share:

Editor's Picks

XRP rally extends as modest ETF inflows support recovery

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin rebounds after testing an intraday low at $60,000 amid persistent retail investor exit. Ethereum shows subtle signs of recovery, but ETFs outflows limit upside. XRP gains by over 10% on Friday amid mild ETF inflows and a drop in futures Open Interest to $2.40 billion.

Bitcoin Weekly Forecast: The worst may be behind us

Bitcoin Weekly Forecast: The worst may be behind us

Bitcoin price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%. 

Pi Network hits record low despite plans to deploy KYC validator rewards in March

Pi Network hits record low despite plans to deploy KYC validator rewards in March

Pi Network hovers above $0.1400 on Friday, up from the $0.1300 record low seen earlier in the day. The sell-off continues even as Pi Network has announced that it will distribute KYC validator rewards by the end of March.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.