Ethereum, Uniswap, IOTA Price Analysis: 09 February

ambcrypto.com:

The past two weeks showcased a sizeable bullish recovery attempt after the bears pushed the prices to their multi-month lows on 24 January. Thus, Ethereum and IOTA continued their up-channel trajectories while jabbing through crucial support levels. On the flip side, Uniswap saw a rectangle breakout as the bears tried to defend the $12.5-area.

Source: TradingView, ETH/USD

Since falling below the $4,000-mark, ETH bears initiated substantial sell-offs. As a result, ETH registered a 46.81% loss (from 27 December high) and touched its six-month low on 24 January.

Since then, however, it saw a 43.2% ROI in just the last 15 days while snapping off multiple supports (previous resistance). As a result, the alt marked an ascending channel (white) and reclaimed the $3000-support. Further, the 20 SMA (red) and the 50 SMA (cyan) moved above the 200 SMA, reaffirming the increased bullish edge. From here on, immediate resistance stood at the $3,200-level while the $3000-support stood strong.

At press time, ETH traded at $3,098.1. The bullish RSI undertook a steep recovery in an up-channel (yellow). After swaying in the overbought region for four days, it plunged to test the lower trendline on 9 February. This reading hinted at a bullish bias. Besides, the Squeeze Momentum Indicator pointed at a low volatility phase in the near term.

Source: TradingView, UNI/USDT

Ever since reversing from the $18.14-mark, UNI bulls have not been able to propel a sustained close above the $12.5-zone. The alt noted a 47.51% fall (from 17 January) and touched its one-year low on 24 January.

Since then, UNI moved in a rectangle (yellow) between two horizontal trendlines until a breakout on 7 February. However, the bears still upheld the $12.5-mark (immediate