Ethereum Is Likely to Perform Really Well in 2021 Due to Ichimoku Signal
Ethereum is likely to perform extremely well in 2021, analysts say despite the recent rapid drawdown in ETH’s price. The coin currently trades for $350, around 30% below the recent year-to-date highs of $490, set just a few weeks ago. Ethereum’s strong move lower was a result of a correction in the Bitcoin market, along with a rapid slowdown in the utility of leading decentralized finance platforms. Ethereum To Perform Really Well in 2021 Speaking […]
Related News
Ethereum has seen shaky price action over the past few weeks, failing to pass notable technical levels. BTC currently trades for $13,800 despite Ethereum only trading for $390. Analysts think that Ethereum may resume its ascent shortly. One analyst noted recently that Ethereum has seen its fourth-ever bullish TK re-cross above the Ichimoku Cloud. Ethereum Could Soon See Rally as Crucial Bull Signal Forms Ethereum has seen shaky price action over the past few weeks […]
Bitcoin is forming a pivotal buying signal after weeks of consolidation. The cryptocurrency pushed higher over the past 10 days, which allowed this indicator to trend higher to form the buying signal seen today. Bitcoin Prints Pivotal Ichimoku Cloud Crossover Josh Olszewicz, a crypto-asset analyst, recently noted that the cryptocurrency formed a bullish TK Cross as per the Ichimoku Cloud indicator. The indicator is a multi-faceted indicator that shows important price levels along with the […]
XRP is flashing a rare relative-strength signal against ETH, according to crypto analyst Matt Hughes (“The Great Mattsby”), who points to a 2-week Ichimoku cloud flip that he says hasn’t meaningfully held as support since 2021. With XRP also boxed inside a defined USD range on lower timeframes, Hughes frames the next phase as a conditional “prove it” moment: reclaim one level, and the market has room to work; fail it, and the breakout narrative stays premature. XRP Poised To Outperform ETH? Hughes’ primary claim is anchored to the XRP/ETH pair on a 2-week chart. In his read, there’s a....
Bitcoin price lost support yesterday at around $27,000 and is now below a critical level that the last two times it was lost, resulted in a 50% or more decline. Will this signal returning once again forecast sudden doom and cause crypto prices to rain down another 50% lower? Bitcoin Forecast Is Suddenly Cloudy The last several weeks of resilience in Bitcoin price action have been seemingly erased this week, as price fell below support at $27,000. While the rounded psychological number is important by itself, BTCUSD has now pushed below the bottom of the Ichimoku cloud on the weekly....
The third quarter of 2020 has seen the strong resurgence of decentralized finance (DeFi) on Ethereum. With it, the demand for decentralized exchanges (DEXes) surged, causing Uniswap to briefly overtake Coinbase Pro at one point. Heading into 2021, Ethereum and decentralized exchanges would likely perform even better, quant trader Qiao Wang said. Two Reasons an […]