Will Ethereum Give In To Bears?
In 2022, ethereum has been in a bearish trend. It has dropped 40% year to date, far more than the average cryptocurrency. ETH has a long history of being one of the best-performing cryptocurrencies. Since its introduction in 2016, it has largely outperformed Bitcoin, resulting in a narrowing of the market capitalization gap between the two coins. However, this year has deviated significantly from the long-term tendency. A key incentive to buy Ether has been removed from the market due to the waning of the NFT craze. ETH is now mostly used by traders, and demand for the cryptocurrency is....
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Ethereum has been hitting some minor milestones since the market crash. Obviously following behind market leader bitcoin, it has posted small recoveries that brought it out from its last month low. But while this has been encouraging for investors, there is still a long way to go, meaning that the digital asset could go either way at this point. Bears are trying hard to drag it down to a new low and crypto analyst Justin Bennett maps out what could give the bears exactly what they want. Ethereum To $2,000? Currently, the price of Ethereum is trading close to $3,000. This does not mean that....
Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD is trading at $29,502.71, which is roughly 1% higher than yesterday’s low of $28,786.59. Wednesday’s movement in bitcoin is ultimately a continuation of yesterday’s move, with prices now consolidating at its....
Ethereum price traded down finally and also moved back below $10.0. It looks like there is a chance of a minor correction moving ahead. Intraday Support Level can be $9.07. Intraday Resistance Level may be $10.5. Ethereum price as highlighted yesterday made a new high of $11.98 where it found sellers and started to move down. The price also traded below the $10.0 level, which is a sign that bulls stepped back and failed to prevent losses. If the bears manage to gain strength, then there is a chance of more losses in the near term.
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Ethereum started a decent upward move above $620 and $630 against the US Dollar. ETH price failed to clear $640 and it is currently struggling to stay above $620. Ethereum remained well bid above the $590 zone and recovered above $620. The price is now consolidating near $620, but it is below the 100 hourly […]