
Analyst Expects Ethereum Correction as Key Indicator Peaks
Ethereum is down 7.5% in the past 24 hours as Bitcoin has begun to fall from its weekend peak. The leading cryptocurrency is currently under $600 for the first time in many days. Analysts fear a further correction is possible as Ethereum’s Stochastic relative strength index (RSI) has formed a near-term peak. Key Ethereum Indicator Reaches a Peak Ethereum is down 7.5% in the past 24 hours as Bitcoin has begun to fall from its […]
Related News
On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. The pattern in question is related to the netflows for the wallets associated with the Ethereum Foundation. The ETH Foundation is a non-profit entity supporting the cryptocurrency and its ecosystem. Related Reading: Shiba Inu,....
The cost of one Bitcoin could end up plunging below its 2017’s record high of $20,000. That is, according to a pseudonymous analyst, who determined the cryptocurrency’s bearish outlook based on a classic head and shoulder pattern. As of early Wednesday, BTC/USD had painted four out of five key components that confirm the said reversal indicator. They included three peaks with the middle one larger than the others, supported by a so-called neckline. “If we […]
Bitcoin (BTC) has faced heightened volatility in recent weeks, initially driven by Donald Trump’s proposed trade tariffs and later exacerbated by the latest Consumer Price Index (CPI) data. The inflation report sent BTC plummeting to as low as $94,000 before it managed to recover some losses. However, according to crypto analyst Ali Martinez, Bitcoin must defend a critical price level to avoid a significant correction. Analyst Identifies Critical Bitcoin Price Level In an X post shared earlier today, Martinez brought attention to the Pi Cycle Top Indicator. For the uninitiated, the Pi....
The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to....
Dogecon continues to look toward a rebound despite the market sentiment. This has been strengthened by the increased market participation and rise in the Bitcoin price over this time. As bulls continue to dominate the market now, it could mean an end to the downtrend that began in January 2025, and the beginning of a recovery that could see the Dogecoin price reach new all-time highs. Dogecoin Price Is Hitting A New Bottom According to pseudonymous crypto analyst Master Ananda, the Dogecoin price is going through a classic resistance-turned-support dynamic, which could trigger a rally.....