30 March 2016 – This month leaves us some interesting trends in the cryptocurrency market, With Bitcoin remaining solidly above $400 USD coming out of last month’s bullish run, scraping $399 just once on the sixth and averaging day-to-day around $415. This despite a plateau in hashpower on the network, likely in anticipation of the coming halving and problems with core scaling development. Even more fascinating, though, is the explosive price increase of Ethereum, increasing 64.8% to it’s current $11.66 price point at the time of writing.
Ethereum extended its rise above the $465 resistance against the US Dollar. ETH price traded to a new monthly high near $477 and recently started a downside correction. Ethereum is still following a nice bullish path above the $450 and $455 support levels. The price traded to a new monthly high near $477 and settled […]
The price of Bitcoin has pulled back from its $14,100 multiyear high, but there are five signs that the real rally is only just starting. The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago. Yet, there are five signs that the real rally is only just starting.Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing. Higher time frame breakoutBitcoin has dropped over 6% from its local peak at over $14,000, a level it hasn’t....
Ethereum climbed further above the $1,800 and $1,850 resistance levels against the US Dollar. ETH price is correcting gains, but it is likely to find bids near $1,725. Ethereum extended its rise and traded to a new monthly high above $1,875. The price is now trading below $1,800, but it is still well above the […]
Ethereum has undergone a strong drop from its year-to-date highs at $490. The coin currently trades for $375, around 25% below those highs. At the worst of the correction last month, the coin was down even further. Ethereum remains bullish on a long-term basis as long-term trends favor bulls, analysts say. One trader recently shared a chart indicating that both the technicals and fundamentals favor bulls. Three Ethereum Trends Suggest the Coin Is Primed to […]