Opinion: Ethereum Price Virtually Unchanged Despite Bitcoin Bull Rush
Looking at the Ethereum price in the USD segment, very little has changed over the past few days. Now that the Bitcoin price has been on the rise again, the discussion ultimately turns to how Ethereum is doing. Albeit Ethereum has been losing some of its value compared to the Bitcoin trading price, the Ethereum price in USD remains virtually unaffected. Trading in the world of cryptocurrency is an exciting experience, as there are so many things taking place at once. Now that the Bitcoin price is rocketing over the past few days, there is usually a significant impact on the value of all....
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In my opinion, Bitcoin is on the edge of a breakout. On multiple timeframes, and on multiple bull setups, pricetime is on the edge of pushing past arc resistance. There is a lot of room to the upside before the next arcs appear. This one I find quite intriguing. Pricetime is about to push it’s way through 5th arc resistance. It has been clawing it’s way upwards for weeks now. Pricetime met the 5th arc and had every excuse handed to it to fail, but it chose not to. Indeed, it is simultaneously about to clear the 5th arc pair, and apparently also about to get a close above the $780 swing....
Prices of ETH and BTC were mainly unchanged to start the weekend, as market activity slowed, mainly due to the Easter holiday. Price consolidation comes after a week of bearish pressure that sent the world’s two largest cryptocurrencies towards key support levels.
Bitcoin
Bitcoin was once again trading marginally above the $40,000 level on Saturday, as markets remained quiet as a result of the Easter break.
BTC/USD rose to an intraday peak of $40,618.84 to start the weekend, following a low of $40,009.09 earlier in the session.
Recent price....
Bitcoin continued to trade below $20,000 on Friday, as market sentiment remained mostly unchanged heading into the weekend. The world’s largest cryptocurrency attempted to climb towards this milestone, but declined as it encountered a hurdle on the relative strength index (RSI). Ethereum was also largely unchanged, as markets prepared for the release of U.S. consumer data.
Bitcoin
Bitcoin (BTC) prices continued to consolidate on Friday, as market sentiment remained largely unchanged heading to the weekend.
The token continued to climb towards $20,000 in....
I realize that this column is meant to be focused on price analysis of the major cryptocurrencies, rather than on trading in general. But it is difficult to write a new article every day, particularly when not much has changed in the charts in the last 24 hours! That is the case today. Bitcoin has recovered a little bit of the ground it lost, but not enough to have made any change in the chart. Ethereum is likewise virtually unchanged as well. So, I thought I would take a look at Gann’s Square of Nine and see if it can offer any insight into Support and Resistance on Bitcoin’s chart. I....
In the past few days, some leading cryptocurrencies, such as Bitcoin and Ethereum, have shown a bullish price trend. Some link the reversal in value to the US President and the Fed’s recent outplay of events. However, Glassnode has a contrary opinion. The blockchain analytics firm believes that the fundamental change in price value is […]