Ethereum (ETH and ETC) Price Trends (Week of September 12th)
Ethereum is being traded in the middle of its two-months sideway movement. The majority of traders expect a downward trend. Will there be a fall, and how strong will it be? ETH/USD. Ethereum’s price has formed a wave of a long-term flat towards 0.0220, which started in July. Without ever fortifying, the price yet again returned to the middle of the flat. Such behavior happens due to the uncertainty of the market. It seems that the trustworthiness of Ether was diminished after the DAO affair, and most traders have been doubtful since then. Ether’s price behaved similarly almost a year ago.....
Related News
Ethereum has seen a strong bounce since the September lows near $310. The coin now trades for $455, though peaked at $465 a few days ago. Technical trends show that the cryptocurrency will likely continue its ascent in the months ahead. Analysts are specifically eyeing a move toward $800, as that’s where macro resistance lies. Ethereum Technical Trends Suggest Growth Toward $800 Possible Ethereum has seen a strong bounce since the September lows near $310. […]
The long-awaited mainnet launch for the Cardano smart contract platform, Plutus, has been confirmed for next Sunday, September 12th, 2021. The announcement was made by Input-Output Global (IOG) via its Twitter handle. HFC Update Proposal Triggered. Smart Contracts are in flight to land on September 12th. Congratulations everyone. The Alonzo Era is on its way. […]
The long-term direction of the trend is being decided at the current level. The bulls are at the bottom limit of the flat, so the growth of Ether’s price can continue up to $13 - 14. ETH/USD. As we have predicted a week earlier, there was a rebound from the bottom limit of the long-term sideway movement, and Ether’s price has stopped at a key medium-term level of $8.3. The price has previously dropped right before this. At that moment big sellers have taken advantage of the situation and sold a large volume close to $7. After that, they started buying it back at $6. The fact that there was....
The expectation of every crypto investor this month is to see some bullish trends in the market. Many top assets have recorded more pullbacks than rallies in the months following the overall market crash. Every week starts and ends with a new trend for the green or the reds. This uncertainty has kept everyone guessing and scared of imminent losses if the bearish trend continues. But it seems that the week beginning from September 5 to 12 brought a lot of bullish moves for many cryptos. Related Reading: Why Ethereum Price Is Unlikely To Dump After “The Merge” There were some pullbacks, but....
The Merge hasn’t pushed crypto prices as expected. Instead, the third week of September has kicked off with more reds than greens. The entire market has plunged, and even the overall market cap dropped. Currently, many crypto assets are losing every hour. Many crypto exchanges are forcefully liquidating leveraged positions. According to Coinglass, the total amount liquidated already has reached $431.51 million, with 130,087 traders affected. Related Reading: These Two On-Chain Signals Precede Bitcoin Falls, Suggests Analyst Bitcoin Price Plunged Currently, the Bitcoin price stands....