Ethereum Shows Altitude Sickening as Price Drops At Key Resistance
Ethereum prices dropped on Wednesday as traders decided to secure their short-term profits at the cryptocurrency’s sessional high. The second-largest blockchain asset plunged by up to 4.92 percent to its mid-March support level of $1,771. Its move downhill appeared mostly due to its strong positive correlation with Bitcoin, the world’s leading cryptocurrency by market cap. […]
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Data shows bearish sentiment among the Ethereum investors has shot up as the asset’s price has dipped under the $1,600 level. Ethereum Has Declined Under The $1,600 Mark Recently Around the start of this month, Ethereum enjoyed some sharp upward momentum as the cryptocurrency reached the $1,750 level. Since that peak, however, the coin has […]
Ethereum has been on a downtrend along with the rest of the crypto market. This has seen the value of the cryptocurrency plunged below $2,000 and efforts to recover above this major resistance level have been futile. Naturally, the decline in the value of the digital asset has affected its profitability. What has resulted from this is Ethereum wallets that are in profit at current prices have now declined to a two-year low. Ethereum Profitability Declines Ethereum remains the second-largest cryptocurrency by market cap but when it comes to profitability, it tells another story. Data shows....
Ethereum Price Key Highlights. Ethereum's price recently broke below a key support area, signaling that a downtrend might be underway. Before the selloff carries on, Ethereum's price is showing signs of a correction to the broken support zone. Using the Fibonacci retracement tool on the latest swing high and low shows that the 38.2% to 50% levels line up with the broken support on Ethereum price. Support Turned Resistance. If the area of interest holds as resistance, the Ethereum price could make its way back down to the previous lows at 0.0017 BTC. The 100 Simple Moving Average also....
The price of Ethereum (ETH) has struggled to break out of a range against Tether (USDT) after being rejected from key resistance. Ethereum price has seen a relief bounce, with Bitcoin (BTC) rallying after closing the weekly candle with bullish sentiment from a daily low of $23,000 to a region of $24,100 in the early hours. (Data feeds from Binance) Related Reading: TA: Bitcoin Price Could Rally If There Is A Close Above This Key Resistance Price Analysis Of ETH On The Weekly Chart Ethereum’s price saw a weekly close of around $1,720, with a new candle opening bullish ahead of the....
The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. The price has built more momentum as it faces resistance at $10. With a break above the $10 mark, the price of APE would rally to $12. If the....