TA: Ethereum Reclaims 100 SMA, What Does This Means For the Bulls

The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins.  Today’s summary: Bitcoin reclaims $30,000 over memorial day weekend How Ethereum could lose its head against BTC What’s going on with Cardano? Bitcoin Makes Memorial Day Weekend Memorable Over the US Memorial Day holiday, bulls took advantage of thin order books and low volume, pushing the price per BTC to more than $31,500 at close. Of note, the daily candle closed above the upper Bollinger Band.....

Ethereum started a downside correction below the $460 support level against the US Dollar. ETH price is now trading below $450 and it remains at a risk of more downsides. Ethereum is showing a few bearish signs below the $460 and $455 support levels. The price is now trading well below $460 level the 100 […]

Decentralized finance (DeFi) tokens have always followed the movement of Ethereum closely. This is why whenever the digital asset has been on the rise, the prices of other DeFi tokens have grown rapidly too. This is the case now as the crypto market has entered another recovery trend. Bitcoin has once more settled above $20,000, […]

The bulls are given signs of conviction, as Bitcoin reclaims more ground. At the time of writing, BTC’s trades at $36,267 with sideways movement in the 1-hour chart and moderate gains in the 7-day and 30-day chart with 14.2% and 4.2%. Some traders have begun to flip bullish as Bitcoin printed its first green candle […]

Ethereum started a fresh increase above the key $2,000 resistance zone against the US Dollar. ETH price could correct lower, but the bulls are likely to remain active near $2,000. Ethereum is showing positive signs above the $2,000 and $2,050 support levels. The price is now well above $2,000 and the 100 hourly simple moving […]