Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,000
Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD is trading at $29,502.71, which is roughly 1% higher than yesterday’s low of $28,786.59. Wednesday’s movement in bitcoin is ultimately a continuation of yesterday’s move, with prices now consolidating at its....
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Ethereum price traded down finally and also moved back below $10.0. It looks like there is a chance of a minor correction moving ahead. Intraday Support Level can be $9.07. Intraday Resistance Level may be $10.5. Ethereum price as highlighted yesterday made a new high of $11.98 where it found sellers and started to move down. The price also traded below the $10.0 level, which is a sign that bulls stepped back and failed to prevent losses. If the bears manage to gain strength, then there is a chance of more losses in the near term.
Ethereum Price Key Highlights. The downtrend on ethereum price action appears to be slowing down, as bears don't seem to be too eager to take it down to new lows. After breaking below the earlier triangle consolidation pattern, ethereum price seems to be losing momentum and might be in for a short squeeze around the recent levels. Ethereum price might need to make a correction from its recent drop in order to draw more sellers to push for new lows. RSI Bullish Divergence. Technical indicators appear to be showing that a rally is about to take place, as RSI is reflecting downtrend....
The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to remain calm throughout most of the downswing. The consistent push by the bears have caused the altcoin to experience less to almost no recovery. The technical of the coin also pointed towards further fall in price before Ethereum starts to rise on the chart again. In the recent developmental front, the altcoin has....
Ethereum has slid on its charts again at the time of writing. Over the last week, the coin lost about 10% of its value. The bears have strengthened in the market because the buyers have left the market. Technical outlook of the coin remained bearish and selling pressure mounted. The coin would continue to remain so over the next trading sessions. The coin also witnessed a sustained sell-off over the last 48 hours. Ethereum fell below its long standing support line of $1900.Over the last 24 hours the coin tried to recover itself but the bearish price action is still strong at the time of....
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5 billion worth of BTC. Ethereum also fell to multi-month lows, as prices hovered slightly above $2,200. Bitcoin Bitcoin fell for a seventh consecutive session, as markets reacted to the news that the Luna Foundation Guard was to deploy $1.5 billion of BTC, as it hoped to regain its $1 UST peg. The latest decline in BTC/USD saw prices hit an intraday low of $29,944.80 earlier in today’s....