This Indicator Predicts Probable Bearish Trend Ahead For Ethereum
The crypto market started climbing downhill after the Federal Reserve August 26 meeting many coins plummeted, including the top two, Bitcoin and Ethereum. As of August 28 and 29, ETH was losing and trading in the reds. But it seems everything is bouncing back to normal. Ethereum started an uphill climb at the close of the market on August 29. The coin recorded an intraday high of $1,556.31 and closed the market at $`1,553,04. The lowest point on August 29 was $1,427.73. At the time of writing, stands at $1,571. Related Reading: WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup |....
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The price of Near Protocol (NEAR) showed bullish signs of going higher to a region of $6-$7, but the price was rejected back to its support area, where it has found high demand for its price. Bitcoin (BTC) and Ethereum (ETH) all saw a relief bounce from their monthly low, leading to altcoins like Near Protocol (NEAR) having a measure of relief bounce. (Data from Binance) Related Reading: This Indicator Predicts Probable Bearish Trend Ahead For Ethereum Near Protocol (NEAR) Price Analysis On The Weekly Chart The price of NEAR showed some great bullish strength after breaking above its....
Bitcoin has been moving sideways over the past week in a tight range, but the cryptocurrency might experience volatility as bulls and bears fight over the monthly candle close. The benchmark has been unable to recover its gains from last week and continues to trade in the red over high timeframes. Related Reading: This Indicator Predicts Probable Bearish Trend Ahead For Ethereum At the time of writing, Bitcoin (BTC) trades at $20,300 with sideways movement in 24 hours and a 6% loss over the past week. Along with Solana (8%) and Dogecoin (8%), Bitcoin is the worst performer in the crypto....
On-chain data shows the Ethereum netflows are sharply turning positive, a sign that could prove to be bearish for the crypto. Ethereum Exchange Reserve Rises As Netflows Become Positive As pointed out by an analyst in a CryptoQuant post, exchanges have observed net ETH inflows recently, swelling up their reserves. The “all exchanges netflow” is an indicator that measures the net amount of Ethereum moving into or out of wallets of all exchanges. The metric’s value is calculated by taking the difference between the inflows and the outflows. When the value of the indicator....
The altcoins’ volatility has decreased. As it usually happens, a trend is followed by a period of calm, which is then followed by a new trend. Will there be a new sharp fall of altcoins? Ethereum’s price could not fortify at an important level of $16. There was only one option after that kind of development - to continue its downward movement as a correction towards the long-term upward trend. Ethereum’s price has yet again approached the minimal target of the correction. For a more likely downward movement there needs to be a rebound towards the whole downward trend. That rebound will....
According to on-chain data, around 200k ETH entered exchanges yesterday, a sign that Ethereum might face more downside soon. Central Exchanges Observe Inflow Of 200k ETH As pointed out by a CryptoQuant post, more than 200k ETH entered exchange wallets yesterday. At the current rate, this amount is worth about $839 million. The relevant on-chain indicator here is the Ethereum netflow, which shows the net amount of the crypto entering or exiting central exchanges. Its value is calculated by taking the difference between the inflows and the outflows. When the metric has negative values, it....