Ethereum Likely Set Its Local Low for the Year as Buyers Defend $500
Ethereum has been flashing signs of immense strength today, with the cryptocurrency surging up towards $550 as bulls try to erase the recent losses that came about due to the recent market-wide selloff. This comes as Bitcoin also shows some signs of strength, with the benchmark cryptocurrency navigating towards $18,000 following its recent decline that […]
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Ethereum price tried to rise on its daily chart at the time of writing. Over the last 24 hours, ETH rose by 2%, price action continues to be mundane. In the last week, the Ethereum price fell by 21%. Technical indicators pointed towards continued bearishness. Buying strength declined substantially, which has pushed the price of Ethereum closer to its immediate support line. If buyers do not defend the closest support line, then Ethereum could head for a further decline on its one day chart. For the bearish thesis to be invalidated, ETH has to hop past several resistances. Selling dominance....
Ethereum has seen some brutal price action throughout the past few days and weeks, with the selling pressure seen in the $1,300 region proving to be quite intense It is important to note that Bitcoin has been creating massive headwinds for Ethereum as of late, with buyers being unable to guard against an intense decline One trader is now noting that where the market trends next will likely depend on whether bulls can defend $1,000 […]
Ethereum price recently corrected higher versus the US Dollar, but we need to see if the current pace can be retained by buyers or not. Key Highlights. Ethereum price somehow managed to recover a few points yesterday against the US dollar. There was a major bearish trend line formed on the daily chart of the ETH/USD pair (data feed via SimpleFX), which looks like broken during the recent move. If the current break is true, then the ETH/USD pair may head further higher. Ethereum Price Upside Move. Ethereum price ETH remained in a heavy downtrend during this past week against the US Dollar,....
Ethereum is holding strong above the $2,500 mark after a sharp rally in recent weeks, signaling renewed bullish momentum across the market. The second-largest cryptocurrency by market cap is now consolidating just below key resistance levels, with traders and analysts closely watching price action for confirmation of the next move. Bulls appear to be in control, with Ethereum reclaiming critical levels that were previously broken during months of sustained selling pressure. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive – Details Market sentiment is shifting....
A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar.
Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar
Wharton’s finance professor Jeremy Siegel shared his view on inflation, “bitcoin taking over,” and the need for the Federal Reserve to defend the U.S. dollar in an interview with CNBC Friday.
Siegel is....