Ethereum eyes fresh yearly lows vs. Bitcoin as bulls snub successful 'Merge' ...
ETH price could drop by another 25% this month, a mix of technical and fundamental indicators suggest. Ethereum's native token Ether (ETH) resumed its decline against Bitcoin (BTC) two days after a successful rehearsal of its proof-of-stake (PoS) algorithm on its longest-running testnet "Ropsten."The ETH/BTC fell by 2.5% to 0.0586 on June 10. The pair's downside move came as a part of a correction that had started a day before when it reached a local peak of 0.0598, hinting at weaker bullish sentiment despite the optimistic "Merge" update.ETH/BTC four-hour price chart. Source:....
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The Ethereum Merge is fast approaching, and the anticipation around the upgrade has led to some interesting happenings in the crypto sector. It has propelled the price of the digital assets to new highs, even with the downtrend, holding its value better than most of the market. Ethereum has now marked another new high ahead of its long-awaited Merge. This time around, it is a win against the largest cryptocurrency, Bitcoin. ETHBTC Touch New Highs Ethereum versus Bitcoin is a never-ending contest that has put the two communities at odds. Bitcoin still maintains its dominance over Ethereum....
Bitcoin continues to observe new yearly lows for volume as volatility also continues to decline further. Bitcoin Volume And Volatility At Yearly Lows As per an Arcane Research report, the 7-day average trading volume for BTC continues to hit yearly lows. This is the third consecutive week that the indicator has plunged down. The below […]
The Bitcoin price has been moving sideways on low timeframes after experiencing a rejection north of $20,000. The number one cryptocurrency by market cap was benefiting from Ethereum’s “Merge” bullish momentum, but with that factor gone, bears seem to be back in control. Related Reading: ETH Backpedals After Hitting $1,800 Ahead Of Merge Last Week At the time of writing, the Bitcoin price trades at $19,200 with a 14% loss over the past week and sideways movement in the last 24 hours. The cryptocurrency crashed below a critical support zone at around $18,500 during the weekend which has....
Merge trials on testnets are essential to allow Ethereum developers and independent project developers to understand what they can expect when the actual Merge takes place. Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the proof-of-stake (PoS) consensus mechanism.While it's been judged mostly a success, it was not incident free.The final trial of the Merge is set to occur on the Goerli network over the next few weeks before the official Merge on the Ethereum mainnet can be given the go ahead.....
Support and resistance aside, it's all about the yearly pivot for Bitcoin price action, says Decentrader's Filbfilb. Bitcoin (BTC) is at a “pivotal” point and faces macro forces that could influence it for “months to come,” fresh research says.In its latest market update on April 8, trading suite Decentrader called for more attention to Bitcoin’s “yearly pivot” price.All eyes on the yearly pivotAfter giving $43,000 support two retests this month, Bitcoin has punctured market sentiment, having reversed direction near $50,000.The move below $46,200 — the opening price for 2022 — was....