Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800
An analyst has explained how losing this on-chain demand zone could cause Ethereum to witness a crash to as low as $1,800. Ethereum Is Currently Retesting A Major On-Chain Support Zone In a new post on X, analyst Ali Martinez has discussed about how Ethereum is looking like in terms of investor cost basis distribution right now, citing data from the market intelligence platform IntoTheBlock. In the above chart, the dots represent the amount of ETH that was last purchased by investors or addresses inside the corresponding price range. As is visible, the $2,292 to $2,359 range stands out in....
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The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new analysis on X (formerly Twitter) on the Bitcoin price that paints a rather bearish picture for the pioneer cryptocurrency.....
As the crypto market grapples with significant volatility and uncertainty, expert analyst Miles Deutscher has outlined ten reasons to be optimistic about the year’s fourth quarter (Q4). With Q4 fast approaching, Deutscher emphasizes that a monumental market shift could catch many investors off guard. Trends And Factors That Could Impact The Crypto Market In a recent social media post, Deutscher broke down his analysis into seasonality, macroeconomic factors, and crypto-specific elements. Deutscher begins by discussing the concept of seasonality, noting that market movements often....
Bitcoin (BTC) has come under intense selling pressure, with crypto analyst Nicholas Merten, known as the host of DataDash, predicting a significant downward leg for the leading cryptocurrency. In a recent strategy session, Merten expressed concerns that BTC is primed for a bearish move. Merten’s analysis revolves around the persistent resistance that Bitcoin has encountered […]
Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Related Reading: Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800 Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It sometimes....
A quant has explained how the Bitcoin exchange reserve on-chain indicator differs between the current crash and that of May’s. After Spiking Ahead Of The Crash, Bitcoin Exchange Reserves Have Resumed Downtrend As explained by an analyst in a CryptoQuant post, the current trend in BTC exchange reserves is quite different from when the crypto […]