Ethereum Breaks To The Upside, Why ETH Could Track On Price Discovery
Ethereum is leading the charge on this fresh run towards new frontiers. As of press time, the second crypto by market cap trades at $4,432 with a 5.6% profit in the daily and 9.1% profits in the weekly chart. Up 500% Year To Date, Ethereum has rallied on the back of massive adoption of non-fungible tokens (NFTs), decentralized finances (DeFi), and institutional demand. Related Reading | TA: Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH As seen below, in the chart shared by Joe Orsini research director at Eaglebrook Advisors, Ethereum has gone from under $1,000 to its....
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Ethereum appears to be entering price discovery mode, with bulls taking full control of its price action as they sent the crypto flying It set fresh all-time highs overnight and is currently consolidating below the $1,600 resistance level that many analysts have been watching A break above here could confirm that it is currently in price discovery mode and allow for significantly further upside in the days and weeks ahead One trader is now highlighting […]
Over the weekend, the Ethereum price broke above $4,900 to mark a brand-new all-time high after a choppy four years. Naturally, this has resulted in heightened volatility strengthened by both buying and sell-offs, as investors tend to take profit during levels like this. The next step is for Ethereum to step into price discovery as […]
The 30-day correlation between Ether and Bitcoin remains at 0.81 above zero. Ethereum's native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level.Ethereum breaks $4,000, nearing new all-time highETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency's run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery.According to data provided by Crypto Watch, the 30-day....
Ethereum and the altcoin market are stagnating against Bitcoin with the ETH/BTC pair being the key to the next altseason. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has been lagging behind Bitcoin (BTC). Historically, when BTC surges, altcoins tend to rally with larger upside price movements.This time, Bitcoin has been clearly outperforming the altcoin market, particularly in December. BTC market cap dominance has recently risen to a one-year high of around 70%, largely due to the big sell-off in XRP in the past week. BTC/USD vs. ETH/BTC (yellow), LTC/BTC (orange),....
XRP is now back trading above $3 and is holding well above the price level. This is on the back of days of consolidating around $2.8. Although price action in the past 24 hours has seen XRP trading back above $3, it is yet to confirm a close to solidify the zone. Against this backdrop, technical analysis of the XRP 4-hour candlestick timeframe chart shows a critical level that could determine whether XRP finally breaks free into price discovery. Resistance Keeping XRP From Price Discovery Although the XRP price is currently inching slowly upwards, technical analysis shows it is yet to....