Ethereum Hasn’t Even Started: 3 Technical Signs Suggest Bull Trend Coming
Ethereum has dramatically underperformed Bitcoin over the past two weeks. The coin has gained 13% in the past two weeks while BTC has gained 20%. Analysts think that the gap may begin to close shortly. One trader noted that there are a number of technical signals derived from the Ichimoku Cloud indicator suggesting Ethereum will move higher. Ethereum Forms Pivotal Bull Signals Ethereum has dramatically underperformed Bitcoin over the past two weeks. The leading crypto […]
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In the middle of an outstanding bull market for the whole crypto space, Ethereum stands out in a big way. And it’s easy to see why. On one hand, we have the rise of DeFi and the NFT craze. On the technical side, we have the EIP-1559 update coming in July. And on the corporate […]
Ethereum has recently started to break higher against Bitcoin. ETH is up around 15% against BTC over the past week. Its rally has shown analysts that there may be a time for altcoins to rally in the coming weeks or months. Key technical signs show that Ethereum will continue to rally against Bitcoin. Ethereum Is Poised to Break Higher Against Bitcoin, Key Technicals Show Ethereum has recently started to break higher against Bitcoin. Prior to […]
Ethereum price climbed higher, and finally started recovering. Can it continue trading higher or will it move down? Key Highlights. Ethereum price started recovering against the US Dollar, and managed to improve by a fair margin. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD was broken, which opened the doors for more gains. The price is now well above the 100 hourly simple moving average, which can be considered as a buy zone. Ethereum Price Recovery. Ethereum price ETH climbed higher against the US Dollar, and gained by more than $3.....
Ethereum price recent correction looks impressive. However, ETH/USD needs to clear 100 hourly SMA to gain further strength. Ethereum Price – Can Trend Line Hold? Ethereum price ETH finally showed some signs of life and moved higher after trading towards $7.00. There was a nice upside reaction, but the price found offers near the 100 hourly simple moving average. There was no proper hourly close above the 100 SMA, which can be seen as a concern for the ETH bulls. Moreover, the price failed to break the $8.00 resistance area as well, which is another negative sign. However, there is a hope....
Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that could take the asset far beyond $92,000, despite recent losses. Related Reading: The Sandbox (SAND) Sets Sights On 1,111% Growth Amid Crypto Market Pressures Short-Term Projection Bitcoin’s immediate technical projection points to a possibly positive trend. Right now, Bitcoin is selling 39.27% below its....