Bitcoin, Ethereum Technical Analysis: ETH Below $1,600, BTC Under $21,000 to ...
Ethereum extended recent declines to start the week, as the token briefly fell below a key support point in today’s session. Monday’s sell-off saw the majority of the cryptocurrency top 100 in the red, with the global market cap down 1.61% as of writing. Bitcoin also slipped, once again falling below $21,000. Bitcoin Bitcoin (BTC) started the week in the red, as prices of the token dropped following a mini-rally over the weekend. Less than 24 hours after hitting a high of $21,668.85, BTC/USD slipped to an intraday low of $20,939.18 earlier in the day. This drop led to bitcoin....
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A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that […]
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....
Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done by crypto analyst Crypto Patel laid out a path to where the....
Ethereum has plummeted more than 5% in the past 24 hours to touch a low of 0.00187BTC. Currently sustaining at 0.00192BTC, Ethereum does not provide a low-risk trading opportunity to the market participants. But yes, those who would have followed our short advice in the previous Ethereum price technical analysis A Decisive Breakdown would have profited. At the current level, I am compelled to put forth points which solidify my opinion that the ETH-XBT pair is in a “no-trade” zone. I will be drawing these points from the 4-h ETH-XBT price chart taken from KRAKEN exchange. Chart Structure –....
Ethereum has spent the better part of recent months losing ground to Bitcoin, and this underperformance may now be approaching a turning point, at least according to a new technical outlook shared by crypto analyst CrediBULL Crypto. The technical analysis shows that the ETH/BTC pair is no longer breaking down and is now quietly settling […]