Ethereum is About to Flip a Key Resistance Level into Support; New Highs Immi...
Ethereum has seen some mixed price action as of late, with the cryptocurrency mainly taking its cues from Bitcoin This has caused it to struggle to gain any serious momentum, with its price being stuck within the mid-$1,200 region throughout the past few days The selling pressure at $1,300 has catalyzed a strong rejection in […]
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Ethereum and the entire crypto market has faced some weakness throughout the past couple of days Although both BTC and ETH are trading well above their recent lows, it is important to note that bears are in the process of reversing yesterday evening’s gains This downtrend could prove to be bearish for ETH, as the crypto has been unable to flip a key resistance level into support This comes as it ventures into what one […]
The price of Bitcoin has to break a key resistance level to revive its bullish trend. Bitcoin (BTC) has been consolidating since the recent all-time high at $42,000 and has risen back above $34,000 at time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times. However, it remains to be seen whether Bitcoin’s price will start accelerating once again or whether BTC price needs more consolidation to build up strength.Several periods of accumulation were seen in 2020, where Bitcoin’s price ranged for a period of a....
Ethereum has seen a strong performance in the past 24 hours. The coin has reached its highest price in days as it moves to $360. While this is bullish price action, Ethereum printed a number of wicks above the current price. This important as above ETH’s current price is an important horizontal resistance. Ethereum failing to surmount this level and flip it into support exposes the coin to a drawdown, analysts say. Bitcoin may end […]
Chainlink has entered price discovery and traders should watch several key levels for the next possible top. Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs,....
Bitcoin will probably not reach $20,000 this year if a key technical price level isn't reclaimed soon. Bitcoin (BTC) continues to be in correction mode with BTC price dropping below $17,600 on Dec. 11, the lowest level since November. Bitcoin in a downtrend on lower timeframesEvery beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago. Meanwhile, some recent news namely the proposed crypto regulation in the United States is bringing fear to....