Parabola Imminent: Ethereum’s Accumulation Range was Bigger Than BTC’s
Ethereum is rapidly approaching the crucial $600 level that has long been a pivotal point for its various trends This level has held strong on multiple occasions as resistance, which would make any break above it technically significant One trader is now noting that a serious move higher could be imminent for Eth in the near-term He points to a macro accumulation range that Ethereum is just starting to exit, noting that it was within […]
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Bitcoin price has been hanging around the mid-to-high $50,000 range for weeks now, with neither side – bears or bull – making any headway. The sideways action has resulted in a break in the recent parabola, but the typical downside reaction hasn’t arrived. When comparing past bull market cycles and their pausing points using a […]
Ether has entered a bearish range that preceded a 35% price crash in the April–May 2022 session. Ethereum’s native token, Ether (ETH), recorded better gains than Bitcoin (BTC) over the past 24 hours despite the latter finally rising above the key $20,000 level.Ether beats Bitcoin in risk-on rallyOn the daily chart, Ether jumped approximately 14% to reach its weekly high of $1,554 (data from Binance) on Oct. 26. Bitcoin underwent a similar rally, but its week-to-date profits are just 6% by comparison. The ETH/BTC pair gained around 8%, climbing as high as 0.075 BTC on Oct. 26.ETH/BTC daily....
Bitcoin blasting above $50,000 per coin made it clear that the parabola would continue, marking the third major parabolic phase in the cryptocurrency’s short lifecycle. Commodities trader Peter Brandt has seen many price charts throughout his storied career. This sort of behavior in an asset is rare, according to Brandt. But three times? That’s “historic,” he says. And according to a chart he’s shared, the parabola has a lot more to go before it is […]
Bitcoin has returned to the $40,000 levels as it bounced back from the high area of around $30,000. The first crypto by market cap managed to hold off the bears and retraced some of this week’s losses. Related Reading | TA: Ethereum Faces Key Challenge, Why Fresh Decline Still Possible At the time of writing, BTC’s price trades at $40,200 with a 3% profit in the last 24-hours. The general sentiment in the market seems pessimistic as Bitcoin remains rangebound in higher timeframes. The cryptocurrency has been trading in the $30,000s to the $60,000s area, and in a tighter range over the....
Bitcoin has fallen below $35,000, and while given the asset’s recent highs sounds like a sizable correction, the price per BTC is still nearly 1000% higher than where it was less than one year ago. After such extreme moves to the upside, often come crashes that eliminate much of the progress made, until the parabola starts […]