Ethereum Enters Price Discovery With ATH Breakout, Why $18,000 Is Possible
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 […]
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Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the […]
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....
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 […]
Bitcoin (BTC) appears to be gearing up for another price discovery phase. The leading digital asset by market capitalization has gained an impressive 17.4% over the past month, setting a new all-time high (ATH) of $111,980 on May 22. Bitcoin Ready To Enter Price Discovery Mode? According to a recent X post by crypto analyst […]