Ethereum Maintains Bullish Market Structure Despite Selloff; Rebound Imminent?
Ethereum has seen an intense selloff ever since its price reached highs of $1,450 just a few days ago The selling pressure here was rather intense and came about right as BTC started reversing its uptrend This caused the aggregated market to see some intense selling pressure that has yet to alleviate The crypto is […]
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The upward Ethereum trend is continuing. Ethereum’s price is keeping the structure of its trend, which allows it to grow. The upward trend is continuing. Because the upward structure was not disrupted, there is only one option, which is the continuation of the trend. After a rebound, Ethereum’s price could not break through the $13.2 support line; thus, the flat was unable to form. The structure of the trend could continue extending, as long as there are signs of a flat forming. As soon as the flat starts, the whole upward trend, which has started at $10, will end. That’s why it is....
Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
The structure of the upward trend has been disrupted. Ethereum has underwent a rebound towards the upward trend and is about to pick a direction. Will the downward trend continue? All movement which has happened after the $8.5 mark can now be considered a rebound towards the medium-term downward trend. Whether that movement will end up as the first wave of an upward trend or will stay as a rebound, depends entirely on the traders’ reaction at key levels.
A massive crypto market selloff set back the prices of Bitcoin and Ethereum by more than 50%. Ether fell a lot harder, wiping out more gains, but has since recovered a lot better. Technical indicators across the USD pairs of both cryptocurrencies are far more bullish for Ethereum, and it could be a sign of […]
Bitcoin has seen a strong rebound today, with bulls defending against a deeper selloff as the crypto neared the lower-$30,000 region overnight Where the entire market heads in the short-term will undoubtedly depend on BTC and its continued reaction to its key near-term support So far, the buying pressure seen between $30,000 and $33,000 has been promising and could indicate that further upside is imminent One on-chain analyst is also noting that this happens to […]