Ethereum Price Faces Renewed Pressure—Is a Breakdown Imminent?
Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone. Ethereum started a fresh decline below the $2,720 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,720. Ethereum Price Dips Again Ethereum price attempted a fresh increase above the $2,650 level, like Bitcoin. ETH broke the $2,720....
Related News
World Liberty Financial (WLFI), a forthcoming cryptocurrency platform endorsed by President Donald Trump and his sons, has reported a significant uptick in the sale of its governance tokens. After a slow initial rollout approximately four months ago, Bloomberg reports that the platform has sold over 24 billion of its WLFI tokens, representing more than 96% of its total supply. As it stands, fewer than 1 billion tokens remain available for sale. World Liberty Financial Token Sale Sparks Debate The World Liberty Financial token, priced at 5 cents each, is part of a broader initiative aimed....
Bitcoin is witnessing the development of a troubling divergence, which poses several questions about the sustainability of the cryptocurrency’s growth. Here’s the most important one so far — how does it affect price? Network Activity On Decline As Price Rises In a Quicktake post on the CryptoQuant platform, crypto pundit CryptoOnchain highlighted a growing negative […]
Recently, the price of Bitcoin (BTC) has entered a consolidation phase, fluctuating between $61,000 and $62,000 after a brief drop to $58,000 on June 24. While retail investors have shown renewed interest alongside institutional counterparts, the market faces a mix of bullish signs and potential headwinds. Retail Investors Return To Bitcoin In a recent social media post, crypto analyst Ali Martinez highlights the resurgence of retail investors, as evidenced by a four-month high in new BTC addresses reaching 432,026, adding to the sentiment that investors are betting on a significant price....
Cardano price started a fresh decline from the $0.820 zone. ADA is now consolidating losses and at risk of more losses below the $0.7350 level. ADA price started a fresh decline below the $0.80 and $0.7650 levels. The price is trading below $0.7750 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7750 resistance zone. Cardano Price Climbs Above $0.750 After a decent increase, Cardano faced....
Ethereum appears to be entering a pivotal phase as the market stabilizes around a key support level near $3,800. After a period of correction, technical indicators, structural signals, and price action now suggest the potential for a renewed bullish move. Ethereum Slips Below Key $4,060 Support Ted, in a recent update shared on X, pointed out that Ethereum has slipped below its crucial $4,060 support level, a move that may hint at a short-term bearish phase for the asset. This breakdown has drawn traders’ attention to lower support regions, as Ethereum’s next moves will likely determine....