Ethereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins
Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all-time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most intense one seen since this uptrend first got started a handful of weeks ago Where it trends next will depend […]
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Yearn.finance’s YFI governance token has found itself caught within a consolidation phase alongside Bitcoin and the rest of the crypto market. It has been able to push significantly higher from where it was trading just a couple of weeks ago, with buyers attempting to form a price floor within the lower-$13,000 region. Despite the immense […]
Ethereum has undergone a strong correction from the 2020 highs near $490. The leading cryptocurrency currently trades for $345, down 30% from the aforementioned highs. Many investors have pointed to this correction as the start of a longer-term bearish trend for ETH. This may not be the case: analysts say that Ethereum’s long-term outlook is still positive. They cite pivotal technical factors, including but not limited to a strong set of technical levels below ETH’s […]
Bitcoin has risen 1.3% or $3.6 since yesterday as bulls finally make an attempt to approach the resistance. This is somewhat encouraging given that the Greek banks were opened yesterday and citizens were allowed to withdraw their Euros. Maybe the market is expecting the Greeks to convert their withdrawn Euros into Bitcoin for capital preservation purposes. Currently trading at $279.69, Bitcoin offers low-risk trading opportunities to the market participants. But before we get to that, please take note of the wide divergence between the price action and the technical indicators. Bitcoin....
The crypto market has now seen more than $50 billion lost in a one-day period as the market lost its recovery streak. This had been expected for the market due to the large recoveries recorded in a short period of time. This has brought down the crypto total market to an important level. Crypto Market Drops Below $1 Trillion Bitcoin and Ethereum’s remarkable recoveries last week had done enough to push the whole of the market upward. As a result, the crypt market quickly added more than $100 billion during this time. It had pushed the total market cap above $1 trillion once more, too much....
Ethereum has been hit hard by the recent market-wide downturn, with the cryptocurrency’s price crashing by nearly $30 in a matter of minutes earlier today This move struck a serious blow to its technical outlook, leading many investors and analysts to anticipate further downside in the near-term One trader is specifically setting his sights on a move down towards $280, explaining that this is a bastion of buying pressure for ETH Whether or not Ethereum […]