Here's why pro traders expect further downside from Ethereum price

Here's why pro traders expect further downside from Ethereum price

Ethereum's EIP-1559 upgrade is fast approaching, but derivatives data shows traders are less than optimistic about ETH's short-term prospects. Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin's modest 22% price increase, traders seem to be more affected by Ether's recent underperformance.Institutional flow also backs the decreased optimism seen in Ether derivatives, as ETH investment vehicles suffered record outflows this past week while....


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Here’s what traders expect now that Ethereum price is over $3,000

ETH traders hint that the bull market could be back after Ethereum price hit $3,000 for the first time in 79 days. This week Ethereum's London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100.Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH)  did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in and pushed its price back above $2,800, its highest level since June 7. This bullish momentum extended further after Bitcoin price surged above....

Ethereum Price Weekly Analysis – ETH/USD Testing Crucial Support

Ethereum price was under a lot of bearish pressure against the US dollar, and currently the bulls are fighting around a major support. Key Highlights. Ethereum price declined heavily versus the US Dollar, but currently trading near a crucial support. There is a critical bullish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which may stop the downside going forward. The 100-day simple moving average is also on the downside to act as a support area. Ethereum Price Trend. Ethereum price ETH after staying above the $13.00 level against the US Dollar for some time,....

Ethereum Price Technical Analysis – Annoying Range Moves In ETH

Ethereum price is still in wait and watch mode. No doubt, there is a major break forming on the hourly chart, which traders must consider before trading. Key Highlights. Ethereum price continued to trade in a very tiny range vs the US Dollar, as there was no real move in ETH/USD. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD is still intact and acting as a resistance for the buyers. On the downside, the 100 hourly simple moving average is acting as a support and preventing losses. Ethereum Price Break. Ethereum price ETH may be annoying to....

Bitcoin Price Decline Targets Below $400 (Bitcoin Analysis)

Jungle Bitcoin Price Analysis Workshop. The Bitcoin price decline has resumed after bulls staged a weak rally to levels around $450. Last week's Bitcoin analysis forecast a retracement to the $450 area and, like clockwork, early Monday trade is showing signs of pushing to our interim target at $400 and perhaps lower. However, the price decline is about to run up against rising channel support. Takeaway. Pattern analysis shows that trend is still heading to the downside. While keeping an eye on continued risk of decline, traders and investors should focus on systematically building their....