Ethereum vs. Bitcoin: Did ETH/BTC just bottom as Ether eyes $2K?
The ETH/BTC pair is showing signs of bottoming, but further consolidation should not be ruled out. Bitcoin’s (BTC) price has been broken past a major resistance level of $52,000 in the past few days and is approaching the all-time high region. However, other cryptocurrencies are rallying heavily as well. In the recent months, the market has seen massive surges for Cardano's Ada, Polkadot's DOT and Cosmos' Atom.These altcoins have been seeing impressive gains as Ether (ETH) faces scalability issues and high network fees. This is resulting in negative sentiment on social media, where some....
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Ether's price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different? Ethereum's native token Ether (ETH) entered its "oversold" territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI).This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push way lower on weekly rsi, not trying to catch a bottom. https://t.co/kLCynTKTcS— The Wolf Of All Streets (@scottmelker) June 12, 2022 ETH eyes oversold....
Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien Timmer, director of Global Macro in Fidelity Investments’ global asset allocation division, shared his bitcoin and ether price analysis in a series of tweets Friday. Timmer specializes in global macro strategy and active asset allocation. He joined Fidelity 27 years ago as a technical....
Traders should be cautious as ETH price is facing big resistance alongside rising Bitcoin dominance. All eyes have been on Bitcoin price in recent weeks as the world's biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum's Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case with the U.S. dollar pair but also with the Bitcoin (BTC) pair, as the latter may have just reached its cycle low. Could this mean that there’s an alt season on the horizon? The signals are....
A new crypto project aiming to mint tokens from burning Ether is behind Ethereum’s deflationary turn. Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors.From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts since June 2022, as shown below.ETH/USD weekly price chart. Source: TradingViewIn other words, traders have shown interest in buying Ethereum tokens near this....
Bitcoin bulls should brace for a wild upside run towards $41,000. According to Scott Melker, crypto trader and host of WOAS Podcast, the cryptocurrency’s sharp rebound from $32,000 to above $38,000 confirmed two textbook bullish reversal indicators: Double Bottom and Falling Wedge. Bitcoin Double Bottom Starting with the Double Bottom, Mr. Melker highlighted two consecutive […]