3 reasons why Ethereum price can still retest $3K this month
A mix of technical, fundamental and on-chain indicators shows ETH’s price could boom higher as Q1 winds down. Ethereum’s native token, Ether (ETH), could reach back to $3,000 in March, backed by a mix of short-term technical, fundamental and on-chain catalysts.ETH’s price paints “symmetrical triangle”The first interim bullish outlook for Ether ironically comes from a bearish continuation pattern.Notably, ETH’s 50%-plus decline from its all-time high of around $4,650 on Dec. 2, 2021, followed up with forming a consolidation channel called a symmetrical triangle. Thus, the Ethereum token has....
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The price of Bitcoin (BTC) declined to $16,000 across major exchanges after hitting $16,480 on November 14. Although the BTC price recorded a near 3% drop within 24 hours, the retest is healthy for the ongoing rally. The 15-minuteprice chart of Bitcoin. Source: BTCUSD on TradingView.com Reasons Why the Drop to $16k Could Actually Benefit […]
Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]
Ethereum price corrected 16% in 4 days, led by these three key factors. The crypto market saw a significant correction today and Ether (ETH) price did not escape the carnage. In the last 24 hours, the top altcoin recorded a 12% drop as the price fell to $331. In the same period, Bitcoin (BTC) price slipped by 6.3% to find support near $10,300.Ether’s decline comes after a head and shoulders pattern became clear on the daily timeframe and the price slid into a shart downtrend over the past four day. ETH/USD 1-week chart. Source: TradingView.comThree reasons are likely behind Ether’s poor....
Bitcoin price flashed a few bullish signals on Nov. 29, leading analysts to share their opinions on why BTC should close November above $60,000. The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend.BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what analysts and traders are saying about Nov. 29’s price action and whether or not Bitcoin is likely to reclaim the $60,000 level.A $60,000 retest is “on the....
On-chain data suggests the path to $2,500 could be open for Ethereum now that the asset has managed to cross the $2,100 mark. Ethereum Has No Major Resistance Levels Until $2,500 In a new post on X, the market intelligence platform IntoTheBlock has provided an update on how the Ethereum levels are looking in terms of on-chain support and resistance. In on-chain analysis, ranges are defined as support or resistance based on how many investors acquired their coins inside them. The below chart shows the density of addresses at various levels above and below the current spot price of the....