Bitcoin, Ethereum Technical Analysis: Ethereum Down 6%, Crypto Red Wave Returns
Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing. This selloff saw prices hit an intraday low of $36,375.54, following a high of $38,437.68 during Wednesday’s market session. As a result, the move saw bitcoin prices move closer to support of $35,000, which is a point it hasn’t reached since....
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A prominent cryptocurrency analyst, Bluntz, has expressed skepticism about the recent uptrend that increased Bitcoin and Ethereum prices by more than 5%. The pseudonymous analyst told his over 224,000 Twitter followers that the flagship crypto assets may face more downturns. Applying the Elliott Wave theory in his analysis, Bluntz predicted that Ethereum is about to complete a five-wave pattern. According to him, Ethereum will decline to $1,450 on completing the wave pattern marked 1, 2, 3, 4, and 5. Bitcoin And Ether Could Face More Downturn Before A Bounce In Bluntz’s technical....
Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Bitcoin fell below $20,000 on Tuesday, as markets prepared for the U.S. midterm elections. Cryptocurrencies were swept by a red wave today, as some Democratic investors expect that American voters will also be favoring such a wave in the political arena. Ethereum also moved lower, dropping below $1,500 for the first time in two weeks. Bitcoin Bitcoin (BTC) prices fell for a third straight session on Tuesday, as traders prepared for the U.S. midterm elections. Following a high of $20,882.38 to start the week, BTC/USD slipped to an intraday low of $19,448.53 earlier today. This drop in price....
Key Highlights. Ethereum price is still in the middle of a correction from its previous selloff, but technical signals are indicating that the downtrend is set to resume soon. A bearish divergence can be seen, as the pair formed lower highs while stochastic made slightly higher highs. Ethereum price could fall from the current resistance levels back down to the previous lows at 0.00190BTC if selling pressure picks up. Impulse wave to resume. A higher pullback to the 0.00240BTC area near the 100 SMA and the previous support might still be possible if the correction wave isn't over. However,....
Ethereum price after trading a few points above $11.20 struggled against the US Dollar, and now ETH/USD has started a correction wave. Key Highlights. ETH price after a nice upside move against the US Dollar found resistance near $11.22, and started a correction. There is a descending channel pattern formed on the hourly chart of ETH/USD (data feed via SimpleFX), which is acting as a downside move catalyst. The price may dip towards $10.90 before gaining bids once again for an upside move. Ethereum Price Trend. There was a nice uptrend initiated in ETH price against the US Dollar, as there....