Ethereum Cruised Past $1500, Is There A Possibility To Retrace To $1200?
Ethereum has rallied considerably over the last week securing close to 53% appreciation. At the moment ETH has managed to break past an important resistance mark of $1500 and flipped it into a support level. The coin maintained a rally after it crossed the $1000 mark, chance of correction still remains on the horizon. Bullish strength has regained vigour as buying strength also shot up. The invalidation of bearish thesis started once ETH managed to cruise past $1200. If the coin remains above the $1500 mark then the bulls could propel the price higher. The rally was also caused by the....
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The bulls for Ethereum are back on the chart, the altcoin has appreciated over the last 24 hours. Bitcoin’s northbound movement has helped Ethereum gain some of its lost value. Other altcoins have also followed a similar trading pattern. Ethereum recently touched the $1500 mark but at press time, the coin was placed slightly below the aforementioned level. In the past week, Ethereum registered close to 30% increase in its value. The new week has made market movers trade in the green. With consistent increase in price, Ethereum left behind the $1280 resistance mark which the coin....
Institutional investors now bet on the possibility of Ethereum surging due to its financial market growth. Standard Chartered analysts trust Ethereum’s growth potential can overtake Bitcoin, the first cryptocurrency by market cap. However, technicals reveal that before future advancement, ETH is bound to retrace. Standard Chartered takes a bullish stand on Ethereum. ETH now has […]
Early in June, Ethereum fell below the $1700 demand zone, and the king of altcoins had no immediate plans to recover. The $1000 band of support has been held for the past month, while the $1300 resistance has not yet been broken. Ethereum Ranging Between $1,000 to $1,200 Although Ethereum seemed to establish a range, it was probably just imitating Bitcoin. The king coin also established a range, and it would need perseverance to traverse the markets without suffering a great deal of loss. ETH/USD hovers around $1k. Source: TradingView Since Ethereum initially began trading on....
People who invested their first stimulus check into Bitcoin in April 2020, would now have more than $10,000. A Twitter account named “$1200 Stimulus Is Now Worth” has been tracking how much the first US $1200 stimulus would be worth if you invested in Bitcoin when the funds were sent out from April 15, 2020. The passing of the first $1200 stimulus bill in April last year corresponded with a huge bull run in the cryptocurrency and stock markets. Bitcoin was sitting at $6,848 on April 15, and if you had invested the $1200 stimulus then it would now be worth $10,211 at today's prices of....
Bitcoin trading took price for another plunge below BTC-China's critical 1500 CNY level today. Buying support pulled price back above 1500 CNY and $242 on two occasions before an upward correction set in. 1500 CNY looks set to be tested again. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and Price Analysis. Time of analysis: 10h51 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has broken below the 1500 CNY support....