Is Ethereum Stronger Than Bearish Macro Factors? Why ETH Will Be Tested This ...
Ethereum has lost bullish momentum over the weekend and hints at a pullback in the short term. The cryptocurrency is still leading the current crypto market recovery with a 14% profit over the past week but might be negatively impacted by macroeconomic factors. Related Reading | Bitcoin Bulls Try To Recoup As BTC Dislodged From $22,000 Level At the time of writing, Ethereum (ETH) trades at $1,530 with a 5% loss in the last 24 hours. According to a senior analyst at research firm Messari, the second cryptocurrency by market capitalization will face several challenges this week. As....
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Ethereum classic price fell once again versus the Bitcoin and it looks like ETC may remain under a bearish pressure for some time. Key Highlights. Ethereum classic price traded further lower against the Bitcoin, and tested the last low of 0.00182BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a perfect barrier for the bulls. The price is under a bearish pressure, and sellers may attempt to break the last low of 0.00182BTC. Ethereum Classic Price Downside Move. Ethereum classic price struggle to trade higher against Bitcoin....
Traders say BTC is following the expected trajectory, but several macroeconomic factors and geopolitical tensions remain a threat to Bitcoin hitting a new all-time high. After dropping below $45,000 on March 31, Bitcoin (BTC) surprised investors with a quicker-than-expected recovery to the $46,500 level.Data from Cointelegraph Markets Pro and TradingView shows that bears managed to drop BTC to an overnight low of $44,210 before bulls showed up in force to lift the price back above $46,500 by midday. BTC/USDT 1-day chart. Source: TradingViewHere’s what several analysts are saying about the....
Ethereum extended losses below the $2,500 level against the US Dollar. ETH even tested the $2,200 support and remains at a risk of more losses. Ethereum remained in a bearish zone and declined below $2,300. The price is now trading below $2,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but the bears might remain active near $2,400. Ethereum Price Dives 10% Ethereum remained in a bearish zone below the $2,500 pivot level. ETH traded....
Ethereum classic price declined towards 0.00100BTC, and it looks like the bearish pressure on ETC/BTC is here to stay. Key Highlights. Ethereum classic price extended its downside move, and almost tested our long waited target of 0.00100BTC. Yesterday’s highlighted bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC acted as a resistance at 0.00108BTC and pushed the price down. The price remains at a risk of more declines in the short term as long as below 0.00108BTC. Ethereum Classic Price Decline. ETC price failed to recover intraday against the Bitcoin and....
Ethereum price is under a lot of bearish pressure, which calls for a test of $10.00, but I think it’s time for sellers to book profits for now. Key Highlights. Ethereum price tumbled further against the US Dollar and traded below the $11.00 support area. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which are acting as a barrier for a recovery. My yesterday’s bearish view paid off since the price moved down further and broke the $11.20 support area. Ethereum Price Tumble. Ethereum price ETH was crushed during the past few hours, as....