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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Citibank has issued fresh 12-month price targets for Bitcoin and Ethereum, laying out a wide set of possible outcomes that range from steep drops to large gains. Related Reading: No Accident: The Powerful Factors Behind Bitcoin’s Late-September Rally According to the bank’s latest note, Bitcoin’s base case sits at $181,000, while a bearish scenario puts it at $82,000. A bullish run could push Bitcoin to $231,000 within a year. Citi Lays Out Wide Range Based on reports, Citi is avoiding a single forecast and instead gives three clear paths for Bitcoin. The bank’s bearish mark of $82,000....
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....
Cardano's Vasil update is expected to be a bullish event, but macro fears are strongly countering the upside bias. Cardano (ADA) will undergo a major network update called "Vasil" on Sept. 22, potentially making its blockchain more scalable and cheaper. Nonetheless, the news has failed to spark any decisive upside momentum in ADA's market.Macro factors weigh on ADA's best upside scenarioIn detail, ADA's price has risen approximately 3.5% to $0.51 since the Vasil launch announcement, including a circa 14% rally followed by its near-perfect wipeout. In other words, traders initially bought....
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....