Ethereum Is Sitting On Its Most Critical On-Chain Support Level — A Rally Eme...
The cryptocurrency market finds itself at a compelling crossroads, and Ethereum has once again returned to a pivotal on-chain support zone that has historically marked major turning points in its market cycle. With ETH now pressing against this same support, the market is exhibiting a strong reaction that could confirm the integrity of the long-term trend. Why This On-Chain Support Zone Defined Ethereum Recovery Ethereum’s price is sitting right on top of its most important on-chain support, and the behavior around this level is exactly what occurs before a big reversal. A popular crypto....
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The quick burst of bullish momentum in the crypto market in the closing weeks of April saw the Ethereum price close the month above $1,800. However, the altcoin failed to end the month in profit, making April its fourth consecutive month with a negative performance. According to the latest on-chain data, the Ethereum price seems to be sitting above a crucial support level, which could determine the altcoin’s trajectory over the next few weeks. ETH Price At Risk Of Falling To $1,772 In a May 3 post on the X platform, prominent crypto analyst Ali Martinez revealed that the price of Ethereum....
Ethereum has been struggling to garner any technical strength in the time following its dip below $380 This is a critical level that has determined its trends in the past, and the break below it is quite bearish Where the entire market trends next will likely depend on Bitcoin, but any near-term BTC downside could force ETH below a critical support level It is currently trading just a hair above this level, and one analyst […]
Price action in Ethereum has attracted the attention of investors and analysts alike, as it trades near a critical support level at $2,600. Analyst Ali Martinez has pinpointed this region as the critical threshold that Ethereum will cross before it makes its next significant move. Related Reading: Bitcoin Potential For Monetary Policy Sparks Growing Interest Among Central Banks If this support is sustained, according to Martinez, it shall serve as the catalyst in staging a rally to usher the cryptocurrency to the ambitious target of $6,000. However, things do not seem that smooth ahead as....
Bitcoin has been sitting above a critical support zone during the weekend. At the time of writing, BTC trades at $56.662 with sideways movement in the daily chart. In the weekly chart, the first cryptocurrency by market cap has a 12.8% following a $10,000 rally from the higher zone in the $40,000 range. The bullish […]
Ethereum price displayed a recovery on its one-day chart. In the past 24 hours, the coin rose by 3%, which has now shifted the altcoin’s support level to a new one. The Altcoin is still not out of the woods as the bears continue to dominate. Buyers are still less in number as compared to sellers, which is a sign of bearishness. If the Ethereum price continues to maintain its upward movement, an influx of buying strength can be witnessed on the 24 hour chart. Over the last week, the Ethereum price has barely made any progress as it was laterally trading. With Bitcoin price....