Why Ethereum’s Latest Bounce Could Signal The Start Of A New Bull Run
Ethereum has once again proven its resilience, bouncing strongly off a long-term ascending support trendline that has consistently sparked major rallies in the past. This ascending trendline signals renewed confidence from buyers each time it’s tested. The latest rebound, taking place with visible strength, suggests that Ethereum may be gearing up for another powerful move […]
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The on-chain analytics firm Santiment has explained how this could be the signal that leads into the next bull run for Bitcoin. Bitcoin Miner Supply May Hold Key To Start Of Next Bull Rally In a new post on X, the analytics firm Santiment has discussed the trend in the “Supply held by Miners” metric. […]
Bitcoin price is now above $40,000, up more than 20% from the lows set in late January. Despite the recovery, common sentiment across the crypto community, analysts, and more is that the bottom is nowhere near in. Meanwhile, BTCUSD has began its recent bounce from a seven year secular bull trend line. Could that fact combined how few are expecting a bottom be the best case for why one might already be in? Contrarian Take: Crypto Market Sentiment Would Be Blind To A Bottom In a flash, Bitcoin has risen back above $40,000 – still a far cry below the $100,000 end of year 2021 targets the....
Ethereum’s price has formed a flat. It may provoke a short-term trend when it leaves the corridor. Which direction will Ethereum choose? The downward trend on Ethereum’s market is not broken yet. The price is moving within a flat, preparing for another dash. If the downward trend is to continue, there will be a bounce off that point, but if the bulls hold the advantage, Ethereum’s price will start fortifying at that level. The change of trends is most likely to happen at the top limit of the trend, which is at the level of $8.4.
BTC and stocks bounced back from Monday’s onslaught as analysts speculate that the Fed’s upcoming rate hikes are beginning to be priced into the Bitcoin’s price action. The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of Bitcoin (BTC) climbed to $37,500 briefly as stock markets staged a midday rally that recovered most of the losses from Jan. 24.Even with Jan. 25's recovery, global markets remain in a state of flux, primarily due to uncertainty over the U.S. Federal Reserve’s plan to raise interest rates in the coming months, with....
Despite Bitcoin (BTC) and Ethereum (ETH) still struggling to reclaim their all-time highs, there appears to be a distinct fact amongst both assets now, as shown in the latest data. Particularly, according to Matrixport’s recent report, Ethereum is now displaying greater price fluctuations compared to Bitcoin in the past weeks. Related Reading: Ethereum Price Gains Strength, Outpaces Bitcoin With An 8% Surge Ethereum’s Volatile Outpacing Bitcoin’s Volatility measures the price variations of an asset over time, with higher volatility indicating more significant price....