Crypto Winter Is Thawing With Bitcoin And Ethereum Rebound Signal
It’s been a rough few weeks for cryptocurrencies, but things are finally looking up! Cryptocurrencies that have fallen off their highs over the past three weeks appear to be on an upward trajectory again. Crypto winter is thawing as crypto markets are showing some signs of life. For example, Bitcoin, which fell 52% from its November highs to a low of around $33,000, has gained 15% in the past seven days, and Ethereum, which dropped 55% from its all-time high, has rebounded 13%. Related Reading | Bitcoin and Ethereum rebound signals ‘crypto winter’ thaw January was a tough month....
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Ethereum is finishing its 'Thawing' phase, designed to help the network grow organically at a slow and steady pace. In a matter of hours, the network will be handling transactions and trading will begin. Ethereum CCO Stephen Tual published a new blog post asking miners are asked to update their clients. Tual published an update last night on the thawing process that Ethereum has been engaged in since its recent launch. Until now, miners were able to verify and add blocks to the blockchain, but no transactions were possible because of an artificially low limit on how much 'gas' could be....
Bitcoin has been on another recovery trend since this past weekend. It has continued on this path which has seen its balance above $44K. For most, this is a low value given that the digital asset was at $69K a few months ago. However, for JPMorgan strategists, this is not the case. Even at the current price which bitcoin has struggled hard to attain, strategist Nikolaos Panigirtzoglou believes that BTC is still overvalued. Bitcoin Fair Value Is 12% Less In a recent research note from JPMorgan, strategist Nikolaos Panigirtzoglou and others share thoughts around bitcoin. Even though the....
Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network. Nevertheless, Ethereum had managed to maintain its lead ahead of Solana. […]
Ethereum’s price continues its downward movement. The price has reached an important long-term resistance line. There is a probability of a change of trends. Ethereum is currently in a zone, which is profitable for purchase deals within the long-term trend. That’s why there is a chance of a new upward rebound. For a more confident signal, Ethereum’s price has to break the medium-term downward trend. The level of $7.5 will be a critical point for a rebound. If the bears don’t hold the advantage at that level, a fortification and a turn are likely to follow. The minimal target will be at....