Trader Goes “Heavily Long” on Ethereum as It Posts “Perfect” Support-Resistan...
Ethereum has been flashing some signs of strength throughout the past few days, with bulls being in full control of its price action as they aim at pushing the cryptocurrency above the key $600 level. This price has long been a pivotal level for the crypto, with each break above its proving to be highly […]
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Ethereum and the entire cryptocurrency market have seen some tempered gains throughout the past few days The selling pressure brought about by Bitcoin’s recent break below $18,000 has dissipated as bulls take back control of the cryptocurrency Where ETH trends in the mid-term should depend largely on BTC, as the benchmark crypto has been in full control of the entire market One trader is now noting that Ethereum is looking poised to see some major […]
The veteran trader says bullish trends make shorting the current correction a dangerous move, and the dip “may already be over.” Bitcoin (BTC) is bullish in three key areas and a “perfect” buy-in is now no lower than $11,000, popular trader Tone Vays says.In the latest edition of his Trading Bitcoin YouTube series on Oct. 14, Vays presented an optimistic take on the Bitcoin price, which he argues has barely any bearish characteristics.Vays: $11,000 zone is “perfect” dipExamining the weekly and daily charts, Vays noted that there was little reason to expect a significant pullback beyond a....
Ethereum Price Key Highlights. Ethereum price is still struggling to pick up its pace in the downtrend, as another consolidation pattern formed on the short-term time frame. Price is stuck inside a descending triangle pattern, with sellers trying to gain enough energy to push for a downside break of support around 0.00160BTC. Ethereum price is able to carry on with its ongoing selloff, although sellers appear to be having difficulty taking it down to new lows. Potential triangle breakout. For now, ethereum price is testing the triangle support but several spikes have formed, which suggests....
Ethereum is primed to move even higher according to a top trader on Binance. He cites two technical trends: a falling wedge and ETH’s ability to maintain the low-$300s and high-$200s. Ethereum Poised to Surge To Fresh High: Leading Binance Trader Ethereum has undergone a strong retracement since its year-to-date highs near $490. The leading cryptocurrency currently trades for $345, far below those highs due to a strong correction in the price of Bitcoin. ETH […]
Following strong gains during Wednesday’s session, bitcoin and ethereum both saw prices consolidate below key resistance levels. BTC remained marginally above $47,300, with ETH trading close to $3,400. The global crypto market cap was 0.48% lower as of writing.
Bitcoin
Bitcoin saw its price consolidate during Wednesday’s session, following strong gains on Tuesday, which saw BTC rise to multi-month highs.
However on Wednesday, BTC/USD fell to an intraday low of $46,746.21, as prices failed to sustain a breakout of the $48,080 ceiling.
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