Ethereum Briefly Shatters $1,000 Support as Market Downturn Intensifies

Ethereum has seen some incredibly strong price action throughout the past few days and weeks, with buyers taking full control of its price action as they hold it above $500 for an extended period of time. The selling pressure seen here has proven to be quite significant, as its rally has halted in its tracks […]

Bitcoin closed just below the arc support it had been resting on for a couple days. As you can see below, the top of the square stopped this advance for 3 days in a row. This break below support does not support the bullish argument. Here can see that the bearish setup from the swing high on a 4-hour chart (Kraken) has also seen a break in support, as price has closed below first arc support (blue arc), and also below the 2×1 Gann angle (red line). As can be observed, the 2×1 was resisting price for quite a while before it just briefly managed to get (marginally) above the angle. All of....

Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as prices rallied following a turbulent 24 hours of trading, which saw prices fall below $19,000. Following this drop, the world’s largest crypto token climbed, hitting a peak of $20,361.12 earlier in the day. Volatility in the market comes following the....

While Bitcoin explodes past $17,000, Ethereum has seen only tempered momentum That being said, the crypto was able to break above a crucial resistance level today, and is trying to gain a footing above $470 This has led one analyst to expect significantly further upside in the near-term He believes that $480 is the next key level that ETH will target, with a break above here being vital for it to see a strong push […]

Ethereum extended recent declines to start the week, as the token briefly fell below a key support point in today’s session. Monday’s sell-off saw the majority of the cryptocurrency top 100 in the red, with the global market cap down 1.61% as of writing. Bitcoin also slipped, once again falling below $21,000. Bitcoin Bitcoin (BTC) started the week in the red, as prices of the token dropped following a mini-rally over the weekend. Less than 24 hours after hitting a high of $21,668.85, BTC/USD slipped to an intraday low of $20,939.18 earlier in the day. This drop led to bitcoin....