Ethereum Enters Overbought Levels With Weekend Pump, Why A Crash Could Be Coming
Moving alongside Bitcoin, the Ethereum price has actually been able to reclaim $3,000, moving up faster than anticipated over the weekend. This resulted in an over 6% daily increase by Sunday, as sentiment began to move toward the positive again. However, this move has not completely erased the bearish expectations surrounding the cryptocurrency, especially as one crypto analyst points out that the digital asset has now actually entered overbought levels. Ethereum In Dangerous Territory In a TradingView post, crypto analyst SignalProvider highlighted that Ethereum has now entered....
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Bitcoin is slowly stabilizing after the dramatic flash crash that briefly sent its price plunging to $101,000 last weekend. The event caused widespread liquidations across the derivatives market and rattled trader confidence, leaving market sentiment deeply shaken. On-chain data from CryptoQuant shows that Bitcoin’s open interest variation fell to negative 25 in the aftermath of […]
Ethereum has struggled greatly during the last few weeks, losing the psychological $3,000 level and triggering what many believe to be the start of another bear run. During this time, sentiment has taken an even bigger hit, plunging so far into the negative territory that it’s sitting at levels not seen in years. Naturally, this […]
Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session.
Bitcoin
BTC is currently trading 6% higher than at the beginning of the week, this coming as prices rallied to multi-week highs.
On Saturday, BTC/USD hovered marginally below its resistance of $45,050, as prices rose to an intraday high of $44,999.49.
Following four consecutive days of gains,....
Over the weekend, the Ethereum price broke above $4,900 to mark a brand-new all-time high after a choppy four years. Naturally, this has resulted in heightened volatility strengthened by both buying and sell-offs, as investors tend to take profit during levels like this. The next step is for Ethereum to step into price discovery as […]
Bitcoin went into the weekend on a strong note, taking out $11,000 and holding above it. But after the cryptocurrency made an attempt at $11,200 a rejection has the asset’s price back to $10,500 where its now at risk of a steeper correction. Blockchain data shows that the weekend crash could have been driven by […]