Ethereum Posts a Pristine Technical Breakout as Analysts Target $400+
Ethereum’s price action has been closely correlated to that of Bitcoin, which has caused it to see a bout of consolidation It was able to post an incredibly strong move higher yesterday that allowed it to break its $380 resistance This level has been a pivotal one for Ethereum for the past several months, and the break above it holds serious technical significance That said, it is now imperative that the cryptocurrency stabilizes above this […]
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Following Bitcoin and other top coins, Ethereum is in red, bleeding at spot rates. In summary, Ethereum is down 20% from the May 2024 highs, easily breaking $3,300, as the Bears target is $3,000 in the short term. Ethereum Down But Analysts Are Bullish: Here’s Why However, amid this deluge of sellers, some analysts remain […]
Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the […]
Post scripting another breakout from a contracting channel, Bitcoin rose to an intraday high of $247.99. With this gain, Bitcoin has marched towards the primary target of $250. On the increased hopes of a possible Greek government deal with its creditors, Bitcoin is trading up 1.04% at $246.98. Market participants must book partial profits when the first target is met. The other two targets of this breakout are $255 and $260. Technical indicators overlaid on the 240-minute BTC-USD price chart tell of a positive undertone for Bitcoin. Bitcoin Chart Structure - As can be seen from the above....
Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel SOL to its all-time high (ATH) and beyond. However, amidst the excitement, some experts urge caution, reminding investors that cryptocurrency seas can be treacherous. Related Reading: ADA Price Surge Could Push Ratio Of Holders In Loss Below 55% Solana Sets Sail For Higher Ground The past week has been a banner one for Solana. The price has....
Ethereum briefly crossed over the $2,000-level, a benchmark target for many bulls as they await a breakout price rally in the world's second-largest cryptocurrency market.