Ethereum Analyst Sees Record High This Week as Price Climbs 60%
Ethereum also drew its bullish cues also from the anticipation of higher demand as its active supply runs dry.
Ethereum’s native token ETH fell by more than 20 percent from its session high of $1,350 on profit-taking sentiment. While technical indicators point to further correction lower, one analyst believes the second-largest cryptocurrency could hit its record high levels in the sessions ahead. The pseudonymous entity rested his bullish setup on one condition: that the […]
The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours. The last time BTC was this high in value was during the first week of January when bitcoin touched a high of $42k that week. Crypto Prices Begin to Rise, Bitcoin Crosses the Psychological $40k Threshold Bitcoin (BTC) is up 6% today and hovering over the $40k price handle during Saturday morning’s trading sessions. For the last seven days, BTC has gained 17.6%, but during the last month, BTC is only up 2.3% today. Three month....
First spotted by Jacob Canfield, an independent market analyst, the fractal highlights Bitcoin's tendency to fall towards its 21-week exponential moving average or yearly support after reaching its all-time high.
The buying support for ETH/USD near its record high appears to be weaker than Bitcoin’s. The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805.But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is "narrower" than Bitcoin.Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future, if the market turns around.USD cost of Ethereum held since November 2020. Source: Chainalysis,....
A recent meltdown in the Bitcoin price from its record high near $42,000 has done little to shake its bullish bias, at least according to a Bloomberg analyst.