Don't expect another 2017-style altseason as Ethereum continues slump vs. Bit...
The price of Ethereum's Ether is continuing to show weakness against Bitcoin despite its latest rally above $400. While Bitcoin (BTC) is showing strength through new higher highs and making a new yearly high, Ethereum's Ether (ETH) shows weakness, particularly the ETH/BTC pair.ETH weakness is also a clear indication that most altcoins are not showing strength either since they tend to reflect Ether's performance. The 0.03 sats level is a crucial barrier to hold ETH/BTC 1-day chart. Source: TradingViewThe daily chart of ETH/BTC shows a clear rejection at the 0.0325 sats level, through which....
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CEO and Co-founder of crypto education media firm Coinbureau, Nic Puckrin has shared a “realistic” take on the altseason. The former TradFi entrepreneur and prominent digital asset advocate has highlighted three necessary conditions to usher in an altseason. Related Reading: Bitcoin Escapes Tight Range After Week Of Compression – Next Stop $100K? Altseason Still On […]
The price of Ethereum (ETH) continued to impress over the past week, briefly touching the $2,700 level (for the first time in nearly three months) on Tuesday, May 13. While the altcoin has somewhat slowed down at the start of this weekend, the market confidence continues to tilt toward the continued recovery of the ETH […]
Clever traders frequently use these three indicators to pinpoint when an altcoin season could begin. It's widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins. When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin's consolidation phases and this typically leads to a call for an altcoin season. While Bitcoin's current dip below $30,000 shows that it's a bit premature to call for an....
Bitcoin is still the main focus of most investors but Layer 2 solutions, governance, and DeFi are shaping up to be the driving forces of the next altseason. A recent report from CoinMetrics suggests that when a new altseason starts it will play out in a way that is vastly different from the market of 2017-2018. According to the authors of the report, the arrival of institutional investors and their interest in Bitcoin (BTC) and Ether (ETH) has fundamentally shifted the cryptocurrency market landscape. Tokens with real world utility, Layer 2 technology or attractive staking ecosystems will....
Numerous on-chain indicators suggest Ethereum price is on the verge of another 2017-style bull run. Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400. Fast forward to 2020, and some investors believe a similar outcome may occur as a few key on-chain and technical indicators are mirroring the levels seen in the previous bull run.On Dec. 10 Ether price was $450, and it took only 34 days for Ether to reach its....