Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflat...
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose above $1,300. Bitcoin Following two consecutive days of declines, bitcoin (BTC) was back in the green on Wednesday ahead of the U.S. inflation report. The world’s largest cryptocurrency rose to a high of $19,241.96, less than 24 hours after hitting a bottom of $18,925.60. Today’s....
Related News
The price of Ethereum currently trades for $420. This price is $100 higher than the September lows and around 15% higher than the coin was trading last week. ETH is expected to push higher in the weeks ahead as it surmounts pivotal technical levels on a short-term basis. Analysts are eyeing a move to $500 as $420 holds as support. Ethereum Expected to Move Towards $500 as Key Levels Are Passed Ethereum has undergone a […]
Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following a floor of $37,585.62 during Tuesday’s session, BTC/USD rallied to an intraday peak of $39,095.11 earlier today. The move came as bitcoin used its recent support point of $37,500 as a springboard, and bounced towards its....
Ethereum Price Key Highlights. Ethereum price managed to move higher and it looks like it might continue to trade higher. There are many positive signs emerging on the hourly chart, as the price moved above the 100 hourly simple moving average. There was a bearish trend line break noted as well, which might encourage buyers moving ahead. Ethereum price moved higher and settled above the 100 MA, and looks set for more gains in the near term. 100 MA as support? The Ethereum price after trading as low as 0.00230BTC managed to gain bids and traded higher. The upside reaction was strong, which....
Ethereum price is back in action, as there was a nice upside move in ETH/USD. More gains are likely moving ahead as the resistance is now support. Key Highlights. ETH price surged higher versus the US Dollar and posted a solid move above the $12.00 handle. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken for an upside move. The ETH bulls managed to gain control, and took the price higher towards $12.75. Ethereum Price Bounce. Yesterday, I stated that the ETH buyers need an encouragement for an upside move. Ethereum price did move....
Ethereum price moved higher and broke the $5.20 resistance area. Looking ahead, if buyers remain active more gains are likely. Intraday Support Level can be $5.20. Intraday Resistance Level may be $5.60. Ethereum price corrected this past week, but found support near the $4.00-10 area where buyers successfully defended any further losses. There was a bearish trend line formed on the hourly chart of Ethereum price (data feed via Kraken), which we were waiting to be breached to enter a long trade. The price did move higher and cleared the trend line to ignite an upside move. Our initial....