It’s “Hard to be Bearish” on Ethereum as Key Supports Hold: Analyst
Ethereum has dropped lower over the past 24 hours after peaking just shy of $400. The cryptocurrency currently trades at $382 and is down a mere 0.5% in the past 24 hours. Despite the drop from the local highs, analysts remain bullish on the asset. One analyst says that he finds it hard “not to be bullish” as $360-370 holds. $360-370 has acted as an important horizontal level for the coin over recent weeks. Namely, […]
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Ethereum and the aggregated crypto market have been caught in the throes of a strong downtrend throughout the past 24-hours This has come about due to multiple macro developments, including news about President Trump’s health as well as the government’s decision to chart the BitMEX owners Despite the overt bearishness of these sellable news events, both Ethereum and Bitcoin are still sitting above their multi-week lows That being said, one analyst is expecting Ethereum to […]
Analysts think that Ethereum is primed to press higher despite last night’s $40 drop. One analyst noted that Ethereum remains in an extremely advantageous position on a macro time frame. He shared a chart showing that ETH is currently sitting above macro supports, meaning it has room to stretch toward $800 and beyond as it continues to hold those technical levels. Ethereum Could Move Toward $500 Analysts think that Ethereum is primed to press higher […]
Bitcoin-only director Richard James’ documentary on the recent history of inflation, “Hard Money,” uses stock images and anonymous narrators to weave the film. One of them qualifies the tweaking of the money supply as “the greatest con in human history.” Another one compares the Fed to the Wizard of Oz. The voices are familiar. You […]
Crypto analyst Linda has made a bullish case for Ethereum (ETH), predicting that the second-largest crypto token by market cap could rise to $4,000. The analyst also explained what could lead to such a price surge. Why Ethereum Could Reach $4,000 In a post shared on TradingView, Linda highlighted the potential approval of the Spot Ethereum ETFs as one factor that could trigger a move to $4,000 for Ethereum. She noted that the sentiment around these funds is positive, with traders waiting for news from the US Securities and Exchange Commission (SEC). Related Reading: Bitcoin Accumulation:....
Ethereum has undergone a strong drop since peaking at $400 this past weekend. The leading cryptocurrency currently trades for $380, down after Bitcoin dropped from its daily highs. Analysts still think that ETH will move higher, though, citing technical trends. Ethereum Could Explode Past $400, Analysts Say Analysts remain confident about Ethereum despite recent uncertainty in the price of Bitcoin. One trader said, referencing how ETH is still holding above range supports: “I don’t short […]