Analysts Fear Ethereum Has Topped After $470 Resistance Is Tapped Twice
Ethereum has actually seen quite a tepid bout of price action despite Bitcoin pressing to new year-to-date highs. While the coin is up 1.3% in the past day, it is still a handful of percent below local highs. Analysts are fearful that Ethereum could face a stronger pullback in the days ahead as it fails to pass key resistances. One trader suggested that the coin could drop to $380-390 as it failed to pass the […]
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Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]
Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as […]
Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside technical analysts. Grayscale Investments recently revealed that it has accumulated 2% of […]
After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means “extreme fear,” and 61 days or two months later, the CFGI rating now shows a score of 33 or “fear.”
CFGI Ranking Score Shows Crypto Winter Continues to Keep Investor Sentiment in the ‘Fear’ Zone
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A key ETH price indicator suggests the altcoin’s downtrend could extend to $400, but analysts are unsure whether the upcoming Ethereum Merge will be a bullish or bearish event. There’s no rest for the weary during a bear market, and the Crypto Fear and Greed index shows that investor sentiment has been stuck in a state of "extreme fear" for a record 70 consecutive days.As the market looks for a catalyst to reverse the trend, there is little on the horizon besides the Ethereum (ETH) Merge that seems capable of sparking a rally. If that is indeed the case, the market could continue to trend....