Ethereum Bulls Eye New Records Despite Market Volatility — What’s Driving Sen...
Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels, its growing institutional demand and dominance in DeFi and staking, many believe the foundation for a new all-time high is already in place. What Could Derail Ethereum’s Path To A New ATH? In an X post, crypto investor CryptoELITES pointed out that Ethereum is still on track for a new all-time high. The ETH chart is exhibiting a similar pattern to previous cycles, bouncing off a bottom trendline. Related Reading: Ethereum’s Pullback Complete? ETH....
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Bitcoin and the crypto market have seen downside price action on shorter timeframes. The first crypto by market cap has been trading in a tight range this week with sudden spikes in volatility impacting smaller cryptocurrencies. Related Reading | Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? Momentum seems to be favoring the bulls as Ethereum (ETH), Solana (SOL), Terra (LUNA), keep their gains as Bitcoin hints at further lows. SOL’s price records a 22% profit which makes it the best performing asset in the crypto top 10. At the time of writing, the crypto total....
The Bitcoin, Ethereum, and XRP prices are showing signs of recovery as traders across regions take sharply different approaches to the latest price swings. Fresh market data reveals that buying and selling pressure is no longer evenly distributed throughout the day, with the United States emerging as the key source of support. At the same […]
Here's a look at what we are focusing on in the bitcoin price this morning. Okay then. The middle of the week is here, and it’s time to take stock of what’s happened so far, and what is likely to roll out across the next couple of days. Things have been pretty up and down so far. We started out the week with some relatively flat action, but this matured into some volatility pretty quickly. The volatility, we were able to take advantage of, and we have managed to get in and out of the markets according to the rules of our strategy (primarily breakout) on a number of occasions so far. With....
Ethereum is once again in the spotlight as it battles volatility after breaking multi-year highs and testing heavy resistance just below $4,800. The rally has brought ETH within striking distance of new records, but the retrace shows that sellers are not giving up easily at these critical levels. Despite the pullback, institutional demand continues to surge at an unprecedented pace, providing strong support for the asset’s long-term outlook. Related Reading: Ethereum On-Chain Volume Soars To $13 Billion, Approaching Historic Records In recent weeks, Ethereum ETFs have reported massive....
A recent technical breakdown shared by crypto analyst Trader Tardigrade added a notable outlook to the discussion of how fast Ethereum can enter into a bull run or if there’s more consolidation ahead. In his post on X, he compared Ethereum against the US Dollar Index and then consulted Perplexity AI for a data-backed explanation of the relationship. The result was a match of DXY peaks and Ethereum bottoms, pointing to a recurring inverse pattern that may now be coming back into play. Ethereum’s Volatility Tied To The Dollar Index The technical analysis from Trader Tardigrade focuses on the....