Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from Coinglass.Ether/USD 12-hour price at Kraken. Source: TradingViewThe worsening market conditions were also reflected in digital asset investment products. According to the latest edition of CoinShare's weekly Digital....
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Ethereum is struggling to recover above the $345 and $350 resistance levels against the US Dollar. ETH price is likely to continue lower below $330 unless it recovers above $355. Ethereum corrected a few points higher, but it failed to climb above the $350 level. The price is declining below $345 and it is well […]
Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards the $1,500 support zone. Ethereum started a downside correction after it settled below the $1,700 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There was a break below a declining channel with support near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the $1,550 support or even $1,500. Ethereum Price Extends Decline Ethereum failed to stay above the $1,700 level and....
Bitcoin price quietly turned lower after failing to take advantage of a weak spot through resistance this weekend. At the time of writing price is declining from the recent high under a multiple timeframe sell signal. Bitcoin price formed a lower high overnight. The inability of the market to commit to action at the critical juncture may see the opportunity pass and result in price returning to decline. Yesterday’s analysis described two important trendlines (grey and blue) that are currently intersecting above price in the Bitstamp chart. It was proposed that if price can break above this....
Ethereum price started a major decline from the $3,500 resistance zone. ETH is down over 8% and might continue to decline toward the $3,120 support. Ethereum is gaining bearish pace from the $3,500 resistance zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down toward the $3,120 support zone. Ethereum Price Dives Below $3,350 Ethereum price failed to start a fresh increase above the $3,500 resistance....
Ethereum classic price faced a lot of offers recently, and the daily chart of ETC/BTC suggests more declines in the near term. Key Highlights. Ethereum classic price remained in the bearish zone against the Bitcoin, and may continue to trade lower. When we look at the daily chart of ETC/BTC (data feed via Simplefx), there is a monster bearish trend line acting as a resistance. The pair is currently trading near the recent low of 0.00150BTC, and may break it for more losses. Ethereum Classic Price Resistance. Ethereum Classic price saw a lot many bad weeks recently, as it declined....