Bitcoin, Ethereum Technical Analysis: ETH Drops to 5-Day Low, as Fed Likely t...
Ethereum dropped to its lowest level since last Friday during today’s session, as consolidation in crypto markets continued on Wednesday. This comes ahead of this afternoon’s U.S. Federal Reserve interest rate decision. Bitcoin was also in the red, and remains below $20,800. Bitcoin Bitcoin (BTC) continued to trade below $20,800 on Wednesday, as market uncertainty remains high ahead of this afternoon’s Fed meeting. Although markets have somewhat priced in a 75 basis point hike, some are also looking for forward guidance from the bank, which includes a timeline for....
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Bitcoin fell below $24,000 in today’s session, as prices collided with a key resistance level. Following a strong start to the week, crypto markets were mostly in the red, with the global market cap down 2.98% as of writing. Ethereum was also trading lower, moving close to a breakout below $1,700. Bitcoin Following a strong start to the week, bitcoin (BTC) was trading in the red on Tuesday, as crypto markets were overcome with bearish sentiment. BTC/USD rallied to an intraday peak of $24,203.69 on Monday, however it dropped to a bottom of $23,372.91 earlier today. Today’s....
Ethereum fell below its recent floor of $1,500 earlier in today’s session, as bearish pressure intensified in crypto markets. Uncertainty in the market has heightened today, as traders prepare for yet another rate hike from the Fed. Bitcoin was also lower for a second consecutive day, as prices were on the cusp of falling under the $21,000 level. Bitcoin Bitcoin (BTC) extended its stint in the red during today’s session, as the token was on the cusp of falling below $21,000. Following a high of $22,213.48 to start the week, BTC/USD slipped to an intraday low of $21,012.48 in....
Cryptocurrency prices plunged in today’s session, as markets reacted to the latest U.S. inflation report. Bitcoin fell by over $2,000 in the last 24 hours, as consumer prices fell by less than expected in the United States. Ethereum was also in the red, as the token dropped below $1,600. Bitcoin Bitcoin (BTC) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report. Following a peak of $22,673.82 on Tuesday, BTC/USD dropped to an intraday low of $20,062.67 earlier today. Markets had expected August’s consumer price index....
Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern. It is still in a decent spot on a weekly time frame though may face an intra-day pullback, the chart suggests. “$ETH $ETHUSD #Ethereum – […]
Losses in cryptocurrency markets extended on Friday, with bitcoin falling to multi-week lows in the process. Ethereum was also lower during the session, whilst the global crypto market cap was down 3.70% as of writing. Bitcoin Bitcoin was down for a third consecutive session, as recent bearish pressure continued to intensify on the world’s largest cryptocurrency. Following a high of $43,327.99 on Thursday, BTC/USD fell below $40,000 during today’s session, and is down nearly 7% as of writing. The move saw BTC hit an intraday low of $39,633 (as of writing), sending prices....