Ethereum Price Rallies as Bitcoin Takes a Breather — Is ETH Leading the Charge?
Ethereum price found support at $2,460 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,720 resistance. Ethereum started a decent increase above the $2,550 and $2,620 levels. The price is trading near $2,580 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,720 resistance zone in the near term. Ethereum Price Rallies Over 5% Ethereum price started a fresh increase from the $2,460....
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Ethereum Price Key Highlights. Ethereum price completed the head and shoulders formation on its 1-hour time frame and successfully broke below the neckline, indicating that bears are in play. A small pullback to the broken neckline and trend line support occurred yesterday, before ethereum price regained downside momentum and went on to break below the previous day lows. Ethereum price might have its sights set on the yearly lows around 0.00150BTC if the bearish momentum keeps up. Bitcoin Leading the Charge. The consecutive rallies in bitcoin price have been mostly responsible for the....
The Bitcoin price up to 2013/12/14, with Fib levels and 7 / 30 DMAs. OK, so last week our likely case was for sideways chop while the Bitcoin price takes a well-deserved breather. I'm either lucky or good (probably the former) as this is pretty much what happened. Bitcoin price bounced from the ~$700 / 50% retracement level and is currently balanced between the ~$900 / 23.6% and ~$820 / 38.2% retracement levels. As of the time of writing (Saturday the 14th), we've had 3 days of light trading and low volatility, as signified by the short price candles and volume bars. After the tremendous....
Lower-than-expected inflation data and a dominant Bitcoin have sparked a cautious return to crypto investment, with the US leading the charge. However, whispers of regulatory scrutiny cast a shadow over Ethereum, leading to outflows for the world’s second-largest cryptocurrency. Related Reading: Pump Fun Implodes: Ex-Employee Turned Hacker Exposes Alleged Shady Practices CoinShares, a leading digital […]
Filecoin (FIL) started a strong rally above the $60.00 and $65.00 resistance levels. The price is currently correcting lower, but there is a strong support near the $60.00 level. Filecoin price climbed sharply from the $52.00 support and surged over 50% against the US dollar. The price tested the $75.00 resistance and recently started a […]
Bitcoin price has held above yesterday’s corrective low. Little upside progress shows the market is now taking a break and perhaps reconsidering the trend. The bitcoin price daily charts show an advance that struck out in a straight line from a weak base. Bitcoin price has lost the steady momentum of the past two weeks. It may return after the market takes a breather. We wait for price to either resume advance, or for a sideways correction to play out. A protracted sideways consolidation could end in a reversion to support at $400.