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....
Related News
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....
Crypto analyst Crypflow has explained what the Bitcoin relief rally above $71,000 means for the leading crypto and hinted that BTC could still drop lower. This came as the analyst alluded to the previous bear markets and how recent rallies are mirroring price action in past cycles. Analyst Warns Relief Rallies Are Getting Weaker Amid Bitcoin’s Rally Above $71,000 In an X post, Crypflow stated that Bitcoin relief rallies are weakening and that every bear market has them. He noted that during the 2014 bear market, BTC saw relief rallies of up to 100% while in 2018, it saw rallies of between....
In the last bull run, when the Bitcoin price surged and crossed $100,000, the Ethereum price was expected to follow the same trajectory as it had in the past. But that was not the case, and the second-largest cryptocurrency by market cap was barely able to cross its previous all-time high price, but by only around $100. This meant that the Ethereum price remained below $5,000, disappointing investors. Given its poor performance so far, is it still possible that the Ethereum price will eventually cross $5,000? It Could Take Years For The Ethereum Price To Hit $5,000 The prediction algorithm....
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 […]