Here’s what traders expect now that Ethereum price is over $3,000
ETH traders hint that the bull market could be back after Ethereum price hit $3,000 for the first time in 79 days. This week Ethereum's London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100.Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH) did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in and pushed its price back above $2,800, its highest level since June 7. This bullish momentum extended further after Bitcoin price surged above....
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As the Bitcoin and Ethereum prices hav barreled toward a new all-time high, short-term traders have been suffering the brunt of the liquidations. In the last day alone, over $330 million was liquidated from the crypto market and the majority of this has been from short traders who expect prices to fall once again. Over 78,000 Traders Liquidated For $330 Million Coinglass data shows that the last 24 hours have been brutal for crypto traders. In this short time, more than 78,000 crypto traders have seen their positions liquidated, leading to hundreds of millions of dollars in losses. Related....
With the completion of the Ethereum Merge, founder Vitalik Buterin has turned his attention to other things that could help improve the network. Ethereum Layer 2 protocols had been big business back in the bull market of 2021, and even now, they continue to gather support from network users who continue to use these roll-ups. […]
A few Bitcoin traders expect now expect a deeper correction but data suggests that a relief rally toward $18,000 should not be ruled out. The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.There are three main reasons why traders expect a deeper drop to occur in the near future, namely, historical cycles, the Fibonacci Sequence, and the record-high open interest of the futures market. BTC/USDT 4-hour chart (Binance). Source:....
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 […]
A crypto expert has shared her macro prediction for Ethereum (ETH), warning of an imminent price crash that could see the second-largest cryptocurrency plummet to as low as $800, or even $400 per coin. While this would represent a massive bearish move given ETH’s current price, the analyst argues that such a decline is important for a market reset, where prices rediscover real demand and sustainable support. Analyst Says Ethereum Crash Is Critical For A Market Reset Rafaela Rigo, a crypto market analyst, has presented a compelling Ethereum price analysis on X that has caught the attention....