Ethereum’s Macro Outlook Shapes Up as Technical Strength Grows
Ethereum has been closely tracking Bitcoin as of late, which has caused it to see some consolidation Where the crypto trends in the mid-term should depend largely on ETH’s continued reaction to the $600 region Just as $19,000 is a key level for Bitcoin at the present moment, $600 is a crucial level for ETH, as breaks above this level often lead to inflows of buying pressure Where the cryptocurrency trends in the days and […]
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Ethereum has been closely tracking Bitcoin’s price action throughout the past couple of days This has caused it to see a notable selloff, with bulls and bears now reaching an impasse as it trades just above its crucial $380 support level A continued defense of this level is key if bulls want to fuel a move higher in the near-term One analyst is now noting that the cryptocurrency’s macro outlook is ultra-bullish despite the recent […]
Dogecoin has yet to reclaim the $0.3 price level due to bearish price action in the past few weeks, but technical analysis shows that it is destined for a run above double digits. Particularly, a technical outlook shared on the TradingView platform indicates that the Dogecoin price chart is currently playing out a macro breakout […]
Bitcoin faced some intense selling pressure yesterday evening after news broke regarding the founder of OKEx being arrested by the Chinese authorities This is simply another set of news that has rocked the crypto market, but its impacts on Bitcoin’s price action has been surprisingly muted It does not appear that investors aren’t too concerned that the prospect of OKEx users losing their BTC will strike a blow to the crypto’s technical outlook Some analysts […]
Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE?....
Ethereum’s price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom. Notably, an interesting signal of a probable outcome has been revealed through the Ethereum CME Futures chart, where the monthly Relative Strength Index (RSI) just reached its lowest level on....