Ethereum Price Drops Toward $2,000, Pressure Mounts on Key Support

Bitcoin’s price action as of late has been rather lackluster, with bulls struggling to hold it above $18,000 as selling pressure mounts Where the crypto trends in the mid-term should depend largely on the continued reaction to the support at $18,000 If the crypto is unable to hold above this level, it could bear witness to some intense selling pressure that sparks a move down towards $17,000 There is some support at roughly $17,600 that […]

Ethereum price is down over 5% and trading below $2,350l. ETH is signaling an increase in selling pressure and might drop to $2,120. Ethereum started another decline after it failed to clear $2,450. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,320 resistance to start a recovery wave in the near term. Ethereum Price Dips Again Ethereum price failed to clear the $2,450 resistance and started another decline....

Bitcoin and Ethereum are in the green on high timeframes. The first and second cryptocurrencies by market cap seemed to be recovering well, after months of sustained selling pressure. At the time of writing, BTC trades at $49,319 with a 1.4% profit in the daily chart. Earlier, Bitcoin was rejected as it made its way back north of $50,000. BTC’s price lost its first level of support at $49,800 and now sits at risk of returning to the mid-range of its current levels, around $46,000. This could be positive for Ethereum, as the second cryptocurrency by market cap keeps outperforming Bitcoin. A....

The Ethereum Foundation (EF) has entered what its new co-executive directors call “a moment of transition and opportunity,” unveiling a comprehensive management shake-up and refreshed strategic vision through three coordinated blog posts published on Monday, 28 April. Hsiao-Wei Wang and Tomasz K. Stańczak, who have jointly steered EF for “almost a month,” announced that the […]

Ethereum (ETH) is down 20% in the last week and triggering a negative sentiment in the market.         Ethereum stalls and fails to make a comeback in the last week         ETH flunks at reclaiming $2,000 level         Ethereum RSI indicates a bearish stance Additionally, Ethereum also didn’t make it to the $2,000 mark. The bears are trying to yank ETH price down and pin down the bulls. Only the daily chart, there is a formation of a rising wedge pattern indicating that a bearish movement could drag on. The bulls are looking to stave off a decline shooting below the $1,700-$1,800 levels.....