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TA: Ethereum Recovers $3K, Technicals Suggest More Upsides
Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance. Ethereum remained well supported near the $2,900 support zone. The price is now trading above $2,920 and the 100 hourly simple moving average. There is a key bullish trend line…
TA: Ethereum Stops Working above $3K, Can Bulls Make it?
Ethereum attempted a steady increase above $3,000 against the US Dollar. ETH price failed near $3,050 and started a downside correction. Ethereum started a downside correction after it failed to clear $3,050. The price is now trading above $2,900 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance…
Why Ethereum Is Exceeding Bitcoin Again
Ethereum has been popular for its performance over the course of its lifetime. But even more impressive has been the way that the cryptocurrency has been performing against top rival Bitcoin. The latter which is the pioneer cryptocurrency has itself given investors massive returns. So the fact that Ethereum has outperformed it at every turn…
Bitcoin Breaks Past The $40,000 Barrier Once Again– Can It Sustain The Momentum?
Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021. Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty. Since January 5, the price of BTC has fluctuated…
Ethereum Sees Greatest Exchange Withdrawals This Year– A Bump In ETH Rate In The Offing?
Over 180,000 Ethereum (ETH) tokens have been pulled out from centralized exchanges in the last 24 hours, as traders seek to preserve their cryptocurrency in expectation of bullish price action. According to a March 18 tweet from crypto market analysis site IntoTheBlock, more than $500 million worth of Ethereum was withdrawn on March 16 across a number…
Ethereum Staking Line Nears All-Time High Ahead Of Mainnet Merge
Ethereum is well on its way to the Merge as more milestones are met. The move to proof of stake will no doubt be a game-changer for the blockchain. So As the day for the merge draws closer, users of the network have been upping their activity in recent times. One of the places where…
TA: Ethereum Combines Near $2,800, Why ETH Might Rally Again
Ethereum rallied above $2,750 against the US Dollar. ETH price is now consolidating near $2,800 and might rise further above $2,850. Ethereum started a fresh increase above the $2,750 resistance level. The price is now trading above $2,750 and the 100 hourly simple moving average. There is a major bullish trend line forming with support…
TA: Ethereum Reaches $2,800, Why Dips Might Be Appealing
Ethereum rallied above $2,700 against the US Dollar. ETH price is now consolidating near $2,800 and might start a short-term downside correction. Ethereum started a fresh increase above the $2,700 resistance level. The price is now trading above $2,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with…
TA: Ethereum Back to Fresh Start, Why ETH Might Rise Again
Ethereum rallied above $2,650 against the US Dollar. ETH price failed to settle above $2,700, trimmed gains, and now consolidating near $2,620. Ethereum started a fresh increase above $2,600, but it faced sellers above $2,700. The price is now trading above $2,600 and the 100 hourly simple moving average. There was a break above a…
Will Ethereum Succumb To Bears?
In 2022, ethereum has been in a bearish trend. It has dropped 40% year to date, far more than the average cryptocurrency. ETH has a long history of being one of the best-performing cryptocurrencies. Since its introduction in 2016, it has largely outperformed Bitcoin, resulting in a narrowing of the market capitalization gap between the…