On Tuesday morning, Bitcoin once again dropped under $10,000 and Ethereum pushed lower. After a poor open in legacy markets, including gold, the leading cryptocurrencies were brought lower. Top decentralized finance (DeFi) coins based on Ethereum, though, have embarked on a healthy recovery. This comes after a brutal drawdown of 30-50% for most prominent altcoins,…
Ethereum just collapsed a full 37% over the last week, following a new 2020 high and a record over 300% rally from Black Thursday lows. But despite how sharp and violent the selloff has been, its possible that the price action is a bullish retest that after confirmation leads to more new highs ahead. According…
Ethereum is recovering higher and trading above the $335 resistance against the US Dollar. ETH price is likely to accelerate higher if it clears the $360 level and the 100 hourly SMA. Ethereum is slowly recovering above the $335 and $340 resistance levels. The price is still facing a major resistance near $360 and the…
As small traders sold off their Ethereum positions, the large ones preferred to buy them for cheap. At least that is what the latest Santiment charts showed. The trading sentiment tool found that the number of wallets holding between 1,000 and 10,000 surged, while Ethereum prices were going down. Santiment data shows the number of "whales"…
Ethereum found support near $310 and started an upside correction against the US Dollar. ETH price recovered 8%, but it is facing many hurdles near $360 and $370. Ethereum is up over 8% and it broke the $335 and $340 resistance levels. The price is still well below the $370 resistance and the 100 hourly…
Ethereum has faced a strong correction over the past few days that easily overshadows Bitcoin’s move. From the local highs near $490 to the local lows, the cryptocurrency fell by over 35%, shocking most investors as they were bullish just days before. ETH has already bounced since falling as low as $315, undergoing a rapid…
Ethereum is down over $150 from the $490 swing high against the US Dollar. ETH price could continue to move down if it breaks the key $300 support zone. ETH price is back in a bearish zone below the $400 and $350 support levels against the US Dollar. It traded to a new multi-week low…
Ethereum has been one of the worst-performing major altcoins throughout the past few days, with the cryptocurrency plunging from weekly highs of $490 to lows of $330 that were set earlier today. The cryptocurrency now appears to be at risk of seeing even further downside, as it lost the support it was attempting to establish…
Ethereum has already seen a somewhat strong recovery from the local lows. After plunging as low as $315 on Saturday morning, the leading cryptocurrency has undergone a bounce of 8%, reaching $340 as of this article’s writing. ETH is primed to move even higher, though, according to a recent analysis by a cryptocurrency trader. The…
Ethereum could bounce towards $500 after dropping from its $480 highs. The leading cryptocurrency now trades for $380, having been pressured lower by Bitcoin dropping, which itself was catalyzed by weakness in legacy markets. Related Reading: These 3 Trends Suggest BTC Is Poised to Bounce After $1,000 Drop Ethereum Could Soon Jump to $500 One trader…