More than $80 billion have been injected in the cryptocurrency market over the past month. The substantial inflow of capital allowed most digital assets to recover the losses incurred during the Mar. 12 crash. However, a well-known technical index among institutional investors suggests that a retracement is underway.Bitcoin current chart thoughts. Have had a low…
Ethereum is still struggling to clear the main $200 resistance against the US Dollar. ETH could start a short term downside correction if it continues to struggle near $200.Ethereum is currently trading in a range below the $200 and $202 resistance levels.The price is showing a few bearish signs below the $200 pivot level.There is…
Ethereum is gaining bullish momentum above $190 area against the US Dollar, and turned green vs bitcoin. ETH price is currently consolidating gains, but it is likely to surge above $200.ETH price is trading nicely above the $188 and $185 support levels against the US Dollar.A new monthly high is formed near $198 and the…
Ethereum has been able to climb all the back up to its local highs of $190 as its upwards momentum continues to build. This movement has come about after Bitcoin was able to gain a solid foothold above $7,500.Today’s upswing has marked an extension of the rally that Ethereum has been caught within in the…
Ethereum is back in the spotlight after surging as high as $195 in the last 24 hours. The bullish impulse saw more than 220,000 addresses that had a balance in Ether go to zero, based on IntoTheBlock’s “Daily Active Addresses” model.The selling pressure has been so significant that the drop in addresses nearly outpaced the…
Like the rest of the crypto market, Ethereum, too, has performed extremely well over the past hour. The second-largest cryptocurrency, which traded around $183 for most of Wednesday, surged as high as $195 just minutes ago on the back of a short squeeze in the Bitcoin derivatives market, which pushed the asset up nearly 10%…
Ethereum is up close to 8% and it surged above the $180 resistance against the US Dollar. ETH is likely to accelerate higher towards the $195 and $200 levels in the near term.Ethereum is back in a positive zone above the $175 and $180 levels.The bulls are now in control and they are likely aiming…
After a short bout of bearishness that led Ethereum to retrace nearly all of the gains that were incurred as the result of its recent rally, the cryptocurrency has now been able to post a notable technical breakout.This breakout appears to be catalyzing significant momentum for the cryptocurrency and has even allowed it to lead…
Ethereum is down more than 10% from the $190 swing high against the US Dollar. ETH price is currently consolidating above $165 and facing key hurdles near the 100 hourly SMA.Ethereum declined sharply below the $175 support and tested the $165 zone.The price is currently consolidating losses and it might correct towards $175.There is a…
Ethereum is down around 7% and it broke the $175 support area against the US Dollar. ETH price could correct further, but there are many key supports, starting with $165 and $160.Ethereum is currently correcting lower from the $185 swing high.The price traded below the key $175 support to start a short term downside correction.There…