Today has been a bloodbath for Ethereum (ETH) and the aggregated cryptocurrency market, with Bitcoin’s overnight drop below $7,700 catalyzing a massive selloff that has led virtually all digital assets to plummet 20% or more.Ethereum is now nearing a critical support level that bulls must defend if they want to guard against further losses, as…
Ethereum is showing a lot of bearish signs below $200 against the US Dollar. ETH price is likely to extend losses below $185 and $180 in the near term.Ethereum is struggling to recover above the $195 and $200 resistance levels against the US Dollar.The price is likely to dive further below the $180 support level…
The emerging asset class of cryptocurrency is new, unproven, not yet widely adopted, or even understood. It’s led to much confusion for investors especially when it comes to regulation and tax preparation.However, a new cryptocurrency-focused bull currently in front of Congress will “fundamentally restructure the way the United States treats cryptocurrency,” by grouping assets into…
Ethereum is currently consolidating losses above the $190 zone against the US Dollar. ETH price is facing many hurdles on the upside such as $208, $212, and the 100 hourly SMA.Ethereum is not showing any major bullish signs above the $200 level against the US Dollar.The price is likely to struggle near the key $208…
Ethereum is extended its decline below the $200 support area against the US Dollar. ETH price traded as low as $188 and it is currently correcting higher towards $205 and $208.Ethereum is currently recovering losses from the $188 monthly low against the US Dollar.The price is likely to face a lot of hurdles on the…
Sorry bulls, but it might just be game over for Ethereum. The cryptocurrency’s intense uptrend seen in early-February has now been fully erased by the selloff seen over the past couple of days, which has shifted its market structure to be highly bearish.This has led one top analyst to note that Ethereum has just dipped…
Ethereum failed to continue higher above the $252 resistance and declined against the US Dollar, similar to bitcoin. However, ETH price is now trading near a key uptrend support.ETH price is down 5% and it is now trading below the $235 level against the US Dollar.The price struggled to gain strength above $250 and declined…
Although Bitcoin has continued its extended period of rangebound trading, it is important to note that Ethereum (ETH) has been able to see further upwards momentum today, with the cryptocurrency rallying past key resistance as its market structure shapes up to be highly bullish.Analysts are now noting that the cryptocurrency may have established a mid-term…
Despite Bitcoin closing 2019 up 90%, Ethereum didn’t fare all too well. The second-largest cryptocurrency actually registered a negative performance last year, crushed under the pressure of continued ICO selling and at-times questionable fundamentals.Analysts, however, have rapidly changed their outlook on ETH in the early stages of 2020, citing a confluence of positive technical factors…
Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.While the majority seem to have been caught off…