Ethereum (ETH) and the aggregated crypto markets have lost the upwards momentum that they incurred yesterday as Bitcoin failed to move past its near-term resistance level that exists around $8,400. Despite today’s slowdown in the aggregated markets, analysts are now noting that Ethereum may be forming a bullish bottom formation that could give it significantly…
In a rare scene today all of the altcoins are in the green and many are outperforming Bitcoin as dominance drops lower. The market share chart for the king of crypto has been showing signs of a pullback which of course is good news for the altcoins. Bitcoin Reclaims $8k But Dominance Below 69% Following…
ETH price is climbing higher and it recently broke the $175 and $180 resistances against the US Dollar. The price is currently trading near a crucial resistance area at $185 and $186. There was a break above a key bearish trend line with resistance near $175 on the hourly chart of ETH/USD (data feed via…
Altcoins like Ethereum, Litecoin, and XRP have struggled to recapture lost market share from Bitcoin in 2019. This has been reflected by a sharp increase in Bitcoin dominance – a metric that has increased steadily throughout the year. But as Bitcoin dominance begins to break down from recent highs, altcoins have begun to show signs…
Ethereum’s price action has been closely tracking that of Bitcoin and the aggregated crypto markets, but its recent downtrend may not have been simply the result of weak price action, as data suggests that ICOs have been selling a significant amount of their ETH in recent times. The treasury sale of ETH from ICOs could…
ETH price started trading in a range after it failed to surpass the $185 resistance against the US Dollar. The price is currently trading below the key $180 and $185 resistance levels. There is a key contracting triangle forming with resistance near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…
Ethereum (ETH) has been closely tracking the price action of Bitcoin and most other major altcoins over the past several days, but it appears that it is beginning to establish its own momentum as it climbs towards $180. It is important to note that analysts are warning investors to not get too excited about this…
After attempting to move higher yesterday, Ethereum (ETH) has once again faced an influx of selling pressure that has thwarted the potential rally that some analysts and investors were previously eying as a strong possibility. Analysts are now noting that Ethereum may face further selling pressure in the near-term, but they are also noting that…
ETH price is currently under pressure and is trading below the $175 level against the US Dollar. The price is trading above the $170 support area, but it is struggling to climb higher. There is a major contracting triangle forming with support near $170 on the hourly chart of ETH/USD (data feed via Kraken). A…
ETH price is showing positive signs above the $172 and $170 support levels against the US Dollar. The price is currently trading near $180 and it might soon retest the $185 resistance area. Yesterday’s highlighted key bullish trend line is active with support near $172 on the hourly chart of ETH/USD (data feed via Kraken).…