Tag Archives: ETH Analysis

Altcoins continue to outperform bitcoin’s price and this week was no exception. One of the biggest winners over the past seven days was Litecoin, up more than 40%. Here’s how some other top coins performed and what to look forward to. Bitcoin Bitcoin is up by a total of 5.5% this week as it battles with $56,500 in an attempt to climb over the 50-days MA. It has struggled to surge above $58,000 so far in May as it fails to break above a short-term descending trend line. On...

ETH/USD – Bulls Explode Past $3000 To Set New ATHs At $3200 Key Support Levels: $3075, $3000, $2825.Key Resistance Levels: $3225, $3325, $3400. Ethereum saw an impressive 7.5% price hike today, breaking past $3000 and reaching as high as $3200. The coin is now up by a total of 36% over the week after surging above a symmetrical triangle pattern last week. From the breakout, ether continued to set new ATH prices each day until hitting resistance at $2800 last Thursday. This...

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

ETH/USD – Bulls Set New ATHs Again On The Road To $3000 Key Support Levels: $2600, $2520, $2440.Key Resistance Levels: $2830, $2930, $3000. Ethereum is up by an impressive 16% this week as the cryptocurrency set a new ATH today at $2732. The coin found support around $2200 on Sunday as it rebounded from the lower boundary of a symmetrical triangle pattern. This consolidation pattern was broken on Monday as ethereum pushed above $2520. The bullish pressure continued yesterday...

ETH/USD – Market Trades Inside Symmetrical Triangle Pattern Key Support Levels: $2400, $2280, $2162.Key Resistance Levels: $2517, $2642, $2680. Etheruem saw a strong 10% price hike today as the cryptocurrency pushed higher from $2300 to reach the current level. With today’s movement, ETH managed to break the resistance at $2402.50 (1.414 Fib Extension) that it failed to close a daily candle above last week. If today’s daily candle can close above here, it will be a solid...

It was a red week all over the cryptocurrency market. Almost everything, with a few exceptions, declined substantially as the total market cap slipped below $2 trillion. Bitcoin Bitcoin saw a turbulent week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. The cryptocurrency fell beneath $60,000 at the start of the week as it saw a large spike lower in which it dropped to the $51,440 support (.618 Fib). It managed to...

ETH/USD – Bulls Battle To Remain Above .382 Fib & 20-days MA Support Key Support Levels: $2162, $2100, $2000.Key Resistance Levels: $2300, $2400, $2517. Etheruem is currently down 14.5% from the highs at $2517 set last week. The cryptocurrency had met resistance at a 1.618 Fib Extension level as it started to drop. The crash seen on Sunday caused ETH to dip as low as $1925, where it found support at a .618 Fib Retracement level. It recovered quickly from there to close...

Bitcoin (BTC) Price Analysis Bitcoin collapsed by almost 15% from today’s $60,000 opening price, reaching as low as $51,540 (as of now). The cryptocurrency had set a new all-time high price earlier in the week at $64,895 but failed to produce a daily closing candle above significant resistance at $63,760. Together with the bearish divergence that spotted on the 4-hour timeframe, and fundamental rumors and FUD, this resulted in one of the ugliest drops ever. In a matter of...

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766...

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...