Tag Archives: ETHBTC

The cryptocurrency market recently experienced a sudden surge in different assets, including Ethereum, which saw a significant spike. However, as the price approaches a significant resistance level, there is a possibility of it being rejected. By Shayan Upon analyzing the daily chart, it is evident that Ethereum experienced an extended consolidation phase near the $1.6K support level. Eventually, with increased buying interest, the price surged towards the 100 and 200-day...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Since June, Ethereum has formed a large ascending triangle. However, yesterday, the price fell under this formation and closed the week with a 2% loss. This puts ETH in a difficult position as it signals this correction may just be starting. There is good support at $1,440 and ETH may test this level before any sustained recover can be had. So far, the price action remains...

After facing rejection for several weeks and experiencing a series of bearish developments, the price of Ethereum reached a critical point near a pivotal support area. This includes the 61.8% Fibonacci retracement level. Fortunately, the price returned from this crucial zone, providing hope amidst the prevailing bearish sentiment. This rebound also indicates the possibility of a temporary consolidation phase. By Shayan Ethereum’s price has been in a prolonged downtrend,...

Ethereum’s price has been making lower highs and lows recently, following a decisive reversal from the key $2,000 area. Considering the current market structure, more downside can be expected. Technical Analysis By Edris The Daily Chart On the daily chart, the price has recently broken below the $1,650 support. However, this level is currently being retested. A further bearish continuation is likely if the price fails to climb above the broken level soon. The recent bearish...

In its latest prediction, Matrixport, a financial services network, released a report forecasting a dramatic dip in Ethereum’s prices, potentially to $1K, catalyzed by FTX creditor liquidation. Per Matrixport, ETH revenues have been disappointing, as the coin broke below the $1,650 and $1,600 supports. Matrixport cautioned of possible decline towards and below $1,500, potentially heralding a nosedive to $1,000, based on the Ethereum ecosystem’s revenue projections. The...

Ethereum’s price has taken a notably bearish turn, breaching several critical support levels and tilting on the verge of a concerning death cross. Despite these developments, there is a glimmer of hope as the price approaches a substantial support zone, hinting at the possibility of a temporary consolidation phase. By Shayan Ethereum’s price has recently experienced a significant downtrend, leading to a breach of multiple support levels, including the crucial 100 and...

Ethereum’s recent market performance has seen an unexpected and sharp rejection from the $1.8K resistance level, triggering a significant downward trend that broke down both the pivotal 100-day and 200-day moving averages. This development is a clear, bearish signal for Ethereum’s mid-term prospects. Technical Analysis By Shayan The Daily Chart Following a notable drop from the critical $1.8K resistance zone, Ethereum’s price dipped below the critical 100-day and 200-day...

After a prolonged period of tranquil price activity near the critical level of $1.8K, there has been a significant and rapid downturn at ETH following a notable rejection. This sudden cascade has caused the price to drop below the 100-day and 200-day moving averages (MAs), indicating a bearish signal for the ETH market. Technical Analysis By Shayan The Daily Chart Looking at the daily chart, a prolonged phase of quiet price action near the $1.8K resistance level led to a...

Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base.  The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC. ‘Exciting Times Ahead’ According to a document seen by CryptoPotato, Ramp Network has dived even further into the world of crypto by integrating the Coinbase-developed Layer 2 network – Base....

Ethereum’s price has gradually declined over the past few weeks after being rejected from the psychological resistance level of $2,000 once more. However, there is a considerable chance to initiate a new bullish leg in the short term. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has recently demonstrated bearish price action. The 50-day moving average, located around the $1,900 mark, was broken to the downside after holding the mark for a...