Tag Archives: ETHBTC

The ETH market currently resembles the sideways consolidation that is also taking place across all other cryptocurrency markets. Thinking of this phase as a prolonged accumulation period, many traders might suspect this structure as the bottom for Ethereum price, but let’s take a closer look. Macroeconomic factors still affect the market, while spot volume is low, and the Open Interest rate has grown very little. But the big question is whether this is a buying opportunity,...

Kevin O’Leary said he has allocated millions of dollars in crypto. The former critic of Bitcoin now said investing in it is like investing in giant corporations such as Google and Microsoft. 20% of His Portfolio in Crypto Back in 2019, the Canadian businessman and television personality was among the biggest critics of the crypto industry. At the time, he described bitcoin as “worthless,” “useless currency,” and even “garbage because you can’t get in and out of it in large...

The market is still in doubt, and the sideways trend has exhausted retail investors. Are we in the accumulation phase, or is this a temporary halt in a bear market? The Daily Chart: ETH has been trading above its dynamic support for more than a year, and the bears have not succeeded in breaking below. It seems that a significant uptrend and the beginning of a bull market starts with the ROC indicator crossing above the downtrend line in the ROC (30D), which has performed well...

The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment was led by prominent financial backers such as Heartland, Kinnevik, Tencent, and IDC Ventures. Apart from the...

ETH had seen a difficult weekend so far, unable to move away from the critical support at $2.5K. The overall crypto market sentiment is slightly bearish after Bitcoin got sharply rejected below $40K. Key Support levels: $2,560, $2,330 Key Resistance levels: $2,800, $3,000 Since ETH got rejected at the $3,000 resistance level, the price quickly dropped towards the key support at $2.5K. The latter was the daily low in the past three days – Friday, Saturday, and Sunday. So far...

The adverse price developments in the crypto market continued, with bitcoin dropping below $40,000. Most altcoins are deep in the red as well, with Terra losing 7% and BNB dropping to $380. Bitcoin Lost $6K in 3 Days The ongoing war between Russia and Ukraine harmed all financial markets upon its start, but bitcoin managed to recover all losses immediately when the West refused to get directly involved. It kept climbing, reclaimed $40,000, and even soared to a three-week high...

Key Support levels: $2,500, $2,300 Key Resistance levels: $3,000, $3,400 After a rally in which ETH increased by almost 18% in two days, the resistance at $3,000 has put a brake on this momentum. The price failed to move higher and may enter a short pullback towards $2,800 or $2,500 which should act as support. Chart by TradingViewTechnical Indicators Trading Volume: The volume has been falling during this most recent rally, which puts some doubt on a potential continuation....

The Defense Ministry of Israel reportedly seized 30 digital wallets belonging to businesses associated with the exchange company al-Mutahadun. The authorities accused the latter of funding the terrorist organization Hamas. Israel’s Latest Seizure In 2021, al-Mutahadun was one of the firms designated as a terrorist-funding entity by Israeli officials. Specifically, they claimed that the Shamlah family-owned company “assists the Hamas terror group, and especially its military...

After wicking down towards $2300, ETH turned short-term bullish as the uncertainty around the Russia – Ukraine conflict faded. Both crypto and global markets soared over the past few days. As of writing these lines, ETH is testing the key resistance level at $2800. Key Support levels: $2500, $2300. Key Resistance levels: $2800, $3000. ETH will look forward to breaking above the $2800 key level and turning it into support in the near term. If successful, ETH will likely head...

Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks of increasing tension between the two former Soviet states, Russian President Vladimir Putin launched a...