Tag Archives: ETHBTC

Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 ETH’s downtrend is currently taking a break, with prices pausing just above $3,000. The sellers seem unable to push the cryptocurrency lower after the latest attempt yesterday briefly took the price to $2,926 (Bitstamp) before it recovered back above the key support. The resistance is found at $3,300 and appears quite far away at the time of this post. Before buyers have the confidence to put ETH on the...

According to Joey Krug – Chief Investment Officer at digital asset investment firm Pantera Capital – Ethereum will continue to be superior to its rivals. Moreover, the exec believes Vitalik Buterin’s project could facilitate 50% of the global financial transactions in the next decade. Ethereum Is Not Likely to Be Challenged By Competing Networks In a recent interview for Bloomberg, Joey Krug – an early DeFi developer and CIO of Pantera Capital – predicted that Ethereum could...

Just as the overall negative sentiment of the crypto markets, ETH had a rough start of 2022, losing over 20% during the first week of the new year. Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 The past week saw a significant crypto crash where ETH went as low as $2,987 (Bitstamp) on Saturday before recovering above the $3K support level as of today. Last Wednesday, the market entered into a sustained selloff: so far, ETH saw four consecutive daily...

Bitcoin’s situation worsened once more hours ago as the asset dropped to a new three-month low beneath $41,000. Most altcoins are in a similar position today, and the overall losses from the past three days grew to $300 billion. Bitcoin’s Latest 3-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as it traded at $47,000 on Thursday and even tried its hand at $48,000 on Wednesday. However, the bears took...

After the enhanced fluctuations in the past several days, bitcoin finally calmed around $42,000. The situation with the altcoin is quite similar, except for Chainlink. LINK surged by 13% and trades above $26. Bitcoin Sits Still at $42K It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. On January 5th, it traded at $47,000 after failing to overcome $48,000 despite numerous attempts. This is where the landscape changed rapidly for the worse....

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has been moving sideways within the falling wedge (marked blue on the following chart). The price is now closing in on the wedge upper border which is currently acting as resistance around the $3,800 level. If ETH gathers momentum here, then the bulls have a chance at a breakout. A failure will take the price back unto support at $3,600 or even $3,300 if the correction will continue. Chart by...

The start of a new year provides an opportunity to reflect on the past and move forward with intention and purpose. And while other crypto personalities started 2022 with bullish predictions, Ethereum’s co-founder Vitalik Buterin chose to travel back in time, revisiting some of the things he predicted over the last ten years. He also shared what he learned and what he thinks about the subjects today. As a programmer, writer, and an active member of the cryptocurrency space...

Over the past few days, ETH has been trading inside a descending wedge formation. The next significant price move will likely take place upon a breakout of the pattern. Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has managed to hold above the key support at $3,600. Since then, the price is heading towards the upper boundary of the descending wedge (marked blue on the following chart), which will likely act as resistance. As of now, this level...

Following yesterday’s minor price slides, most of the cryptocurrency market is in the green today. This includes a slight increase from bitcoin to above $47,000 and more impressive gains from Polkadot and Avalanche. Bitcoin Stands Above $47K As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, as CryptoPotato reported on December 31st. However, the landscape changed quite quickly in the following hours....