Tag Archives: ETHBTC

Key Support levels: $3,600, $3,300 Key Resistance levels: $3,740, 4,000  ETH has just made a lower low on the chart if we exclude the flash crash from 4th December. The price hit the $3,600 support level and is now hovering just under the $3,740 resistance. The current price action has also formed a large descending wedge (in blue). This is a bullish formation, but it can be quickly invalidated if ETH falls under the key support level. Chart by TradingViewTechnical...

ETH has lost the $4,000 key level once again. In the following analysis, we will try to understand what it means for the second-largest crypto over the next short term. Key Support levels: $3,738 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) After a few days maintaining the crucial level above $4,000, ETH’s price dropped below this key price area, which has turned back into solid resistance. The momentum was simply not there to sustain a price above it. As mentioned...

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After a 24-hour hiatus below the coveted $50,000 mark, bitcoin has bounced off and reclaimed it. Most altcoins are also slightly in the green, while Cardano and Polkadot have stolen the show with impressive 8% gains on a daily scale. Bitcoin Reclaims $50K It was just several days ago – before Christmas – when the primary cryptocurrency struggled at $48,000 after unsuccessful attempts to overcome $50,000. The landscape changed at that point when the bulls initiated an...

ETH has been successful in keeping its price above $4,000. However, the upwards momentum is weak. Key Support levels: $4,000 Key Resistance levels: $4,435, $4,868 (ATH) ETH’s price is sitting just above the $4,000 support level with little volume or volatility. This is normal considering the weekend and the new year’s holidays. The resistance is some distance away at $4,435, and as it seems now – it likely will not be tested any time soon. Momentum might return in the coming...

After nearing $52,000 earlier this weekend, bitcoin has lost some ground but still stands around the coveted $50,000 mark. The altcoins are untypically calm, with ETH close to $4,000. In contrast, MATIC is up by more than 6% on a daily scale. Bitcoin Down to $50K Just days before Christmas, the primary cryptocurrency had dropped to $48,000 after failing to overcome $50,000. However, the bulls came to play at this point and pushed the asset north. In the following hours,...

Despite retracing after the latest two-week high by several hundred dollars, bitcoin has remained above $50,000. Most altcoins are also slightly in the red following yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which is up by 50%. Bitcoin Maintains $50K Following a few consecutive weeks of consistent price drops, bitcoin finally initiated an impressive leg up yesterday, in which it broke above $50,000. Moreover, the cryptocurrency kept going upwards in...

This week, we take a closer look at Ethereum, Ripple, Solana, Luna, and Avalanche. Ethereum (ETH) Ethereum has reclaimed the $4,000 level and appears ready to move higher towards the next key resistance at $4,400. The battle for the $4,000 level was intense, and it took almost a week until the buyer side prevailed. The price dropped to the former support at $3,700 several times, and the outlook on Monday was grim. But this quickly changed as the market turned back up. As...

Key Support levels: $3,700 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) The battle between buyers and sellers is ongoing at the key $4,000 level. So far, the sellers managed to push the price below it after a short incursion from bulls. At the time of this post, the $4,000 level is acting as a resistance, and if the buyers manage to turn it into support, then ETH can rally further. Chart by TradingViewTechnical Indicators Trading Volume: Volume disappeared after ETH...

On Saturday, bulls made another attempt to push the ETH price above $4,000 with no success. After ETH had broken below $4K, the latter turned into the main question for deciding Ethereum’s short-term future. Key Support levels: $3,700 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) ETH is attempting to stop the downtrend and curved up above the support at $3,700, creating long wicks to the downside over the past week (this shows that there is demand at lower levels)....