Tag Archives: ETHBTC

Technical Analysis By GreatestTrader Ethereum’s recent forceful upswing encountered resistance upon reaching a critical price region, encompassing the $2K threshold and the upper boundary of an ascending wedge. This resulted in a phase of consolidation correction, retracing towards the 100 and 200-day Moving Averages (MAs). A comprehensive analysis of the daily chart exposes a notable presence of supply in the crucial $2K region, coinciding with the upper boundary of the...

Technical Analysis By TradingRage Ethereum’s price is finally trading above $2,000 again. Investors are more optimistic than ever, hoping that a new bull market has begun and ETH’s price is destined for a new ATH in the coming months. Yet, it is wise to be cautious after significant price movements. The Daily Chart On the daily timeframe, the price surged significantly yesterday after getting supported by the 200-day moving average around the $1,800 mark. The market has...

This week has been all about prices, hence the title. It appears that there’s tremendous anticipation for the approval of a spot Bitcoin ETF, which seems to be one of the main explanations given by many experts of the ongoing rally. A lot happened price-wise, so let’s unpack. First things first, it’s important to note that the SEC is currently in a tight window to make a decision on whether or not they will approve a spot Bitcoin ETF. There’s the possibility of more delays,...

BlackRock may be preparing to launch a spot Ethereum (ETH) ETF amid roaring confidence that its spot Bitcoin (BTC) ETF application is all but certain, a new company registration suggests. The price of ETH has soared 8% on the day to $2,020. As shown by @SummersThings on Twitter, BlackRock registered a corporation named the “iShares Ethereum Trust” in Delaware on Thursday. The name rings similar to its iShares Bitcoin Trust, a spot Bitcoin ETF product currently under review by...

Technical Analysis By TradingRage Ethereum’s price has been rising rapidly following a rebound from the $1,550 support level. While it is yet to reach the key $2,000 level, specific clues on the chart suggest that it is only a matter of time before it does. The Daily Chart On the daily chart, both the 50-day and the 200-day moving averages, located around the $1,700 and $1,800 marks, respectively, have been broken to the upside. The market is currently piercing through the...

Technical Analysis By Shayan Ethereum’s recent market activity has introduced a sense of uncertainty, with the price consolidating within a narrow range and lacking a clear direction. The situation becomes pivotal if the price manages to surpass the 200-day moving average, indicating the potential for a significant surge. Examining the daily chart, Ethereum encountered a substantial resistance zone at the 200-day moving average, positioned at $1.8K. This led to a sideways...

Ethereum’s price action has been relatively bearish in recent months, breaking below multiple support levels. However, investors can still be hopeful that an upward movement may be on the horizon. Technical Analysis By Edris The Daily Chart As depicted on the daily timeframe, the price recently tested the $1,750 resistance level but failed to break above it and was rejected to the downside. The 50-day moving average, located around the $1,650 mark, is currently providing...

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,...