Tag Archives: ETHBTC

ETH/USD – Bulls Return To Bearish .886 Fib Resistance.Key Support Levels: $1,200, $1,165, $1,100.Key Resistance Levels: $1,300, $1,350, $1,392.Ethereum saw a whipsaw-like action in trading this week after starting above $1,300 and dropping into the $1,050 support (.382 Fib Retracement). From there, it rebounded on Wednesday as it pushed higher but became stuck at a short term falling trend line.ETH then headed lower but found support at $1,165 (.236 Fib Retracement). It rebounded from this...

Following an unsuccessful attempt to overcome the $40,000 price tag over the past two days, BTC headed south once again to an intraday low of about $34,500. Simultaneously, while most alternative coins were in the red, the two large-caps – Chainlink and Polkadot – have both exploded to new all-time highs.Bitcoin Dips To $34.5K But Quickly RecoversThe primary cryptocurrency managed to recover the losses following a “Black Monday” style crash that drove it back to the $30K price area in a...

This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach...

Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have...

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the...

ETH/USD – Bulls Holding Strong Above .382 Fib SupportKey Support Levels: $1047, $1000, $952.Key Resistance Levels: $1100, $1165, $1200.Last week, Ethereum was climbing higher as it surged into the $1350 resistance (1.272 Fib Extension). More specifically, it struggled to close a daily candle above resistance at $1276 (bearish .886 Fib Retracement) and started to roll over from here at the weekend.On Monday, the sudden Bitcoin price plummet caused ETH to spike as low as $930. Luckily, the...

The cryptocurrency trading volumes on PayPal have skyrocketed to a new all-time high yesterday, shattering the previous record. Having also in mind the growing Google searches for bitcoin, Ethereum, and other digital assets, the question remains if retail investors have finally arrived.PayPal Crypto Trading Volume ATHEver since the world’s largest online payment processor announced last year that it will enable cryptocurrency trading on its platform, the community wondered how long it will...

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears...

It seems that the long-anticipated cryptocurrency correction has finally materialized as over $200 billion vanished from the market cap. Bitcoin plummeted to below $33,000, while most alternative coins have it even worse with massive double-digit price drops.Bitcoin Loses $9K In A DayAfter a highly volatile and positive first ten days of the new year, in which BTC broke above $40,000 for the first time and charted an all-time high of $42,000, the cryptocurrency headed south.During the...

ETH/USD – Ethereum Continues To Set Multi-Year HighsKey Support Levels: $1275, $1200, $1165.Key Resistance Levels: $1350, $1390, $1425.This past week, Etheruem surged higher from $800 to reach the resistance at $1275 on Friday, provided by a bearish .886 Fib Retracement. It stalled here for a couple of days as it traded along with the support of $1165 (.236 Fib Retracement).Today, Ethereum managed to push above the resistance at $1275 to climb higher towards $1350 (current daily high and...