Tag Archives: Ethereum (ETH) Price

The total cryptocurrency market capitalization dropped below $1 trillion on Saturday as the majority of altcoins are bleeding out. Bitcoin also dropped below the coveted $20,000 as the bulls failed to produce any meaningful increases. Bitcoin Below $20K The primary cryptocurrency has failed to chart any notable increases in the past 24 hours and is down some 1.3%. The bulls attempted to push the price upwards on a few occasions but were unable to do so. Eventually, this...

August’s monthly candle closed in the red. However, it was a month filled with volatility where the bulls dominated the market until the middle of the month and managed to record a high of $2031. At that point, bears intercepted and pushed the price towards $1420. In any case, all eyes are now on September as we enter the month when the Merge is expected to take place. Technical Analysis By Grizzly The Daily Chart In the daily timeframe, buyers appeared strong this week. They...

After dropping to a monthly low over the past week, finally, the steep dive seems to be finding a local bottom. ETH saw a staggering 12% price increase over the past three days, touching a high of over $1600 as of yesterday (Wednesday). Could this end up in breaking out above the falling wedge, which is textbook bullish? Technical Analysis By Grizzly The Daily Chart The bottom line of the falling wedge pattern (in yellow) has already supported the price three times. This...

The past 24 hours took a turn for the better as, the broader cryptocurrency market added over $50 billion to its total capitalization and reclaimed the coveted $1 trillion level. This comes on the back of Bitcoin reclaiming $20K and Ethereum pushing for $1.6K at the time of this writing. Bitcoin Price Bouncing Back Yesterday, the BTC price slipped towards $19,500, where it seems to have marked some sort of a local bottom as that’s where the bulls took more definitive steps to...

Any optimism for a rally is fading quickly as the Merge upgrade date approaches. Two weekly candles closed in red, warning of the formation of a bearish structure. Ethereum lost approximately 30% of its value over that period. Technical Analysis By Grizzly The Daily Chart Ethereum is forming a lower low on the daily chart. The structure, followed by the formation of lower highs and lower lows, can be the precursor of continuous declines. So far, the bears managed to erase the...

Just like the traditional markets, the crypto markets reacted badly to yesterday’s speech by Powell. Following the announcement of the continuation of the hawkish policy of the Federal Reserve, the market sentiment is bearish. Yesterday’s selloff caused Ethereum to lose more than 12% in under 24 hours. Is more pain incoming? Technical Analysis By: Grizzly The Daily Chart The price of Ethereum fell sharply against the US dollar and Bitcoin yesterday. The short uptrend that...

Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. The alternative coins suffer, too, leading to almost $400 million in liquidations from over-leveraged traders. CryptoPotato reported the relatively stable price movements from bitcoin in the past week or so. After falling by $4,000 in the previous week, BTC spent most of this one around the $21,000 mark. It challenged $22,000 a few days ago but to no...

The past seven days were relatively unproductive in the cryptocurrency markets – at least in terms of price development, but this doesn’t mean there wasn’t volatility. The total capitalization seems to be hanging by a thread slightly above the coveted mark of $1 trillion. This time last week, Bitcoin was trading at around $21,700 but quickly retraced below $21,000. The price spent quite some time battling with this area, and it appears that even until this moment, there’s no...

In today’s overview, we take a closer look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum might be down 9.1% this week, but it’s recovering well from the latest collapse. The cryptocurrency fell from above $1,800 last Friday and continued to decline during the weekend until it found support at the 50-day MA level. It rebounded from the 50-day MA and started to climb throughout the week. Yesterday, it found resistance at the 20-day MA level and the...

After the DXY index rebounded off the support at 104, the crypto market entered a correction phase. In the past few days, Ethereum experienced an uptrend after touching $1,523 on August 20 and rallied today as new updates on the Merge were announced. Can the bulls reclaim $2,000? Technical Analysis By Grizzly The Daily Chart On the daily time frame, buyers have stepped up. Defending the support at $1,500 caused the bears to pull back a bit. Now, the buyers have to flip the...