Ethereum is stuck at 0.023 BTC resistance after forming a cup-and-handle patternIt is gaining strength again after reclaiming the crucial $200 mark this weekETH/USD: Ethereum Recovers Well Above $200Key Resistance Levels: $226, $237, $246Key Support Levels: $211, $200, $191ETH/USD. Source: TradingViewThere’s no doubt that the bulls are coming up again following the latest buying volume in the entire crypto market. Ethereum’s price jumped 10% in two days before it met resistance and pulled...
Read More »Crypto Price Analysis & Overview May 29th: Bitcoin, Ethereum, Ripple, Tezos, and Chainlink
BitcoinBitcoin saw a small 3% price increase over the past seven days as it currently trades around the $9,433 level. The cryptocurrency had started the week off by dropping beneath $9,000 and reaching the support at the rising trend line. Luckily, the buyers managed to defend this support to prevent BTC from slipping into a bearish trend.Bitcoin rebounded from the rising trend line over the past three days as it breached the $9,000 resistance again and continued as high as $9,600. It has...
Read More »Bitcoin Struggles To Maintain $9000 As THETA Plunges 20%: Thursday’s Market Watch
The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or less break even against Bitcoin.Bitcoin Struggles Above $9,000Bitcoin has been playing with the $9,000 area quite a bit in the last few days. Yesterday, the cryptocurrency...
Read More »Ethereum Price Analysis: ETH Bounces From $200 But Shows Weakness Against The Rising Bitcoin
Ethereum increased by 3% today as it rebounds from $200 and reaches $208.The cryptocurrency battles to remain above the rising trend line.Against Bitcoin, Ethereum failed to continue above 0.023 BTC as it drops back into the 200-day EMA.Key Support & Resistance LevelsETH/USD:Support: $200, $187, $180.Resistance: $215, $220, $225.ETH/BTC:Support: 0.022 BTC, 0.0215 BTC, 0.021 BTC.Resistance: 0.023 BTC, 0.0236 BTC, 0.024 BTC.ETH/USD – Ethereum Forming Ascending Triangle.Ethereum rebounded...
Read More »Ethereum (ETH) Is Undervaluead: These 4 Metrics Explain Why
By examining numerous aspects of the Ethereum network since its launch in 2014, a cryptocurrency research firm concluded that the asset price is significantly undervalued.Ethereum DevelopmentsBlockfyre based the analysis on several core features of the Ethereum network and its performance in the past six years. Firstly, the company examined the development activities, saying that they have been continuously increasing, regardless of how the price has acted.Ethereum Development Activities....
Read More »Ethereum’s Endless Battle At $200 Is Getting To Decision: ETH Price Analysis
Ethereum increased by 2% today as the buyers battle to defend the $200 level.A rising trend line formation further bolsters the support at $200.Against Bitcoin, ETH continues its road to recovery as it breaches the 0.023 BTC level today.Key Support & Resistance LevelsETH/USD:Support: $200, $187, $180.Resistance: $211, $220, $225.ETH/BTC:Support: 0.023 BTC, 0.0225 BTC, 0.022 BTC.Resistance: 0.0236 BTC, 0.024 BTC, 0.0247 BTC.ETH/USD – Ethereum Bulls Battle To Defend $200.Ethereum dropped...
Read More »Bitcoin Steady Above $9,000 Anticipating The New Week’s Start: Sunday’s Crypto Market Watch
The past 24 hours have been relatively calm for the leading cryptocurrencies by market capitalization. As of writing these lines, Bitcoin is trading today in a tight range around $9,200.From a technical standpoint, the range between $9,200 – $9,300 is the first significant resistance level for the primary cryptocurrency. If it breaks it successfully, then BTC would have to conquer $9,500, $9,600, and $9,800 as the next resistance levels, on its way to test the psychological mark of $10,000...
Read More »Crypto Price Analysis & Overview May 22nd: Bitcoin, Ethereum, Ripple, Cardano, and TFuel
BitcoinBitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped into the $9,400 level.Yesterday, Bitcoin continued to drop further as it dipped beneath $9,000 to reach as low as $8,800. Luckily, the buyers regrouped to push the coin back above $9,000 before...
Read More »Ethereum Price Analysis: ETH Bulls Looking Exhausted At $210 Despite 11% Weekly Increase
The bulls are eyeing $226 resistance, but they could get trapped if a double-top pattern comes into play.Ethereum is currently looking bullish across its trading pair after rising by 11% in 7 days.Against Bitcoin, Ethereum is starting to show strength after finding support around 0.021BTC.ETH/USD: Ethereum Eyeing $226 Key Resistance Levels: $217, $226.8, $246Key Support Levels: $191, $176, $152.6ETH/USD. Source: TradingViewA few days back, Ethereum saw a sharp correction to $175 after marking...
Read More »Ethereum Price Analysis: ETH Reclaims $200, But Can The Bulls Push To May Highs?
Ethereum increased by 2.5% over the past 24 hours, and it reclaimed the $200 level again.The cryptocurrency previously rebounded from a rising trend line, which allowed it to get over the $200 level this week.Against Bitcoin, ETH managed to rebound from the 0.021 BTC support to reach 0.0213 BTC.Key Support & Resistance LevelsETH/USD:Support: $200, $187, $180.Resistance: $211, $220, $225.ETH/BTC:Support: 0.021 BTC, 0.0208 BTC, 0.02 BTC.Resistance: 0.022 BTC, 0.0225 BTC, 0.023 BTC.ETH/USD:...
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