Tag Archives: ethusd

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)....

Following another sub-$46,000 dip, bitcoin has bounced off and currently sits above $47,000. The altcoins are also slightly in the green, with Terra outperforming the rest after a substantial double-digit surge. LUNA Surpasses DOT The altcoins have suffered quite a lot since the start of December, and especially since the massive crash two weeks ago. Ethereum went from nearly $4,700 to $3,500 in a day, and even though it has recovered a lot of ground since then, it still...

Bitcoin’s adverse price movements continued in the past 24 hours, and the asset fell to a two-week low of $45,500. Most altcoins also suffered, with the apparent exception of Avalanche, which has soared by nearly 10% on a daily scale. Bitcoin’s 14-Day Low It was just two days ago when the US Federal Reserve said it will leave the interest rates unchanged, which caused a substantial price surge for bitcoin. The cryptocurrency traded at $46,500 and skyrocketed to $49,500 in...

The power of memes is nothing to scoff at. According to Grayscale’s third annual Bitcoin Investor Study, Dogecoin is the most well-recognized altcoin. 74% of those surveyed have heard of the meme coin, compared to just 56% that have heard of Ethereum. Bitcoin is still king, however, recognized by 99% of investors. Awareness Around Altcoins Grayscale’s end-of-year study examines investor “perspectives and attitudes” around Bitcoin. However, it also covers some comparative...

ETH briefly dipped below $4,000 as bulls are struggling to maintain the key price over the past few days. Key Support levels: $4000, $3850 Key Resistance levels: $4566, $4868 (ATH) ETH was rejected by the $4,566 resistance level on Thursday and was quickly pushed down by the bears towards the key support at $4,000. On December 10, ETH’s price slipped below this key support, however, the bulls were able to get the price back above the level the day after. At the time of this...

Yesterday’s inflation news from the US pushed bitcoin to $50,000 once more, but the asset failed and dropped by several thousand dollars. Most altcoins are also in the red on a daily scale, as ETH slid to $4,000. Bitcoin Rejected at $50K The past several days didn’t go all that well for the primary cryptocurrency. It tried to recover from last week’s massive crash and challenged the $50,000 mark on several occasions but to no avail. Its inability to break above had driven it...

Key Support levels: $4,000  Key Resistance levels: $4,566, $4,868 (ATH) ETH rallied after touching the key support level at $4,000 and came close to reaching $4,500, where bears stepped up. It appears the resistance at $4,566 will be a hard one to crack, as the bulls don’t seem to have sufficient momentum at the time of this writing. On the ETH/BTC chart, the situation is looking better, and the price made a new local high at 0.088 BTC before retracing. Bitcoin’s market share...

Key Support levels: $4,000 Key Resistance levels: $4,350, $4868 (ATH) ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions. This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls need...

The last day was particularly tumultuous throughout the entire cryptocurrency market and bears clearly had the upper hand. While an argument can be made that this is a correction that (so far) failed to damage the long-term market structure, it’s a fact that BTC’s price saw its worst day of trading since September 7th. Bitcoin Price Tumbled Below $54K Yesterday, bears took full control over the market, and this resulted in the worst daily candle Bitcoin’s had since September...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...