Tag Archives: ethusd

ETH/USD – Ether Finds Support At .786 Fib Key Support Levels: $2,775, $2444, $2200,.Key Resistance Levels: $3000, $3211, $3487. The severe price crash seen yesterday caused ETH to drop by a total of around 40% from high to low. During the session, ETH fell as low as $1850, where it found support at the February highs. By the end of the day, the buyers had pushed higher to allow the daily candle to close above $2,444 (.786 Fib). Today, ETH recovered by an astonishing 60% and...

The enhanced volatility in the crypto market continues to harm leveraged traders as the liquidations in the past 24 hours are more than $8 billion. Naturally, roughly 90% of all liquidations came from long positions. It’s safe to say that the cryptocurrency market has seen better days. The entire capitalization saw around $900 billion evaporated in the span of a week. It all started with Elon Musk’s statement asserting that Tesla had stopped receiving bitcoin for its electric...

The largest Ethereum wallets have refused to dispose of substantial quantities of their holdings despite the massive turbulence that the asset experienced in the past week. At the same time, a study compiled by a researcher from the Ethereum Foundation estimated that once the network transitions from PoW to PoS, it will reduce the energy consumption by 99.95%. Ethereum’s Whales Have Not Sold The second-largest cryptocurrency has been among the best performers since the start...

ETH/USD – Ether Attempts To Hold 20-Day MA Key Support Levels: $3430, $3250, $3140.Key Resistance Levels: $3750, $3800, $4000. Etheruem fell beneath its rising price channel over the weekend as it rolled over from above $4000 and dropped on Saturday. The cryptocurrency had been trading inside this channel since the end of April, which allowed it to go on a strong bull run over the past two weeks to set a new ATH at $4373. Today, ETH continued to slide lower as it spiked down...

Elon Musk continues to drive volatility in the crypto market as bitcoin fell by $7,000 in a day before it recovered $3,000. Most altcoins are also deep in the red, with ETH dipping below $3,500 and BNB beneath $500. Bitcoin’s 24H Wild Ride It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t that long ago as it traded above $58,000 on May 12th. However, Elon Musk’s statement that Tesla had stopped receiving BTC payments for its electric...

Bitcoin’s price continues to tumble, and the asset has failed to overcome $50,000 yet again. Some alternative coins have marked substantial gains in the past 24 hours, including another ATH for ADA and a 15% surge for XRP. As a result, BTC’s dominance has fallen to its lowest level since June 2018. 35-Month Low for BTC Dominance Ever since Elon Musk announced that Tesla will cease receiving bitcoin payments for its electric vehicles, the price of the primary cryptocurrency...

Despite the recent market-wide crash, Ethereum continues to lead amid the large-cap cryptocurrencies. Today, we take a closer look into the following cryptos: Bitcoin Bitcoin is down by a total of 10% this week as it saw turbulence over the past two days with Telsa removing BTC payments for its vehicles. The cryptocurrency failed to break a falling resistance trend line at around $59,000 at the start of the week and started to head lower from there. On Wednesday, the...

Morgan Creek Capital Management’s CEO believes Bitcoin’s price can skyrocket to $250,000 in the next five years. He opined that many investors underestimate and ignore the potential of the primary cryptocurrency. Bright Future for BTC Bitcoin saw some turbulent times in recent weeks after reaching an ATH of almost $65,000 in the middle of April. And while the current value of the digital assets has been struggling below $60K, Mark Yusko envisions a significantly more...

After a few days of sideways trading, bitcoin initiated an impressive leg up and even neared $60,000. Despite failing to overcome it, the asset has recovered some of its recently lost market dominance. At the same time, DOGE has slumped after Musk’s SNL appearance, while ETH and ADA went for new all-time high records. Bitcoin Neared $60K As reported just two days ago, the bears had control over the primary cryptocurrency and had pushed the price down to around $55,000....

After falling to $55,000 yesterday, bitcoin recovered more than $3,000 of value and tapped $58,000. Most alternative coins are somewhat stagnant on a 24-hour scale, except Dogecoin. The meme coin charted a new all-time high hours ago and is close to overcoming BNB as the third-largest digital asset. Bitcoin Heads for $58K The primary cryptocurrency has been somewhat struggling in the past few days, as previously reported. It attempted to break above $58,000 on multiple...