Ethereum Technical Analysis: Bullish Breakout Needed to Reverse Bearish Trend

As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure. Ethereum On … Read more

Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels

On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious … Read more

Ethereum Technical Analysis: Indicators Signal Caution for Ether as Bears Maintain Control

Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a … Read more

Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery

On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching, traders should exercise caution as the market searches for stability. Ethereum Ethereum’s price is facing significant downward pressure … Read more

Understanding Oscillators in Bitcoin Trading: A Technical Analysis Guide

In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading. Oscillators and Why They Matter … Read more

Crypto Supporters Sift Through the Graveyard of Technical Indicators That Failed to Predict Bitcoin’s Bottom

As the end of 2022 approaches, a great number of bitcoin proponents are questioning whether or not the bottom is in as far as the official end of the crypto winter is concerned. The current bitcoin bear run just entered the longest bottom formation since the 2013-2015 bitcoin bear market. Moreover, analysts note that most … Read more

Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin … Read more

Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue

LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent losses extended. Terra … Read more

Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return

During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bulls returned to action on Saturday, as the global crypto market capitalization was around 8% higher. Biggest gainers Following a huge week of news in the gaming and crypto space, it was only a matter … Read more