Ethereum’s price has been experiencing a period of sideways consolidation after dropping to the critical support level of $3K. Despite attempts to push the price towards $3.7K, the cryptocurrency remains stuck within this range. Volatility is unlikely to increase until a breakout occurs in either direction. Analyzing the daily chart, it is evident that Ethereum
Technical Analysis
Renowned trading guru Peter Brandt has recently shifted his stance on Ethereum, offering intriguing insights into the market dynamics between Ethereum and Bitcoin. Despite his prior criticism of Ethereum as a “junk coin” and its supporters as “Etheridiots,” Brandt’s latest observation of a potential bear trap on the Ethereum-to-Bitcoin chart suggests a more cautious optimism.
Cardano (ADA) has recently reached a significant milestone by processing 88.6 million transactions to date. This achievement is crucial as it showcases sustained network activity, which can have a positive impact on ADA’s price. Additionally, with 1,353 projects actively building on the network, the ecosystem is set to expand further as new users join through
Bitcoin (BTC) has recently hit the milestone of surpassing the $70,000 mark, sparking speculations of a potential surge in the near future. Analysts like Ali Martinez have identified a bullish technical pattern on Bitcoin’s 4-hour chart, known as a bull flag. This pattern typically follows a significant price increase and signals a consolidation phase with
Guy Turner, the host of Coin Bureau, has been making waves in the cryptocurrency community with his bullish outlook on SOL. He predicts a potential breakout of 35% to 45% above the $300 mark based on the promising weekly and monthly charts of the beginning of 2024. Turner is confident in SOL’s future, stating that
Learn the key differences between fundamental analysis and technical analysis for cryptocurrency. Gain insights to make informed decisions in the crypto market.
In the realm of cryptocurrency, Bitcoin remains a key player that is closely scrutinized by experts and analysts alike. Doctor Profit, a renowned cryptocurrency expert, has recently shed light on specific regions that hold great importance for Bitcoin at this juncture. His insights have sparked optimism within the crypto community, hinting at a potential surge
As the digital currency Bitcoin continues to mystify analysts, there is a lively debate surrounding its potential price trajectory in 2024. Optimists, notably led by the prominent crypto analyst Cryptoyoddha, are painting a rosy picture of a bullish future for Bitcoin. They base their optimism on a detailed analysis of historical price charts, highlighting cyclical
The last few weeks have not been kind to Cardano (ADA) investors, as the price of the cryptocurrency has been stuck within a narrow range of $0.61 to $0.64. While other cryptocurrencies like Solana (SOL) and Avalanche (AVAX) have seen significant price gains, Cardano seems to have missed out on the party. This lackluster performance
Learn the key differences between fundamental analysis and technical analysis for crypto investing. Understand their methodologies and find the right balance for informed investment decisions in the volatile world of cryptocurrencies.