The Ethereum price has shown signs of weakness as it failed to recover above the $3,650 resistance level. In fact, ETH declined below the $3,550 support zone and is now displaying bearish tendencies below $3,600. The price is currently trading under $3,550 and below the 100-hourly Simple Moving Average. There is a significant bearish trend
Technical Indicators
Ethereum price recently made an attempt to clear the $3,720 resistance level, however, it failed and started a decline. The price is now at risk of further losses below the $3,550 support zone. This failure to break through the resistance is a concerning sign for Ethereum investors and traders. Looking at the hourly chart of
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement below the 4-hour Simple Moving Average (SMA). This development holds significance for traders and investors alike, as it can provide insights into short-term market sentiment and momentum. Beyond technical analysis, factors such as broader market conditions, investor behavior, and fundamental
Ethereum price recently experienced a downside correction from the $3,885 resistance zone. The price is now back below $3,800 and might continue to slide towards $3,720. This correction came after Ethereum failed to clear the $3,880 resistance level, signaling a potential shift in the market sentiment. Technical indicators such as the 100-hourly Simple Moving Average
The recent failure to break above the $72,983 resistance level has caused the price of Bitcoin to drop significantly. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has led to a decline from $71,942 to $66,785 and a move below the SMA in both the 1-hour and 4-hour charts. This drop
The price of Ethereum has been fluctuating within a consolidation zone, ranging from $3,949 to $3,627. This follows a recent rally that resulted in a 10% increase in the price of the cryptocurrency. The current price stands at around $3,752, showing a 0.66% rise above the 100-day Simple Moving Average (SMA). Analyzing Ethereum’s chart on
The cryptocurrency market has been a hot topic among investors recently, with many showing confidence and optimism in the potential for growth. One popular crypto analyst, known as Crypto Con, has made predictions regarding the timeline for Bitcoin to reach its peak in the current bull cycle. By analyzing historical data and trends, Crypto Con
In the world of cryptocurrency, every tiny indicator is examined under a microscope in hopes of predicting the next big move in the market. A recent development in the Bitcoin space has sparked optimism among analysts, suggesting a potential rally for the world’s largest cryptocurrency based on a unique technical pattern. The Stablecoin Supply Ratio
Recently, crypto analyst Crypto Jebb highlighted an inverse heads and shoulders pattern on the Bitcoin chart, suggesting a potential rally for the cryptocurrency. This bullish pattern could potentially push the price of Bitcoin to $100,000, according to Jebb’s analysis. He emphasized the significance of this pattern and its potential to lead to substantial price movements
Recent analyses of Ethereum (ETH) have indicated a potential rebound on the horizon, with the TD Sequential indicator on Ethereum’s daily chart issuing a strong buy signal. This signal, as highlighted by analyst Ali on social media platform X analysis, suggests that Ethereum could experience an upward movement lasting one to four candlesticks. This positive