Why traders say Ethereum may see a 'rinse' pullback after breaking its two-ye...
Traders say ETH price could pull back temporarily after climbing to a new all-time high above $1,470, despite the momentum of Ethereum. Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this year, buoyed by the growing number of users on Ethereum.Primarily due to the growing demand for DeFi, the Ethereum network has seen an increase in user activity and transaction volume.ETH/USDT 15-minute price chart (Binance). Source: TradingView.comThis has....
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Ethereum price might be ready to resume its drop to its previous lows or much lower after correcting to an area of interest. Ethereum price had been moving inside a range between resistance near 0.00230 and support at 0.00215 before breaking to the downside. Price dipped to a low of 0.00205 before showing signs of a pullback. Using the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with the broken support, which might now hold as resistance. Ethereum price might be ready to resume its drop to its previous lows or much lower after correcting to....
Data from Glassnode has revealed how the large Bitcoin traders showed expert timing in the derivatives market during the market reversal. Bitcoin Large Traders Have Shifted To A Net Short Bias In a new post on X, on-chain analytics firm Glassnode has talked about how the large Bitcoin traders behaved during the latest pullback in […]
The general crypto market has experienced a strong downward movement. Ethereum is no exception to this bearish development since the digital asset has experienced a pullback below key support levels. With waning market performances hindering investors’ sentiment toward ETH, the altcoin is likely to undergo an extended pullback in the upcoming days. Bearish Forces Weigh […]
The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If […]
Bitcoin price has its sights set much higher and is making another push past the ascending channel resistance for a sharper climb. Bitcoin Price Key Highlights. Bitcoin price is still trading inside the ascending channel illustrated in an earlier article, signaling that bullish momentum is in play. Traders have been waiting for a decent pullback to reestablish long positions but it seems that the correction was pretty shallow. Price found support at $1050 before making another attempt to break past the channel resistance. Technical Indicators Signals. The 100 SMA is still on the 200 SMA on....