Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders
Ethereum derivatives data highlights the lack of short-term strength as ETH price lags Bitcoin’s recovery to the $40,000 range. While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0 rollout. Buterin said that there had been several internal team conflicts in the past five years and as a result, he confirmed that Ethereum 2.0 launch is unlikely to occur before late 2022.In a May 22 report from Goldman Sachs, analysts said that Ether has a "high chance of overtaking Bitcoin as a dominant....
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ETH prices continue to trend downwards as prices remain bearish, with price trading on critical support. ETH trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs as many traders and investors wish for $500. The price of ETH needs to break and hold above the key resistance of $1,400 to initiate recovery signs for the price. The price of Ethereum (ETH) continues to struggle to discover its bullish trend before the “Ethereum Merge” as the price fails to break the key resistance of $1,400 against tether (USDT). Ethereum (ETH) and....
XRP’s recent price performance in recent days has left bullish traders wanting, with its price dipping to $2.10 and failing to trade above $2.20. Although the overall sentiment in the crypto market is relatively neutral, there is still a possibility of a bearish scenario for XRP that could push its price all the way down […]
Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower. Why Ethereum Could Be Headed Lower Crypto analyst TradingShot, in a recent analysis, outlined how the....
Data shows 99.5% of the neutral-to-bearish Ether put options will become worthless above $1,360, leaving bulls with a significant advantage for the foreseeable future. After marking a new $1,477 high on Jan. 24, Ether's (ETH) price was shaken down to $1,206 on Jan. 27 but according to derivatives markets, bulls remain confident that $2,000 is still within reach.The neutral-to-bearish put options open interest above $1,360 is irrelevant and only 2,540 ETH options, equivalent to a $3.4 million in open interest, is above that price level. That being said, more than 99.5% of the put options....
NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times. NEAR price trades in a range as the price looks set for a retest of key support areas. The price of NEAR fails to break above resistance despite forming rounded bottom on the daily timeframe. Near Protocol (NEAR) has struggled with the less bullish scenarios as many traders and investors are beginning to get fed up with the price action as the price fails to have a relief bounce against tether (USDT). Near Protocol has shown little or no glimpse of relief bounce as the price....