Ethereum Price Drifts Lower—Is $3,000 About to Be the Battleground?
Ethereum price started a fresh decline below $3,120. ETH is now consolidating and might soon aim to start a recovery wave above $3,200. Ethereum started a downside correction from the $3,250 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,050 zone. Ethereum Price Dips Toward Support Ethereum price failed to stay above $3,180 and started a fresh decline, like....
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Ethereum (ETH) is currently consolidating in a tight range following its recent selloff, demonstrating resilience by holding above key support zones. However, the price remains firmly capped by a descending trendline and structural resistance around the $3,400 level. While buyers defend the vital $2,905 low, the trend remains sideways until ETH can achieve a decisive close above the descending resistance to initiate the next major rally. ETH Attempts To Stabilize After The Selloff According to a daily update from CyrilXBT, Ethereum is attempting to form a base following its recent selloff,....
Ethereum is currently expressing some immense signs of strength as the cryptocurrency rallies higher while Bitcoin drifts lower. This is the first time in weeks that the cryptocurrency has risen while Bitcoin’s price drifts lower. DeFi blue chips have also been rallying higher. The DeFi sector has been one of the biggest beneficiaries of Ethereum’s […]
The concept of a price battleground in Bitcoin markets refers to a critical price range where the forces of buying and selling pressure are in a fierce and decisive contest. This is where the outcome is expected to determine BTC’s overall direction and confirm a continuation of a bull market or bear market correction. Why This Zone Will Define Bitcoin’s Next Expansion Phase In an X post, an institutional-grade reporter, Bitcoin Vector, has highlighted that BTC has entered its decisive battleground between $110,000 and $115,000, which could determine the trajectory of the entire....
Ethereum is now at a pivotal moment following last week’s explosive rally that pushed prices above several key resistance levels. After surging past $2,700, ETH has pulled back and is now consolidating above the $2,400 mark. This zone has become a critical battleground between bulls looking to confirm a breakout and bears eyeing a deeper […]
BTC price is holding slightly below $38,000, but analysts warn that mounting macroeconomic issues and a lack of buyers could lead the price to “probe lower.” Bitcoin's sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22.Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) continues to hover slightly below $38,000, which some analysts have identified as a significant support and resistance zone. BTC/USDT 1-day chart. Source: TradingViewHere’s a closer look at what analysts are saying about....