Ethereum’s Price Underperformance Contrasts With Explosive Growth In ETH’s Re...
Ethereum’s price continues to witness heightened volatility due to the bearish conditions of the broader cryptocurrency market, causing the altcoin’s value to drop to the $3,000 mark, a level not seen in months. While ETH’s price has fallen sharply, the network’s real economy has displayed significant growth faster than ETH’s market value. ETH Market Slow, […]
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After days of underperformance, Ethereum’s price is finally catching up to that of Bitcoin The second-largest digital asset saw a massive overnight rally that led it all the way up to highs of $415 before it found any resistance This surge marks a notable climb from its recent lows of sub-$370 that were set just a few days ago It has also reinvigorated altcoins, with ETH’s uptick in price allowing many smaller assets also to […]
Volatility observed around Ethereum is intensifying as the price faces a potential downward retest of the key $3,500 mark. ETH’s downside trend is taking place amid several bullish developments, such as massive accumulation by treasury companies, raising questions about its price stability and whether institutional demand could diminish. Treasuries Contrasts With Flat Ethereum’s Price Performance […]
Ethereum’s price is fortifying at a key level. That is the first signal of a turn to growth. Will the upward trend continue? What needs to happen for a turn to growth? A fortification at key bear level indicates the lack of demand. The bulls are holding the advantage. If this continues and Ethereum’s price starts forming a turn to growth, there will be a high probability of larger scale correction towards the next target of $11.1 - $11.2. If, however, the bulls win the advantage, the $10.2 mark will become a key resistance line. A fortification and formation of a turn at it will most....
Ethereum’s price has carried out one of the trend development scenarios. The downward trend continues. What level will prove critical for this trend? Ethereum’s market has picked a downward scenario, discarding the possibility of forming a turn to growth. Despite the price fortifying at a level profitable for the bears, the bulls have failed to hold the advantage, and thus there was no turn to growth. The short-term downward trend will continue, as long as the advantage stays with the bears. The most likely point for a turn to growth is at $10.3, where a lot of trading volume converges.....
It has been a rough past few days for Ethereum, with Bitcoin’s recent $13,800 rejection sending it plunging below $400 It has not been able to gain any strong momentum in the time since, and analysts do believe that this could indicate that further weakness is imminent ETH’s lackluster price action and severe underperformance has been one of the main reasons why other altcoins have been heavily underperforming BTC One analyst is now noting that […]