AI Explains What’s Driving The Ethereum Price Volatility, Can It Rise Above $...
A recent technical breakdown shared by crypto analyst Trader Tardigrade added a notable outlook to the discussion of how fast Ethereum can enter into a bull run or if there’s more consolidation ahead. In his post on X, he compared Ethereum against the US Dollar Index and then consulted Perplexity AI for a data-backed explanation of the relationship. The result was a match of DXY peaks and Ethereum bottoms, pointing to a recurring inverse pattern that may now be coming back into play. Ethereum’s Volatility Tied To The Dollar Index The technical analysis from Trader Tardigrade focuses on the....
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Here's a look at what we are focusing on in the bitcoin price this morning. Okay then. The middle of the week is here, and it’s time to take stock of what’s happened so far, and what is likely to roll out across the next couple of days. Things have been pretty up and down so far. We started out the week with some relatively flat action, but this matured into some volatility pretty quickly. The volatility, we were able to take advantage of, and we have managed to get in and out of the markets according to the rules of our strategy (primarily breakout) on a number of occasions so far. With....
The Bitcoin, Ethereum, and XRP prices are showing signs of recovery as traders across regions take sharply different approaches to the latest price swings. Fresh market data reveals that buying and selling pressure is no longer evenly distributed throughout the day, with the United States emerging as the key source of support. At the same […]
Bitcoin on-chain activity has been on the rise for the past week. It has seen transactions grow more than 70% in the same time span. Despite all of these though, bitcoin fees have continued to remain low. This has persisted through a steady rise in average transactions per block and the number of transactions per […]
A small rise in the bitcoin price is giving enthusiasts new hope. While the rise only constitutes about two dollars, the long-running theme of a bullish trend in the bitcoin market appears to be coming true. Bitcoin Price: A Long History of Deflation and Volatility, But That’s a Good Thing. One source writes: “Price has been pretty volatile over the last few days, and with this volatility has come plenty of opportunities to get in and out of the markets according to our intraday strategy. Overnight last night, however, things settled down a little… We saw a spike a little earlier today,....
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....