Ethereum is Beginning to Look “Perfect” as Sellers Show Signs of Exhaustion
Ethereum and the entire cryptocurrency market have seen some tempered gains throughout the past few days The selling pressure brought about by Bitcoin’s recent break below $18,000 has dissipated as bulls take back control of the cryptocurrency Where ETH trends in the mid-term should depend largely on BTC, as the benchmark crypto has been in full control of the entire market One trader is now noting that Ethereum is looking poised to see some major […]
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Ethereum has been flashing some signs of strength throughout the past few days, with bulls being in full control of its price action as they aim at pushing the cryptocurrency above the key $600 level. This price has long been a pivotal level for the crypto, with each break above its proving to be highly […]
As Ethereum (ETH) continues to hover around the $2,500 mark, signs of market exhaustion are beginning to emerge. Analysts suggest the second-largest cryptocurrency by market cap could face a short-term pullback before attempting to break through higher resistance levels. Ethereum Showing Signs Of Overheating According to a CryptoQuant Quicktake post by contributor ShayanMarkets, ETH is beginning to show signs of an overheated rally. The analyst shared the following chart illustrating ETH’s total trading volume across various crypto exchanges. In this chart, each bubble’s size....
Binance Coin and exchange tokens are popping as bitcoin's rally shows signs of temporary exhaustion and Ethereum gets snared in blockchain split.
Bitcoin surged 20% from $30,500, but its overall rally is beginning to show signs of weakness. The price of Bitcoin (BTC) rose 20% on Jan. 12, from $30,500 to around $36,600, across major exchanges. But while the rebound after the correction has been strong, there are two warning signs.BTC/USDT 1-hour price chart (Binance). Source: TradingView.comFirst, the funding rate in the futures market remains high. The funding rate is a mechanism that incentivizes the minority of the market. For example, if there are fewer short-sellers in the market, then buyers have to pay short-sellers a fee....
Ethereum has recently started to break higher against Bitcoin. ETH is up around 15% against BTC over the past week. Its rally has shown analysts that there may be a time for altcoins to rally in the coming weeks or months. Key technical signs show that Ethereum will continue to rally against Bitcoin. Ethereum Is Poised to Break Higher Against Bitcoin, Key Technicals Show Ethereum has recently started to break higher against Bitcoin. Prior to […]