Ethereum Surges Against Bitcoin as Bulls Try to Spark Price Discovery
Ethereum has seen some immense turbulence throughout the past few days and weeks, with buyers and sellers both vying to gain control of its price action The cryptocurrency has been unable to gain any clear trend, with buyers keeping it stable between $1,200 and $1,400, while sellers continue guarding its all-time highs It has now […]
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Ethereum appears to be entering price discovery mode, with bulls taking full control of its price action as they sent the crypto flying It set fresh all-time highs overnight and is currently consolidating below the $1,600 resistance level that many analysts have been watching A break above here could confirm that it is currently in price discovery mode and allow for significantly further upside in the days and weeks ahead One trader is now highlighting […]
Over the weekend, the Ethereum price broke above $4,900 to mark a brand-new all-time high after a choppy four years. Naturally, this has resulted in heightened volatility strengthened by both buying and sell-offs, as investors tend to take profit during levels like this. The next step is for Ethereum to step into price discovery as […]
Ethereum and the altcoin market are stagnating against Bitcoin with the ETH/BTC pair being the key to the next altseason. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has been lagging behind Bitcoin (BTC). Historically, when BTC surges, altcoins tend to rally with larger upside price movements.This time, Bitcoin has been clearly outperforming the altcoin market, particularly in December. BTC market cap dominance has recently risen to a one-year high of around 70%, largely due to the big sell-off in XRP in the past week. BTC/USD vs. ETH/BTC (yellow), LTC/BTC (orange),....
Ethereum rallied further towards $2,250 before it faced sellers against the US Dollar. ETH price is correcting lower, but the bulls are likely to remain active near $2,000. Ethereum started a downside correction after it tested the $2,250 resistance zone. The price is still well above $2,000 and the 100 hourly simple moving average. There […]
Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the […]