Ethereum vs. Bitcoin: Do or die as Ether price drops to a critical level agai...
Ether price weakness in its Bitcoin pair is bad news for altcoins if ETH doesn't bounce soon. It's been all about Bitcoin (BTC) in recent months with altcoins suffering as a result and BTC dominance reaching a new local high of 67.5% over the past few days.However, a reversal typically occurs once altcoins start to show such major weakness and altcoin traders are in depression. The leading indicator for such a U-turn is Ether (ETH), which is now in a do or die position against its BTC pair. New higher high for ETH in first uptrend since bear marketETH/USD 1-week chart. Source:....
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The eerie deja vu scenario can see Ethereum hit $13,000 within six months if history repeats. Bids for Ethereum's native token Ether (ETH) could rise to $13,000 in the next two months if history repeats.So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again in 2021 as Ether trades above $3,350 after rallying over 360% year-to-date.The 2017 Ethereum fractal, explainedIn detail, the four technical indicators are Stochastic RSI, Relative....
The ETH/BTC pair is showing signs of bottoming, but further consolidation should not be ruled out. Bitcoin’s (BTC) price has been broken past a major resistance level of $52,000 in the past few days and is approaching the all-time high region. However, other cryptocurrencies are rallying heavily as well. In the recent months, the market has seen massive surges for Cardano's Ada, Polkadot's DOT and Cosmos' Atom.These altcoins have been seeing impressive gains as Ether (ETH) faces scalability issues and high network fees. This is resulting in negative sentiment on social media, where some....
A new crypto project aiming to mint tokens from burning Ether is behind Ethereum’s deflationary turn. Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors.From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts since June 2022, as shown below.ETH/USD weekly price chart. Source: TradingViewIn other words, traders have shown interest in buying Ethereum tokens near this....
Ethereum has been struggling to garner any technical strength in the time following its dip below $380 This is a critical level that has determined its trends in the past, and the break below it is quite bearish Where the entire market trends next will likely depend on Bitcoin, but any near-term BTC downside could force ETH below a critical support level It is currently trading just a hair above this level, and one analyst […]
The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction. Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4,....