Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming?
Ethereum is currently consolidating below the $2,000 mark, trading within a narrow range between $1,800 and $1,900 as market uncertainty persists. Bulls have lost control, and speculation about a potential continuation of the bear trend is growing among analysts and investors. With macroeconomic instability, rising trade war fears, and erratic policy decisions from US President Trump, both crypto and U.S. stock markets remain highly volatile, adding to Ethereum’s struggles. Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target To highlight Ethereum’s fragile position, top....
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Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights Ethereum Breakout Eyes Key Resistance On Easter Sunday, the crypto market saw a positive end-of-week after jumping 4.2%. Bitcoin (BTC) closed the week above the $85,000 barrier for the first time this month,....
The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH). Dogecoin Price Eyes Rally Above $1 Following Breach Of Resistance Trendline In an […]
Bitcoin Price has made a breakout to the upside and, in doing so, has broken a long-term trendline that has defined decline for over a year. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 05h05 UTC. Bitstamp 4-Hour Chart. From xbt.social analysis, this morning: The breakout is significant, not only for showing that the market has chosen the upside, but because in the process a long-term trendline that has rejected advance for over a year has been broken. This confirms our analysis of a change of long-term....
Yearn.Finance (YFI) has stolen the attention away from most other DeFi tokens, Ethereum, and Bitcoin thanks to an amazing run where tens of thousands per coin in value were added. But the Ethereum-based ERC20 token has recently broken below and is now retesting the neckline of a massive head and shoulders pattern. If the altcoin […]
The token now grapples with a notorious multi-month resistance trendline. Internet Computer (ICP) has entered 2022 with a bang.The ICP price rose by over 56% in the first five days of the new year, reaching a 30-day high of $38 on Jan. 5. Its massive upside move accompanied a spike in trading volumes, underscoring a strong and healthy bullish sentiment for now.ICP/USD daily price chart. Source: TradingViewAt the center of ICP's recent price rally was a flurry of optimistic news. That includes Binance's decision this Tuesday to list a financial instrument that would enable traders to....