Ethereum has been closely tracking Bitcoin’s price action over the past several days, which has led it to incur heightened volatility that has generally favored ETH’s buyers. The crypto has now been able to reclaim its position within the $140 region, which comes after its bulls defended a key support region.
Analysts are now noting that the strong defense of this support region could mean that the cryptocurrency is poised for a significant upwards swing that could lead it to surge 25% or more, although all eyes are closely watching to see where Bitcoin goes next.
Ethereum Breaks Back Into $140 Region as Analysts Watch to See Where Bitcoin Goes Next
At the time of writing, Ethereum is trading up over 2% at its current price of $144, which marks a significant climb from its recent lows of $134 that were set a couple of days ago when Bitcoin visited its key support region at $7,700.
It does appear that ETH’s current critical support exists at $135, as this is around where it has found significant buying pressure following its recent rally, and resistance prior to the uptrend.
In the near-term, how major altcoins like Ethereum trend will likely depend primarily on where Bitcoin goes next, as most cryptocurrencies have formed a close correlation with BTC as of late.
“Large Cap USD Pairs: Many large-cap coins are hitting key resistance on their USD pairs. $BTC, $ETH, and $LTC are all shown here. Considering they are generally underperforming on $BTC pairs, it would take a major Bitcoin move up to break out here. Not particularly encouraging,” The Wolf of All Streets, a popular cryptocurrency analyst on Twitter, explained.
Large Cap USD Pairs
Many large-cap coins are hitting key resistance on their USD pairs. $BTC, $ETH, and $LTC are all shown here. Considering they are generally underperforming on $BTC pairs, it would take a major Bitcoin move up to break out here. Not particularly encouraging. pic.twitter.com/Ogh0eMj4pU
— The Wolf Of All Streets (@scottmelker) January 9, 2020
Will ETH’s Bounce at Support Lead It to Climb to $180 Next?
Ethereum’s ability to post a strong bounce at its recent lows within the $130 points to the possibility that the cryptocurrency will soon see significantly further gains.
Livercoin, another popular crypto analyst, noted in a tweet that ETH’s next key resistance exists at roughly $180, which could mean that’s how far this recent rally will extend before BTC meets insurmountable resistance.
“Decent S/R flip on $ETH against dollar…wouldn’t short that,” he said.
decent S/R flip on $ETH against dolla
wouldn't short that pic.twitter.com/UDYyXBtQey
— Livercoin (@livercoin) January 10, 2020
If ETH does visit this level and bulls are able to decisively break above it, then it could continue climbing until it reaches $280, which is the next key level Livercoin is watching for.
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Ethereum’s price has remained stagnant as the cryptocurrency trades at the lower end of its key resistance region between $380 and $400 The cryptocurrency has been unable to garner any sustainable buying pressure as it trades around this price region It does appear that ETH is waiting for guidance from Bitcoin before it makes a big move, and BTC is currently caught within a consolidation phase as it struggles to surmount the lower-$11,000 region One […]
Ethereum has had a great week, as it has been able to post consistent gains that have allowed ETH to claim a stable position within the $140 region. Despite this, it has been woefully underperforming Bitcoin over the past 24-hours, and it is unclear whether it will soon begin a descent as investors transfer capital... The post appeared first on NewsBTC.
Ethereum and most major altcoins have incurred significant upwards momentum over the past day, which stems from Bitcoin’s notable surge from lows of $6,800 to highs of $7,400. ETH, which is slightly underperforming BTC, has been able to reclaim its positive within the $130 region, and is showing growing signs of bullishness.
Despite the lackluster price action seen by Bitcoin over the past several days, Ethereum (ETH) has been able to climb back above its previous resistance level at $130 and find some decent buying pressure at this price region, which has come about after an extended period of trading sideways just above its key support level... The post appeared first on NewsBTC.
Ethereum and most major altcoins have been closely tracking Bitcoin’s price action as of late, and the aggregated market has been unable to find any decisive momentum over the past few weeks. This lack of momentum has caused ETH to hover around the $150 region as bulls and bears remain deadlocked.
Bitcoin’s recent bout of heightened volatility has spilled over into the aggregated crypto markets, leading major altcoins like Ethereum (ETH) to similarly incur choppy trading that is uncharacteristic of the price action that has been seen over the past month.
Ethereum has been closely mirroring Bitcoin’s price action over the past several days and weeks, which led ETH to plummet in a capitulatory fashion yesterday evening before posting a strong bounce overnight that allowed it to reclaim its position within the $140 region.
Bitcoin’s recent drop to the low-$8,000 has sent bearishness echoing across the aggregated market, leading major altcoins like Ethereum to post relatively large losses. ETH, which was testing an upwards break above $190 prior to BTC’s drop, is now trading below a key support level.
All eyes may be on Bitcoin (BTC), but it may be time to pay Ethereum (ETH) some heed. As the largest cryptocurrency has stagnated over the past number of weeks, ETH has somehow held strong, resulting in the ETH/BTC pair actually rallying higher for once.
Ethereum’s price action has been closely tracking that of Bitcoin over the past several days and weeks, which has allowed ETH to climb slightly today as it begins consolidating within the mid-$180 region.
Ethereum’s price action has been closely mirroring that of Bitcoin’s in recent times, which has made it prone to seeing heightened levels of selling pressure in spite of ETH’s multiple recent attempts to break above its long-established resistance level at $190.
Ethereum’s price action has been closely tracking that of Bitcoin’s in recent times, which has led it to experience some bearishness overnight as the crypto now nears the lower-$180 region – a consistent level of support for ETH.
Ethereum has been stuck below its near-term resistance level at $190 for the past several weeks, and both ETH’s bulls and bears have been deadlocked as they hold the cryptocurrency steady within the mid-$180 region.
F2Pool, a leading Bitcoin, Ethereum and cryptocurrency mining pool, announced today that it has launched a new BTC mining pool server in Moscow. The goal of the new location is to better serve the needs of F2Pool’s growing customer base in the region.
F2Pool, a leading Bitcoin, Ethereum and cryptocurrency mining pool, announced today that it has launched a new BTC mining pool server in Moscow. The goal of the new location is to better serve the needs of F2Pool’s growing customer base in the region.
Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700.
After a long period of trading sideways within the mid-$180 region, Ethereum (ETH) has now begun to incur significant upwards momentum that has pushed it up to $190, which is where it faces some notable resistance that could ultimately push its price lower in the near-term.
After facing some downwards pressure yesterday, Ethereum (ETH) has been able to post a decent climb today that has allowed it to further establish its current foothold within the mid-$180 region. This price action has been strikingly similar to that of Bitcoin, and it does appear that the two assets are strongly correlated at the.
Ethereum (ETH) has been caught in a bout of consolidation within the mid-$180 region, which has been largely guided by Bitcoin’s inability to garner any momentum that pushes it away from the lower-$9,000 region, which is where it has been trading for the past several days.
Canadian blockchain startup, Ledn, opens up Latin American cryptocurrency holders to DAI loans using their digital assets as collateral. According to a published post on Coindesk, the firm will start off by offering Bitcoin (BTC) backed loans in the Ethereum based DAI stablecoin in order to promote the use of crypto across the region. Get […]
Ethereum has extended its upwards momentum after briefly facing a bout of selling pressure yesterday that sent it reeling into the $160 region. Today, however, ETH has surged over 5% and is now nearing the $180 region.
After losing its foothold within the lower-$170 region, Ethereum’s recently incurred upwards momentum appears to have faltered, as ETH has now dropped below the $170 level as Bitcoin revisits its key near-term support level at $8,000.
Ethereum has been on a downward trend since mid-June this year, having entered from a region of relatively lower volatility to one that is much higher, touching lower highs as time passed. Since hitting the $220 mark earlier this month, the price has since fallen and ETH has failed to cross its $240 yearly peak […]
Ethereum (ETH) has posted a strong bounce from its recent lows and has not yet faced any notable rejection after climbing from these lows. This slight upwards momentum has come about as Bitcoin finds increasing stability around the $8,000 region.
After facing a significant amount of selling pressure over the past several days, Ethereum (ETH) has been able to post a decent bounce from its recent lows and appears to have established a notable support level around the $160 region.
Bitcoin’s price action has grown stagnate in the lower-$10,000 region over the past several days, which has proven to be a positive thing for multiple major altcoins, as they were able to post large gains yesterday with Ethereum leading the way.
Ethereum (ETH) surged today after the aggregated altcoin market responded bullishly to Bitcoin’s period of consolidation in the mid-$10,000 region. This upwards momentum has sent it up towards $185, which has previously been a strong level of support for the cryptocurrency.
Ethereum faced a massive slump on 14th August; the virtual asset witnessed a major drop of over 13 percent at that time of period which took ETH’s valuation below $200 dollar for the first time in a month.
Investors were disappointed yesterday after Bitcoin faced a sharp and sudden rejection at $11,000, which signaled that the cryptocurrency was not ready to move higher and may have to visit a lower price region before.
The aggregated crypto markets are currently bathing in a sea of red after Bitcoin failed to find support in the $11,000 region and plummeted nearly 10% towards $10,000. This drop led most major altcoins, including Ethereum (ETH), to reel lower today, with many cryptocurrencies trading down over 10%.
After an extended period of consolidation, Bitcoin has failed to hold above its previously established support level at $11,000 and has now plunged into the $10,000 region. Today’s price plunge marks an extension of the.
Bitcoin and the aggregated crypto markets have been facing tremendous selling pressure over the past couple of days which was sparked by BTC’s rapid surge into the $13,000 region. Although this drop is certainly negative.
After incurring some bullish buying pressure yesterday, Bitcoin has failed to advance past $13,000 and is now nearing the lower-$12,000 region. Today’s drop created a bloodbath in the aggregated crypto markets, sending many altcoins reeling.
Ethereum and the aggregated crypto markets have incurred a decent amount of buying pressure today which coincided closely with Bitcoin’s rapid surge into the upper $11,000 price region. This price surge marks an extension of.
Bitcoin Now Bullish After Recovery Activates After entering the $9,700 region just the other day, Bitcoin (BTC) has bounced back. Hard. As of the time of writing this article, the leading cryptocurrency sits at $11,000.
Bitcoin and the aggregated crypto markets have been incurring notable volatility over the past several weeks, which has primarily been cause by Bitcoin’s recent parabolic surge towards $13,800, and subsequent drop into the $10,000 region.
Bitcoin investors who grew fearful after yesterday’s 20%+ drop were pleasantly surprised today after BTC continued its upwards momentum and climbed back into the $12,000 region. This surge signals that the crypto’s bulls are not.
Following Bitcoin’s explosive movement into the five-figure price region, investors and Bitcoin bulls have been ecstatically celebrating, and the market sentiment has altered significantly for the better.
Ethereum has benefited greatly from the recent crypto market surge that has led Bitcoin towards the critical $10,000 price level, and ETH is now holding above a key support level that will likely allow it to continue surging into the $300 price region in the near future.
Bitcoin is currently taking a breather just a hair below the key $10,000 region that likely marks a psychological price level of significant importance that could ultimately spark mass “fomo” that helps lead BTC back.
Ethereum and the entire crypto markets have descended downwards over the past several days, primarily due to the fact that Bitcoin has been unable to advance past the upper-$8,000 region, which has sparked a widespread sell-off that has had a fairly significant impact on most altcoins, including ETH.
Despite incurring some noteworthy selling pressure earlier this week, Ethereum has posted a decent recovery in the time since and is now tepidly advancing back towards the $270 region. One analyst is now noting that Ethereum is close to forming a bullish technical formation that has only been formed a small amount of times in.
Ethereum has been having quite a year for itself — with the premier altcoin currently resting around the $235 region after having hit a relative low of $86 just 6 months back. Statistical data shows that ETHs native GAS consumption has been on the rise this year, thereby signifying an increase in the development of […]
After surging towards $8,300 yesterday, Bitcoin has incurred increased selling pressure that has forced it to retreat back into the $7,000 region, putting its recently formed upwards momentum in jeopardy.
Bitcoin has been able to continue surging higher today and has now broken into the $6,000 region, which many analysts believe is a key region that the cryptocurrency must gain a solid footing within if.
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Crypto majors remain under pressure as fear remains the key emotion in the cryptocurrency space. However, enthusiasts appear optimistic of Bitcoin recovery based on its stability. At the same time, fresh projects with robust growth potential are gaining traction as meme lovers shift their focus from the meme tokens built on the concept of a […]
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