Ethereum (ETH) incurred a significant amount of momentum yesterday that allowed it to fly past the $200 level, with this momentum extending significantly as the crypto continues climbing higher today.
This “bullish wave” may not slow down anytime soon, as ETH is still trading relatively far below its next key resistance level.
If this ongoing rally extends further, the crypto could soon also form an incredibly bullish technical formation that leads its ongoing rally to turn into an explosive parabolic movement.
Ethereum Continues Climbing Higher as it Forms a “Bullish Wave”
At the time of writing, Ethereum is trading up over 7% at its current price of just under $212, which marks a notable climb from daily lows of roughly $195 that were set around this time yesterday.
While looking at ETH’s weekly price action, it becomes crystal clear as to just how bullish the cryptocurrency has been in recent times, with it putting a significant amount of distance from lows of $176 that were set last Friday.
This firm uptrend has largely been catalyzed by the bullishness incurred by Bitcoin, which is currently in the process of pushing up against the key resistance it has at $10,000.
Crypto Rand, a prominent cryptocurrency analyst on Twitter, explained in a recent tweet that predicting today’s extension of yesterday’s momentum was easy after ETH broke above $200, adding that the “bullish wave” has started.
“ETH | That was easy, +12% already. Bullish wave started,” he explained.
$ETH | That was easy, +12% already. Bullish wave started. pic.twitter.com/obHHlWjgCK
— Crypto Rand (@crypto_rand) February 6, 2020
ETH Could Soon Form an Incredibly Bullish Technical Formation
While looking at the chart Crypto Rand references above, it does appear that the cryptocurrency’s next key resistance level exists around $240, which means that Ethereum may continue rallying up towards this price before it finds any notable resistance.
Another potential factor that should be carefully considered in the near-term is that ETH could soon form a bullish golden cross.
Josh Olszewicz, another prominent analyst, spoke about this in a recent post, explaining that all of ETH’s recent momentum has come about in the absence of a golden cross, signaling that when this event happens, the crypto could see significantly further upside.
“ETH hasn’t even Golden Crossed yet,” he stated.
$ETH hasnt even Golden Crossed yet pic.twitter.com/YejQVw6T8F
— Josh Olszewicz (@CarpeNoctom) February 6, 2020
It is highly probable that Ethereum’s ongoing bull run is somewhat dependent on Bitcoin remaining firmly in the control of buyers, but technical events like a potential golden cross could break this correlation and lead to massive independent gains.
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As Ethereum (ETH) edges closer to the psychological price of $2000, the second-largest cryptocurrency based on market cap continues to enjoy notable momentum.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
The lower timeframe momentum and structureThe post Ethereum [ETH] could stumble near $2000 despite bullish momentum, here's why appeared first on AMBCrypto.
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.
Following the third major crypto-market dump in only three days, with TRON TRX at the helm cryptocurrencies are regaining prices returning to, at least for now, their previous positions. Third Dump in Three Days, Crypto Markets Drop Another 4% Source: coinmarketcap While partly shadowed by the great three ETH, BTC and XRP, Tron’s team is […]
The post TRON (TRX) Leads the Green Recovery Momentum Together with EOS and ETH appeared first on Ethereum World News.
It has been brewing for some time now, but there is finally some positive cryptocurrency market momentum to take note of. Such an uptrend might not last long this time around either, thus one has to enjoy it while it does.
As the bearish pressure remains prevalent in the cryptocurrency industry, this new week isn’t off to the best of starts. All top markets are still deep in the red, although the XRP price continues to note smaller deficits compared to both Bitcoin and Ethereum.
The cryptocurrency markets have produced a slight retracement in response to bitcoin core (BTC) testing a long-term descending trendline dating back to December 2017’s record highs. The dip has seen bitcoin cash (BCH) slip back below $150, and BTC fail to hold above $4,000.
The Tron cryptocurrency clearly has the momentum in the crypto markets as we complete the second week of 2019. Only days ago, TRX edged out Bitcoin SV (BSV) from the number 9 spot on coinmarketcap.
Shortly after detecting a deep chain reorganization of the Ethereum Classic blockchain (ETC) on January 8, 2019, cryptocurrency exchange platform Coinbase Tweeted that it has stopped all transactions related to the cryptocurrency.
After enjoying a rather positive wave of momentum it seems the Ethereum price action is stuck in sideways momentum again. Despite a minor gain in USD value, the losses in ETH/BTC are piling up fairly quickly.
Crypto’s 2019 arguably started with a bang, which was in stark contrast to the holiday season’s lull. The Bitcoin Network, for one, turned ten years old, just as a number of bullish development blessed crypto startups.
Ethereum has had a bullish start to 2018. It has reclaimed its position as the largest altcoin by market cap after outperforming and overtaking Ripple’s XRP. Price action has been trading in a steep uptrend.
Key Highlights ETH price climbed higher sharply and broke the $150 resistance area against the US Dollar. There is a short term bullish flag pattern formed with support at $150 on the hourly chart of ETH/USD (data feed via Kraken).
The Bitcoin price was able to gain some momentum. In the meantime, Ethereum or the Ether token overtook Ripple and its XRP token and climbed back to second place among the crypto currencies with the highest market capitalization.
FOMO Moments Crypto markets moving upwards today; Ethereum and Monero making momentum, XRP flipped to third. A minor recovery has occurred as 2019 gets underway. Markets are up a little on yesterday’s levels as total capitalization approaches $130 billion again.
Ethereum’s price has surged in the past week, allowing the cryptocurrency to close its gap with its close rival, XRP. Going into 2019, it’s possible that Ethereum will regain its dominant position as number two by market capitalization.
FOMO Moments Crypto markets retreat after yesterday’s gains; Bitcoin Cash sliding back, Ethereum holding ground. Another day, another pullback. Yesterday’s big $10 billion pump could not be sustained and markets have retreated again this Sunday.
Supply levels: $131, $146, $164 Demand levels: $109, $94, $82 ETH/USD Medium-term Trend: Bearish The trend on the medium-term outlook turned bearish. The bullish momentum on the ETH market was clearly noticed last week on the 4-Hour chart as the ETH price was making higher highs movement.
Litecoin price is gaining bullish momentum above $35. 00. LTC is likely to extend gains towards the $40. 00 and $42. 00 resistance levels in the near term. Key Talking Points Litecoin price is trading with a bullish bias above the $35.
Ethereum bulls will be smiling today as the price threatens to scale the 50-day exponential moving average (50EMA) for the first time since rejection on 6 November. ETH last traded above the 50EMA on the 1-day chart in May.
When all cryptocurrencies go in the green on a Sunday morning, it almost seems as if something is amiss. Such a sight is very unusual in this industry, regardless of what the overall momentum has shown throughout the week.
Ethereum is the top performing major cryptocurrency over the past 24 hours with an over 17% increase over the past 24 hours. This comes amid the first bullish week for the cryptocurrency market since mid-November.
The weekend usually offers some rather inverse cryptocurrency market momentum. Whereas last week was mainly about currencies gaining value, the weekend looks a bit bleak in this regard. One interesting market trend comes in the form of Ethereum.
There is still a lot of uneasy momentum across the cryptocurrency industry. Although most top coins are in the green following a bit of an odd weekend, the short-term price predictions are still all over the place.
Supply levels: $121, $131, $151 Demand levels: $109, $98, $82 ETH/USD Medium-term Trend: Bullish On the medium-term outlook, ETH/USD is in an uptrend. ETH bottomed at $82 demand level on December 15 due to bears’ momentum.
When it comes to Ethereum, the future price momentum remains in question. After hitting an all-time high of over $1,200 in 2017, the value has plummeted to the double-digit range one year later. This usually doesn’t bode well for any asset or cryptocurrency in the long run, although Ethereum might be one of the more […]
The post Ethereum Price Seems Bound to Retrace to $90 or Lower appeared first on NullTX.
Ripple recently broke above a descending trend line hinting that a reversal from the slide may be in order. Price has since gained momentum on this upside move as it also busted through a consolidation pattern.
Crypto markets are showing mercy on us this weekend. Bitcoin, XRP and Ethereum price is in the green today, up 1. 11%, 1. 10% and 2. 81% respectively. In other good news, it looks like Litecoin and BitcoinSV are showing some bullish momentum, both cryptocurrencies are up 8% in the past 24 hours.
Momentum in Physics is defined as the product of the mass of a body and its speed. The momentum of a body on earth cannot continue being constant as their are other forces impeding motion (friction, air resistance, etc).
It is always difficult to make sense of the current cryptocurrency market momentum. A lot of things can go wrong in quick succession when not taking the necessary precautions, although the markets also seem to follow their own path right now.
It has become more than apparent the current cryptocurrency price momentum is not doing too many people any favors. With Bitcoin getting battered, things start to look progressively worse for Ethereum as well.
Bitcoin broke below its falling wedge consolidation pattern to signal that bearish momentum is picking up. However, price seems to be stalling at the $3,300 level so a pullback to the broken areas of interest may be in order.
Once the world’s second largest cryptocurrency, now sitting on the third spot, right behind a perceived threat and rival Ripple XRP. For the first time this year, Ethereum has lost its momentum and moved below the $100 mark and is now dangling at a trading price of $97 as of this writing.
Litecoin price topped near the $37. 00 level and declined recently against the US Dollar. LTC/USD remains in a significant downtrend and it could even trade below $26. 00. Key Talking Points Litecoin price recovery failed to gain momentum above $36.
As the cryptocurrency markets remain subject to uneasy market momentum, it is becoming increasingly difficult to note positive trend. As has been the case for some time now, the XRP price continues to maintain a very stable level.
Ethereum had seen a significant price decline totaling over 56% from high to low during November 2018, creating fresh…
The post Ethereum Price Analysis: Bulls Continue to Defend ETH Price Above $100 — Can the Momentum Shift in Their Favor in December? appeared first on Invest In Blockchain.
Majority of cryptocurrencies today saw red. In the top-twenty altcoins bracket, most are shaky, perhaps owing to attempts at market correction after the tumultuous Bitcoin cash Hard fork that saw a bearish momentum engulf all major cryptos.
It seems as if though the cryptocurrency market just can’t catch a break right now. Following some bullish momentum that saw the price of Bitcoin scale up above the $4,300 mark, the market at large has once again dipped, causing BTC to float just above the $4,000 threshold.
It is evident today’s cryptocurrency market momentum may not necessarily yield the results people have been hoping for. Most top markets remain in the red, primarily because they rely on Bitcoin’s momentum first and foremost.
Supply levels: $124, $139, $151 Demand levels: $113, $102, $91 ETH/USD Medium-term Trend: Ranging On the medium-term outlook, ETH/USD is ranging. There was a bullish momentum from the bottomed price level of $102 towards the supply level of $124 which serves as the last part to complete the “double bottom” pattern formed on the 4-Hour […]
The post Ethereum Price Analysis | November 30, 2018 appeared first on ZyCrypto.
Litecoin price traded higher and recovered above $34. 00 and $35. 00 against the US Dollar. LTC/USD is gaining pace and it seems like it could climb above $36. 00 and $38. 00. Key Talking Points Litecoin price recovered nicely and broke the $35.
Ethereum was previously trending lower inside a descending channel but has recently busted through the top to signal that a reversal is underway. Price has also moved past the 100 SMA dynamic inflection point to indicate that bullish momentum is picking up.
Bitcoin chalked up yet another day of major losses as bearish momentum gained traction after the wedge and triangle breakdown. Price might be aiming for the bottom of the long-term descending channel from here.
Supply levels: $140, $166, $190 Demand levels: $126, $106, $88 ETH/USD Medium-term Trend: Bearish On the 4-Hour chart, ETH is on the bearish trend. Ethereum broke out of the consolidation phase yesterday as the Bulls lost the pressure to push up the price and the bears gained momentum and pull the price down to the […]
The post Ethereum Price Analysis: ETH Might Soon Be Heading for a Quick Rebound appeared first on ZyCrypto.
The last few days have been messy for the crypto market, but it’s been a pretty rosy period for the Bitcoin Lightning Network. This development might contradict some people’s views that Bitcoin may be losing its momentum in the campaign for mass adoption.
Bitcoin has been, and will continue to be for the foreseeable future, the cryptocurrency that has the highest market cap, considering that it is billions of dollars ahead of its fellow assets. However, XRP and Ethereum seem to constantly be in a battle for the second spot. Ethereum is usually victor, but XRP is presently […]
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Ethereum Price Analysis: ETH/USD Trends of November 13–19, 2018
Should the bulls gain enough momentum and break up the supply level of $227, Ethereum price will rally to the north and may have the supply level of $257 as its target.
Ripple found support at the area of interest previously marked and looks ready to aim for the upside targets marked by the Fib extension tool. The 38. 2% level is just close by and in line with the mid-channel area of interest.
The crypto market continued doing well on Thursday as demand from retail investors rose. Many of these investors are simply buying the dip after these coins crashed by double digits from their highest levels in November last year.
Celo has finalized migration from a standalone L1 platform to an Ethereum L2 blockchain. The transition represents a key landmark in Celo’s evolution, improving interoperability, security, and the entire ecosystem while ensuring sustainability and accessibility.
The cryptocurrency market managed to extend its gains on Wednesday, with Bitcoin (BTC) holding above $87,000. Solana (SOL) and XRP also showed some recovery. Reports that the White House is considering a more moderate stance on tariffs have eased concerns over potential economic disruptions, providing support to the market’s upward momentum. The global cryptocurrency market […]
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