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Ethereum’s Uptrend Stops At $1,679 And Drops

Jan 27, 2023 at 13:34 // Price The Ethereum price (ETH) is currently trading below the $1,600 resistance level after...

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Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout – Market Updates Bitcoin News

Ethereum was within the crimson on Tuesday, as bears reentered the market following a failed breakout of a key resistance degree. Costs did not...

Shiba Inu Facing Tough Hurdles For Weeks – How Could SHIB Overcome These?

Shiba Inu (SHIB) momentarily moved out of its bearish streak that’s been going for the past few weeks on October 25 when the crypto...

Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours

Cardano (ADA), over the last seven days, managed to grow by 16% as it rallied together with majority of its fellow altcoins during this...

Ethereum Price Registers Gains, Is This A Rebound?

Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the market. Technical indicators of the altcoin have pointed towards bullish signals. However, it is too soon to say if the bulls will remain on the chart over the next trading sessions. Bitcoin price also logged minor gains, which have turned certain altcoins green over the last 24 hours. In the last week, Ethereum price appreciated by 4%. This indicated that most of the gains made by the altcoin were registered over the last day. The crucial price mark for the altcoin remains at $1,400. If the bulls can maintain their momentum, the altcoin could break through the $1,400 barrier in the coming trading sessions. Buying strength has seen a considerable increase as ETH moved north over the last 24 hours. Ethereum Price Analysis: One-Day Chart ETH was trading at $1,380 at the time of writing. The coin has finally moved upwards after a phase of consolidation. The bulls could push past the $1,400 level over the next trading session if they hold the momentum. The bulls will gain further control if that level is crossed. The other resistance mark for the coin stands at $1,500. A move above the $1,500 level could propel the price of Ethereum to $1,680. On the other hand, a small drop in price will bring Ethereum to $1,340 and then to $1,268. The amount of Ethereum traded in the last session increased, signifying bullish price action. Technical Analysis The altcoin’s northbound movement brought buyers back into the market. The technical indicators had signalled that the bulls had re-surfaced along with the buyers. The Relative Strength Index zoomed above the half-line in an indication that buyers have outnumbered sellers in the market. Ethereum price was above the 20-SMA, which meant that demand for the altcoin had increased and that buyers were driving the price momentum in the market. Related Reading: Ethereum Price Bulls Keeps Pushing, Why Rally Is Round The Corner The other technical indicators were also in accordance with the buyers. Ethereum had depicted buy signal on the one-day chart. Moving Average Convergence Divergence indicates the price momentum and the overall price direction of the asset. The MACD continued to display green signal bars above the half-line, which meant that there were buy signal for the crypto. Bollinger Bands measure the price volatility and the chance of price fluctuation. The bands were super constricted and this reading is often associated with explosive price action. Related Reading: Ethereum Price Will Rally If This Happens; What Could That Possibly Be? Featured Image From UnSplash, Charts From TradingView

Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre

Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica. The 16th...

Chainlink (LINK) Makes Top 10 List Of Most Purchased Tokens In Last 24 Hours

Chainlink (LINK) managed to trim its week-to-date losses after going down by as much as 10% following massive altcoin price correction a couple of...

Terra Coin Price Balloons 30% – But Can LUNA Reach Higher Terrain?

Terra (LUNA) woke up to a good day on Wednesday as the token made an impressive 30% jump in its price on the way...

Billionaire Paul Tudor Jones: Bitcoin and Ethereum Prices Could Rise Amid Inflation

Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy...

Ethereum Marks Highest Growth Day In 2022, Will ETH Price Follow?

All eyes have been on the Ethereum network since it moved from a Proof of Work (PoW) to a proof of Stake (PoS) mechanism....

Solana Shines In Trending Searches In Last 7 Days – But SOL Price A Different Story

Solana is not lacking in positive news for its investors and crypto holders as it tries to bounce back from its lackluster performance last...

How This Crypto Pulled Off A Surprise 60% Rally In This Area – Find Out Here

Crypto assets have different utilities, but at the end of the day, their performance will be evaluated by their trading price, volume and total...

XRP Gets 60% Boost In Last 30 Days – Ripple Win Vs. SEC Seen To Lift Price Higher

XRP is in a wait-and-see position as it braces for the conclusion of a lawsuit filed by the U.S. Securities and Exchange Commission against...

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