Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators. ETH price rising wedge First, Ether appears to have been breaking out of “rising wedge,” a bearish reversal pattern that emerges when the price trends upward… Source link

On a longer-term basis, ALGO, Avalanche’s AVAX, Cosmos’ ATOM and SOL are all weakening and heading toward the “lagging” quadrant, where Cardano’s ASA is now. Polkadot’s DOT, which is the only one currently leading ether, is only barely doing so and appears ready to fall into the “weakening” quadrant. Source link

ETH briefly dipped below $4,000 as bulls are struggling to maintain the key price over the past few days. Key Support levels: $4000, $3850 Key Resistance levels: $4566, $4868 (ATH) ETH was rejected by the $4,566 resistance level on Thursday and was quickly pushed down by the bears towards the key support at $4,000. On December 10, ETH’s price slipped below this key support, however, the bulls were able to get the price back above the level the day after. At the time of… Source link

Many investors are weighing their options in the cryptocurrency market these days. The two biggest names in the sector draw more attention and analysis than most. We asked two of our cryptocurrency writers to determine whether Bitcoin ( BTC -0.40% ) and Ethereum ( ETH -1.17% ) would be the better choice for an individual investor today. Read on to see the pros and cons of picking one of these household names over the other. Image source: Getty Images. Bigger is just better this… Source link

Over time, the interest in cryptocurrencies has grown considerably. While bitcoin is the largest cryptocurrency on the market, investing in it at the moment is not the most viable option for many people due to its high value and potential for profit. Although it is clear that bitcoin can continue to grow, entering the market with such a large investment is not the objective of many investors, which is why they constantly consider the possibility of making investments in… Source link

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Bitcoin’s Day Prior Moves Bitcoin, BTC to USD, rose by 4.73% on Saturday. Reversing a 0.82% loss from Friday, Bitcoin ended the day at $49,426. A mixed start to the day saw Bitcoin fall to an early morning intraday low $46,872 before… Source link

Ethereum ( ETH 3.61% ) has had a phenomenal year, with its price soaring by nearly 700% over the past 12 months. It’s also outpaced Bitcoin, which has “only” increased by around 177% over the past year. All that growth also results in a higher price, however. Ethereum is one of the most expensive cryptocurrencies out there, currently priced at more than $4,100 per token. It also reached an all-time high of over $4,800 per token last month, and now it’s back on an upward swing… Source link

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Bitcoin’s (BTC) Day Prior Moves Bitcoin, BTC to USD, fell by 0.82% on Friday. Following a 5.73% slide on Thursday, Bitcoin ended the day at $47,208. After a mixed start to the day, Bitcoin rose to an early afternoon intraday high… Source link

This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Ethereum (ETH) Ethereum (ETH) fell by 4.99% on Friday. Following a 7.54% slide on Thursday, Ethereum ended the day at $3,901. After a mixed start to the day, Ethereum rose to an early afternoon intraday high $4,232 before hitting reverse. Falling short of the first major… Source link

Litecoin price falls and holds below the 2021 Volume Point Of Control. Zero support with the Ichimoku Kinko Hyo system exists. Significant downside movement ahead if buyers fail to support Litecoin. Litecoin price faces a bearish trading environment across two of its primary Ichimoku charts. Furthermore, a total lack of support indicates that Litecoin has little preventing a lower freefall. Litecoin price faces capitulation conditions as bears wait to pile in on… Source link