Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave. Ethereum remained in a bearish zone and extended losses below $1,500. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave unless there is a clear move below the $1,400… Source link

  Bitcoin declined 3% and traded below USD 21,500. Ethereum declined below USD 1,450, XRP is approaching the USD 0.32 support. ADA and SOL are down almost 5%. Bitcoin price extended losses below the USD 22,500 level and declined below USD 21,500. It is currently (03:58 UTC) trading just below USD 21,200 and is down over 3% in a day and 5% in a week. Similarly, most major altcoins are moving lower. ETH traded below the USD 1,450… Source link

These three terms are similar, but different. Here’s how a ticker symbol, a cryptocurrency, and a blockchain network all relate to each other. When jumping into the world of crypto there are three basic terms that are used when referring to a blockchain and its native cryptocurrency, and for the Ethereum blockchain these terms are “Ethereum“, “ether“, and “ETH“. While directly related to each other, there are subtle differences between… Source link

Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc. filed its second-quarter report with the U.S. Securities and Exchange Commission (SEC) Monday. The company explained that it converted about 75% of its bitcoin holdings into fiat currency, as… Source link

Ethereum had been one of the largest winners of the rally that rocked the crypto market last week. The network had seen a boost when one of the developers of Ethereum announced that the upcoming Merge would likely happen sometime in September. It triggered a ripple effect that spread to the other digital assets in the space. But it seems Ethereum investors are nowhere close to being done, given the on-chain metrics from the last week. Exchange Outflows Ramp Up In the last week, large and… Source link

However, it should be noted that in July, daily trading volume for BTC has surpassed its average 20-period volume on just nine days out of 25. In our view, there does not appear to be significant conviction among long or short traders at the moment. We expect that BTC prices will continue to be range-bound in the short term, with short-term support at $20,500 and resistance at approximately $23K. Source link

Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals.  BTC’s price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000. BTC/USD daily price chart. Source: TradingView The recovery seems modest, however, and carries bearish continuation risks due to prevailing macroeconomic headwinds (rate hike, inflation, etc.) and the collapse of… Source link

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Monday. The coin is down 0.38% to $0.4410057913 while the broader crypto market is down 3.69%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

The Litecoin price analysis shows that the cryptocurrency has gone through a bearish momentum in the latest price chart. The bearish side has already been successful in halting the upwards price movement, and the last hours have seen a major decline in the price value. The price has lowered to the level of $56.6, causing a reversal in the uptrend that followed earlier yesterday. As the price is slipping downwards now, further reduction in price can be expected as well. However, support is… Source link

Ethereum price remains in a bullish consolidation. ETH price has breached a new monthly high at $1630. Invalidation of the uptrend is a breach below $1270. Ethereum price has bullish cues, but finding an entry will be the most challenging aspect for traders. Ethereum price points higher with contingencies Ethereum price currently consolidates at around $1515. A bearish divergence was spotted on Friday, June 22, which prompted reasonable concern. Throughout the… Source link