Ethereum (ETH) emerged as the best-performing cryptocurrency last week, with a 10 percent increase. Moreover, it was stated that the recently constructed ascending trendline for the cryptocurrency should boost ETH higher if market conditions were truly optimistic. The ETH price exhibited early signs of weakness as the decentralized smart contract token failed to soar over the steep trendline. On Tuesday, a new negative thesis predicted that the $1,122 level will be breached with objectives… Source link

Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator. Ethereum price risks technical breakdown The ETH/BTC chart has been forming a bear flag since early June 2022 on the three-day timeframe. In detail, bear flags are considered bearish continuation patterns that form as the price consolidates higher inside a range defined by two… Source link

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin has formed a range between $22.8k and $18.8k over the past month, with $21.8k also serving as a crucial resistance level. Monero has been able to grind its way higher over the past month, but the longer-term trend still favored the bears. In such a fearful market, a move above the $135 resistance level could be… Source link

In brief Stepn, a popular Web3 “move-to-earn” fitness game, has expanded a program to buy back and burn its GMT tokens. The game will also expand from Solana and BNB Chain to Ethereum. Stepn, a Web3 fitness game billed as a “move-to-earn” experience, is making some major moves of its own. The startup announced today it will use a portion of its Q2 profits to buy back and burn tokens, plus the firm recently revealed an expansion to the Ethereum blockchain. According to the company, it… Source link

Making wise investments in this bustling life is one of the most pivotal but challenging things you can do. After all, whatever you spend your time, energy, and money on, is bound to dictate the shape of your future prospects. Out of many aspects of finance, the cryptocurrency market seems to be one of the most pioneering options. In 2022, when there is a vast array of options at your fingertip, and if you are looking to add zest to the available options and… Source link

Ethereum once again failed to initiate a serious rally towards recovery and is found plunging towards the coveted $1,000 mark/ Technical Analysis By Grizzly The Daily Chart On the weekly timeframe, there are two main ascending lines since Ethereum first started trading on Binance in 2015. The yellow line acts as both support and resistance level, and the white line acted as support before the price drops below $1,500. The 200-week moving average line (in light blue) is also… Source link

Monero Classic receives a strong long-term technical score of 99 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMC currently holds a superior long-term technical… Source link

A breakdown – likely if the price finishes below the lower end of the flag at the end of a trading date – would imply that the broader downtrend is resuming, opening the doors for a retest of the recent low of $17,601. Below that, key support is seen at the psychological level of $15,000 and the June 2019 high of $13,880. Source link

Ethereum price has resumed its downward trend as the fear and greed index plunges back to the extreme fear zone. The ETH/USD pair crashed to 1,067, which is lower than the weekend high of 1,276. Its market cap has dropped to over $127 billion. At its peak, Ethereum had a market cap of over $600 billion. Key industries are struggling Ethereum is an important part of the decentralized industry. Its smart contract technology has been used to build some of the most important components of this… Source link