It has been 51 days since Ethereum dropped to a new yearly low of $1.1K, and since then, the price has been stuck in a consolidation range between $1.1K and $1.3K. This price action suggests that Ethereum is undergoing a phase of indecision, and the market is waiting for a…
Ethereum is currently facing significant resistance around the $1300-$1400 range, with the 100-day and 50-day moving averages standing at $1360 and $1320, respectively. These levels have effectively capped the price’s upward movement, leaving Ethereum in a phase of consolidation with low volatility. The static resistance level at $1300 has been…
XRP has shown signs of recovery after successfully recapturing the 200-day moving average (MA) line on the daily chart. This marks a positive psychological shift in market sentiment following a period of struggle since mid-November. The price action indicates that XRP could be entering a new phase of bullish momentum.…
Following the FTX downfall, a significant outflow of capital from the market occurred, with around $270 billion leaving the crypto space within four days. As a result, total market capitalization dropped to $830 billion on November 10, the same level it reached in January 2018. However, these outflows have now…
Bitcoin has struggled to produce any significant daily price movement in recent months, with the market currently experiencing a prolonged range phase and extremely low volatility. However, technical indicators suggest that Bitcoin may be on the cusp of a major move. Technical Analysis: Key Resistance and Support Levels The daily…
Ethereum Whales Add 14% to Their Holdings Amid Market Pressure Despite the bearish trends in the crypto market, which have affected major cryptocurrencies such as Ethereum, there are signs of accumulation from large investors. Ethereum addresses holding over one million ETH have collectively added 3.5 million more ETH, worth around…
Ethereum Struggles to Gain Momentum, $1,500 Resistance in Focus Ethereum has managed to stay above the $1,200 level despite increasing selling pressure, showing signs that the downward trend is weakening following the Merge. However, this does not imply that bullish momentum is yet in play. Technical Analysis: Key Support and…
Ethereum Experiences Outflows as Investors Stay Cautious Despite Positive Fundamentals Ethereum’s market continues to face challenges, with the asset recording its fourth consecutive week of outflows, totaling $15 million. Despite Ethereum’s transition to a Proof-of-Stake network, which many experts believe will strengthen its position in the long term, investor sentiment…
Bitcoin has shown a notable 9% increase after a consolidation period, with the $18K level proving once again to be a strong support level, confirming its sentimental importance. This rise follows the price’s repeated testing of the $18K support, highlighting its significance in the market’s current structure. The Daily Chart:…
Over the past six days, Ethereum has experienced a 16% decline, following a rejection from the $2,000 level. The price has now formed a rising wedge pattern, which could signal that the bearish trend is likely to continue. The bulls must prevent a further decline below the critical support range…
Solana’s price has taken a significant hit following an exploit that drained assets from thousands of wallets. The network, however, remains intact, with only certain wallets being compromised. The price reacted sharply, dropping to around $38, with $35 emerging as a critical support level. Technical IndicatorsTrading Volume: A surge in…
The first half of 2022 proved to be a challenging period for crypto investors, with the broader crypto market experiencing substantial declines, and the DeFi sector suffering heavily. The DeFi market cap experienced a staggering 74% drop during the second quarter of 2022. This sharp decline to the domino effect…