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…
On the daily timeframe, XRP is holding above a dynamic support level. The 30-day RSI indicator reveals that it remains in the bearish zone, approaching a descending resistance trendline, which has been in place since late 2020. From a price perspective, the bulls face a significant challenge in overcoming the…
Ethereum continues to face significant challenges at a critical support zone, with all recent attempts at establishing an uptrend on lower timeframes being rejected. Daily ChartOn the daily timeframe, the bulls have managed to defend the support zone at $900, which extends between $900 and $700 (highlighted in green). Ethereum…
Ethereum has experienced another sharp decline, dropping 15% in the last 24 hours and settling around the $1,200 mark. The overall cryptocurrency market capitalization has fallen below $1 trillion, reflecting widespread losses across the sector. Technical Analysis Daily ChartOn the daily timeframe, Ethereum lost the $1,300-$1,500 range, a significant demand…
Blockchain scalability has been one of the most significant challenges in the crypto space. While blockchains like Bitcoin and Ethereum offer robust, secure, and decentralized networks, they often face limitations when it comes to transaction throughput. As the adoption of cryptocurrencies and decentralized applications (dApps) continues to rise, so does…
Despite a period of relative stability in the market, Bitcoin’s price action remains underwhelming with no clear signs of a strong recovery. While U.S. stock markets closed on a positive note and the DXY index has been declining for the last few days, Bitcoin has failed to maintain its position…
Bitcoin has broken through the $37K support level to the downside, resulting in a more than 10% drop in price yesterday. This price action could set the stage for a bearish scenario, potentially pushing the price toward the $30K demand zone. Given the current market structure, the 50-day and 100-day…
Blockchain technology is built on the principles of decentralization, security, and transparency. At the core of these principles lies a crucial element: the consensus mechanism. Consensus mechanisms are protocols that ensure all participants in a blockchain network agree on the state of the ledger, thereby facilitating trustless transactions. Over time,…