Ethereum price started a fresh decline and traded below $2,120. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a sharp decline. The price is trading below $2,165 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,200 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,200 and started a downside correction, like Bitcoin. ETH price dipped below the $2,165 and $2,150 levels. The price even traded below $2,020. A low was formed at $1,914 on Kraken, and the price is now attempting to recover most losses. There was a recovery wave above the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $1,914 low. Ethereum price is now trading below $2,165 and the 100-hourly Simple Moving Average. Beside
Dogecoin started a fresh decline below the $0.1080 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1065 and $0.1075. DOGE price started a fresh decline below the $0.1080 level. The price is trading below the $0.1075 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1075 and $0.110. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.110, like Bitcoin and Ethereum. DOGE declined below the $0.1080 and $0.1050 support levels. The price even dipped toward the $0.1020 level. A low was formed near $0.1025, and the price is now showing bearish signs well below the 23.6% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1025 low. Dogecoin price is now trading below the $0.1065 level and the 100-hourly
Institutional investors just sold an overall total of $1.07 billion in Bitcoin and crypto assets in one week, according to a new update from CoinShares. The outflows are the first negative result in seven weeks and the third-largest weekly outflow of the year. Bitcoin drove most of the selling with $982 million in outflows. Ethereum […]
The post Institutional Investors Sell $1,070,000,000 in Bitcoin and Crypto Assets in One Week, Ending Streak of Inflows: CoinShares appeared first on The Daily Hodl.
XRP price extended losses and traded below $1.420. The price is now consolidating losses and faces hurdles near $1.40 and $1.4350. XRP price started another decline and traded below the $1.420 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.420. XRP Price Extends Losses XRP price failed to stay above $1.4350 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.4250 and $1.420 to enter a short-term bearish zone. The price even extended losses below $1.40. A low was formed at $1.3630, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1.5496 swing high to the $1.3630 low. The price is now trading below $1.420 and the 100-hourly Simple Moving Average. If there is a fresh rec
Kraken’s plan to go public in the US may have to wait until 2027. The crypto exchange, formally known as Payward, laid off about 150 workers last week, a move that has pushed back its initial public offering timeline by at least a year, Bloomberg reported, citing a person familiar with the matter. Related Reading: […]
Learn what the difficulty bomb is, how it works, why it matters for Ethereum users and traders, and real-world examples of how it has been used.
The post Difficulty Bomb Explained: What It Is And How It Works appeared first on BiteMyCoin.
The analyst believes that one of the reasons ether has been under selling pressure is linked to the conflict in the Middle East and the subsequent rise in oil prices. To Lee, this is “short tactical noise,” and prices should be stronger later this year. Fundstrat’s Tom Lee Predicts Stronger ETH Prices After Middle East […]
