Ethereum Price Will Bottom This Week, Predicts Tom Lee
Fundstrat co-founder Tom Lee says Ethereum is nearing a cyclical low, arguing that on-chain fundamentals and relative valuation versus Bitcoin indicate that ETH is “pretty close to bottoming this week.” “Personally, I think that we’re pretty close to bottoming this week,” Lee core investment story remains intact. Will Ethereum Bottom This Week? For Lee, that…
XRP Price Battles Breakout Resistance With Momentum Showing Mixed Signals
XRP price started a fresh decline below $2.250. The price is now attempting to recover and faces resistance near the $2.32 pivot level. XRP price started a fresh decline below the $2.250 zone. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance…
Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why
On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours. However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC.…
Solana (SOL) Recovers, but Key Resistance Levels Continue to Cap Upside Attempts
Solana started a recovery wave from the $128 zone. SOL price is now consolidating and faces hurdles near the $142 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a…
$14B In Stablecoins Minted Since October Crash: Liquidity Returning To Crypto
The crypto market remains under intense selling pressure, with sentiment turning increasingly bearish as Bitcoin trades below the $100,000 mark for the first time since May. Altcoins have fared even worse, extending a downtrend that began in early October. Despite this wave of uncertainty and fading bullish momentum, capital inflows into the market continue to…
One Slip And Dogecoin Could Plunge Back Into A Bear Market: Analyst
The Dogecoin multi-year recovery trend is under pressure as price slips below a key ascending support and rests on an historic horizontal level, according to a new chart from trader and analyst Rekt Capital. Dogecoin Is Inches Away From A Bear Market In an X post, Rekt Capital shared a 1-month DOGE/USDT chart from Binance,…
Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis
Ethereum is trading around key demand levels as fear and uncertainty grip the broader crypto market. The second-largest cryptocurrency by market capitalization has struggled to regain bullish momentum, currently hovering near $3,150 after weeks of consistent selling pressure. However, new on-chain data from CryptoQuant reveals that Ethereum might be nearing a crucial accumulation zone —…
Bitcoin Continues Lower, Raising Fears That $90K Support May Not Hold
Bitcoin price failed to recover above $95,000. BTC is down over 4% and there are chances of more downsides below $90,000. Bitcoin started a fresh decline below $94,000 and $93,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $95,850 on…
Bitcoin SSR Flashes Buy Signal: Rebound Incoming?
On-chain data shows the Bitcoin Stablecoin Supply Ratio has declined into the buy territory. Here’s what followed this signal in the past. Bitcoin SSR RSI Is Giving A Buy Signal In a new Stablecoin Supply Ratio (SSR) for Bitcoin. The SSR is an indicator that measures how the market cap of BTC compares against the…
Ethereum Breaks $3K Floor as Bears Press for Additional Downside
Ethereum price failed to stay above $3,150 and extended losses. ETH is down over 5% and might struggle to recover above $3,200 in the near term. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish…