Ethereum Price Falters Above $3,700 – Is a Pullback Brewing?
Ethereum price found support near the $3,400 zone and recovered. ETH is struggling to settle above $3,700 and might dip once again. Ethereum started a fresh increase above the $3,440 and $3,500 levels. The price is trading below $3,620 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line…
Binance Inflows A Leading Indicator For Altcoins? Analyst Explains How
A quant has explained how altcoin inflows into cryptocurrency exchange Binance might act as a leading indicator for the market. Spikes In Binance Altcoin Inflows Tend To Precede Corrections In a CryptoQuant Quicktake exchange inflows going to Binance. The indicator of relevance here is the “Exchange Inflow Transaction Count,” which measures, as its name suggests,…
Altcoin Rally To Commence When These 2 Signals Activate – Details
The altseason fanfare remains on the rise despite a broad altcoin rally two weeks ago that has quickly evaporated in a wider market correction. As investors continue to await a potential rebound from these price dips, a popular analyst with X user PlanD has highlighted the two crucial signals that may initiate an altcoin market…
Ethereum Price Pulls Back To $3,500, But MVRV Signals Uptrend Continuation Likely
A breach of the $4,000 mark for the Ethereum price has looked almost like a certainty over the past two weeks, with the altcoin hovering around $3,900 in the last few days. However, this almost-certain event took a different turn after the price of ETH suddenly succumbed to severe bearish pressure. On Friday, August 1,…
Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?
Ethereum has faced an 8% correction since Monday, cooling off from its recent rally and slipping below the key $3,850 level. This move suggests that the bullish momentum that carried ETH higher in July is beginning to fade, with price now entering a critical consolidation phase. Bulls are still holding key support levels, but the…
10-Year Gameplan: Ethereum Targets Quantum-Safe Security, Fast Transactions
Ethereum has turned 10 years old. And instead of looking back, the team behind the second-largest cryptocurrency is laying down a bold plan for the future. The Ethereum Foundation has released a long-term roadmap called the “Ethereum Lean Plan.” The focus: scale the network massively, keep it online 100% of the time, and prepare for…
Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead
Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 after briefly touching the $3,800 mark. The pullback comes after a robust July rally, which saw the world’s second-largest cryptocurrency surge more than 50%, its best monthly gain in three years. Despite the recent dip, on-chain data suggests the uptrend may…
Bitcoin Bull Market Is Over? Analyst Calls 50% Crash To $60,000
In a post shared on TradingView, crypto analyst Xanrox argues that the current bullish cycle is nearly over, pointing to a potential downtrend that would see the Bitcoin price crash to $60,000. This analysis comes as Bitcoin is trading within a very quiet phase, prompting many crypto traders and crypto analysts to start reassessing its…
Solana Faces Ethereum Scam Woes as TD Sequential Hints at Bullish Breakout
Solana (SOL) is staging a potential comeback, rebounding 1% to $187.43 after triggering a TD Sequential buy signal at $178. This technical indicator, widely used to identify trend reversals, has sparked renewed bullish sentiment among traders, especially as SOL consolidates above the key $180 level. The 4-hour chart shows diminishing bearish momentum, with candlesticks losing…
Altcoin Season Here? 6 Key Metrics Show Market Shift
On-chain analytics firm CryptoQuant has highlighted six indicators that could point to growing momentum in the altcoin market. These Altcoin Metrics Are Observing Positive Developments In a new all-time high (ATH) in mid-July. At the forefront of this alt push has been Ethereum, the cryptocurrency second only to Bitcoin in terms of market cap. Since…