Downside

Ethereum

Analysts Eye Downside as Ethereum Fails to Surmount a Critical Trendline

Ethereum, like Bitcoin, was subjected to some intense volatility this morning The cryptocurrency’s price rallied as high as $244 before posting a swift rejection that sent it reeling down to $236 Bulls are now trying to stabilize it around $238, although this move does appear to have struck a blow to ETH’s technical strength How …

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Bitcoin

Bitcoin to Correct Throughout Summer Months as Analysts Eye Major Downside

Bitcoin’s consolidation phase has persisted, with the cryptocurrency continuing to trade sideways as it hovers around $9,360 The cryptocurrency has struggled to garner any notable momentum, showing some signs of weakness as it continues trading around the lower boundary of its range It does appear that it could be poised to see further near-term weakness …

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Bitcoin (BTC) Price Downside Thrust Underway, Bulls Struggling

Bitcoin price failed to stay above the $7,400 support and declined recently against the US Dollar. The price is trading below $7,280 and it could even decline below the $7,160 support. There is a major declining channel forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The …

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Ethereum Likely to See Further Downside as Analysts Eye Movement to $130 Region

Bitcoin’s recent bout of heightened volatility has spilled over into the aggregated crypto markets, leading major altcoins like Ethereum (ETH) to similarly incur choppy trading that is uncharacteristic of the price action that has been seen over the past month. This choppy trading may prove to ultimately be a negative thing for Ethereum and other …

Ethereum Likely to See Further Downside as Analysts Eye Movement to
$130 Region
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Ethereum Touches Freshly Formed Resistance Level as Analysts Eye Further Downside

Ethereum’s price action has been closely mirroring that of Bitcoin’s in recent times, which has made it prone to seeing heightened levels of selling pressure in spite of ETH’s multiple recent attempts to break above its long-established resistance level at $190. This selling pressure has sent ETH down to the lower-$180 region while also causing …

Ethereum Touches Freshly Formed Resistance Level as Analysts Eye
Further Downside
Read More »