Ethereum Trims Gains, Why $2,500 Is The Key For Fresh Rally

Ethereum corrected gains from the $2,640 zone against the US Dollar. ETH price is now trading above a major support at $2,500 and the 100 hourly SMA. Ethereum failed to clear $2,650 and started a downside correction. The price is now trading above $2,500 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to start a fresh increase as long as it is above the $2,500 level.…

Bitcoin Consolidates Above Support, Here’s What Could Trigger Fresh Rally

Bitcoin price is trading in a positive zone above the $40,000 level against the US Dollar. BTC is likely to start a fresh rally if it clears the $41,200 resistance zone. Bitcoin remained in a positive zone above the $39,000 and $40,000 levels. The price is currently well above $39,000 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $40,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to start a fresh rally once…

Will A Large Spike In Bullish Sentiment Translate To A Bitcoin Rally?

With such a large spike in bitcoin sentiment recently, a bitcoin rally could be underway. Bitcoin has been fluctuating between $30k and $40k for a while now with no real significant movement either up or down. This has come in light of the market crash experienced over a month ago. The asset lost about 50 percent of its value and a lot of investors have had to take a step back and reevaluate their crypto positions due to this. Related Reading | Hall Of Fame Investor: Bitcoin Is In A “Bear…

TA: Ethereum Gearing For Another Lift-Off to $2.8K: Rally Isn’t Over Yet

Ethereum is showing positive signs above $2,500 against the US Dollar. ETH price is likely to accelerate higher above $2,650 and it could revisit $2,800. Ethereum started a steady increase above the $2,500 resistance and $2,550. The price is now trading well above $2,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb further higher above $2,650 and $2,700 in the near…

Bitcoin Signaling Upside Continuation, Why BTC Could Rally Further

Bitcoin price is showing positive signs above the $40,000 level against the US Dollar. BTC is likely to continue higher above $41,000 and $41,500 in the near term. Bitcoin started a fresh increase above the $38,500 and $40,000 resistance levels. The price is currently well above $38,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $40,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to start a strong increase once it clears $40,600…

Here’s Why Ethereum (ETH) Follow Bitcoin and Rally Above $2,500

Ethereum is trading in a positive zone above the $2,400 support zone the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,500. Ethereum is trading in a positive zone above the $2,400 and $2,420 support levels. The price is now trading above $2,450 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct…

Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat

Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and dump their holdings for any price offered.  While these periods are useful to help shakeout the weak hands and weed out unnecessary projects, they also offer strong performers the opportunity to stand out from the crowd and attract the attention of eager investors looking for a safe haven during choppy markets. Two projects that have been more resilient…

Bitcoin Recovers Sharply, Why BTC Could Rally Further Above $38K

Bitcoin price started a strong increase above the $35,000 resistance against the US Dollar. BTC is currently showing a lot of positive signs and it could even surge above $38,000. Bitcoin started a steady increase above the $35,000 and $36,000 resistance levels. The price is currently well above $36,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $35,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate higher if…

Bitcoin Indicator Behavior Mimics Historic Rally

Bitcoin price keeps sinking, but has kept mostly sideways leaving bears unable to break support to new lows. With the trading range at a pivotal point, as one trading legend often says it is “time to pay attention.” The reason for the focus, is because what started as a fractal in price action, is now causing similar behavior in the Bollinger Bands that led to one of the most powerful pumps in Bitcoin history. Is that what’s next with bearish sentiment at such critical heights currently? Pause In Downtrend Leaves…

Ethereum (ETH) Corrects Lower, Why 100 SMA Could Trigger Fresh Rally

Ethereum extended its rise and traded close to $2,900 against the US Dollar. ETH price is correcting gains and it is likely to remain strong above the 100 hourly SMA Ethereum failed to clear the $2,900 level and it corrected lower from $2,885. The price is still holding the $2,700 support and the 100 hourly simple moving average. There was a break below a short-term bullish trend line with support near $2,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong increase as…