Category: Ethereum Analysis

Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto markets

January 6, 2022

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Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022. The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates “sooner or at a faster pace […]

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Ethereum bulls retain hopes of $10K despite ETH price chart bear flag

December 6, 2021

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Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an ascending channel that — more […]

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Ethereum acts as a ‘hedge’ in Bitcoin price crash as ETH/BTC hits 3-year high

December 4, 2021

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The second-largest cryptocurrency posts dwarfed losses compared to Bitcoin’s 21% price decline Saturday. 6108 Total views 42 Total shares Ethereum’s native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world’s leading crypto by market capitalization. The […]

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Ethereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target

November 22, 2021

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Ethereum’s native asset, Ether (ETH), may rebound by nearly 60% in the coming sessions as bulls pin their hopes on a classic bullish continuation pattern. Prices may rise to or above $6,500 from their current levels near $4,100 after completing a cup-and-handle formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday.  A perfect […]

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Ethereum price risks losing $4K on ‘rising wedge’ breakout fears

November 16, 2021

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The potential price decline would also mark ETH’s return to its ascending channel support. 5855 Total views 7 Total shares A selloff in Ether (ETH) on Nov. 16 has increased the chances of its price falling below $4,000. ETH plunged 10% to around $4,100 amid an ongoing market correction led by Bitcoin (BTC). In doing […]

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Ethereum risks drop below $3.2K as ETH price faces heavy resistance

October 8, 2021

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Ethereum’s native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone. In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization […]

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Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021

October 3, 2021

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Bids for Ethereum’s native token Ether (ETH) could rise to $13,000 in the next two months if history repeats. This shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again […]

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Ethereum price gets back to $3K as institutional investors pile into ETH futures

September 26, 2021

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Ethereum’s native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase. The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the pair’s […]

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