Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin

ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.

Bitcoin Must Hold This Crucial Level To Sustain Bull Run, According to Valkyrie Investments CEO

The top executive of Valkyrie Investments says that Bitcoin (BTC) could see a massive price surge for the rest of 2021 if it can maintain a support level above $50,000.

Analyst says $42K must hold to keep Bitcoin price from sweeping its swing low

Bitcoin needs to hold $42,000 or it risks sliding as low as $32,000, according to crypto trader Eric Krown. Bitcoin bulls continued to battle with bears near the $43,000 support level on Sept.

XRP: Why bulls need to bring their A-game before this support level is breached

Since touching a local high of $1.4 during the first week on September, XRP has been buried under a pile of selling pressure.

Ethereum False Rally? Crypto Trader Says ETH Must Stay Above Crucial Level To Confirm Breakout

A popular pseudonymous cryptocurrency trader says Ethereum could surge if a key support level holds.

Bitcoin and Ethereum Show Signs of Life, Cardano Gain Traction

Bitcoin price remained stable above the USD 46,500 support level.

Ethereum Price Analysis: After Another Rejection, ETH Battles To Maintain This Critical Support Level

After failing to breach monthly highs at $3350, ETH lost more than $170 in less than 24 hours, breaking beneath the 20-day MA intraday.

Bitcoin and Ethereum Target Additional Gains, ADA Extends Rally

Bitcoin price remained well bid above the USD 45,000 support level.

Fresh Bitcoin ETF hopes back BTC’s swift rally above $40,000

Hopes of an eventual BTC ETF approval and a rebound off a key support level pushed Bitcoin price well above the $40,000 level, but can the bulls sustain the current volume? Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) today after the successful launch of Ethereum's London hard fork and a series of new Bitcoin ETF filings resulted in a rally that propelled BTC price 9% higher and Ether gained 11.75% which brings the altcoin closer to the elusive $3,000 level.Data from Cointelegraph Markets Pro and TradingView shows that after an early morning sell-off that saw BTC price fall to $37,280, bulls stepped in and the ensuing high volume spike sent BTC price to an intraday high at $40,775.

Bitcoin and Ethereum Target Fresh Lows, LUNA Rallies

Bitcoin price broke the USD 38,500 support level.

Binance Coin Analysis: Will BNB Bulls be Able to Defend This Critical Support?

BNB is up 7% this week but the bulls are now tasked with defending a critical support level.

Bitcoin Price Analysis: Price Consolidation Stirring Rejection at Key Support Level

Bitcoin's latest uptrend is being tested in a move that appears as a temporary consolidation.

Bitcoin’s Support Level Is Being Tested Hard, Says Guggenheim’s Scott Minerd – Here’s His New Crypto Forecast

The global chief investment officer of investment giant Guggenheim Partners Scott Minerd is warning that Bitcoin’s support level at just above $31,000 could crumble.

$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist asserts

The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the US dollar. Bitcoin (BTC) has better probability of recovering back to $60,000 than to break below its current support level of $30,000 and target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.A screenshot from McGlone's latest analysis on the flagship cryptocurrency, first shared by Bloomberg's senior ETF analyst, Eric Balchunas, shows him comparing Bitcoin's ongoing price action with the "too-cold" period of the 2018-19 trading session.

Bitcoin traders watch $32K ahead of Friday's $330M BTC options expiry

Bulls managed to find some momentum, but holding the $32,000 support level will determine who is the victor of Friday's $330 million BTC options expiry.

Ethereum, Monero, Uniswap Price Analysis: 20 July

Ethereum tested a new low this month as it prepared to move past its crucial support level of $1744.

EOS, MATIC, DASH Price Analysis: 20 July

Several cryptocurrencies have taken a beating this week, with altcoins leaving their consolidation phase behind to enter the bearish territory. EOS broke off its technical support level of $3.40 toThe post EOS, MATIC, DASH Price Analysis: 20 July appeared first on AMBCrypto.

Bitcoin Fell Below $30K for the Second Time since mid-May, Low Institutional Demand Could Lead to Further Declines

Bitcoin fell below the $30,000 support level for the first time in four weeks.

This might be a good sign for Bitcoin’s mid-term trajectory

Bitcoin has been humbly oscillating above the $32,500 support level since the beginning of this month.

What could be the next target for Dogecoin?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Dogecoin's price dropped under the crucial support level of $0.2The post What could be the next target for Dogecoin? appeared first on AMBCrypto.

Record low Bitcoin velocity suggests BTC may ‘move to the downside’

Weekly Bitcoin transactions and velocity hit record lows, leading one analyst to suggest that even with BTC stable at $33,000, further downside could ensue. In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session. The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the $30,000 to $32,000 level continues to function as a support level, a recent market update from ByteTree CEO James Bennett paints a mixed picture of what may be in store for BTC.According to analysis from Bennett, the price of Bitcoin has stabilized near the $34,000 level due to a reduction in miner selling and an increase in accumulation, but he also warns that several metrics show that decreased activity on the network hint that BTC is still in a neutral zone where there is a reduced appetite from key players.

Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K

Traders appear to be sitting on their hands even as Bitcoin price drops closer to a critical support level at $32,000. Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range.BTC/USDT 4-hour chart.

Ripple XRP Continues Consolidating Its Value Above $0.6 New Support Level

Technical indicators show that XRP is likely to consolidate its price inside a range of the $0.60 support level and the 0.65 resistance level.

Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week's unlocking of more than $550 million worth of Grayscale's GBTC shares.Data from Cointelegraph Markets Pro and TradingView shows that the early morning downtrend in BTC on July 12 continued into the afternoon as the price of BTC dropped below the $33,000 support level after bears took control of the market.

Bitcoin and Ethereum Extend Losses, Altcoins Dive

Bitcoin price started a fresh decline below the USD 33,500 support level.

Bitcoin Prepares to Revisit $32,000 Support Level Before Retracing the Bull Market

Bitcoin may see a decline in search for a support barrier that may kick-start a rally.

Bitcoin, Ethereum and Altcoins Show Bearish Signs

Bitcoin price extended its decline below the USD 34,000 support level.

Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Traders expect further downside from Bitcoin and altcoins after BTC dropped below a key support level at $36,000. The US Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16.

Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears

Stock markets and Bitcoin price took a slight hit after the Federal Reserve announced plans to increase interest rates twice in 2023, a tad bit earlier than markets expected. Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for 2 interest rate hikes in 2023.Bitcoin (BTC) price extended its losses shortly after Federal Reserve Chair Jerome Powell announced that the Fed would move forward its timeline and schedule two interest rate hikes in 2023. Bit

Dip-buyers anticipate further downside after Bitcoin price falls to $38K

Sellers pressed Bitcoin price back below $40,000, while analysts believe BTC will remain rangebound until the $42,000 level is breached. The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials intend to discuss whether interest rates should be raised or kept near zero. While many investors anticipate that BTC will soon resume its bull run and rally above $40,000, technical analysts are sounding the alarm about a looming death-cross that could send Bitcoin price to $30,000 and below.Data from Cointelegraph Markets Pro and TradingView shows that after losing the $40,000 support level, Bitcoin bulls were overrun by sellers, triggering a drop to today's intraday low at $38,415. BTC/USDT 4-hour chart.

Ethereum Might Experience a Period of Consolidation, says Market Analyst

Crypto analyst Michael van de Poppe acknowledged that ETH was holding a crucial support level, which may trigger a period of consolidation.

TA: Bitcoin Signals Fresh Increase, Here’s Why $37K Is The Key

Bitcoin price retested the $35,000 support level against the US Dollar.

Altcoins soar while Bitcoin and Ethereum price stall near key levels

Altcoins moved higher while a lack of buy volume prevented Bitcoin and Ethereum price from breaking out after the completion of a bullish inverse head and shoulders pattern. On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may happen next. After an early morning attempt by Bitcoin bulls to drive (BTC) price above $40,000 was met with stiff resistance, the digital asset lost momentum and slumped back to the $38,000 support level.

Ripple Price Analysis: XRP Battles to Defend Critical Support Level

XRP is down a sharp 7% today but is doing well to maintain the $1.40 support.

Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry

Bitcoin bulls have a $104 million advantage leading into Friday's $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000. Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level.

Bitcoin Needs to Flip $56.5K to Support Level to Retest $60,000, says Market Analyst

Market analyst Michael van de Poppe believes that Bitcoin will have to flip the $56.5K resistance level to support if the cryptocurrency wishes to retest $60,000.

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Data shows pro traders are heavily accumulating the current dip in Bitcoin price while retail investors are occupied with trading altcoins. Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation.

Bitcoin Price Analysis: BTC Struggles at a Critical Support Level

Today, bitcoin dropped by a sharp 4.8% and reached as low as $54,650.

Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin price rallied above $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry. Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month's $4.2 billion options expiry occurred without any signs of controversy.  Data from Cointelegraph Markets and TradingView shows that after a brief dip below the $53,000 support level on April 29, the price of Bitcoin staged a 10% rally back above $57,400 by midday.

Bullish ETH/BTC pair revives the Ethereum 'flippening’ discussion

Bitcoin price is clinging on to $53,000 while Ethereum’s increasing bullish momentum prompted renewed discussions of an ETH flippening. Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts.  Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 support level while Ethereum (ETH) continues to trade above $2,700. BTC/USDT 4-hour chart.

Key Fundamental Data Suggests Bitcoin May Defy Bears

Last weekend, the Bitcoin price fell below the psychologically significant support level of $50,000.

Pros say Bitcoin’s ‘very healthy’ correction ‘builds ground for more stable growth’

Bitcoin's price tumbled below a key support level, but financial experts agree that the correction clears the way for further upside. Bitcoin and the wider cryptocurrency market took a beating in the late ho April 22, and intense selling saw (BTC) price dip below $48,000 in a move that came as a relief to quantitative analysts like PlanB who were worried that the price growth was showing signs of being inorganic.  A variety of factors have been identified as being the cause of the drop in price, including an overcrowded futures market and heavy selling activity from small- to medium-size whales.

Bitcoin Price Analysis: Did BTC Just Lose Major Key Support Before Further Plunge?

After a volatile day with some hope for the bulls, bitcoin remains in the red territory following a minor 1.5% price decrease today as the cryptocurrency battles for the critical support level at the 50-day moving average line.

Bitcoin Flash Crashed to $51K,Triggering a $9.32B Liquidation - What's Next?

After Bitcoin fell below the previous support level of $60,103 yesterday, it plummeted from $60K to around $51K, incurring a loss of around $9,000 in just four hours and creating the largest reversal record since February.

Bitcoin, Ethereum And Altcoins Struggle to Recover

Bitcoin price extended its decline below the key USD 57,000 support level.

Bitcoin bulls return after BTC bounces at a key support level

Bitcoin price appears to be gaining bullish momentum after BTC bounced off the lower Bollinger Band. A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000.

Cosmos, Aave, Tezos Price Analysis: 04 April

Cosmos defended the $19.8 support level but continued on its recent uptrend.

XRP, Klaytn, Crypto.com Coin Price Analysis: 31 March

XRP was projected to slip below its press time support level and head towards the $0.509-level.

Ethereum Sustains Price Above Key Support Level as Addresses With 1+ Coins Hit ATH

Ethereum is trading above the $1,800 support level as its bull run is currently fueled by retail holders.

Why Bitcoin Traders Are Continuously Buying the Dip

Bitcoin (BTC) fell below the important support level of $52,000 yesterday, dropping to a low of $50,360.

Bitcoin Bulls Protect USD 50K, XRP Shows Positive Signs

Bitcoin price extended its decline below the USD 52,000 support level.

$51K Bitcoin price not a problem as ‘structurally, nothing has changed’

On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400. On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level.

Ethereum derivatives lean bullish even as ETH price sits at a key support

Ether price is trading near a critical support level, but derivatives data suggests pro traders expect more downside in the short term.

Why these analysts predict a Bitcoin’s price at $80,000 by April?

With Bitcoin’s price barely holding above its support level, indicators are turning more bullish.

Analysts still 'bullish on April’ despite Bitcoin price drop to $54K

Pro traders and analysts view Bitcoin’s dip below $54,000 as another bullish buy-the-dip opportunity. On March 23 bears managed to push the price of Bitcoin (BTC) below the $54,000 support level as various on-chain data suggests that whale wallets have begun slowing down purchases and are transferring the risk to retail investors.  Data from Cointelegraph Markets and TradingView shows that the downtrend that began on March 22 and continued into Tuesday s the price retested the $54,000 support level for the second time this week. BTC/USDT 4-hour chart.

Monero, NEM, Augur Price Analysis: 23 March

Monero was trading at the helm of its $215.7-support level, with its bearish indicators spelling short-term losses over the coming sessions, at press time.

Streaming tokens surge as Bitcoin price drops to the $54,000 support

Tokens related to gaming, video and music streaming rallied to new highs even as Bitcoin price pulled back to the $54,000 support. Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the top cryptocurrency a “substitute for gold.” Data from Cointelegraph Markets and TradingView show that traders made several attempts to push BTC above $58,000 over the past two days only to be rejected, with Monday’s failure resulting in a pullback to the $54,000 support level.

EOS, Neo, Maker Price Analysis: 18 March

EOS registered strong volatility over the past three days, bouncing from $3.7 to $4.4 and back to $3.7 once more, just above its support level.

Tezos, NEM, Neo Price Analysis: 16 March

Losses in the Tezos market were cut short around the $3.78-support level and a northbound breakout from a down channel presented a target of $4.08.

Tezos, Dash, Decred Price Analysis: 14 March

Tezos bounced off the $3.8 support level but could be set to revisit it in the coming days.

Bitcoin sell-off over? Strong 'buy the dip' signal flashes for the first time in 5 months

Bitcoin is retesting a key support level at $44K-$45K for the third time in the past week.

Bitcoin Rebounds From USD 45K, Ethereum and Altcoins Pair Losses

Bitcoin price extended its decline below the USD 50,000 support level.

'Insane' Bitcoin price consolidation means $48K is the new BTC support level

A fundamental shift in technicals suggests that bulls should treat $48,000 like the new $35,000, says Glassnode. Bitcoin (BTC) has seen "unreal" price consolidation since the start of February 2021 — and fundamental support is now at $48,000. According to on-chain monitoring resource Glassnode, the second month of the year has been a formative period for Bitcoin like no other. $35,000 Bitcoin? So last month Discussing the current state of the Bitcoin network, co-founders Yann Allemann and Jan Happel said that many price indicators had been allowed a "reset" in February. "The amount of consolidation Bitcoin has seen since January is unreal.

Bitcoin price eyes $63K next as rising BTC dominance puts altcoins at risk

The price of Bitcoin keeps climbing higher but one key support level must hold for the rally to continue. The current Bitcoin (BTC) price bull run seems almost unstoppable right now as BTC has just notched another new high on Feb.

Tezos, UNI, Dogecoin Price Analysis: 13 February

Tezos retraced from record levels after the market's sellers intervened and dragged the price towards its $4.6-support level.

Bitcoin and Ethereum Correct Lower, Altcoins Edge Higher

Bitcoin price started a downside correction below the USD 46,000 support level.

Why a trader says Bitcoin is short-term bearish despite holding $30K

Bitcoin is short-term bearish, traders say, as the options market hints at consolidation. A pseudonymous trader known as “Byzantine General” is short-term bearish as Bitcoin (BTC) continues to test the same $30,000 support area. Although the price of Bitcoin is staying above a key support level, the trader said the price action is not bullish.

Polkadot, Ethereum Classic, Maker Price Analysis: 27 December

Polkadot moved below its $16.05-support level, with its indicators highlighting more bearishness for the price over the coming trading sessions.

As Bitcoin price sees sub-$30K, do bears control the BTC market now?

The price of Bitcoin dropped below $30,000 in a quick swoop on the third retest in two weeks of the support area. In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions.

Monero, Aave, Enjin Price Analysis: 27 January

Monero succumbed to yet another support level as the price moved below $134.4.

Tron, Verge, Dogecoin Price Analysis: 26 January

Tron hovered above its support level, but the market's bulls could struggle to keep the price afloat in the short-term.

Stellar Lumens, Waves, Dash Price Analysis: 26 January

Stellar Lumens traded below its 20-SMA and underlined a bearish market as the price headed towards its $0.24-support level.

Bitcoin Cash, Synthetix, Dash Price Analysis: 23 January

Bitcoin Cash traded close to the $426.4-support level and awaited cues from Bitcoin for a definitive move forward.

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level.

AAVE Price Analysis: AAVE Fails To Sustain Support At $200

Aave price has dropped below the $200 support level it has held for days.

Bitcoin Cash, Synthetix, Ontology Price Analysis: 20 January

Bitcoin Cash eyed a move towards the $469.4-support level as the price moved south from its 20-SMA and 50-SMA.

Bitcoin's Key Support Level is at $27000-27,500 if BTC Pullbacks below $30,000, says Analyst

Alex, a market and crypto analyst, has acknowledged that the $27,000-27,500 is the critical support level, which ought to be watched.

Cardano, Ontology, Synthetix Price Analysis: 16 January

Cardano bounced back from the $0.29-support level and targeted a break above its press time resistance, while the indicators confirmed the possibility of a bullish outcome.

Ethereum Just Hit a Key Support Level: Here’s the Next Level to Watch

Ethereum has faced a strong correction after peaking near $1,350 last week.

Analysts say Bitcoin price drop to $30K was ‘healthy and necessary’

The total cryptocurrency market cap fell by more than $200 billion as Bitcoin price dropped to $30,229 and altcoins correctly sharply. The euphoria in the cryptocurrency market was quelled on Jan.11 as the majority of altcoins saw their prices decline by more than 20% as Bitcoin price sold off sharply.  After falling below the $40,000 support level on Jan.

Room to Rally: Bitcoin’s Risk-Adjusted Returns are Steady at 6 Year+ Levels

Bitcoin has been on a tear throughout the past few weeks, with its price action heating up as bulls try to flip $40,000 into a support level If the crypto continues holding above this previous resistance, it could allow for significantly further upside in the days and weeks ahead One analyst explained that although it […]

Bitcoin whale clusters pinpoint key support level for the rally to continue

Bitcoin whale clusters show $23,409 as a key support area, which means the ongoing rally has a strong floor. Bitcoin (BTC) whale clusters show that the $23,409 level has become an area of focus for large traders.

Bitcoin and Altcoins Stage Strong Recovery, XRP Underperforms

Bitcoin price extended its decline below the USD 23,000 support level.

Ethereum Reaches Crucial Support Level as Market-Wide Selloff Slows

Ethereum has seen some notable downwards momentum over the past several hours that has caused its price to erase the gains that came about during the latest leg higher Where it trends in the mid-term should depend largely on whether or not buyers can stop it from falling below one key price region This price […]

Has Ethereum Underperformed Against Bitcoin? Here’s What the Data Says

Ethereum’s price has been underperforming Bitcoin lately, but it is still currently trading above its key support level at $600.

Bitcoin price can hit $25K before 2021 if this key support level holds

Bitcoin is currently in price discovery but a drop to the $18,500 region in the short term shouldn't be ruled out.

Bitcoin Price Pops Over Wall Of Sellers at $20K, Flips Resistance to New Support Level

Despite reports that a wall of sellers was waiting for Bitcoin at the $20,000 price level the BTC price surged over the wall and may have flipped the resistance into a support line.