Traders Blog - Analysis, Strategies, News and more: Tag - ethereum
Bitcoin bias turns bearish after Fibonacci resistance test
Bitcoin erased most of the previous week’s losses last week. The price is above $28,500 currently after it rebounded toward the Fibonacci 261.8 resistance around midweek but then retraced down. The RSI rebounded from the lower bound of neutral zone a...
Will Shanghai upgrade & Shanghai Pudong Development lift the Ethereum?
With more than 46% gain in 2023, ETH proved itself one of the most trusted coins with a brighter future. Several factors can get attention to ETH, including the Shanghai upgrade and Hong Kong trying to become a crypto hub.Shanghai upgrade, supposed t...
Bitcoin rally peak at hand?
Bitcoin rallied to five-month high last week with the price above $23,000 currently. The price consolidation still continues while the RSI is set to leave the overbought zone. The bears are testing bulls’ resolve and in medium term perspective there...
Can Bitcoin bulls continue on their way?
Investors have become more cautious, and overall digital currencies market is still suffering.On Wednesday, January 11, FTX said it had recovered $5 billion in cash and cryptocurrencies, which it may sell to repay its creditors. This report helped th...
Bitcoin and Major Cryptocurrencies
Negative sentiments are still the dominant emotions in the markets.The crypto market was calm mostly during last week and this week until Wednesday. As expected, tensions in other markets with the FOMC meeting in the center of stages also affected th...