Cryptocurrency Analysis and News Portal
Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9. ETH/BTC pair at Coinbase. Source: TradingViewTo put things in perspective, Ether's $490
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Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: "The trend is still up"Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark on Dec. 7.At the
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The crypto markets took a steep nosedive in the early hours of Saturday morning as Bitcoin fell even further from $53,940 to $42,874, causing most altcoins to collapse with it. Many investors were startled, as they were hoping or even expecting the opposite; an upwards rally going into the year
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Ether, the world’s second-largest cryptocurrency by market capitalization, continues to struggle below its all-time price high of $4,865. The current pullback in ETH could stabilize around the $4,000 support level, although the price rally since the July low around $1,740 is starting to fade. Original Source
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Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term.“The latest Commitment of Traders report shows net-long positioning on the
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Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,500 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level. The price is now well above $4,350 and the 100 hourly simple moving average. There is
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The $4,700 Bitcoin (BTC) price spike on Nov. 29 was likely a great relief for holders, but it seems premature to call the bottom according to derivative metrics. This should not come as a surprise because Bitcoin price is still 15% below the $69,000 all-time high set on Nov. 10. Just
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Ethereum is stable above the $4,250 pivot level against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,350 resistance zone. Ethereum is trading in a bullish zone above the $4,200 level. The price is consolidating above $4,250 and the 100 hourly simple moving average. There was
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Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting
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Still, it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains. “Historically, bitcoin has risen after past upgrades [to the Bitcoin blockchain], so many see this as possibly history repeating itself,” Marcus Sotiriou, a trader at U.K.-based digital asset broker GlobalBlock, wrote in
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