Friday, November 22, 2024
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Descending channel pattern and weak futures data continue to constrain Ethereum price

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern's $2,870 resistance.Ether/USD price at FTX. Source: TradingViewFederal Reserve monetary policy

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Bitcoin price descending channel and loss of momentum could turn $60K to resistance

Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level

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Bitcoin’s Technical Bias Flips Bullish as Price Climbs Above Descending Trendline

Bitcoin ran through key technical resistance levels on Wednesday, strengthening a bullish bias, and extended gains Thursday.The cryptocurrency jumped above $55,000 yesterday, breaching the downtrend line connecting the April high of $64,801 and September highs near $52,000.Buyers also flipped the horizontal resistance at $53,000 into support, having taken out a

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