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Day: May 10, 2020

Ethereum’s golden cross might have to wait, at least for now

cryptocurrency May 10, 2020

Ethereum made a retreat to $189 after the latest price plunge. The price of the largest altcoin, ETH had turned red following the increasing downward pressure. It appears that ETH’s tryst above the $200-level was short-lived as significant gains were wiped following the drop. In addition, the market indicators are pointing towards a risk of […]

Ethereum-Bitcoin implied volatility spread drops despite conflicting correlation patterns

cryptocurrency May 10, 2020

The collective crypto market was in a consolidation phase; as Bitcoin’s awaiting its third halving, conversations about the direction of its price engulfed the community. Advertisements Currently, the cryptocurrency market exhibited of convergence of Ethereum and Bitcoin price volatility despite the general notion that the price of the latter is expected to show some drastic […]

Ethereum at Risk of a Larger Decline To $175: Here’s Why

cryptocurrency May 10, 2020

Ethereum is down more than 10% and it broke the key $200 support against the US Dollar. Bitcoin’s decline is increasing pressure on ETH and it could decline further to $175.ETH price is gaining bearish momentum and it broke the key $200 support zone against the US Dollar.It is now trading below $192 and the […]

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