Ethereum Watch

Sorry bulls, but it might just be game over for Ethereum. The cryptocurrency’s intense uptrend seen in early-February has now been fully erased by the selloff seen over the past couple of days, which has shifted its market structure to be highly bearish.This has led one top analyst to note that Ethereum has just dipped […]

Despite Bitcoin closing 2019 up 90%, Ethereum didn’t fare all too well. The second-largest cryptocurrency actually registered a negative performance last year, crushed under the pressure of continued ICO selling and at-times questionable fundamentals.Analysts, however, have rapidly changed their outlook on ETH in the early stages of 2020, citing a confluence of positive technical factors […]

Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.While the majority seem to have been caught off […]

Ethereum is consolidating above the $220 support area against the US Dollar. ETH price is likely start a major upward move above the $228 and $235 resistance levels.Ethereum is forming a nice bullish formation above the $220 support area against the US Dollar.The price is likely to start a major rally once it settles above […]

The stock market just had its worst one-week correction since the global economic recession, with Bitcoin and gold falling in tandem.Is the fact that these once uncorrelated assets are suddenly all collapsing together in unison a signal that a greater global economic meltdown is on the horizon?As the Stock Market Crashes, Bitcoin and Gold FollowGlobal […]

Ethereum is currently consolidating above the $212 support area against the US Dollar. ETH price must climb above $228 and $238 to start a strong recovery in the near term.Ethereum is showing a few positive signs above the $212 level against the US Dollar.The price is likely to retest $228, which is the first major […]

Ethereum decline to a new 3-week low at $208 against the US Dollar, similar to bitcoin. ETH price could correct higher in the short term, but upsides are likely to remain capped near $242.ETH price is currently showing a few recovery signs from the $208 low against the US Dollar.The price is now trading above […]

It’s no secret that the past couple of weeks have been quite negative for Bitcoin and the aggregated crypto market, with many major altcoins incurring intense downtrends that have erased a significant amount of gains incurred throughout the first couple of months in 2020.Most major cryptocurrencies, however, are now nearing critical support levels that could […]

Ethereum started a strong recovery from the $208 swing low against the US Dollar. However, ETH price is likely to fail near $240 and it could resume its decline.Ethereum is up more than 8% and it climbed above the $230 level against the US Dollar.The price is still facing a lot of key hurdles near […]

In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above peg). Mostly on @dydxprotocol and […]