Ethereum has experienced a significant decline starting from the $3,500 resistance zone. The price is currently down by over 8%, signaling a possible continuation towards the $3,120 support level. This downward movement has gained momentum, with ETH trading below $3,400 and the 100-hourly Simple Moving Average. A break below a key declining channel with support
Analysis
The XRP price has faced challenges in recent times despite achieving some victories against the SEC. The price surge was not strong enough to reach the $1 mark, but there is still optimism among bulls. The emergence of a Golden Cross formation on the weekly chart, as highlighted by a pseudonymous crypto analyst, is seen
Despite attempts to break above the $3,500 resistance zone, Ethereum has continuously failed to sustain gains in recent trading sessions. The price is currently hovering below $3,480 and the 100-hourly Simple Moving Average, indicating a lack of bullish momentum in the market. The hourly MACD for ETH/USD is showing a loss of momentum in the
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Bitcoin price has faced challenges in the market, struggling to break above the $68,500 resistance zone. This has led to a correction wave, indicating potential further declines below the $65,500 support zone. The price of Bitcoin is currently trading below $66,500 and the 100 hourly Simple Moving Average. A key bullish trend line was broken
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Despite multiple attempts to clear the $3,500 resistance zone, Ethereum price is still struggling to make a breakthrough. The current consolidation phase below the $3,550 resistance zone indicates a lack of bullish momentum in the market. The price is currently trading above $3,450 and the 100-hourly Simple Moving Average, but the inability to surpass key
Bitcoin price has been struggling to break above the $68,500 resistance zone, leading to a consolidation phase. Despite trading above $66,800 and the 100 hourly Simple moving average, the bears have been active near the key resistance level. The recent high was formed near $68,240 before a slow move towards lower levels. There is a
Bitcoin price has continued its upward trend, surpassing the $68,000 resistance level. This surge in price has been fueled by bullish momentum, with traders eyeing a potential move towards the $70,000 mark. Bitcoin’s price started a fresh increase above the key $66,500 resistance zone, signaling a renewed uptrend. The cryptocurrency is currently trading above $66,500