Ethereum (ETH)

Ethereum (ETH) Struggles Beneath $2K amid Bearish Control – Technical Analysis

Ethereum (ETH) Struggles Beneath $2K amid Bearish Control – Technical Analysis

Ethereum finds challenges to overcoming the resistance zone at $2K. The altcoin maintains declines, though still beyond the vital support floor of $1,920. Key Points Ethereum reveals bearishness beneath the $2K hurdle. The altcoin trades beneath $2K and 100 hourly SMA. The 1hr chart shows a massive bearish line developing with resistance at $1,970. A decisive move beneath the $1,920 support can trigger sharp declines. Ethereum Settles Beneath $2,000 Ethereum recorded upswings beyond the $1950 hurdle and 100 hourly SMA. Nevertheless, bears halted the uptrends at the coveted $2K mark. The alternative token launched downtrends from the swing high of…
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Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin's price reveals stagnations near the $0.08 level. The meme coin has hovered near $0.1 since the 11 May colossal fall. Dogecoin's 24hr trading volume declined by 32%. Dogecoin price exhibits bearish signals today, maintaining similar trends seen over the previous three days. The meme coin has stagnated near the $0.08 level. While publishing this content, Dogecoin traded at a day high at $0.08647, gaining 2.48% within the past 24 hours. Nevertheless, Dogecoin has failed to trigger sustained upswings since the 11 May massive crash. The current price action reveals stagnation conditions, and the meme coin might drop before uptrends.…
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Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

The ongoing bearish sentiment in the crypto world sees the renowned dog token Shiba Inu crashing towards its 7-month lows on Monday. The previous 24 hours saw Shiba Inu losing 8.9% towards the $0.00001723 (Coinmarketcap data). The canine-themed crypto maintained downtrends over the past week, losing nearly 19% within seven days. That had SHIB exploring value areas last witnessed in October 2021. For now, Shiba Inu ranks 15th in the cryptocurrency list by value, its market capitalization standing briefly beyond $9.5 billion. The latest slump in the Dogecoin competitor emerged despite the recent efforts by the community to keep the…
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Ethereum (ETH): What Derivatives Data Presents Amid Dreary Price Action

Ethereum (ETH): What Derivatives Data Presents Amid Dreary Price Action

Ethereum's upward actions fizzled as the leading altcoin failed to recover losses incurred during 2022 Q1. The crypto retained an impressive attitude toward April end as it hovered around the $3K mark. However, massive bearishness within the marketplace saw the crypto surrendering critical support that might have helped ETH rebound towards $3,200. This spot is a 23.6% FIB retracement area, matching $2,815, which Ethereum tested two days ago but could not close beyond the zone. The 8.4% crash that followed dragged the token towards value levels of $2,686 at this publication. Now, the vital question remains, Can ETH Explore the…
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Litecoin (LTC): Can ‘Dip-Buying’ Call Attract Investors’ Attention

Litecoin (LTC): Can ‘Dip-Buying’ Call Attract Investors’ Attention

As things stand, crypto enthusiasts nowadays are only interested in opportunities to join the bandwagon. That has had the 'buying the dip' narrative trending each time BTC plunged within the past two months. The same case appears to develop this time, with Bitcoin and other alt tripping the market capitalization, triggering a 5.66% slump that erased about $103 billion from the cryptocurrency marketplace. Buying LTC Dip? Surprisingly, most demand comes from Twitter, which has had its share of turmoil since Elon Musk purchased the social media site for $44 billion. Nevertheless, can this demand support Litecoin to record some upside…
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Top Ethereum Killers to Consider in 2022

Top Ethereum Killers to Consider in 2022

Investors have heavily grilled the Ethereum network over the past couple of years. That is due to congestion, slow speeds, and high gas fees. As this competitive field sees constant innovation, users and developers look for blockchains that meet demand without hassle. This article highlights some leading blockchains that enthusiasts believe will overcome Ethereum's TVL with time. Solana (SOL) Solana tops our list. Backed by billionaire Sam Bankman-Fried, it is a decentralized network created to ensure user-friendly, scalable apps for the market, and Solana gained increased popularity. Solana attracted many developers looking for Ethereum alternatives due to high fees and…
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Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive

Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive

Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive Bitcoin (BTC) plunged to $45K support on Wednesday morning. That's despite on-chain data showing positive buying activity. The crypto exhibits weakness, changing hands near $44,767.71 at this publication, reflecting a 4.21% 24-hour decline. BTC declines emerged amid a global crash following hawkish comments by the US Fed Reserve. Lael Brainard, Fed Governor, hinted at central bank balance sheet trimming in May as he stated that curbing inflation remained paramount. That triggered sell-offs within the market as traders worried a restrictive atmosphere might lead to economic downturns. The tech-heavy NASDAQ lost…
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Last Call to Invest in Ethereum before ETH Explodes to $4K – Price Analysis

Last Call to Invest in Ethereum before ETH Explodes to $4K – Price Analysis

Ethereum shows signals of more upswings after the alt surged 36% over the past two weeks. On-chain data supports a $4,000 revisit after a slight retracement. A daily candle close beneath the 50-day Simple Moving Average at $2,848 will cancel ETH's bullish thesis. Ethereum price appears ready to extend upside, but a minor correction seems possible before another massive leg-up. On-chain metric supports the potential near-term correction that will welcome long-term bullishness for Ethereum. Ethereum Prepares for More Upticks Ethereum gained near 36% since 14 March, overpowering the 50- and 100-day SMAs near $2,845 and $3,045, respectively. While publishing this…
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