Here’s Why Analysts Think Ethereum Could Soon Move to $350

Ethereum has rallied slightly over recent highs after a strong correction from its $390 highs. The coin now trades at $370 as of this article’s writing, slightly below the aforementioned highs. Despite tailwinds like Bitcoin moving higher and a strong legacy market, analysts think ETH is on a short-term downtrend. Analysts say that there’s a good...

8m

DeFi’s Critical Correction Could Drag Bitcoin Lower, Analyst Says

While Bitcoin has been relatively stagnant over recent days, top coins in the decentralized finance have been undergoing strong corrections. Analysts think that this could result in a strong correction in BTC itself. Bitcoin Could Become Weak as DeFi Coins Form Weak Trends While Bitcoin has been relatively stagnant over recent days, top coins in the...

8m

Ethereum Bulls Need to Act Soon “to Survive”: Here’s Why

Ethereum has dropped after reaching highs at $390 just the other day. The coin now trades at $370 as of this article’s writing, slightly below the aforementioned highs. The coin remains below crucial support levels that must be reclaimed if ETH is to continue higher. One trader thinks that Ethereum dropping from here could make it difficult for bulls...

8m

Ethereum Weakens as Analysts Eye Possibility of Major Downside

Ethereum is showing some signs of weakness as its price trades below $380 Breaking above this level was a significant technical development that caused many analysts and traders to flip bullish on the crypto As its weekly candle close fast approaches, however, bears seem to be regaining control over its near-term outlook There’s a high probability...

8m

Bulls are in Control of Bitcoin as Long as It Defends One Crucial Level

Bitcoin has witnessed some intense selling pressure throughout the past day, but bulls have been able to absorb the vast majority of it This selling pressure ultimately sent the cryptocurrency down to daily lows of just below $10,800, at which point buyers stepped up and guarded against it seeing any further downside One analyst is now noting that...

8h

DeFi’s Hottest New Token Uniswap Plunges 12.5% After Parabolic Rally

Uniswap, an Ethereum-based decentralized exchange, shocked the crypto market when it released its own token this week. The coin, released to all historical users of the platform, underwent a parabolic rally after its release. The coin gained around 600% from the all-time lows around $1.20 to the highs. Uniswap’s UNI has since faced a strong rejection,...

16h

The Last Time Bitcoin Formed This Signal, It Surged $2,500

Bitcoin has stalled after testing $11,000 twice, failing to hold above that pivotal level. The coin now trades at $10,950 as of this article’s writing, slightly below that pivotal level. Bitcoin remains in a bullish state on a medium-term time frame, with one analyst pointing to a pivotal bullish continuation signal. The signal was last seen prior...

20h

Analysts: Bitcoin May Surge Up to $250,000 Before Macro Authorities Care

There have been many fears over recent years that central banks and other authorities will target Bitcoin as they may see it as a threat to traditional financial infrastructure. According to Dan Tapiero, though, these fears are unfounded for the time being. Bitcoin May Not Be Macro Relevant Yet, Despite Price Surge Dan Tapiero is the co-founder of...

20h

This Level Holds the Key to Bitcoin Moving Higher in the Near Term

Bitcoin has surged to $11,050 as of this article’s writing. The coin has gained over 10% from the lows earlier this month of $9,800. Despite the rally, Bitcoin is not yet in a fully bullish state according to some analysts. Traders say that BTC must retake the $11,200 horizontal to confirm the ongoing rally has legs. This technical feat may not...

1d

Yearn.finance (YFI) Just Plunged by Over 10%: Here’s What’s Driving the Move

Decentralized finance’s Yearn.finance (YFI) has dropped 10% in the past 24 hours despite strength in Bitcoin. The YFI coin is down over 33% from its all-time high price set just weeks ago. The coin seems to be dropping due to a wider bout of weakness in DeFi, caused by a number of trends. YFI’s long-term fundamentals remain bullish despite the recent...

1d