Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the past week, Ethereum [ETH] entered a sideways track after breaking out of its bullish setup in the daily timeframe. Post recovering from the bearish flag breakdown, the bulls found renewed buying pressure […]
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
After flipping the trendline resistance to support, the buyers asserted their vigor while breaching the 23.6% and the 38.2% Fibonacci resistances. The coin saw an over 50% ROI from the 13 July low and slammed into the 50% Fibonacci resistance. Since then, the king alt has been consolidating in the $1,500-$1,600 range.
Should the buyers dwindle, any close below the 20/50 EMA could cause a throwback toward the $1300-mark before a likely revival.The Relative Strength Index maintained its position above the midline to reflect a buying advantage. Traders/investors should watch for a revival toward or below the equilibrium to identify chances of a bullish invalidation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Ethereum’s [ETH] Merge talk investors shouldn’t miss out on](https://i.headtopics.com/images/2022/7/25/cryptoamb/ethereum-s-eth-merge-talk-investors-shouldn-t-miss-out-on-1551379970898919428.webp?w=640)
Ethereum’s [ETH] Merge talk investors shouldn’t miss out onThe news of the Ethereum Merge pumped up optimism on the network. However, ETH, at press time, was consolidating above $1600 as the Merge craze started easing coming into the weekend. In the current relief rally, ETH has outperformed the king coin by achieving a 19.07% increase in the last seven days. Now, the question […]
Read more »
What of Ethereum traders now after ETH lost $1,620 levelEthereum, the largest altcoin might just be in for a bouncy ride despite the hype around the upcoming Merge. Well, Ethereum failed to settle above the $1,620 zone yet again. Do you believe me? The flagship coin had quite a journey on 24 July- jumping above $1,640 before dipping back down to $1,540. In the […]
Read more »
EOS: This crossover could fruition into a bullish narrativeDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. EOS’s descent below the $3.6-mark gave the sellers enough thrust to cause a breakdown below $1. The alt has struggled to find a position above the near-term EMAs until recently. During this phase, EOS […]
Read more »
Opinion | The real cause of HIV is inequalityAs the world’s HIV leaders gather in Montreal this week for the 24th International AIDS Conference, Canada must recommit to ending AIDS as a public health threat by 2030. Opinion by Meg French
Read more »
Crypto winter update: Will the disaster of Q2 continue to cripple Q3 of 2022?The collapse of Terra, 3AC, and insolvency crisis across crypto institutions has sent the market into severe bear tendencies over the course of Q2. Despite gradual recovery during July, the broader market remains tense and vulnerable right now. Bitcoin [BTC] is trading just below $22,900 while Ethereum [ETH] is mounting a massive rebound towards $1,600 […]
Read more »
Short-term scenario of the cryptocurrency market remains bleak: ReportsThe crypto market incurred one of the worst quarter performances over Q2 of 2022. All major cryptocurrencies fell hard during this period. Bitcoin [BTC] and Ethereum [ETH] headlined the steep decline of the state of the crypto market. The fall in asset prices has also resulted in a change in wealth distribution patterns across investors. […]
Read more »