![Ethereum [ETH] traders can anticipate a pullback to this region](https://i.headtopics.com/images/2022/11/1/cryptoamb/ethereum-eth-traders-can-anticipate-a-pullback-to--ethereum-eth-traders-can-anticipate-a-pullback-to--1587528150317146124.webp)
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Ethereum surged above a range to show bullish intent This wave of buying could propel ETH as high as $2000 Ethereum saw powerful bullish momentum in the past week, but it slowed down in the […]
in the last few days. The FOMC meeting was also around the corner, and investors could be waiting on the sidelines for the fallout before making their decisions.From a technical standpoint, it appeared likely that Ethereum could witness a pullback toward $1400. However, the market structure remained bullish, and such a drop would offer opportunities to buy the asset.Since mid-September, Ethereum has traded within a range from $1270 to $1395.
However, in the past few days, the RSI began to make a series of lower highs. In the meantime, ETH made higher highs and tried to push past the bearish order block around $1600.
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: Decoding if ETH would lose sight of $1,600 and its dominance over this…ETH might need more than the current active addresses momentum to maintain the price rise. If not, the number one altcoin might lose hold on the $1,600 region, and possibly squander the dominance it has held for months. So, is there a chance that other parts of the Ethereum chain are making up for the minimal address increase?
Read more »
Ethereum: These mixed signals may leave ETH investors in a state of flusterAfter a long wait, ETH’s price action gave hope to investors. However, things did not look quite as promising for ETH in the derivatives market as its perpetual FTX open interest declined. Furthermore, most of the on-chain metrics hinted towards a trend reversal soon. Nonetheless, a few market indicators provided some relief to investors as they suggested a continued price hike in the coming days.
Read more »
Ethereum: These updates may help ETH investors navigate this week’s uncertaintyEthereum[ETH] kicked off this week with a slowdown of the bullish momentum that it delivered last week. Investors are now leaning towards the side of caution especially as the market enters another uncertainty period. The upcoming FOMC meeting might have a lot to do with the current outcome. Here’s AMBCrypto’s price prediction for Ethereum [ETH] […]
Read more »
Ethereum’s Buterin finds the bright side of the delays in ETF approvalsEthereum co-founder Vitalik Buterin believes that the cryptocurrency industry should not enthusiastically pursue huge institutional capital at full speed as it would bar the industry from operating independently. Here’s AMBCrypto’s Price Prediction for Ethereum [ETH] for 2023-24 According to the exec, even though regulation in the cryptocurrency industry could make it more acceptable among mainstream […]
Read more »
Assessing XRP’s flow after CTO furthers claims of outperforming BTC and ETHIn more recent timeframes, XRP seemed to have lost its supremacy over the top two cryptocurrencies, BTC and ETH. According to CoinMarketCap, XRP, trading at $0.000022, was down 6.14% in the last seven days. As for the thirty-day period, the value had decreased by 8.73%. It was the opposite situation for BTC and ETH.
Read more »