Etheruem price briefly dropped below a key support level in its USD and BTC pair, but traders say a “falling wedge” chart pattern provides guidance on when price could reverse course.
) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows.Here’s a rundown of what several analysts in the market are saying about the move lower forPrice consolidation will eventually result in a sharp move
“The question will be whether we can bounce from here and break the $1,940 level. If that happens, I'm assuming we'll continue $2,050. If it doesn't, then the markets are looking atAccording to Twitter analyst Crypto Tony, Ether price is “still looking for that leg down to load up on.
In general, continued weakness with the ETH/BTC pair has the potential to result in the price of Ether and altcoins trending lower while BTC could hold at its current price or even head higher as traders rotate out of underperforming positions into Bitcoin.
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.
Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,000 – Market Updates Bitcoin NewsBitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets.
Read more »
ETH/USD Forecast: Ethereum Does Almost NothingThe Ethereum market went back and forth on Wednesday as we are sitting just below the $2000 level.
Read more »
US Dollar Down but Not Out. Where to for USD/SGD, USD/THB, USD/PHP, USD/IDR?Even though the US Dollar weakened against most ASEAN currencies this past week, broader uptrends still remain in USD/SGD, USD/THB, USD/PHP and USD/IDR. Where to from here? Get your market update from ddubrovskyFX here:
Read more »
USD/JPY sticks to gains near 127.00 amid stronger USD, FOMC minutes awaitedThe USD/JPY pair surrendered its modest intraday gains and was last seen hovering near the lower end of the daily trading range, just below the 127.00
Read more »
JPMorgan places BTC fair price at $38K, declares crypto a preferred alternative assetMegabank JPMorgan says Bitcoin is undervalued, cryptocurrency has upside in the markets and crucial venture capitalists are sticking around for it.
Read more »
BTC, ADA and BNB Price Analysis for May 26Can ADA follow the bounceback of BNB or BTC? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
Read more »