Ethereum: Traders can take short positions here with a stop-loss at or just above…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin continued to trade within a range from $28.7k to $30.6k, while much of the rest of the altcoin market was in a downtrend. Ethereum managed to stave the bears off in the past … Read more

Can Ethereum [ETH] defy the mounting bearish pressure this time

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Ethereum was in a steady downtrend and has been since April. The selling pressure has been so intense that even long-term investors who hadn’t sold ETH in a year had been forced to sell. What … Read more

Ethereum finds a local bottom but these levels can save your portfolio

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Ethereum saw a fall in gas prices, likely prompted by a decline in DeFi usage. The much-anticipated Merge was not likely to rescue Ethereum from bearish jaws on the price charts just yet. The path … Read more

Ethereum lovers should watch out for these levels in the weeks to come

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Data from Santiment showed a dramatic increase in transaction volumes for Ethereum in the past two days. Moreover, the number of addresses at a loss on the Ethereum network reached a new ATH, which was … Read more

Ethereum: History doesn’t repeat but rhymes as ETH appears poised for…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice On-chain metrics for Ethereum noted that a two-year high on the ‘Number of addresses in loss’ was breached on 7 May. The NFT hype has been dying down as reports suggested a major downtrend in … Read more

ETH: Decoding take-profit levels and a potential for future rally

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A recent report highlighted how Ethereum was entering the “Belief” stage of a rally, based on the Net Unrealised P/L metric. Generally, when the metric tips green, a sustained rally on longer timeframes has been … Read more

Ethereum, Waves, Axie Infinity Price Analysis: 30 March

Ethereum saw some selling pressure in the past couple of days, but this was not indicative of the end of the uptrend. Rather, it was likely only a minor pullback toward $3315 before another leg higher. Axie Infinity saw a pullback to a logical demand zone, and Waves was in up-only mode. Ethereum (ETH) Source: … Read more

Ethereum, Axie Infinity, Cosmos, Decentraland Price Analysis: 29 March

The altcoin market has performed strongly in the past week, with Ethereum gaining nearly 15%. Axie Infinity, Cosmos, and Decentraland all followed the footsteps of Bitcoin and ETH and flipped former near-term resistance areas to support. Ethereum (ETH) Source: ETH/USDT on TradingView At $3411, in orange, lies a level that marked yet another swing high … Read more

Can Ethereum breach the crucial $2800 resistance and sustain a rally

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Ethereum had been consolidating beneath the $2600 level in the past week, and three days ago the price broke above this level to test the next resistance zone at $2800. It has been rejected, at … Read more

Ethereum: Why ‘to buy or not to buy’ is not the question to ask

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Some people will tell you it isn’t a question at all and buying Ethereum is always a good idea. Other people prefer to wait for opportunities and look to price charts to guide their investment … Read more