These indicators show how the equities sell-off is influencing crypto prices to fall down

Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the second time in 2022 that most cryptocurrencies have suffered a price loss of over 10%. Over the last month, BTC has accumulated a 23.57% loss while Ethereum has a 26.32%. Meanwhile, US … 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

Is the NFT hype fizzling out or is there something else at play here

Recently published report suggests a major downtrend in NFT sales. This led to calls of a worrying NFT market sentiment which are gradually being quashed after big performances recently. Nonfungible published a report talking about the NFT market performance during the Q1 of 2022. The report has raised many eyebrows after being published, indicating a depleting … Read more

New data regarding stablecoin activity says this about the market sentiment

The crypto market is facing a testing start to May. With the Feds announcement, the market has faced two major dips already with the latest being a 3.7% dip. Amidst this, there has been yet another statistic has come out that can cause a bit of worry and raise a lot of eyebrows. Stablecoins, namely … Read more

Ethereum: Despite bleak price action in ETH, here’s what derivatives data has to say

Ethereum’s progress seems to have absolutely stalled as the king of altcoins has failed to recuperate its losses from the first quarter of the year. Edging around $3k, ETH was still doing better until the end of April, right after which the altcoin lost extremely crucial support that could have helped it bounce back towards … Read more

Bitcoin climbs as Fed confirms “inflation is much too high”

Bitcoin rose as much as 3% today as the chair of the Federal Reserve, Jerome Powell, directly addressed the American people, declaring that “inflation is much too high” and “we have the tools to bring inflation down.” Powell also gave the market some guidance as to what can be expected for the rest of the … Read more

Three reasons why Ethereum [ETH] is likely to reach $3,800 soon

Ethereum price shows an interesting development over the course of last week. Despite crashing down, ETH seems to be in a position to show positive returns this week that could push it higher to significant levels. Ethereum price recovery in progress Ethereum price crashed 23% over the last month and set a swing low around … Read more

Can Ethereum [ETH] unlock its buying potential after hitting this support level

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum (ETH) left its short-term investors fairly dissatisfied after failing to uphold the marks of its Point of Control (POC, red) at $3,000. The ripples of the broader selling sentiment pulled the alt to … Read more