Ethereum's native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000.ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more or less — appears like a Bear Flag, a bearish continuation setup.ETH/USD … [Read more...] about Ethereum bulls retain hopes of $10K despite ETH price chart bear flag
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Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price
This year's 500% accumulated gain took Ether's (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how you see it, took Ether's price on a 390% rally from $290 in November 2017 to $1,420 in mid-January 2018. Maybe this year's mega rally was a DeFi and NFT bubble that will … [Read more...] about Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price
Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader
Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt szn is upon usMelker sees this period of Bitcoin’s price consolidation as particularly bullish for the second largest cryptocurrency, that recently reached new all time highs. Melker sees Ether’s outstanding performance as the … [Read more...] about Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader
Bitcoin Battles for $50k after $10k Dip and $4.4B in Liquidations
In brief:Bitcoin fell from $58,369 to a local low of $47,619Bitcoin then rebounded to $55k before once again dipping to the $47,600 levelThe volatility caused $4.4 Billion in liquidationsThe crucial $50k support hangs in the balance as February comes to a closeThere could be additional selling pressure with Bitcoin futures and options contracts expiring on Friday as well as the … [Read more...] about Bitcoin Battles for $50k after $10k Dip and $4.4B in Liquidations