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
Bulls
BNB bulls rejoice as Binance Smart Chain activates automatic burning mechanism
Binance Smart Chain (BSC) has finally activated its BEP-95 upgrade which would lead to the phase out of the old manual burning method to an automatic burning mechanism. Though the burning mechanism shares a few similar features with that of Ethereum’s EIP-1559, there are quite a number of differences in both burning methods.Binance’s BEP-95 is liveEarlier in the week, the BSC … [Read more...] about BNB bulls rejoice as Binance Smart Chain activates automatic burning mechanism
Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price.Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair … [Read more...] about Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
Ethereum’s native token, Ether (ETH), could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers.The rising trendline has been triggering ETH’s price rebounds since the beginning of October and comes as a part of a broader ascending channel range.ETH/USD 4-hour price chart featuring the ascending … [Read more...] about Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
As Crypto Bulls And Bears Abound, Who Should You Believe?
Every time the zeal for digital assets from crypto enthusiasts crescendos, so does the derision from crypto critics.Recently, as bitcoin futures exchange-traded funds made their debuts in the U.S. and the price of the world’s largest cryptocurrency by market value leaped above $65,000, a world-renowned economist and a star bond fund manager took to social media and the airwaves … [Read more...] about As Crypto Bulls And Bears Abound, Who Should You Believe?