Ether (ETH) traders might have a few reasons to panic after today's 13% drop down to $4,100. The swift pullback appears to have broken a 55-day ascending channel that had a target at $5,500.Ether/USD price at FTX. Source: TradingViewThose not worried about technical analysis will understand that the cryptocurrency's 3.4% daily volatility justifies the 10% negative price swing. … [Read more...] about Traders watch for a trend reversal after Ethereum price drops to $4,100
Reversal
Traders look for Bitcoin price daily close at $41K to confirm bullish reversal
Bitcoin started the week with a strong breakout to $40,900, but today bulls are trying to hold Bitcoin price above the $40,000 level. As the price broke from the $31,000 to $39,000 range on June 14, traders speculated that setting a daily higher high and a close above $41,000 would set BTC up for a move to $47,000, but a lack of sustained buy volume and the much-discussed … [Read more...] about Traders look for Bitcoin price daily close at $41K to confirm bullish reversal
Bullish reversal? Traders debate whether $37K BTC price is a trend reversal
The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether or not BTC was entering a long-term bear trend and the argument has been further complicated by a mixture of positive and negative headlines including the adoption of Bitcoin (BTC) as legal tender in El … [Read more...] about Bullish reversal? Traders debate whether $37K BTC price is a trend reversal