Bitmine has increased its bet on Ethereum (ETH) with a $137 million purchase, as the King of Altcoins reclaims the crucial $2,150 level, and some market observers call for the end of the crypto market correction. Bitmine Adds 65,000 ETH Amid End Of Crypto Winter Calls On Monday, the largest Ethereum treasury in the world,…
Tag: Crypto Market Recovery
The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal Since September
As the crypto market bounces, a key indicator has flashed a key bullish signal on the Ethereum (ETH) daily chart, suggesting the end of its six-month downtrend could be near. However, some analysts have warned investors of a possible bull trap and a subsequent reversal to new lows. Ethereum Eyes Trend Reversal Ethereum kicked off…
Bitcoin ‘Sandwiched’ Between Two Key Zones As Price Tops $71,000 – Major Move Ahead?
Bitcoin (BTC) is retesting resistance levels as its price recovers the $71,000 mark. However, an analyst has warned that the bear market is expected to continue and that the latest bounce could be short-lived. Bitcoin Eyes Reclaim Of Former All-Time High Resistance On Tuesday, Bitcoin surged 7.5% from the Sunday lows toward the $71,000 area,…
Dogecoin Risks More Pain As Price Retests Critical Support – Analyst Warns Of 37% Breakdown
While some market observers remain optimistic about Dogecoin (DOGE)’s long-term prospects, an analyst has identified a bearish continuation pattern in the short-term chart that could lead to another major correction for the memecoin. Dogecoin Bottom May Be Lower On Monday, Dogecoin bounced 3% from Sunday’s lows and reclaimed the $0.091 level, which had been lost…
Ethereum ETFs Record Best Single-Day Performance Since January With $169M Inflows
As the crypto market bounces from the latest shakeout, Ethereum (ETH) and investment products based on the King of Altcoins recorded a remarkable single-day performance, potentially setting the stage for further recovery. Ethereum ETFs Recover Amid Market Bounce Ethereum-based spot Exchange-Traded Funds (ETFs) recovered from Tuesday’s weak performance and recorded their best single-day in nearly…
Ethereum’s Fate Hangs On This Multi-Year Support – Recovery Or Deeper Pullback Next?
As the end of the month approaches, Ethereum (ETH) is attempting to end February above the crucial $2,000 barrier. Some analysts have suggested that the upcoming monthly close could determine the fate of the King of Altcoin’s price trajectory. Ethereum Trajectory Could Be Defined This Weekend On Thursday, Ethereum briefly fell from its recent highs…
XRP Rally Incoming? Analyst Forecasts March-April Recovery If This Level Breaks
During the Wednesday market recovery, XRP surged 7.9% to hit a one-week high of $1.47. The cryptocurrency has been hovering between $1.35-$1.50 over the past three weeks but has failed to break above the local range’s upper boundary. As the price nears this resistance once again, an analyst has suggested that a short-term rally toward…
SUI Eyes Price Recovery As Institutional Exposure Expands With Grayscale, Canary ETF Launches
As the first two spot SUI exchange-traded funds (ETFs) debut in the US, some analysts have suggested that the cryptocurrency could be preparing for a massive recovery after bouncing from a crucial support level. SUI’s Institutional Momentum Expands On Wednesday, Grayscale and Canary Capital debuted the first two spot SUI ETFs, offering direct, regulated exposure…
Solana Reclaims $80 Amid Friday Market Bounce – Analysts Set Next Targets
As the crypto market recovers, Solana (SOL) has bounced from a major level trendline and momentarily reclaimed a key horizontal level. Some analysts have signaled that a retest of a crucial short-term resistance could be coming, while others have warned that a breakdown to new lows remains possible. Solana Bounces From Two-Year Trendline On Friday,…
XRP Positioned For Major Structure Shift As Price Tests Critical Level
After recovering from last week’s lows, XRP has been moving sideways, hovering between $1.40 and $1.45 during the past four days. As the price attempts to hold its local range lows, a market observer has affirmed that the cryptocurrency could be preparing for a potential recovery if its critical level holds. XRP At Critical Inflection…