It’s not just the temperature that’s rising. Ether successfully avoided a bearish technical setup to reach a two-month high against Bitcoin, but how long will the summer ETHwave last?
ETH/BTC has rallied by more than 22% since the announcement, reaching 0.067, its highest level since May 25. Furthermore, the pair's sharp upside move has pushed its net retracement gains to 37% when measured from June 13's local bottom of 0.049.Strong fundamentals led by the Merge launchtoward the 0.072–0.076 area. This range was instrumental as resistance in January and March–May. Therefore, it should serve as the next upside target for Ether bulls.
But there's a catch. Notably, ETH/BTC has been showing signs of a weakening upside momentum near what appears to be a strong resistance confluence. That includes a falling trendline resistance, a Fibonacci retracement line , and a support-turned-resistance area , as shown below.In addition, ETH/BTC's daily relative strength index, a momentum oscillator indicator, has
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Options Signal Ether Strength for First Time in 6 MonthsEther's options market turned bullish for the first time since early January as the cryptocurrency hits a one-month high. godbole17 reports
Leer más »
Ether Futures See $230M in Liquidations as Merge Pushes ETH to $1.5KFutures tracking ether saw over $230 million in losses in the past 24 hours as buying pressure built up on the world’s second-largest crypto by market capitalization ahead of an essential catalyst in September. By shauryamalwa
Leer más »
The 'Merge Trade' Has Begun, Experts Say, as Ether Surges And stETH Discount NarrowsRenewed clarity about Ethereum's 'merge' upgrade's timeline seems to have galvanized investor interest in ether and its staked derivative on Lido finance called stETH, offering a reprieve to the battered cryptocurrencies. godbole17 reports
Leer más »
Bitcoin hodlers will 'soon see why' $21.6K BTC price pump is fake — traderDead cat bounce? Binance traders load accounts with BTC as Bitcoin rises to weekly highs.
Leer más »
Ethereum traders gauge fakeout risks after 40% ETH price rallyEther could crash by 45% because its ascending triangle breakout looks unconvincing.
Leer más »
Bitcoin Saw Largest Transfer Volumes on These Two Events: ImplicationsBitcoin records highest transfer volumes on these two occasions BTC Cryptocurrency
Leer más »