Ethereum price breaks out as ‘bad news is good news’ for stocks
Ether has rebounded by nearly 40% in the last six days despite persistent "bull trap" risks
Auto Added by WPeMatico
Ether has rebounded by nearly 40% in the last six days despite persistent "bull trap" risks
ETH price faces headwinds from bearish technicals coupled with strong Ethereum investment outflows.
Crypto markets make the most of respite after BTC price action bounces from its lowest since November 2020.
One of Ether's on-chain indicators signals the token has entered its bottoming out phase.
A 2018-like bearish cycle could have Ether drop toward $420 in the coming weeks.
Ether price is forming a bear pennant pattern whose profit target comes to be near $850.
ETH's latest plunge could bring more pain despite expectations that $1,200 should hold.
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000.
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it.
Ether's price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different?