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Bitcoin price fell below the $57,000 level today, sparking a widespread sell-off in ETH and altcoins but traders say the current range presents an “attractive entry” for hodlers.
“The Market Report” with Cointelegraph is live right now with special guest Michael Kong, CEO and chief information officer of Fantom Foundation.
The potential price decline would also mark Ethereum's return to its Ascending Channel support.
Many analysts agree that the "dynamic support" could boost accumulation sentiment in the Ethereum market.
BTC hit a new all-time high! It didn't last long, however...
The plunge points at a growing lack of interest among traders and investors to become "full validators" on its upcoming proof-of-stake blockchain.
UMA, LRC and GNO broke out on the heels of Ethereum hitting a new all-time high and BTC price trading above a key resistance.
The world’s second-largest cryptocurrency crossed the $4,700 mark following Bitcoin's rally.
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon.
Analysts say ETH’s breakout to a new all-time high is just the beginning and one 2017-era fractal pattern targets a $14,000 Ethereum price in the near future.