Ethereum’s spot setup looks grim, but derivatives data tells a different story
Ether price is stuck in a rut, but derivatives data shows pro traders are bullish even with ETH below $3,000.
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Ethereum ‘head & shoulders’ chart pattern puts ETH price at risk of dropping to $2K
The bearish setup positions Ethereum price to extend the decline toward $2,000.
Data shows parabolic-style growth in layer-2-based DeFi and DEX platforms
Layer-2-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge.
Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K
Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone.
Price analysis 9/20: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, AVAX
Bitcoin and most major altcoins have dropped to their critical support levels, which is likely to attract strong buying from the bulls.
Crypto Market Values Nosedive Amid Global Market Meltdown, Widening Default Risks
Crypto markets have dropped a great deal in value over the last 24 hours as crypto assets across the board have lost anywhere between 7-15% in value during this time…
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