CRYPTO NEWS - Crypto Market is in Green - Bitcoin Price is $22K
CRYPTO NEWS - Crypto Market is in Green - Bitcoin Price is $22K
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin Today
03:15 Ethereum News
04:27 Bitcoin Technical Analysis
05:12 Bitcoin Price Prediction
07:32 Outro
Ethereum (ETH)
This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed.
At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears remain in control of the price action and may take the cryptocurrency even lower, towards $1,500. The resistance is at $2,000.
Looking ahead, it appears that the uptrend from July and August has ended, and Ethereum is entering a significant correction. This could also continue for a while, especially given that the daily MACD turned bearish this week, and it will take time for it to curve back up.
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin Today
03:15 Ethereum News
04:27 Bitcoin Technical Analysis
05:12 Bitcoin Price Prediction
07:32 Outro
Ethereum (ETH)
This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed.
At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears remain in control of the price action and may take the cryptocurrency even lower, towards $1,500. The resistance is at $2,000.
Looking ahead, it appears that the uptrend from July and August has ended, and Ethereum is entering a significant correction. This could also continue for a while, especially given that the daily MACD turned bearish this week, and it will take time for it to curve back up.
