2 hours ago
Ethereum’s native token, Ether (ETH), recently fell below its longest-standing support level against Bitcoin (BTC), prompting top analysts to suggest it is “dying a slow death.” Ether breaks key support level The ETH/BTC pair has slipped below the ascending trendline support that has marked market bottoms since 2016. This trendline previously triggered notable rebounds, including a 300% rise between December 2020 and December 2021 and an 1,800% surge between January 2017 and May 2017. However, in November 2024, Ethereum bulls failed to hold the support, with ETH/BTC dropping about 15% below it amid increased trading volumes. In technical analysis, losing
CryptoIntelligence
You can visit the page to read the article.
Source: CryptoIntelligence
Tags :
Bitcoin Blockchain News Crypto News Today Crypto Intelligence
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Best 5 Cryptos Ready to Skyrocket – The Best Buys Before Bitcoin Hits $100,000
The cryptocurrency market has seen a significant surge, with Bitcoin nearing the $100,000 milestone, sparking widespread excitement across the sector. The total market capitalization for blockchain technology recently surpassed $3 trillion, marking a pivotal development in the industry. As Bitcoin maintains its leading position, many analysts predict a shift in CryptoIntelligence
Cardano Foundation Releases 2023 Financial Report, Unveils Expenses Across 3 Major Areas
The Cardano Foundation handled several projects in 2023, including launching an open-source programming language and developing new solutions. CryptoIntelligence
