Bitcoin, Ethereum Technical Analysis: ETH Selloff Intensifies Heading Into the Weekend – Market Updates Bitcoin News

was trading lower for a third straight session on Friday, as prices neared an 11-month low. This comes whilst the overall cryptocurrency market cap was down almost 1% as of writing. Bitcoin was slightly higher despite today’s increased volatility.Bitcoin marginally rose during today’s session, with prices consolidating in the aftermath of Thursday’s decline./USD drop to an intraday bottom of $28,261.91, which was a two-week low, however prices have somewhat rebounded today.

So far on Friday, bitcoin has moved above its floor of $28,800, hitting a peak of $29,696.16 in the process.This gain sees prices up by almost 1%, however price uncertainty still remains, due to its current proximity to the support level. Relative strength has also marginally risen, and now sits at 38.45, which is a stone’s throw away from a ceiling of its own at 39.80.make a run for $30,000 this weekend, bulls will need to band together and push past this resistance level on the RSI indicator.fell to a multi-week low for the second session on the bounce, as bearish pressure intensified on Friday./USD dropped to a low of $1,727.49 earlier today.

This move took ethereum to a fresh two-week low, with prices dropping to their lowest point since May 12, with a new support point being formed.Looking at the chart, this level seems to be the $1,750 level, which is marginally above an 11-month low at $1,705. Prices are currently deeply oversold, with the 14-day RSI hovering at 32.11. Should we see this move closer to 30, then it is likely that further drops will come.

$ETH down due to lack of confidence over PoS rollout, which people have real reservations over ↘️ Think the ethereum Proof-of-Stake system will work, then buy in while the market is uncertain? 👍 $ETH is also tied to the (broken) NFT market, so maybe some contagion there🤔

Keep calm, ETH is queen of blockchain...

Metavisa : Web 3.0 Credit Scoring Protocol By analyzing blockchain data, MetaVisa Protocol helps users to establish on-chain identity & credit records. DeFi NFTs GameFi DAO DApps cryptocurrency metaverse metavisa mesa

Letreyum

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Watch)Bitcoin's dominance continues increasing while large-caps like Ethereum, Cardano, Solana, and Avalanche keep bleeding out. SOL AVAX ADA are ponzi schemes like LUNA 😉 Might be helpful.👇 There is only one large-cap, it's called Bitcoin.
Fonte: Crypto_Potato - 🏆 568. / 51 Leggi di più »

Bitcoin Options Market Underscores Traders' AnxietyBitcoin options market shows that market sentiment remains extremely bearish, with Bitcoin trading below the $30,000 level
Fonte: Utoday_en - 🏆 295. / 63 Leggi di più »

After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum's Valuation Shrinks – Market Updates Bitcoin NewsAmid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest value since October 30, 2021. We're not worried 😇 LIKE IF YOU ARE LONG TERM BULLISH FOR BTC People, we need to tell everyone about this!
Fonte: BTCTN - 🏆 531. / 51 Leggi di più »

Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday – Market Updates Bitcoin NewsAVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process.
Fonte: BTCTN - 🏆 531. / 51 Leggi di più »