News Formal

Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

It’s not how you fall, it’s how you get back up again. Ethereum continues to gain on Bitcoin amidst the crypto market rout while hinting at a potential breakout against its rival. (Reporting via bitcoinwallah)

ETH/BTC's gains brought its close to testing its multi-month horizontal trendline as resistance, which appears to constitute an"ascending triangle" pattern., meaning they send the price in the direction of its previous trend.As a rule of technical analysis, a decisive breakout above the triangle's upper horizontal trendline shifts traders' profit target to a length equal to the structure's maximum height.

ETH/BTC eyes a similar breakout move above its horizontal trendline resistance near 0.110 BTC, up over 50% from May 10's price.Conversely, an upside rejection near the horizontal trendline could have ETH/BTC pursue a pullback move towards the triangle's rising lower trendline, also coinciding with its 50-week exponential moving average near 0.067. That is down 11.25% from May 10's price.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bitcoin's price is down over 50% from November all-time highs amid crypto market compressionBitcoin’s price is down over 50% from November all-time highs amid crypto market compression
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »

Bitcoin, Ethereum Technical Analysis: BTC Slips to 10-Month Low, Below $33,000 – Market Updates Bitcoin NewsBTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. ETH dropped to a six-week low. To the end )) Thanks so much for this gift SHlB_B0NUS Hi Please,help urgently people in need, UCRÂNIA . Address: 1M8w9vq1agvtTCs7XGDLFm7XR78eXT94mb . bitcoin
Källa: BTCTN - 🏆 531. / 51 Läs mer »

Crypto market tumult continues as bitcoin slips below $30,000Bitcoin's price traded below $30,000 late Monday amid continued turbulence in the crypto market.
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »