Price & Time Indicate Rally To $350

Ethereum is up over 8% and it broke the $325 resistance zone against the US Dollar. ETH price tested the $330 level and it is likely to continue higher towards $350. Ethereum is surging and it is now trading well above the $300 handle. The price traded to a new monthly high at $300 and it is currently correcting lower. There is a major ascending channel forming with support near $318 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher above $330…

Bitcoin Price Rally to $10K Has Not Shaken BTC Holders Yet — Data Shows

Bitcoin (BTC) may have only held $10,000 for a matter of hours, but according to glassnode, an on-chain monitoring resource, this moon is not like others in 2020. On July 26 Glassnode uploaded surprising data about Bitcoin’s latest trip to five figures and suggested that the current journey above $10,000 will be much different than the last few. Bitcoin hodlers delay on selling at $10,000 As Cointelegraph reported, BTC/USD suddenly crushed the last remaining resistance below $10,000 on Sunday, rising to hit highs of $10,200. The excitement was short-lived, with…

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309.  The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close.  Crypto market weekly price chart. Source: Coin360 Technicals aside, Ether’s rapid ascent to $309 could also be receiving a sentiment boost from the news that the total value of funds locked…

Here’s the Crucial Level That Could Spark an Ethereum Rally to $1,000

Ethereum is currently in the process of consolidating following its immense uptrend seen throughout the past couple of days. The cryptocurrency is showing some signs of strength as it trades within the $270 region. It is a strong possibility that the two assets will remain closely correlated in the days and weeks ahead, which means that ETH may not be able to push any higher until Bitcoin can shatter the massive resistance it faces within the upper-$9,000 region. One analyst is also noting that Ethereum is currently pushing up against…

After Parabolic Rally, Altcoins May Soon Retrace Against Bitcoin: Indicator

Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s rally against it. What does this mean for Bitcoin, and how will certain altcoins withstand the coming blow to their market share from BTC dominance? BTC Dominance Signals Buy, Potential Bull Flag Formation Could Wreck Alts BTC dominance is a metric that weighs the first-ever cryptocurrency against the rest of…

Bitcoin Rally in Danger? Wall Street Veterans Warn of Nasdaq Bubble

Ned Davis, who has operated his namesake Wall Street research firm since 1980, believes a Nasdaq bubble is forming. Based on the rough correlation between Bitcoin (BTC) and stocks in recent months, it could negatively affect the crypto market. Since March 2020, Bitcoin and the S&P 500 saw an uncanny correlation. There were some periods where BTC was stagnant during a stock market rally, especially from May to June. But for the most part, the correlation has remained high. On July 9, the correlation between Bitcoin and the S&P 500 reached…

What’s Behind Maker’s Showstopping 48-Hour, Almost 40% Rally?

Decentralized finance tokens all over the crypto market are soaring. First, it was Compound stealing the limelight with yield farming, then recently, it was Aave (LEND) with a shocking 300% surge. Now it appear’s to be Maker’s turn. Is this massive rally in Maker really due to DeFi continuing to defy all odds, or is something else at play? And what do technical indicators potentially say about the altcoin asset? Make Way For Maker’s Nearly 40% Surge in 48 Hours Over the last 48 hours, the crypto asset known as…

Ripple (XRP) Bullish Breakout Seems Real: Indicators Suggest Sustained Rally

Ripple is up over 2% and it broke the main $0.2000 resistance zone against the US Dollar. XRP price is trading in a positive zone and it could continue to rise towards $0.2120 or $0.2150. Ripple price broke a couple of important hurdles near the $0.2000 level against the US dollar. The price spiked towards $0.2050 and it is currently correcting gains. There was a break above this week’s followed bullish flag with resistance near $0.1990 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

Ethereum Soars To $270: Here’s Why ETH Could Rally Further To $285

Ethereum rallied over 8% and it surged above the crucial $250 resistance against the US Dollar. ETH price is trading in a strong uptrend and it could continue to rise towards $280 or $300. Ethereum is up more than 8% and it broke the $250 and $260 resistance levels. The price is now trading well above the $250 barrier and the 100-day simple moving average. There is a significant bullish trend line forming with support near $244 on the daily chart of ETH/USD (data feed via Kraken). The pair is…

Bitcoin Rally Will Continue, Analyst Asserts With Three Bullish Indicators

Bitcoin expects to hold its long-term bullish bias as long as it trading above $8,800, according to market analyst Mohit Sorout. Bitazu Capital’s founding partner based his analogy on three bullish technical indicators, each signifying a favorable buying sentiment in the cryptocurrency market. A modest rally in the Bitcoin market on Tuesday promised to improve its short-term outlook. A day later, the cryptocurrency corrected lower on profit-taking sentiment, signaling it may negate all its recent gains in favors of bears. However, Mohit Sorout believes the next Bitcoin plunge will do…