Raoul Pal, the CEO and founder of Real Vision, thinks the Ethereum chart is “gorgeous” and expects the coin to increase in the months ahead. Though it is unclear when the coin will break from the current consolidation and extend gains of the recent few weeks, the endorsement from the founder can be bullish for the…
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Ethereum price corrected lower from the $1,875 zone against the US dollar. ETH retested the $1,780 zone and might soon attempt a fresh surge. Ethereum holds the key support at $1,780 and $1,750. The price is trading below $1,820 and the 100-hourly Simple Moving Average. There was a break above a steep bearish trend line…
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Data from Glassnode shows Ethereum is still experiencing negative momentum despite the year-to-date rise that the asset has observed. Ethereum MVRV Ratio Has Recently Indicated Negative Momentum According to the latest weekly report from Glassnode, the MVRV ratio has recently been below its 180-day moving average (MA). The “Market Value to Realized Value (MVRV) ratio”…
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Ethereum price popped above the $1,850 resistance against the US dollar. ETH is showing positive signs and might soon climb toward the $2,000 resistance. Ethereum is slowly moving higher above the $1,850 resistance zone. The price is trading above $1,820 and the 100-hourly Simple Moving Average. There was a break above a key declining channel…
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As November 2023 unfolds, the crypto economy is buzzing with market activity, showcasing a striking performance from bitcoin (BTC) alongside a steady progression from ethereum (ETH). Crypto markets are calm and consolidated at the moment, as market observers and traders wait for the news stemming from the Federal Open Market Committee (FOMC) policy announcement. Bitcoin…
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Ethereum price is still struggling to clear the $1,850 resistance against the US dollar. ETH might rally again if it clears $1,820 and $1,850. Ethereum is still facing a key barrier near the $1,850 zone. The price is trading above $1,785 and the 100-hourly Simple Moving Average. There is a major rising channel forming with…
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On-chain data shows the Ethereum Market Value to Realized Value (MVRV) ratio has entered inside a danger zone that has historically led to tops. Ethereum MVRV Ratio Has Surged Into The Danger Zone Recently In its latest insight post, the on-chain analytics firm Santiment has talked about some underlying metrics related to ETH. First, the…
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Bitcoin continued to trade under the $35,000 level on Tuesday, as markets prepared for the upcoming U.S. consumer confidence report. It is expected that the confidence index will come in at a reading of 100 in October, down from 103 the month prior. Ethereum remains above $1,800. Bitcoin Bitcoin consolidated on Tuesday, as markets braced…
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Ethereum price is slowly moving higher toward the $1,850 resistance against the US dollar. ETH must clear $1,820 and $1,850 to continue higher. Ethereum is still facing a major hurdle near the $1,850 zone. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support…
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Ethereum once again rallied above the $1,800 level on Monday, ahead of a highly significant week of U.S. economic data. Over the next few days consumer confidence, and nonfarm payrolls will be reported, ahead of a Federal Reserve policy meeting. Bitcoin continued to trade close to the $35,000 zone. Bitcoin On Monday, bitcoin remained near…
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