Category: Cryptocurrency News

The Ethereum rally continues and seems to be moving into FOMO levels. At press time, the second crypto by market cap has blasted through the major resistance at $4,000 and moves fast into price discovery. Related Reading | Ethereum Looks Set To Explode As 400,000 ETH Exits Coinbase Ethereum records 4% and 14% in the daily and weekly charts, respectively. The euphoria in the market seems to be driven by the launch of a Bitcoin-linked ETF in the U.S. The market has positively responded to this event and has allowed Ethereum and Bitcoin’s price to surge with a spike in institutional demand, as several experts have pointed out. Unlike some predictions, the ETF event doesn’t seem to be operating as a “Buy the rumor, sell the news” or a trigger for another capitulation event. In lower timeframes, Ethereum must hold above current levels to turn $4,000 into support and allow the rally to follow through in case of potential downside risk. As pointed out by pseudonym analyst John Wick, Ethereum entered a “volatility squeeze shading” with a bullish trend, as indicated in the image below. The analyst added: Squeeze shadings precede violent moves that are often the start of new trends. Green bars say probability to the upside! In that sense, losing the $3,000 area could signal a potential trend reversal to the downside. However, the second cryptocurrency by market cap could make a 5x profit from here. Related Reading | Ethereum Supply Shock Grows As Reserves Decrease, ETH 2.0 Contract Increases Ethereum ETF On The Way, Bulls With More Ammo In-Store Analyst Justin Bennett believes the key for more upside actions relies on Bitcoin. If the benchmark crypto can continue its upwards trend uninterrupted, Ethereum could follow right into its May trend line, as the analyst claimed. This could send Ethereum as high as $20,000 for 2022. In support of this theory, QCP Capital recorded an increase in ETH-based options with $10,000 to $50,000 strikes to be expired by March 2022 on the rise. Related Reading | TA: Ethereum Breaking This Barrier Could Spark a Significant Surge With the launch of the Bitcoin ETF, QCP Capital noted the following on the future of Ethereum: As we mentioned in our previous post on ETFs, long-term attention seems to be shifting from BTC to ETH with potential ETH ETF release after BTC, coupled with ETH V2 catalyst.

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I know BTC is breaking ATH, but I'm equally as happy to see ETH above $4k again. To everyone who bought ETH at or above $4k and held on, good job and thanks for not selling. The hodlers and the long term bulls are the ones who prevent large crashes by holding on tight and…
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September 2019 I asked: What are some fun or promising dApp and Ethereum projects to check out?. Then in December 2020 I asked: What are some fun or promising dApp and Ethereum projects to check out? 2021 edition. I though it would be nice to do a third take to see how much the scene…
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Bitcoin price action reenters uncharted territory after beating out final resistance before April’s existing peak.

Bitcoin price has done it and made a higher high, setting a new all-time high record above $65,000 according to several exchanges and the TradingView BTCUSD Index. What exactly does this mean for the first-ever cryptocurrency and the current market cycle? Read on to find out. Bitcoin Price Sets New Record ATH Above $65,000 The number one ranked cryptocurrency by market cap has just set another major milestone, and proven to the market that the bull cycle isn’t yet finished. It also means that the April 2021 “top” was nothing more than a mid-cycle pullback before the coin reached its final destination target closer to $100,000 or higher. Related Reading | Bitcoin “Supertrend” Begins As Buy Signals Stack On All Major Timeframes Targets for the cryptocurrency reach as high as several hundred thousands per coin at the conclusion of this cycle. Future estimates have reached as much as $10 million per BTC based on the stock-to-flow model. The recent Bitcoin ETF approval ended any second guessing or speculation over whether or not the bull market had ended, or if a bear market had began. Bear markets don’t have dead cat bounces that lead to new all-time highs. The higher high also keeps the uptrend in tact by the pure definition of the term. There you have it, folks: A new all-time high is set. Where does it end? | Source: BTCUSD on TradingView.com BTC Back In Price Discovery, What Happens Next? Technicals have suggested this push higher was coming. The monthly Bitcoin RSI is back in the bull zone, and most other technical indicators are leaning bullish on high timeframes. What has thrown many market participants off, has been an overheated technical picture on the daily that is heavily dominated by the higher timeframe signals. Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone” With no resistance above, the market will be less likely to sell or go short, because there is no telling how high Bitcoin price could go from here. Each successive peak will cause the same wide-sweeping question if the top is in, until it is. This could make for a final leg up that moves faster than most are expecting, with very few or limited pullbacks to buy in. What’s worse, is that the final leg of a bull run usually does mean a bear market is coming, and is due to arrive the moment the actual peak is in. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Hi! To everyone who HODLED during these months: I LOVE YOU! Everyone of you have diamonds balls!!! We just made history that after all the FUD these months, we still climbed our way back. Crypto is here to stay and step by step the adoption is getting real! El Salvador is already profiting by adopting…
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Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even digital assets in the future. Foreign Ministry Official Sees Russia Acquiring […]