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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Crypto trader and analyst Ali Martinez says Ethereum (ETH) is dangerously close to a major support level. Martinez tells his 123,000 followers on the social media platform X that Ethereum could plunge approximately 39% from the current level to a price of $1,700 if the support level at around $2,500 fails. ETH is worth $2,712 at time of publishing. Martinez’s chart suggests Ethereum is slightly above the lower trendline of an ascending channel pattern on the 12-hour time frame. While an ascending channel pattern is generally considered a bullish signal, a breakout below the lower trendline suggests a bearish reversal. The crypto trader, however, says that if the $2,500 support level holds, Ethereum could appreciate by up to 117% from the current level. “If Ethereum holds above $2,500, it could rebound toward $4,000 or even $6,000.” Source: Ali Martinez/X Next up is the native token of the layer-1 blockchain Avalanche (AVAX). Martinez says that AVAX...

The two founders behind a leading blockchain data firm are diving into what has fueled Bitcoin’s (BTC) most recent venture past $100,000. According to Glassnode co-founders Jan Happel and Yann Allemann, inflation data sparked this week’s BTC rally to over $100,000. “With inflation data meeting expectations, Bitcoin has surged back above $100,000! Next steps: Flip $102,000 into support, breaking the price compression below this zone. A loss of $100,000 could lead to a retest of the $97,200–$98,500 support, aligning with the lower end of the ascending channel. A daily close above $102,000 sets sights on $104,000, and eventually, the upper channel at $108,000. Will Bitcoin breakthrough pull back?” Source: Negentropic/X BTC is trading for $101,604 at time of writing, up 7% in the last two weeks. Moving on to top Ethereum rival Solana (SOL), Happel and Allemann say that SOL is eyeing a major rally as well. “SOL Eyes a Breakout...

A top analyst who accurately called the end of the 2022 crypto bull market thinks Ethereum (ETH) is poised to rally in both its Bitcoin (ETH/BTC) and US dollar pairs. Pseudonymous analyst Pentoshi tells his 826,200 followers on the social media platform X that ETH/BTC looks good after respecting its support at 0.30 BTC. According to the crypto strategist, ETH/BTC may bounce to as high as 0.4597 BTC. “Very promising start. Let’s see if we can get to the target.”  Source: Pentoshi/X At time of writing, ETH/BTC is trading for 0.0373 BTC worth $3,563. As for Ethereum against the dollar, Pentoshi thinks it is within the realm of possibility for ETH to surge above $4,000. “No reason this doesn’t challenge this year’s highs, or higher in my opinion. Which likely has confluence with the ETH/BTC target posted.” Source: Pentoshi/X He also thinks that the rally will be driven by investors allocating hundreds of millions of do...