ETH – Page 5 – BitcoTasks BLOG

Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements

September 3, 2024

The Ethereum price action has significantly underperformed traders’ expectations over the past few months. Ethereum is currently trapped in a bearish trend, with its price now down by 23% over a 30-day period. This downturn contrasts sharply with the hopes of many ETH investors who have been anticipating a bullish surge following the launch of…

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Ethereum Price Gains May Fade Soon: Can Bulls Sustain the Recovery?

September 3, 2024

Eth

Ethereum price is attempting a recovery wave from the $2,400 zone. ETH must clear $2,550 to continue higher in the near term. Ethereum started a decent recovery wave above the $2,450 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with…

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Ethereum Price Eyes Downside Thrust: Will It Slip Further?

September 2, 2024

Eth

Ethereum price started another decline below the $2,550 support. ETH could dive toward the $2,250 support zone before the bulls emerge. Ethereum started a fresh decline below the $2,550 level. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,500 on…

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Ethereum (ETH) Struggles To Break Past $2,600: What’s Driving ETH Down?

August 31, 2024

Ethereum

Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising concerns among analysts and investors. This performance has led to disappointment, particularly when compared to Bitcoin’s stronger showing this year. Critical…

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Ethereum Price Freefalls 20% Following $600 Million ETH Liquidation

August 30, 2024

Cryptocurrency Market News

Ethereum has been on a wild ride lately. The cryptocurrency took a nosedive and crashed to a point where ETH changed hands around $2,550, having lost more than 20% of its value in the last 30 days. But despite this massive liquidation, Ethereum’s price forecast still looks rosy. According to Cryptorphic, Ethereum’s future could see…

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Ethereum Price Stages a Comeback, But Lacks the Bullish Punch

August 30, 2024

Eth

Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend…

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Ethereum Will Remain Bearish Until This Key Trading Reading Changes

August 29, 2024

Ethereum

Ethereum is steady at press time, as is visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation. From price action, it would take effort for bulls to take charge in the short…

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Ethereum Falls Below $2,500: Analysts Eye Potential Rebound At These Levels

August 29, 2024

Ethereum

Amid Ethereum’s continuous free fall in price, renowned crypto analyst Michael Van De Poppe highlighted the asset’s current weakness in a post on X earlier today and when there could be a potential rebound. Van De Poppe’s outlook comes at a time when Ethereum, the second-largest cryptocurrency by market capitalization, has continued to experience significant downward pressure,…

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Ethereum Price Hints at Recovery: Is a Comeback in Sight?

August 29, 2024

Eth

Ethereum price tested the $2,400 zone and recovered some losses. ETH must clear the $2,550 resistance zone to start a decent increase in the near term. Ethereum started a consolidation phase after a sharp decline to $2,400. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend…

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Signs Of A New Crypto Winter? Warren Buffett’s $1 Billion Stock Sales Spark Market Crash Fears

August 29, 2024

Cryptocurrency Market News

Amid growing global economic uncertainties looming over financial markets, including crypto, Warren Buffett has made a significant move by selling an additional $982 million worth of Bank of America stock. Buffett’s Sale Of Bank Of America Shares According to Bloomberg, this sale marks the continuation of his conglomerate’s reduction of investments in the second-largest US…

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Expert Warns Ethereum Faces A ‘Slow And Painful Death’: Here’s Why

August 28, 2024

Cryptocurrency Market News

Joe Consorti, an analyst at The Bitcoin Layer and advisor to self-custody app Theya, released an incisive critique on the future of Ethereum in comparison to Bitcoin, shedding light on why he believes Ethereum is facing a “slow and painful death.” Published on X, his analysis titled “The Slow & Painful Death of Ethereum” compares…

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