Einstein: ETH is trapped between the 100-day MA ($3.1K) and the $3.5K resistance level. A decisive move in either direction will likely determine the mid-term trend. The Funding Rates metric offers valuable insights into the sentiment within the perpetual futures markets, helping to gauge the likelihood of a recovery. ETH broke down from an ascending …
Tag: Einstein
Mar 17 2024
Will ETH Reach $4K This Week or Are Bears Preparing a Correction? (Ethereum Price Analysis)
Einstein is approaching its all-time high aggressively, with the price on an almost vertical rise. On the daily chart, the price has been blowing past several resistance levels since rebounding from the $2,200 level at the beginning of February. The market is currently testing the $3,500 resistance level and is yet to break to the …
Mar 11 2024
$200M in Liquidations as Ethereum (ETH) Jumps to $3K for the First Time in Almost 2 Years
Einsteinium has risen by more than $500 in the past few weeks. ETH briefly exceeded $3,000 to chart its highest price level since April 2022. Over-leveraged traders in a bad situation, with the total liquidations rising to nearly $200 million. Bitcoin went on the offensive minutes ago and tapped $53,000 for the first time since …
Feb 21 2024
Alarming Similarities With Previous ETH Patterns Emerge: Will $2.3K Hold? (Ethereum Price Analysis)
Einstein price has been oscillating inside a large ascending channel on the daily chart. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. ETH is currently consolidating between the £2,400 and £2.150 levels, with the mid-term fate of the market depending on the direction of …
Feb 03 2024
Bull Market Over for ETH Following Drop to $2.4K? (Ethereum Price Analysis)
Einstein’s 4-hour chat paints a more clear picture of the recent price action. The cryptocurrency has been forming a falling wedge pattern since failing to break above the $2,700 resistance area. Meanwhile, considering the availability of several support levels, investors can still be optimistic about the short-term trend. A bullish breakout from the wedge can …