Day: February 11, 2025

Ethereum Holds ‘Bounce Or Die’ Level

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Este artículo también está disponible en español. Amid the market corrections, Ethereum (ETH) has retested a key multi-year support level, suggesting that a bounce to $4,000 could be near. However, some market watchers noted that ETH has tapped an “interesting level” against Bitcoin, which could signal the time to celebrate is not here yet. Related Reading Ethereum Holds Key Support Level Over a week ago, the crypto market saw its biggest retrace in months, sending Bitcoin and most cryptocurrencies to monthly lows. Ethereum dropped to $2,120, hitting its lowest price…

XRP Price Attempts a Turnaround—Can It Break Free from Resistance?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Short Positions Surge 500% In 3 Months

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Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by reported market cap, is facing unprecedented short selling from hedge funds. Notably, short positions in ETH have soared by 500% since November 2024, indicating heightened bearish sentiment toward the digital asset. Institutional Investors Losing Faith In Ethereum? According to a recent post on X by The Kobeissi Letter, Ethereum price is witnessing mounting challenges as short positioning in the cryptocurrency has ballooned in recent times. Notably, ETH short positions are up 40% in the last week, while…

Coinbase CEO: Bitcoin Adoption to Reach Several Billion People by 2030

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Bitcoin adoption is exploding, with billions expected to use it by 2030, Coinbase’s CEO predicts, as surging demand and regulatory wins drive unstoppable mainstream momentum. Coinbase CEO Predicts Billions Using Bitcoin by 2030 Brian Armstrong, CEO of Coinbase (Nasdaq: COIN), weighed in on the rapid adoption of bitcoin, responding to a post about cryptocurrency’s growth […] Original

Ethereum Price Faces Headwinds: Can Bulls Regain Control?

Este artículo también está disponible en español. Ethereum price is attempting to recover from the $2,500 zone. ETH might gain bullish momentum if it clears the $2,740 resistance zone. Ethereum started a fresh decline below the $2,700 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,740. Ethereum Price Eyes…

Will It Smash Resistance and Climb?

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Bitcoin price is consolidating above the $96,200 support zone. BTC is showing a few positive signs and might attempt to rally above $99,000. Bitcoin started a decent recovery wave above the $95,000 level. The price is trading above $96,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $98,000 zone. Bitcoin Price Eyes Fresh Increase Bitcoin price failed…

Cardano Is Showing Signs Of A Potential Rebound As Key Indicator Flashes A Buy Signal – Analyst

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Este artículo también está disponible en español. Cardano has faced significant volatility and selling pressure as the broader crypto market struggles to establish strong support levels. Since early December, Cardano has dropped over 61%, with its price action reflecting a persistent downtrend that has shaken investor confidence. Despite several attempts, the price has yet to show clear signs of reversing the bearish momentum that has dominated its performance over the past months. Related Reading Currently, Cardano is trading at a critical level, one that must hold to spark a potential…

Trump backs Bitcoin, the next mega rally could belong to XYZ

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump’s Bitcoin endorsement fuels market excitement, with analysts suggesting XYZ could have the next mega rally. Bitcoin’s endorsement by influential figures is bringing cryptocurrencies back into the spotlight. Meanwhile, XYZ, a lesser-known altcoin, is quietly gaining traction. Experts position it for a leading role in the next big rally. XYZVerse: The meme coin ready to conquer XYZVerse is stepping into the ring as the next heavyweight contender in the…

Bitcoin Shows Signs of Recovery as Leverage Decreases and Outflows Rise

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Bitcoin is now experiencing a break from last week’s steady decline, which saw the asset drop as low as $94,000. As of today, BTC’s price has steadily climbed, hovering above $97,000 at the time of writing—a 1.3% gain in the past day. Amid this Bitcoin price performance, a CryptoQuant analyst known as Crypto Lion has identified a meaningful decline in leverage and open interest (OI) ratios since November 21, following the presidential election. What does this indicate for the Bitcoin market? Leverage Ratio Decrease And Its Implications In a recent…