The findings of the following analysis are the sole opinions of the writer and should not be considered investment advicesaw a relatively dull week. The selling re-emergence pulled the altcoin below the four-hour 200 EMA to reveal its bearish edge.
Over the last few days, ETC broke into high volatility after reversing from the $44-zone. This selling comeback helped the bears find a close below the 20/50/200 EMA in this timeframe. However, with the bears aiming to inflict a bearish crossover of the 20/200 EMA, the bulls still need to ramp up buying volumes.Should the broader sentiment continue to fuel the bearish vigor, the altcoin would likely see a reversal from the near-term EMAs in its southbound journey. If the buyers remain adamant about defending the $32-level, ETC could mark a compression phase.The Relative Strength Index saw a solid surge from the ashes of its oversold lows.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Classic [ETC]: When the next market phase rolls around, ETC will be…Imagine if one could measure a cryptocurrency’s demand level by the strength of its bounceback. Ethereum Classic would have been worth looking at then, especially after its 260% rally from its 2022 lows. the question, however, is – Can it carry the same momentum in its next recovery phase? Ethereum Classic’s press time price of […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum: Reasons why ETH’s drop below $1,600 could be crucial for tradersDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the past month, Ethereum [ETH] grew to set foot in the apex region of its long-term rising wedge on the daily chart. Post reversing from the upper band of the Bollinger Bands (BB), […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
ETH All-Core Developer meeting calms sell-off fears as Merge news shows confidenceThe Ethereum [ETH] All-Core Developer meeting concluded late on 18 August as they prepare for the upcoming Merge. Several important matters were discussed including the consequences of sanctions imposed on Tornado Cash. The developers also discussed problems that have shown up since the testnet merge for the Ethereum PoS transition. Reporter Christine Kim and Ethereum […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum: Assessing reasons behind decline in daily revenue on networkFees paid to process transactions on the Ethereum [ETH] network are at a one-year low, data from IntoTheBlock revealed. This can be primarily attributed to the movement of transactions. These were previously executed on mainnet Ethereum to Layer 2 scaling solutions (L2s). At the time of writing, the total fees paid to use the Ethereum […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
The Ethereum Merge may be eco-friendly, but is it miner-friendlyThe much-talked about Ethereum [ETH] Merge is around the corner, and things seem to be heating up in the mining community. The leading altcoin has adopted a more environmentally-friendly Proof-of-Stake (PoS) consensus mechanism. This has put miners in a tough spot as they will be pushed out of business post-Merge. While some miners are looking […] Every single person should cover this on twitter .. ..
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum’s Merge: How serious is the threat of ‘regulatory capture’Security, scalability and decentralization. These are the core pillars that blockchain networks aim to build on and approve. However, striking the right balance is quite difficult, as most of the top networks, including Ethereum, has discovered. Ethereum has struggled to uphold decentralization ever since the network rollback that undid the DAO hack. Recent events have […]
Source: CryptoAmb - 🏆 22. / 68 Read more »