Ethereum Climbs Back Above $3,000, Massive $70,000 Bitcoin Battle Ahead, Cardano About to Face Its Biggest TestDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Support levels have formed around the $2,900 region, where the 100-day EMA lies, serving as a springboard for the recent bounce. On the flip side, there is visible resistance at the 50-day EMA, hovering near the $3,200 mark. This moving average may serve as the next battleground between bears and bulls.can sustain its current level and possibly push past the 50-day EMA, it could pave the way for a renewed bullish phase.
Looking at the chart, we see that if the bulls keep pushing, and we cross the 50 EMA, the road to $70,000 could become less of a dream and more of a reality. On the flip side, should Bitcoin take a breather and the bears step in, there is robust support around $59,000, which has previously acted as a strong foundation for the price.
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.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: DailyFX - 🏆 305. / 63 Read more »
Ethereum (ETH) Price IndexThe Ethereum (ETH) live price today is $3,586, changes over 24H (+4.63%). Current market cap is $429.21 B. All given information about Ethereum (ETH) updated in real-time.
Source: Cointelegraph - 🏆 562. / 51 Read more »