Four signs that show Ethereum's rally is exhausted at $2.4K
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Several Ethereum metrics suggest the ETH price could see further downside due to reduced demand and weakening network fundamentals.
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Several Ethereum metrics suggest the ETH price could see further downside due to reduced demand and weakening network fundamentals.
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A slowdown in profit-taking and reclaiming $88,000 as support are prerequisites for BTC to confirm cycle bottom.
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Ether could rise as high as $3,500 in the coming days, fueled by rising balances in Ethereum accumulation wallets and a strengthening technical structure.
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Bitcoinβs onchain data suggests that the upside may not be over for BTC price, but resistance at $84,000 could delay the recovery.
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XRP price broke out of a multi-month bull flag, while other chart technicals are also supporting more upside in the near term.
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Accumulation by long-term Bitcoin holders, buying by institutional investors and a strengthening technical structure could fuel BTCβs price rise to $95,000 or higher.
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Ethereum investors are no longer in the red, increasing the chances of a rally to $3,000, but resistance at $2,800 may delay recovery.
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Bitcoinβs rally on Monday pushed it above $80,000 for the first time since January as analysts say BTC price could rise further to fill the futures gap at $84,000 in the short term.