Ethereum Correcting Gains But Here’s Why $230 Could Trigger Another Rally

Ethereum rallied recently above the $235 resistance region against the US Dollar. ETH is currently correcting gains, but the $230 support might act as a strong buy zone. Ethereum is trading in a positive zone above the $230 and $232 levels. The price rallied above the $240 level and it is currently correcting gains from $244. There was a break below a connecting bullish trend line with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest…

Ethereum‘s “Monthly Pivot” Could Signal That a Major Rally is Brewing

Ethereum has flashed some significant signs of strength after posting an intense recovery yesterday. The cryptocurrency is now back within the boundaries of its multi-month trading range, and buyers appear to be attempting to establish its recent lows as a long-term bottom. Overnight, sellers pushed it as low as $222 – just a hair above its crucial high time frame support at $220. The dip to this level catalyzed a significant amount of buying pressure, which was further perpetuated by Bitcoin’s surge from $8,900 to highs of $9,300. ETH is…

Here’s Why the Chinese Stock Market’s Rally Might Boost Bitcoin

The Chinese stock market has found itself caught within the throes of a fresh bull market, and it could create a tailwind that lifts Bitcoin. After facing the dire implications of the ongoing pandemic that originated within China’s borders, the country’s investors appear to be moving on, now helping to fuel a fresh bull market. The country’s benchmark stock indices all saw massive growth during their latest trading session, with the Shanghai Composite even seeing its best single-day percentage gain since 2015. A few simple factors are driving this fresh…

Ethereum Smashes Crucial Hurdle And It Could Rally To $250

Ethereum formed a strong support base above the $224 level against the US Dollar. ETH is up over 3% and it broke the key $230 and $232 resistance levels. Ethereum is gaining bullish momentum above the $230 pivot and the 100 hourly simple moving average. The price is up more than 3% and it even tested the $235 resistance level. There was a break above a major bearish trend line with resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs…

Tron (TRX) Price Jumps 5% And Showing Early Signs of A Fresh Rally

Tron price formed a strong support base above $0.0150 against the US Dollar. TRX is currently up over 5% and it seems like the bulls are aiming a larger rally in the near term. Tron price is gaining traction and it is trading nicely above $0.0168 against the US dollar. The price traded to a new weekly high at $0.0177 and it is showing positive signs. There was a break above a connecting bearish trend line with resistance near $0.0168 on the 4-hours chart of the TRX/USD pair (data source…

What’s Fueling DeFi Token Compound’s Powerful 20% Intraday Rally

One of the crypto market’s hottest DeFi tokens, Compound (COMP) has gone on an over 20% intraday rally. Meanwhile, the rest of the market is seeing red due to overall Bitcoin weakness. What’s causing Compound to stand out and surge while the rest of the crypto market tanks? Compound Becomes Breakout Superstar in Already Red Hot DeFi Space The cryptocurrency known as Compound has had an incredible ride over the last month. Decentralized finance along with crypto Twitter hashtag emoji, are all the rage right now. The former of the…

Ethereum Lacking Momentum, But Here’s Why 100 SMA Could Spark Fresh Rally

Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally. ETH price is slowly moving higher towards the $230 resistance against the US Dollar. A close above the 100 simple moving average (4-hours) could spark a strong upward move. There was a break above an important bearish trend line with resistance near $225 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…

VeChain Crypto Hits YTD High in Latest Intraday Rally; What’s Next

VeChain (VET) hit a year-to-date high (YTD) during the Friday trading session. The 24th largest blockchain asset rose 8.57 percent to 114 sats, bringing its YTD gains up by more than 85 percent. Nevertheless, the VET/BTC uptrend is showing signs of cooling off, albeit holding a string of dependable support levels underneath. VeChain’s crypto token VET rose 8.57 percent on Friday to hit its year-to-date high at 114 sats. Traders flocked to the 24th largest cryptocurrency due to unfound reasons. But its intraday rally coincided with a review from Early…

Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors

The price of Bitcoin (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five major fundamental factors still point toward a prolonged uptrend by 2021. According to data from Skew, the 10-day realized volatility of Bitcoin dropped to the lowest level of the year on June 24. This may indicate that traders are cautious because BTC is at a crucial price point. The performance of BTC over the next…

Cardano Price Hits 2020 Top Following Network Upgrade – Will the Rally Sustain?

ADA, the native token of Cardano, established a new 2020 top on Wednesday. The eighth-largest cryptocurrency surged to $0.097 for the first time in 13 months. The latest gains came as a part of a broader uptrend that began in March 2020 but received an additional boost from Cardano’s network upgrade news. Cardano is going to the moon before its top crypto competitor Bitcoin. The blockchain platform’s native asset ADA reached its year-to-date high on Wednesday. As of 2300 UTC, the ADA/USD exchange rate topped at $0.097, its highest since…