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BTC Dumped $3500 After $60K Level Rejection: Analysis

BTC dumped $3500 after the recent $60K level rejection while the coin continues failing in surpassing the $60K level with the latest rejection driving the asset to a new low of $56,500. The entire altcoin space started bleeding out as well so let’s read more in today’s BTC news. BTC dumped $3500 after another failed attempt to overcome the $60K level while most altcoins followed south with the entire market cap losing more than $60 billion in one day.  BTC was flirting with the $60K region for a few consecutive days but every attempt to reconquer was met with a…

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Ethereum Likely to See a “$300 Test” as Short-Term Structure Flashes Warnings

Ethereum’s short-term market structure has been flashing some signs of weakness as of late Although the cryptocurrency has mainly been consolidating and has lacked directionality, there is currently significant uncertainty within the entire crypto market This could continue perpetuating investor fear, potentially causing assets like ETH to see further downside in the days and weeks ahead One trader is particularly watching for another $300 test for the cryptocurrency, noting that although its short-term outlook is shaky, its macro market structure is strong He notes that this potential decline likely won’t cut any deeper than $300 due to an abundance of…

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Ethereum is Stuck Below a Crucial Level as Weekly Close Fast Approaches

Ethereum’s price has been consolidating alongside Bitcoin’s throughout the past few days, with buyers and sellers reaching an impasse This has come about as the entire cryptocurrency market struggles to find any significant directionality Where the market trends next will likely depend on Bitcoin, which has been performing quite well despite a myriad of bearish news developments ETH’s consolidation phase has grown quite narrow as of late, and it remains stuck below a crucial level Until this level is surmounted, the cryptocurrency could be poised for further downside in the weeks ahead Ethereum’s price action has been mirroring that of…

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Ethereum to See Further Losses as Crypto Market Becomes “Beyond Bearish”

Ethereum and the aggregated crypto market have been caught in the throes of a strong downtrend throughout the past 24-hours This has come about due to multiple macro developments, including news about President Trump’s health as well as the government’s decision to chart the BitMEX owners Despite the overt bearishness of these sellable news events, both Ethereum and Bitcoin are still sitting above their multi-week lows That being said, one analyst is expecting Ethereum to see further downside in the near-term He is specifically looking towards a move down to its next support levels at either $325 or $315 Ethereum…

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Ethereum Was Just Rejected at a Do or Die Resistance level

Ethereum has undergone a strong rejection at the daily highs due to fundamental news pertaining to BitMEX. On Thursday morning, the CFTC of the U.S. announced that it is charging BitMEX for derivatives and anti-money laundering violations. Bitcoin dropped in response to the news, falling from $10,900 to $10,450 in the span of an hour or two. Ethereum and other altcoins also plunged as well, leading to the ongoing correction. While this was notable for Bitcoin, the drop was also notable for Ethereum because that meant it once again formed a rejection at a crucial level. Of course, the move…

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Here’s Why Ethereum Might Plunge to $340 Before Ending Its Bear Trend

Ethereum’s price action has largely been in sync with that of Bitcoin and the entire crypto market Bulls and bears have both attempted to control its mid-term trend, but this has just resulted in a prolonged bout of sideways trading One analyst believes that the market might see some slightly further selling pressure in the near-term, which could slow its ascent and cause it to reel lower He is specifically setting his sights on a move to $340, noting that this is a strong support level that could slow its descent That being said, he is also pointing to a…

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Ethereum is Primed to Shoot Towards $400 as Market Support Is Strong

Ethereum and Bitcoin have seen mixed performance over the past few days. There was an attempted breakout a few days ago, but that failed due to weakness in legacy markets. ETH is up 0.8% in the past 24 hours, slightly outperforming Bitcoin. Ethereum is primed to move higher in the coming week or two due to on-chain and technical support, one analyst says. This rally would be in line with the introduction of the ETH2 rehearsal testnet that will precede the launch of the official upgrade. Analysts say that the upgrade is important for the cryptocurrency because it will drive…

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Data Shows Interest in Ethereum is Crashing; Here’s Why This is Bullish

Bitcoin has been causing the entire crypto market to see some uncertainty, which has had grave impacts on Ethereum and many other altcoins Ethereum is now consolidating alongside the benchmark crypto as it trades within the $350 region Where it trends next will likely depend on whether Bitcoin breaks out, or breaks down, from its range between $10,600 and $10,800 One analytics platform is noting that data shows Ethereum’s social volume is crashing at the moment This shows a lack of interest in the cryptocurrency, which may prove to be a highly bullish trend for the digital asset Ethereum’s price…

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A Drop Under $300 Is the Path of “Least Resistance” for Ethereum

Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to drop lower as the cryptocurrency faces strong resistances above its current price, analysts say. One trader shared the chart below on September 29th, noting that…

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These 5 Simple Factors Suggest Ethereum’s Rally is “Running on Fumes”

Ethereum has been largely consolidating throughout the past week as Bitcoin continues lacking decisive directionality The crypto has been subjected to some increased selling pressure throughout the past couple of hours, which led its price down to lows of $350 earlier today Analysts do believe that the token could be “running on fumes” at the present moment, suggesting that it may not be able to rally any further Five factors are may be contributing to this weakness, including multiple recent hacks as well massive downside liquidity The confluence of these factors and others may lead it to see further downside…

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Ethereum’s “Resilience” Suggests That a Massive Move Higher is Brewing

Bitcoin has been guiding the entire market higher, which has provided a tailwind for Ethereum that has lifted it higher as well The cryptocurrency is now pushing towards its high time frame resistance zone between $380 and $400 How it responds to this level – should it be tested in the near-term – will offer insights into its outlook One analyst is noting that ETH is showing some positive signs of resilience following its recent dip below a key technical level This is particularly clear while looking towards its BTC trading pair Ethereum has been closely following in the steps…

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Ethereum Rejects at High Time Frame Resistance as Analysts Target $280

Ethereum’s price has been closely tracking that of Bitcoin over the past few days and weeks This has led the cryptocurrency’s bulls and bears to reach an impasse, as both sides have been unable to spark any sustainable trend Where the market trends next will likely depend on BTC, as the cryptocurrency is currently trading between two critical levels One analyst is noting that Ethereum was rejected at a high time frame resistance level yesterday The firm rejection here could cause it to see further downside in the days, weeks, and even months ahead He even believes it may dive…

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Ethereum Reaches a Fate-Determining Level as Analysts Watch for Volatility

Ethereum’s price action has been closely tracking that of Bitcoin in recent weeks, causing it to see a choppy bout of sideways trading The lack of any real trend in recent weeks has made ETH’s mid-term outlook somewhat unclear That being said, the crypto may now be trading at a pivotal level that determines its near-term outlook One analyst is noting that the price at which it is currently trading has historical significance, and its reaction to its support could determine whether it rallies to $390 or dives to $280 Ethereum and the aggregated cryptocurrency market have been offering investors…

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Ethereum Could See a “Violent Dump” to $250 as It Taps Key Resistance

Ethereum’s price action as of late has been quite turbulent, as it has been closely tracking that of Bitcoin, but amplifying but the gains and losses seen by the benchmark crypto Today has been relatively quiet for ETH, as its price is consolidating following its recent rally This push higher came about shortly after it saw a capitulatory decline down towards $318, and bulls were able to push it as high as $355 This is around the point at which its momentum stalled, and its price began plunging lower One analyst is now noting that one key diagonal resistance has…

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Ethereum has Yet to Reach a Critical Support Zone; Will It Tap $300?

Ethereum’s price action has been nearly identical to that of Bitcoin throughout the past couple of days This caused the crypto to dip as low as $318 yesterday, at which point buyers stepped up and catalyzed from strong momentum This pushed the cryptocurrency up to highs of $340, which is where it found some resistance ETH is now caught within a bout of sideways trading, and its price is offering few signs of clarity to investors One trader is noting that Ethereum is yet to visit one key liquidity region. This could indicate that it will soon see further losses…

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Top-Performing Ethereum Coin Just Plunged 65% in 48 Hours

It’s been a slow past few weeks for Ethereum and the decentralized finance space. After peaking a number of weeks ago, a number of top coins pertaining to this space have dropped off dramatically. One such coin, which was subject to a recent parabolic explosion, has undergone a strong retracement over the past two days. The Ethereum-based coin, known as MEME, has dropped around 70% from its all-time high price set just two days ago. The coin is the native token of the Meme project, which is a platform where users can mint and transfer digital trading cards. A debate…

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Analyst: Ethereum May Grind to $280 Before ETH 2.0 Hype Propels It Higher

Ethereum and other altcoins have been struggling to garner any strong momentum following the massive declines posted earlier this week This weakness came about as a result of Bitcoin’s rejection at $11,200, which is a level analysts have been watching Until BTC’s macro outlook begins growing more positive, Ethereum will likely continue struggling as well That being said, some positive technical developments in the coming months could help boost its outlook One analyst is noting that he expects ETH to drag down towards $280 before it finds any significant support He also notes that this may be where a confluence…

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After 50% Drop, Chainlink (LINK) Is Reaching a Do or Die Technical Level

Chainlink has plunged since setting highers in August. The coin now trades at around $8.50 as of this article’s writing, far below the all-time highs set at $20. The cryptocurrency’s correction comes after leading altcoins underwent a strong plunge after Ethereum fell through key supports. Chainlink could be vulnerable to an even deeper drop as the crypto approaches pivotal technical levels. One trader noted that if LINK will bounce, it will find some support around now. This bearish assertion comes as a number of other analysts have said Chainlink is likely bottoming on a macro time frame. Chainlink Is Poised…

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Ethereum May Crash to $300 Support as Selling Pressure Grows Heavy

Ethereum is currently oscillating between highs of $345 and lows of $336 as its bulls and bears reach an impasse The cryptocurrency has been unable to see any relief following the massive influx of selling pressure that stopped it from seeing any further gains It is still trading well above its multi-week lows of $320, but growing weakness is putting its current stability in jeopardy One analyst explained in a recent tweet that he expects ETH to plunge towards $300 before it finds meaningful support The dip to these lows could be followed by a strong upswing Bitcoin’s $11,200 rejection…

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DeFi Carnage: Ethereum Coins Aave, Yearn.finance, Uniswap, Synthetix Dive 20%

Top Ethereum-based altcoins are plunging as the price of Bitcoin fails to react positively to the $11,000 resistance. BTC is down 4% in the past 24 hours while Ethereum has shed 8%. Most top altcoins on Ethereum, such as Yearn.finance and Aave’s LEND, are down over 20% in the past 24 hours. This move was not unexpected, especially as there are some fundamental trends set to supress DeFi in the medium term. Top Ethereum-Based Coins Plunge Amid Bitcoin Pullback Ethereum-based Aave’s LEND, Yearn.finance (YFI), Uniswap’s UNI, and Synthetix Network Token are among the top DeFi tokens that have retraced by…

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