$ETH, $DOGE and other cryptocurrencies are stalling as market reaches fundamental decision point
has been facing some problems on its way up as it could not break the local resistance level at approximately $1,610. While it may seem like the 200-day moving average is the barrier that the second biggest cryptocurrency on the market could not break, this is not necessarily true.
If we take a look at the chart, it becomes clear that the line that connects local tops throughout the four-month period is the true resistance Ether has to break. Unfortunately, it does not seem as if Ether is breaking it on its own, without the support of the rest of the market.According to ultrasound.money, Ethereum's issuance normalized and the cryptocurrency became deflationary once again.
However, the recovery of burning operations on Ethereum is a result of increased network activity, which could lead to the improvement of Ether's market performance, as it usually depends on the revenue of validators, solutions and companies on the network.recently would not have been possible without the recovery of traditional markets.
As for now, it has already managed to break the long trendline resistance level and might gain a foothold above it, launching another wave on both crypto and traditional markets. However, some experts assume that this is nothing but a fakeout amid the bear market, and investors should brace themselves for a reversal and continuation of the trend we have been witnessing since the end of 2021.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The stock market is on verge of flashing bullish 'golden cross' signalThe S&P 500 is on the verge of flashing a closely watched 'golden cross' that suggests more upside ahead
Lire la suite »
Price analysis 1/23: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOTBitcoin and altcoins continue to rally as stocks surge and investors show their excitement that the upcoming Fed rate hike will note exceed 0.25%.
Lire la suite »
Not so golden - Chicago Reader'Ginger Minj is always a delight, but The Golden Gals Live! at Mercury veers between camp comedy and earnestness.'- SullivanCatey👇
Lire la suite »
Persona 3 Portable & Persona 4 Golden Reveal New Launch TrailersBefore you dive in and play Persona 3 Portable and Persona 4 Golden, Atlus has a pair of trailers for you to check out.
Lire la suite »
Clayton Keller's hat trick lifts Coyotes in 4-1 win over Golden KnightsThe Coyotes built a lead from Clayton Keller's hat trick and won 4-1 on Sunday at Mullett Arena.
Lire la suite »
Sherpa House brings taste, aroma of Himalayas to Golden | OpinionIt never fails. Whenever I walk into the Sherpa House Nepalese restaurant in Golden, my olfactory receptors whisk me back to the Himalayas and a three-month expedition to Mount Everest nearly 40 ye…
Lire la suite »