Skip to main content

Crypto Analyst Issues Ethereum Alert, Says ETH Approaching the First ‘Trouble Area' – Here Are His Targets


Trouble Ahead for ETH/BTC Pair
Credible Crypto notes that ETH/BTC has been trading in a range for the past few weeks, and it is now approaching a key resistance level at 0.04 BTC. The analyst believes that the pair will likely face a rejection at this level, which could lead to a pullback towards the support level at 0.0315 BTC. This potential rejection could also coincide with a breakout for Bitcoin, which could further weigh on the price of Ethereum.
Bitcoin Dominance Could Rise
Credible Crypto also points out that Bitcoin dominance, which measures Bitcoin's market capitalization as a percentage of the entire crypto market, has been on the rise. This means that investors are currently showing more interest in Bitcoin compared to other cryptocurrencies, including Ethereum. If this trend continues, it could put further downward pressure on ETH/BTC and push the pair towards the support level.
Market Sentiment is Turning Bearish
The crypto analyst also mentions that market sentiment is starting to turn bearish, which could also affect the price of Ethereum. He notes that many traders are getting greedy and complacent, which is often a sign of an upcoming market correction. In addition, the recent rejection of the $2,000 level for Ethereum could further dampen sentiment and push traders towards selling their positions.
Hashtags and Crypto Tickers to Watch
As Ethereum faces potential trouble ahead, keep an eye on the hashtags #ETH, #BTC, and #crypto on social media platforms for the latest updates and discussions on the price movements. Also, pay attention to the crypto tickers ETH/USD and ETH/BTC on trading platforms to stay informed on the market trends and potential entry/exit points for your trades. Always do your own research and consult with a financial advisor before making any investment decisions.


Sentiment Result: Negative

Image
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC

📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
Post a Comment
Continue Reading »

Crypto Talkies July 8th 2025

As the sun sets on another bustling day in the crypto world, let's dive into the day's highlights. XRP has been making waves, surging past its $2.32 resistance mark with renewed vigor. The buzz is fueled by speculation around ETF approvals, increased trading activity on platforms like Upbit, and significant market inflows. With trading volume and market cap on the rise, all eyes are on XRP (XRP) as it teeters close to a pivotal resistance level, hinting at the potential for some dramatic market shifts. Across the Atlantic, the European Union has ushered in a new era for crypto firms with the successful licensing of 53 companies under the Markets in Crypto-Assets Regulation (MiCA). However, notable names like Tether (USDT) and Binance were notably absent from the approved list, leaving room for speculation on their next moves within the European Economic Area. Meanwhile, Hong Kong is steadily advancing its stablecoin initiatives, preparing to implement a licensing regime that ...
Post a Comment
Continue Reading »

Crypto Talkies July 10th 2025

As the sun sets on another bustling day in the cryptosphere, the lights dim on a series of intriguing developments. Bitwise analysts set the stage by highlighting Ethereum (ETH), Solana (SOL), XRP (XRP), and Chainlink as frontrunners in the tokenization narrative, suggesting even modest tokenization could eclipse other crypto stories, including Bitcoin's epic tale. Meanwhile, SharpLink Gaming made waves with a strategic increase in Ethereum holdings, sending its stock soaring by 28% and setting tongues wagging throughout the corporate sector about the potential of similar crypto embraces. On the Trump-affiliated front, Donald Trump Jr.'s support for Thumzup Media Corp's expansion into Ether, XRP, and Solana reinforces a growing trend of political ties venturing into digital assets, despite some financial hiccups along the way. Bitcoin (BTC), though consolidating just below its all-time high of $112,000, remains a cornerstone of the market as it basks in increased accumulat...
Post a Comment
Continue Reading »