Altcoins News
By Sakamoto Nashi
1 / 15
Ethereum smashed through $2,020. The second-largest crypto by market cap pushed higher Monday, breaking past the stubborn $1,980 resistance that had been holding prices down for…
2 / 15
But there's a catch. Hourly charts from Kraken show a bearish trend line forming around $2,040, and that's got traders nervous.
3 / 15
Ethereum found its footing after establishing a solid base above $1,950, basically copying Bitcoin's playbook.
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Right now, Ethereum's trading above $2,020 and staying aligned with that 100-hourly moving average. If bullish sentiment can hold above $1,975, another leg up seems likely.
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The $2,080 level is where things get really interesting. That's the first major resistance zone that matters. Beyond that, $2,120 becomes the make-or-break level.
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If Ethereum can't crack that $2,040 resistance, we're probably looking at another downside move. The first support sits around $2,000, followed by major support near $1,975.
7 / 15
Technical indicators are painting a mixed picture right now. The hourly MACD for ETH/USD is gaining some bullish traction, which is encouraging for the bulls.
8 / 15
On February 27, market analysts started buzzing about Ethereum's price action as a sign of potential volatility ahead.
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The broader crypto market isn't helping much. Bitcoin's been bouncing around $30,000, and Ethereum's correlation with Bitcoin remains a huge factor for traders.
10 / 15
Vitalik Buterin hasn't said much about the recent price action. His silence is leaving room for all kinds of speculation about what the Ethereum Foundation might be planning.
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Major exchanges like Coinbase and Kraken haven't made any official comments about changes in Ethereum's trading dynamics.
12 / 15
Glassnode dropped some interesting data on February 27. The blockchain analytics firm reported a big jump in Ethereum's on-chain activity.
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Binance CEO Changpeng Zhao tweeted on February 26 about Ethereum's resilience amid market fluctuations.
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The regulatory front is quiet for now. The SEC hasn't made any recent announcements affecting Ethereum, which gives traders a relatively stable environment to focus on technical…
15 / 15
Coinbase noted increased institutional interest in Ethereum. A spokesperson revealed on February 25 that the platform saw a 20% rise in ETH trades from institutional accounts…
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