On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $ 3,457, with an intraday price range between $ 3,374 and $ 3,514. The 24-hour trading volume reached $ 10.35 billion, contributing to a market capitalization of $ 415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart …
Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance
Bitcoin’s price on July 1, 2024, stands at $ 62,769, with a 24-hour intraday price range of $ 61,261 to $ 63,694. The cryptocurrency’s market capitalization is $ 1.23 trillion, and the 24-hour trade volume is $ 21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward trend starting from …
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $ 61,500 level. If confirmed by a breakout above $ 62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $ 65,144 to $ 58,456, where a …
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode
Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends and Long-Term Holders Analyzed in the Latest Glassnode Report Glassnode’s analysis shows that […]
Ethereum Technical Analysis: ETH Faces Bearish Sentiment Amidst Continued Downtrend
Ethereum’s price stands at $ 3,311, with a market capitalization of $ 404 billion. The 24-hour intraday trading range has fluctuated between $ 3,277 and $ 3,500, while the 24-hour trade volume has reached $ 16.82 billion. A technical analysis across various timeframes highlights significant bearish indicators. The confluence of …