Cryptocurrencies Price Prediction: Ethereum, Binance Coin and Aleph Zero’s – European Wrap 13 February
|US CPI number could trigger sell signal for Ethereum price and catalyse a 17% crash
Ethereum (ETH) price sees a pressure mountain around $1,490 with the monthly pivot for February under pressure. The bearish squeeze is becoming very clear now as lower highs are being formed, and price action is getting support for now from the monthly pivot. Should that pivot give way, a big area of roughly 17% could retreat with pride action slipping below $1,300.
Binance Coin price leaves bulls out to dry in perfect head-and-shoulders sell-off
Binance Coin (BNB) price sees bulls heading for the exit in big masses as nearly every light is flashing red warnings. The sell-off comes as traders are getting out of risk assets in the wake of the US inflation number on Tuesday with several analysts warning of a surprise rise. The rally from January is now broken, and BNB could see further declines should it break the crucial level at $288.
Three altcoins to buy in 2023 if this bull rally continues
The zero-knowledge (Zk) Ethereum scalability narrative gained popularity with the upcoming launch of Polygon’s zero-knowledge Ethereum Virtual Machine (zk-EVM). Polygon’s scaling solution for the Ethereum Virtual Machine boasts increased productivity and lower transaction fees by verifying transactions in batches on the Etherium mainnet.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.