Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Chainlink — American Wrap 18 April


Ethereum maintains horizontal trend similar to top US index funds

Ethereum's (ETH) price continued a sideways movement on Thursday as the market still awaits a trigger. Ethereum isn't alone in this horizontal trend; several major index funds have also traded sideways, underscoring ETH's positive correlation with the traditional financial market.
ETH/USDT 4-hour chart
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
Chainlink $LINK a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms. It’s acting as a bridge between the real world and the crypto universe to facilitate the connection between the two. In today’s article, we’ll dive into the daily cycle taking place and explore the potential path based on the Elliott Wave Theory.
 

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ethereum dips below key level as Hong Kong ETFs underperform

Ethereum dips below key level as Hong Kong ETFs underperform

Ethereum (ETH) experienced a further decline on Tuesday following a disappointing first-day trading volume for Hong Kong's spot Bitcoin and ETH ETFs. This comes off the back of increased long liquidations and mixed whale activity surrounding the top altcoin.

More Ethereum News

Bitcoin Cash advocate Roger Ver arrested and charged with falsifying taxes

Bitcoin Cash advocate Roger Ver arrested and charged with falsifying taxes

Bitcoin Cash (BCH) proponent Roger Ver, also an early Bitcoin investor, was allegedly picked up by Spanish authorities over the weekend on charges of tax fraud by the US DOJ. 

More Bitcoin Cash News

Bitcoin price dips into $60K range as spot traders flock to Coinbase Lightning Network

Bitcoin price dips into $60K range as spot traders flock to Coinbase Lightning Network

Bitcoin slid lower on Tuesday during the opening hours of the New York session, dipping its toes into a crucial chart area. It comes as markets continue to digest the performance of Hong Kong ETFs.

More Bitcoin News

Renzo's REZ dips after airdrop and Binance listing

Renzo's REZ dips after airdrop and Binance listing

Renzo users could claim their airdrop based on accumulated ezPoints. REZ dips about 35% after listing on Binance and several other exchanges. Renzo seems to have gotten over an earlier scare from ezETH depeg last week.

More Renzo News

Bitcoin: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read full analysis

BTC

ETH

XRP