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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ethereum Classic – European Wrap 26 May

BTC/USD: Market manipulations sabotage Bitcoin’s rally, the research shows

The malpractices are frequent in the industry of digital assets as many large exchanges for cryptocurrency derivatives are not regulated. Thus, according to Carol Alexander, Professor of Finance at the University of Sussex Business School, Seychelles-based BitMEX allowed its bots to drive the bitcoin price below $4,000 in the middle of March


BTC/USD

Ethereum Price Analysis: ETH/USD battling the massive resistance at $205 – Confluence Detector

According to the confluence tool, Ethereum is facing acute resistance at $203.51 - $205.62. This zone is the largest congestion of sellers and is highlighted by the 38.2% one-day, the previous low 4-hour, the Bollinger band 1-day middle, the previous high 15-minutes, the SMA 100 15-minutes, SMA five 4-hour, the previous high 4-hour and the Bollinger Band 1-hour upper curve among others. Following a break above this zone, bulls only need to overcome the hurdle at $207 to open the way for gains above $210.

ETH/USD price chart

Ethereum Classic Price Analysis: ETC/USD may retest $7.00

Ethereum Classic retreated from Monday’s recovery high of $6.9 to trade at $6.72 at the time of writing. The coin has barely changed since this time on Monday and lost about 1.5% of its value since the beginning of Tuesday amid slow momentum on the cryptocurrency market. Ethereum Classic takes 19th place in the global cryptocurrency market with a total capitalization of $782 billion and an average daily trading volume $1.44 billion. 

ETC/USD

 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin climbs above $65K as ETF flows recover despite rising macro risks
Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode.
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts
Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.