ETH/USD 4H Chart: Tests 50% Fibo level

The ETH/USD pair has appreciated about 61.73% in value since May 10. The cryptocurrency hit the $280 mark during yesterday's trading session.

After reaching the 280.0 area, the Ethereum cryptocurrency began to decline. The pair tested the 50.00% Fibonacci retracement level at 228.2 during the morning hours of Friday's trading session.

If the 50.00% Fibonacci retracement level holds, a surge towards the $300 mark could be expected during next week's trading sessions.

However, if the pair passes the Fibonacci level as mentioned above, bears are likely to aim for a support cluster at 213.7 in the shorter term.

ETHUSD

 

BTC/USD 4H Chart: Bulls market

The BTC/USD pair has appreciated more than 37.80% in value since last week's trading session. The cryptocurrency reached the $8500 mark during the previous session.

After hitting the $8500 resistance level, the Bitcoin cryptocurrency began to decline.The pair tested a support line formed by the monthly R2 at 6596.8 during the morning hours of today's trading session.

Everything being equal, it is likely that bulls would continue to dominate the pair during the following trading days. The pair might aim for the $9500 area before the end of next week's trading sessions.

Bitcoin

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

SHIB price skyrockets as Binance Lists Dogecoin rival Shiba Inu

“DOGE killer” Shiba Inu coin has reached a new all-time high as it rides on bullish momentum from recent crypto exchange listings. SHIB price has climbed by over 2,260% in the past week, as many investors missed out on the Dogecoin pump.

More Dogecoin News

Polygon looks to recover as adoption spree continues

Polygon has been at the forefront of scaling Ethereum blockchain via its L2 solutions. Its most recent collaboration involves Oddz Finance and a proof-of-stake (POS) validator called Stakefish.

More Polygon News

Polkadot eyes 24% gains

Polkadot price faced rejection at a crucial supply barrier, but the latest market crash amplified this sell-off. DOT is currently awaiting retest of a key supply level before surging higher.

More Polkadot News

Cardano gains to diminish as 16% correction awaits

Cardano price is on the precipice of starting a downtrend after a recent minor sell-off. ADA looks to slide toward a key demand barrier that separates bullish from bearish.

More Cardano News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP