Ethereum (ETH) in A Bull Flag, There Is Strong Upside Rejection at $1.7k
Ethereum is bullish but has been consolidating in recent days. The immediate resistance line remains at $1.7k.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Ethereum is bullish but has been consolidating in recent days. The immediate resistance line remains at $1.7k.
BNB prices are tracking higher with the coin adding 45% in six weeks. Meanwhile, Binance has began vetting projects.
Bitcoin prices are in range and below the $23.3k resistance line. Nonetheless, analysts remain bullish, expecting more gains toward $25k.
Ethereum prices are relatively down, pulling back from the $1.7k resistance. Still, there could be more upsides in the near term.
Uniswap is bullish, inside Q3 2022 trade range. At this pace, UNI prices may retest $9.6 as the tide changes to favor buyers.
Bitcoin is bullish at spot rates, firm and could break higher. However, for the uptrend to be valid, BTC must hold above $20k.
Ethereum is solid at spot rates. However, a definitive close above $1.7k and November highs is critical for optimistic buyers.
Litecoin prices are up 40 percent from December lows, rising in sync with the broader crypto markets. LTC buyers are upbeat, targeting $100.
Bitcoin is up 21 percent and trending above $18.5k resistance line as BTC revival continues on falling inflation.
Ethereum is firm, adding 10 percent in the last trading week. As it is, buyers are setting sights at $1.7k but first need to break $1.35k
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