As for price action, bitcoin has seen a very modest of bounce since tumbling from nearly $61,000 Wednesday to under $54,000 early Friday, currently trading back to $56,800. That’s down 6{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} from the week-ago levels and roughly 23{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} from its all-time high above $73,500 set in mid-March.
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Ethereum Price (ETH) Could Continue Higher While Bitcoin Struggles
ETH price climbed higher recently and settled above the $175 resistance area against the US Dollar. The price is currently consolidating gains and it might continue to rise towards $185 or $190. There is a key breakout pattern forming with support near $180 on the hourly chart of ETH/USD (data feed via Kraken). The price could dip a few points towards $176 or $175 before it could start a fresh increase. Ethereum price is showing positive signs above $175 versus the US Dollar, while bitcoin is struggling. ETH price remains supported on dips and it could rise further. Ethereum Price Analysis Recently, there was a solid rise in ETH price above the $175 resistance area against the US Dollar. However, bitcoin price struggled to gain momentum…
Fantom Foundation partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group.
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