ETH remains above $3,000, as markets consolidate
Following yesterday’s rally in crypto, prices consolidated on Wednesday, as markets were once again fearful of escalating tensions between Russia and Ukraine. The uncertainty came as NATO reported that Russia was increasing troops on the border, as opposed to sending some home., which looked set for a breakout of the $45,000 level yesterday, fell on hump-day, sending the global crypto market cap 1.40% lower in the process.
The price of bitcoin hit a high of $44,667.22 on Tuesday, however today dropped to an intraday low of $43,622.02, as markets look set for consolidation. Markets have been fixated with $46,000 as the long-term resistance, however a shorter-term ceiling at $44,800 seems to be the main obstacle to overcome.This drop in price has led to the Relative Strength Index of 14-days falling to 56, a level which seems to be a support point.
Although price strength has yet to fall below this level, if it does, markets will likely see an influx of bears pushingThis floor is located around the $41,800 region, and we could see this tested if current price momentum persists.Ethereum was also lower on Wednesday, however marginally managed to remain above its key level of $3,000./USD broke past its recent resistance level of $3,022 and looked set for a run towards its higher ceiling of $3,290.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indiana steel mill to pay $3 million for dumping toxins into Lake Michigan tributary that led to fish kill and beach closuresFederal records show the Burns Harbor mill repeatedly violated its water pollution permit before and after the 2019 fish kill. The facility has been on the U.S. EPA’s list of chronic Clean Water Act offenders for nine of the past 12 quarters.
Read more »
SoFi CEO Anthony Noto Owns Bitcoin and EthereumAnthony Noto owns Bitcoin and Ethereum but warned about the uncertainty in the cryptocurrency market.
Read more »
Technical Analysis: GALA Climbs 16%, Qtum Leads Tuesday's Bulls – Market Updates Bitcoin NewsGALA and QTUM were some of Tuesday’s big gainers, as cryptocurrency markets were once again trending upwards.
Read more »
Bitcoin Recovers Near $44,000, Markets Remain Cautious, Here's WhyMarkets remain cautious as the volume of Bitcoin Perpetual Swaps remains low
Read more »
BTC.TOP CEO Jiang Zhuo'er: There's No Deep Bear MarketPrior to the Great Chinese Bitcoin (BTC) Ban, Jiang Zhuo'er's BTC.TOP was among the most influential mining pools
Read more »
Bitcoin dips before Fed rate hike cues amid warning over $9T balance sheetBTC price action shows strain as Bitcoin and stocks wait for Fed signals.
Read more »