Bitcoin and Ethereum Analysis in Crypto Market

The crypto market has gained some stability after the dip on March 23, increasing the total market value by 0.64% to hit a volume of 2.45 trillion dollars. This situation leads to uncertain expectations for Bitcoin and Ethereum. Bitcoin’s Uncertain Course Bitcoin has been trading within a narrow price range in the last 24 hours, maintaining volatility, while the Commodity Channel Index (CCI) points to uncertainty between bullish and bearish markets. A negative reading of the CCI indicates a potential downward trend, while the MACD on the four-hour chart gives positive signals. However, the long and short EMA data of MACD are below zero, showing that investors are cautious. It is stated that Bitcoin can trade between 63,649 and 64,982 dollars in the short term, but increased trading activity could change these predictions. Ethereum’s Downside Risk On the four-hour chart, the ETH/USD pair is trading around $3,323, and the Relative […]

Bitcoin and Ethereum Analysis in Crypto Market

The crypto market has gained some stability after the dip on March 23, increasing the total market value by 0.64% to hit a volume of 2.45 trillion dollars. This situation leads to uncertain expectations for Bitcoin and Ethereum.

Bitcoin’s Uncertain Course

Bitcoin has been trading within a narrow price range in the last 24 hours, maintaining volatility, while the Commodity Channel Index (CCI) points to uncertainty between bullish and bearish markets. A negative reading of the CCI indicates a potential downward trend, while the MACD on the four-hour chart gives positive signals. However, the long and short EMA data of MACD are below zero, showing that investors are cautious. It is stated that Bitcoin can trade between 63,649 and 64,982 dollars in the short term, but increased trading activity could change these predictions.

Ethereum’s Downside Risk

On the four-hour chart, the ETH/USD pair is trading around $3,323, and the Relative Strength Index (RSI) is trending below the midpoint, indicating a slight downward trend for Ethereum. A potential price decline for Ethereum may present an opportunity for investors looking to buy at discounted prices. Supertrend gives a buy signal at $3,201, and if Ethereum falls to this level and sufficient buying pressure is seen, it could recover up to $3,833. However, reduced buying activity can lead to further price decline for Ethereum.

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how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,502.00-1.79%
  • ethereumEthereum(ETH)
    $3,684.43-2.96%
  • tetherTether(USDT)
    $1.00-0.10%
  • binancecoinBNB(BNB)
    $614.74-0.37%
  • solanaSolana(SOL)
    $179.300.18%
  • staked-etherLido Staked Ether(STETH)
    $3,683.12-3.01%
  • usd-coinUSDC(USDC)
    $1.000.12%
  • rippleXRP(XRP)
    $0.53-2.92%
  • dogecoinDogecoin(DOGE)
    $0.163495-4.14%
  • the-open-networkToncoin(TON)
    $6.24-2.41%
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