Ether Stages Rebound, Signaling Potential Long-Term Bullishness
Ether rebounds off key support at 200-week SMA, indicating sustained momentum. Macroeconomic factors like US Fed rate cuts and Japanese inflation data could impact crypto markets.
Ether rebounds off key support at 200-week SMA, indicating sustained momentum. Macroeconomic factors like US Fed rate cuts and Japanese inflation data could impact crypto markets.
Bitcoin price rallies to $61K, but data suggests the momentum may not last as derivatives traders show modest apathy.
Closely watch the Fed's interest rate decision this week as it could significantly impact the global economy and cryptocurrency market.
Bitcoin's 200-day simple moving average, a key indicator of the cryptocurrency's long-term trend, is about to lose its bullish momentum as the market braces for crucial U.S. jobs data.
Bitcoin's price dropped 10% over 10 days, driven by macroeconomic uncertainties, spot ETF outflows, and declining miner profitability. The network's hashrate reached a new high, but challenges persist.