ETH/BTC Price Analysis: Ethereum Price Targets $4,000 As BTC Liquidations Linger

Quick Summary:

The cryptocurrency market faces fresh liquidations after an action-packed week charged by US Presidential candidate Donald Trump’s speech at the Bitcoin Conference in Nashville.

Ethereum price has started reversing the trend upwards, up 1.5% as bulls look forward to advancing to $4,000 later this week.

However, traders would be looking out for a breach of the 50-day and 200-day EMAs resistance, while blasting out of the channel would invalidate a potential bear flag pattern correction.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: Bitcoin price Ethereum Price Analysis Price Analysis Ethereum (ETH)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 19:31:35 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 49 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 21837503

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 43 posts per day

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News Last Updated: 9 hours ago

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