While Bitcoin has faced strong bullish momentum in recent weeks, achieving new all-time highs consistently for days, Ethereum has been an underperformer, unable to catch up with BTC’s bullish pace. Even compared to other crypto assets (altcoins) in the market, Ethereum has failed to make a major rally that melts faces. Instead, as Bitcoin achieved a peak above $93,000, leading the overall crypto market in a bullish market, Ethereum has only been able to surge to just $3,396 over the same period BTC broke multiple resistances to achieve consistent new highs. Related Reading: Ethereum Price at $3,000: Can Support Prevent Further Losses? So far, ETH remains roughly a 37.5% decrease away from its all-time high of $4,878, seen 3 years ago in November 2021. At the time of writing, the asset faces a correction alongside the rest of the crypto market, including Bitcoin. ETH has declined by 2.3% in the past day, currently trading at $3,023. Why is Ethereum Struggling to Catch Up? The underperformance of Ethereum relative to Bitcoin has caught the attention of market analysts. One key observation comes from a CryptoQuant analyst known as Darkfost, who provided a possible explanation for Ethereum’s price stagnation. According to Darkfost, the taker buy-sell ratio is a crucial metric to consider, particularly on the Binance exchange. This ratio is an indicator of short-term market sentiment, and when it remains below 1, it suggests there is more selling pressure than buying interest. It can also indicate a hesitation among traders to accumulate ETH at current levels, which could contribute to a lagging price performance. Darkfost noted: The taker buy-sell ratio on Binance remains bearish, as it has been below 1 most of the time over the past month. This indicates that traders are more willing to sell than buy ETH, which could explain why ETH is currently underperforming compared to BTC. Is There Still Hope For ETH? Despite Ethereum’s struggle to match Bitcoin’s gains, some analysts remain optimistic about the long-term potential of ETH. For example, a well-known crypto analyst, Kingpin Crypto, expressed a bullish sentiment regarding ETH at its current price levels. In a recent post on X, Kingpin Crypto suggested that ETH trading around the $3,000 mark presents a notable buying opportunity. $ETH – Buy with conviction around the orange line and retire. I know the BTC pair is underwhelming and feels like it will be down only forever. However, I am telling you… Ethereum will make a NEW ATH this cycle. pic.twitter.com/T2r2TDmkb7 — Kingpin Crypto (@Kingpincrypto12) November 15, 2024 Similarly, another crypto analyst, Yoddha, shared an analysis indicating a potentially bullish pattern for Ethereum. According to the chart shared by Yoddha, ETH’s historical price movements often include a phase of retesting followed by a sharp surge in value. Yoddha highlighted that Ethereum may have already completed its retest phase, suggesting that a strong price rally could be on the horizon. Related Reading: Ethereum’s Positive Funding Rates Push Price Near $4K—Are There Any Downsides? The chart labelling “we are here” points out the current position of ETH within this pattern, implying that a significant upward move may soon follow. Featured image created with DALL-E, Chart from TradingView
The post Ripple News: Is Gary Gensler Resigning on November 18? XRP Price Rallies Beyond $1 appeared first on Coinpedia Fintech News It’s been a wild few days in the crypto world, and XRP is finally back above $1 per coin! After what feels like forever, this is a big milestone, and the market is buzzing. Right now, XRP is continuing to push upward, with the price hitting around $1.07 on the hourly chart. XRP’s all-time high …
Master Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Master Trump (TRUMPMAS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPMAS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Master Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
This weekend has brought a positive momentum to the cryptocurrency market, with Bitcoin and several altcoins showing encouraging signs of stability. Bitcoin’s current trading levels are crucial as traders evaluate
The post Which Memecoins Could Be Listed on Binance Next ? Key Tokens to Keep an Eye On appeared first on Coinpedia Fintech News In a recent video analysis, Crypto Banter has identified key meme coins poised for major exchange listings, including the possibility of debuting on Binance. With meme coins gaining popularity for their community-driven appeal, knowing what drives their selection is crucial for early adopters. So, what memecoins might get listed next on Binance? Meme Coin Listing …
According to recent data from COINOTAG News on November 16th, the net inflow of spot Bitcoin ETFs reached an impressive $1.644 billion last week. This surge occurred alongside a robust
Crypto whales continued to remain bullish on newly listed tokens on Binance — Peanut the Squirrel and Goatseus Maximus. On Saturday, a whale withdrew $7.12 million worth of PNUT from Binance today as the price rallied 2000% in a week. Alongside this, the whale also holds GOAT, which has risen 60% in the past week. The post Crypto Whales Eye More Upside After Massive PNUT and GOAT Price Rally appeared first on CoinGape .
Has price of Bitcoin (BTC) reached overbought area yet?
In a strategic move to expand its presence in the French cryptocurrency market, Cayman Islands-based cryptocurrency exchange BitMart has unveiled a substantial Shiba Inu token giveaway. The promotion commenced on November 15, 2024, at 00:00 UTC and features a reward pool of 121,914,968 SHIB tokens, equivalent to approximately $3,000 USDT. The promotional campaign, scheduled to The post Top Exchange Announces SHIB Giveaway. Here’s How to Qualify appeared first on Times Tabloid .
With a decisive electoral sweep of the presidency and Congress, Trump’s second term could mark a transformative era for bitcoin, crypto, and the broader blockchain industry. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Trump’s Victory Could