Ethereum News Daily TheBitTimes.com

On-chain indicators and the technical setup show that the BTC price could be heading even lower as the price slips under the 200-day moving average. Popular crypto market analyst Ali Martinez explains: “ Each time $BTC has broken below the 200-day SMA over the last 10 years, it often drops to touch the Realized Price. Right now, the Realized Price is around $20,350″. advertisement Although the TD sequential presents a buy signal on the daily chart, the confirmation won’t come unless there’s a sustained close above the 200-day MA. Investors need to closely watch the $25,200-$24,800 zone. Breaching the pivotal support could further take the Bitcoin price down to $20,000. Bitcoin Analysts Bearish Amid the current price movement, several market analysts have turned to the Bitcoin price going ahead. Popular crypto market analyst Peter Brandt said that a close below 24,800 would damage the daily and weekly graphs. Recommended...

Courtesy: Trading View On-chain data further support that the breakout could be in the upward direction going ahead. Crypto analytics firm Santiment points out the net realized profit loss vs price for BTC and ETH. advertisement It notes that after three weeks of prices fluctuating, both Bitcoin and Ethereum are experiencing slight losses compared to their previous values. Average traders are moving their assets at small losses. When the Net Realized Profit/Loss (NRPL) indicator is negative in relation to the price, there is a greater chance of positive price movement in the future. Courtesy: Santiment Other good signs for Bitcoin have been the growing whale accumulation over the last three weeks as BTC enters price consolidation. On the other hand, the exchange reserves have also been falling. Just Like Bitcoin, Ethereum Shows Strength Last week, Ethereum (ETH) experience some greater price volatility with its price taking a dive under $1,850. Howeve...