ethereum analays Archives - Coin Engineer

Latest Situation in Bitcoin and Cryptocurrencies! – January 9

Ahmet Bedirhan Arvas — Tue, 09 Jan 2024 08:15:42 +0000

Bitcoin is currently trading above the $45,000 resistance level and has experienced substantial volume closures. Despite positive technical indicators, news related to the SEC and ETFs may introduce risks to the market. In this situation, refraining from trading Bitcoin at the moment might be sensible.

– Bitcoin (BTC): The BTC/USD pair is currently trading at $47,000 with a 0.10% decrease at the time of writing. Resistance levels for BTC are in the range of $48,000 to $51,000, while support levels are between $43,650 and $42,400.

– Ethereum (ETH): The ETH/USDT pair is experiencing a 1.04% decrease, trading at $2,306 at the time of writing. ETH has resistance levels in the range of $2,386 to $2,542, with support levels between $2,150 and $2,077.

– Celestia (TIA): The TIA/USD pair has seen a 13.87% increase, currently trading at $16.19. Resistance levels for TIA are between $16.59 and $17.30, with support levels in the range of $14.30 to $12.98.

-Perpetual Protocol (PERP): The PERP/USD pair is experiencing a 5.46% decrease, trading at $1.18. PERP has resistance levels between $1.29 and $1.51, with support levels in the range of $1.07 to $0.76.

– Injective (INJ): The INJ/USD pair has seen a 4.65% increase, currently trading at $44.25. INJ has resistance levels between $49.46 and $52.04, with support levels in the range of $40.40 to $37.78.

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Latest Situation in Bitcoin and Cryptocurrencies! – January 8

Ahmet Bedirhan Arvas — Mon, 08 Jan 2024 07:55:43 +0000

What is the latest situation in Bitcoin and popular altcoins? When will the stagnation in the market end? When will the price end its horizontal movement? Here are the prices of Bitcoin(BTC), Ethereum(ETH) and popular altcoins!

The current situation in Bitcoin and popular altcoins is as follows: Bitcoin (BTC) continues to maintain its existing range structure, with an upper resistance level of $44,700 and a lower support level of $40,200. The market has been moving sideways, mainly due to the anticipation of ETF announcements and the weekend. In order for the market to sustain its upward momentum, we need to see closures above the $44,700 level. The presence of open liquidity in the lower range suggests that the price may aim for the lower support. The increase in Bitcoin dominance appears to be the main reason behind the pullback observed in altcoins.

Bitcoin (BTC): The BTC/USDT pair has lost 1.05% in the last 24 hours and is currently trading at $43,537. The resistance levels for BTC are first at $44,700, and then at $45,880. Support levels are at $42,400, and if the price falls below this region, there is support at $40,200.

Ethereum (ETH): The ETH/USDT pair has lost 2.30% in the last 24 hours and is currently trading at $2,194. The initial resistance level for ETH is $2,295, followed by $2,400. Support levels are first in the $2,145 – $2,115 range, and then at $2,030.

Arbitrum (ARB): The ARB/USDT pair has lost 8.96% in the last 24 hours and is currently trading at $1.6418. Resistance levels for ARB are first in the $1,645 – $1,670 range, and then in the $2.09 – $2.12 range. Support zones are at $1.42 – $1.44, and then at $1.231 – $1.28.

Dogecoin (DOGE): The DOGE/USDT pair has lost 4.40% in the last 24 hours and is currently trading at $0.07755. Resistance levels for DOGE are first at $0.08640 – $0.08850, and then at $0.1048 – $0.1065. Support levels are first in the $0.06800 – $0.07130 range, and then at $0.05700 – $0.05780.

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Ethereum (ETH) Chart Review and Price Analysis!

Ahmet Bedirhan Arvas — Sun, 07 Jan 2024 08:19:48 +0000

Upon examining the ETH chart, we observe the formation of a rising triangle, and typically, this structure seen in upward trends represents a continuation formation of the trend.

If our formation exhibits movement in line with expectations, a new upward trend may begin. There is a significant accumulation of liquidation at the top, but there is also a noteworthy accumulation of liquidation at the bottom, and without liquidating these positions, an upward movement may not occur. The accumulation of liquidation is in the region we marked below, and Ethereum (ETH) could clear this area with a swift move, much like a needle.

A second important detail is Bitcoin Dominance. The sharp increase observed in dominance indicates that a majority of significant funds are flowing into Bitcoin, and investors are more focused on Bitcoin. When examining the dominance chart, we can see that there was an increase up to around 53%. The current zone acts as an accumulation area and plays a resistance role. If Dominance reacts from this point and initiates a downward movement, it could increase the flow of money into altcoins and have positive impacts on Ethereum as well.

You may notice: Synthetix (SNX) Chart Review and Price Analysis!

The third significant development is the inverse cup and handle formation that has emerged in the Total 2 chart structure. If this formation proves to be effective, we may witness a substantial loss of funds in altcoins, indicating that the declines could deepen further. In other words, the Total 2 chart currently appears to be quite negative.

Ethereum (ETH) Market Data

Market Cap: $269,326,600,074 (0.09%)
24h Trading Volume: $8,710,840,324 (24.29%)
Trading Volume / Market Cap (24h): 3.25%
Circulating Supply: 120,184,491 ETH
Total Supply: 120,184,491 ETH
Fully Diluted Market Cap: $269,323,670,762

You can easily buy and sell Ethereum (ETH) tokens on global exchanges such as Binance, BitGet, Kucoin, Mexc, HTX (Houbi), and Gate.io. If you want to take advantage of a discount offered to Coin Engineer followers, you can click on the exchange you want to register and use our referral code.

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Latest Situation in Bitcoin and Cryptocurrencies! – January 7

Ahmet Bedirhan Arvas — Sun, 07 Jan 2024 07:28:42 +0000

Bitcoin and popular altcoins are currently in the following situation. As the Bitcoin ETF news approaches, there is a contraction observed in Bitcoin’s fiat structure. It is crucial to surpass significant fiat levels to determine the direction of Bitcoin. The resistance is at $45,000, and the support is in the $40,000 range. Overcoming these levels may determine Bitcoin’s future direction.

‣ Bitcoin (BTC): The BTC/USD pair is currently trading at $44,000, with a 0.10% increase. Resistance levels for BTC are in the range of $45,000 – $48,000, and support levels are in the range of $43,650 – $42,400.

‣ Ethereum (ETH): The ETH/USDT pair is currently trading at $2,249, with a 0.42% increase. ETH resistance levels are in the range of $2,386 – $2,542, and support levels are in the range of $2,150 – $2,077.

‣ ApeCoin (APE): The APE/USD pair is currently trading at $1.46, with a 4.56% increase. APE resistance levels are in the range of $1.52 – $1.66, and support levels are in the range of $1.41 – $1.36.

‣ Ordinals (ORDI): The ORDI/USD pair is currently trading at $71.72, with a 6.67% increase. ORDI resistance levels are in the range of $76.52 – $83.64, and support levels are in the range of $67.02 – $60.90.

‣ Optimism (OP): The OP/USD pair is currently trading at $3.38, with a 4.78% increase. OP resistance levels are in the range of $3.44 – $3.80, and support levels are in the range of $3.22 – $2.92.

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Latest Situation in Bitcoin and Cryptocurrencies! – January 6

Ahmet Bedirhan Arvas — Sat, 06 Jan 2024 07:25:43 +0000

Bitcoin and popular altcoins are currently in a consolidation phase, with the market awaiting ETF announcements for direction. The price of Bitcoin (BTC) remains within a range structure, with an upper resistance level at $44,700 and a lower support level at $40,400. The recent attempt to break the $45,000 level resulted in a deviation, and a pullback ensued after a reaction from the upper band of the range.

For an upward movement in price, closing above the $44,700 level is essential. Otherwise, in case of potential pullbacks, the first level to hold is expected to be the equilibrium (0.5) level of the range structure, around $42,400 – $42,500. If this region proves insufficient, a retracement down to the lower support at $40,400 may occur.

You may notice: Synthetix (SNX) Chart Review and Price Analysis!

Bitcoin (BTC): The BTC/USDT pair has lost 0.10% in the last 24 hours and is currently trading at $43,611. Resistance levels for BTC are initially $44,700, followed by $45,880. Support levels include $42,400 and, below that, $40,200.

Ethereum (ETH): The ETH/USDT pair has lost 0.83% in the last 24 hours and is currently trading at $2,228. Resistance levels for ETH are first at $2,275, followed by $2,400. Support levels include $2,145 and then $2,030.

Celestia (TIA): The TIA/USDT pair has lost 8.70% in the last 24 hours and is currently trading at $14.36. Resistance levels for TIA are first in the $14.90 – $15.30 range, followed by $17.30. Support is expected around $14, with a lower support zone between $10.90 and $11.40.

Aptos (APT): The APT/USDT pair has lost 14.70% in the last 24 hours and is currently trading at $8.96. Resistance levels for APT are first in the $10.75 – $11 range, followed by $13.50 – $14. Support levels include the current range of $8.89 – $9.20, with a lower support zone between $7.35 and $7.80.

Internet Computer (ICP): The ICP/USDT pair has lost 9.32% in the last 24 hours and is currently trading at $12.11. Resistance levels for ICP are first in the $12.65 – $12.90 range, followed by $15.90 – $16.30. Support levels include $10.60 – $11, and below that, $8.50 – $8.80.

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Latest Situation in Bitcoin and Cryptocurrencies – January 5

Ahmet Bedirhan Arvas — Fri, 05 Jan 2024 07:18:26 +0000

Bitcoin and popular altcoins are currently in a sideways movement, consolidating between the $45,000 resistance and $42,000 support levels. Decisions about the direction should be made based on voluminous closures above the resistance zone or below the support zone. The market appears to be in a wait-and-see mode ahead of ETF announcements. Eyes are on ETF disclosures for potential market direction. It is crucial to observe if the price closes with volume below the support zone or above the resistance zone; otherwise, it might revert back to the price range between these levels.

Bitcoin (BTC): The BTC/USDT pair has gained 1.23% in the last 24 hours and is currently trading at $43,621. Resistance levels for BTC are first at $45,000 and then at $45,880. Support levels are at $42,000, and below that is the $40,200 level.

Ethereum (ETH): The ETH/USDT pair has gained 0.50% in the last 24 hours and is currently trading at $2,245. The resistance level for ETH is in the $2,410 – $2,445 range, and surpassing this range could lead to a move towards $3,000. Support levels are at $2,180 – $2,200, and below that is the $2,115 – $2,130 range.

Aptos (APT): The APT/USDT pair has gained 13.55% in the last 24 hours and is currently trading at $10.60. Resistance levels for APT are first at $10.75 – $11 and then at $13.50 – $14. Support levels are at $10, and below that is the $8.65 – $8.80 range.

1inch Network (1INCH): The 1INCH/USDT pair has gained 10.13% in the last 24 hours and is currently trading at $0.4750. Resistance levels for 1INCH are first at $0.5150 – $0.5300, and then at $0.59 – $0.60. Support levels are at $0.4090 – $0.4150, and below that is the $0.3375 – $0.3460 range.

Memecoin (MEME): The MEME/USDT pair has gained 4.30% in the last 24 hours and is currently trading at $0.025070. Resistance levels for MEME are first at $0.02868 – $0.02923, and then at $0.03142 – $0.03225. Support levels are at $0.02350 – $0.02257, and below that is the $0.01761 – $0.01670 range.

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Latest Situation in Bitcoin and Cryptocurrencies! – January 4

Ahmet Bedirhan Arvas — Thu, 04 Jan 2024 08:34:15 +0000

Bitcoin and popular altcoins are experiencing a dynamic period. Will the decline continue? It is crucial to identify the key support levels. Here are the prices of Bitcoin (BTC), Ethereum (ETH), and popular altcoins!

Bitcoin recently touched the $40,750 level before closing above the significant support level of $42,000 in the afternoon. For the upward trend to persist, the price needs to surpass and close above the upper resistance zone of $45,000 with determination. Closures above this zone may propel the price to the next resistance level at $48,000.

Bitcoin (BTC): The BTC/USDT pair has lost 4.67% in the last 24 hours and is currently trading at $43,174. Resistance levels for BTC are $45,000, followed by $45,880. Support levels include $42,000 and, below that, $40,200.

Ethereum (ETH): The ETH/USDT pair has lost 5.65% in the last 24 hours and is currently trading at $2,244. ETH resistance levels are initially $2,250 – $2,275, and then $2,410 – $2,450. Support levels include $2,200 – $2,180, and below that, $2,120.

ConstitutionDAO (PEOPLE): The PEOPLE/USDT pair has gained 110.63% in the last 24 hours, reaching $0.07390 and currently trading at $0.02950. PEOPLE resistance levels are $0.032 – $0.033 initially, followed by $0.039 – $0.040. Support levels are $0.026 – $0.027, and below that, $0.0200. Closing above the resistance level is essential for the continuation of the upward movement.

Lido DAO (LDO): The LDO/USDT pair has gained 7.08% in the last 24 hours, currently trading at $3.19. LDO resistance levels are initially $3.26 – $3.33, then the all-time high (ATH) level at $3.89. Support levels are $2.94 – $2.96, and below that, $2.60 – $2.62. Closures above the resistance level can provide momentum to the price.

Internet Computer (ICP): The ICP/USDT pair has lost 8.49% in the last 24 hours, currently trading at $14.49. ICP resistance levels are the current nearby $14.6, followed by $17.5 – $17.9. Support levels are $12.62 – $12.90, and below that, $10.60 – $11.

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Latest Situation in Bitcoin and Cryptocurrencies – January 3

Ahmet Bedirhan Arvas — Wed, 03 Jan 2024 08:16:18 +0000

Bitcoin and popular altcoins’ current status and whether the upward trend will continue is as follows:

Bitcoin has managed to surpass the $45,000 level as we enter the new year. If the price can stay above this level, we might see a movement towards $48,000 first, and then possibly $51,000. In case of possible pullbacks, our initial support zone is in the $42,000 – $41,500 range. Below this zone, we have the $40,700 – $40,300 range. It’s worth noting that a drop below these levels could deepen the decline.

Bitcoin (BTC): As of the time of writing, the BTC/USDT pair is trading at $45,392 with a 0.93% increase. Resistance levels for BTC are in the range of $48,000 – $51,000, and support levels are in the range of $42,000 – $41,500.

Ethereum (ETH): The ETH/USDT pair is trading at $2,379 with a 0.99% increase. Resistance levels for ETH are in the range of $2,435 – $2,450, and support levels are in the range of $2,270 – $2,260.

Perpetual Protocol (PERP): The PERP/USDT pair is trading at $1.87443 with a 3.55% increase. Resistance levels for PERP are in the range of $1.974 – $2.04, and support levels are in the range of $1.65 – $1.67.

Arbitrum (ARB): The ARB/USDT pair is trading at $1.9180 with an 8.40% increase. Resistance levels for ARB are in the range of $1.964 – $1.980, and support levels are in the range of $1.84 – $1.816.

Ordi (ORDI): The ORDI/USDT pair is trading at $84,209 with a 1.22% increase. Resistance levels for ORDI are in the range of $91.10 – $92, and support levels are in the range of $81 – $79.9.

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Latest Situation in Bitcoin and Cryptocurrencies – January 2

Ahmet Bedirhan Arvas — Tue, 02 Jan 2024 07:49:02 +0000

Bitcoin and the prices of popular altcoins, how are they? Will the upward trend continue? Here are the prices of BTC, ETH, and Altcoins!

Bitcoin has currently surpassed the $45,000 level, and if it can maintain stability above this level, we may see movements towards $48,000 and $51,000. In case of possible pullbacks, our initial support level will be $43,650; falling below this level could lead to a decline towards $42,000 again.

‣ Bitcoin (BTC) is currently trading at $45,315 with a 2.48% increase against the USD at the time of writing. Resistance levels for BTC are in the range of $48,000 to $51,000, while support levels are in the range of $43,650 to $42,400.

‣ Ethereum (ETH) is trading at $2,381 with a 1.15% increase against USDT at the time of writing. Resistance levels for ETH are in the range of $2,386 to $2,542, and support levels are in the range of $2,150 to $2,077.

‣ Perpetual Protocol (PERP) is trading at $1.47 with a 5.76% increase against USD at the time of writing. Resistance levels for PERP are in the range of $1.75 to $1.88, and support levels are in the range of $1.22 to $1.05.

‣ Near (NEAR) is trading at $4.01 with a 5.74% increase against USD at the time of writing. Resistance levels for NEAR are in the range of $4.21 to $4.50, and support levels are in the range of $3.59 to $3.21.

‣ Internet Computer (ICP) is trading at $13.36 with a 3.13% increase against USD at the time of writing. Resistance levels for ICP are in the range of $14.00 to $15.30, and support levels are in the range of $12.91 to $9.36.

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Latest Situation in Bitcoin and Cryptocurrencies – 1 January

Ahmet Bedirhan Arvas — Mon, 01 Jan 2024 12:28:14 +0000

Bitcoin and popular altcoin prices, will the upward trend continue? Here are the prices for BTC, ETH, and Altcoins!

Happy New Year to the Coin Engineer Family! On the first day of the new year, the $42,000 support level stands out as a significant point for Bitcoin. If this support level continues to hold, an upward movement in Bitcoin can be expected. However, if this rally does not materialize and the market remains sideways, a new downtrend could be observed. Therefore, it is still advisable to be cautious.

This section may draw your attention: VanEck: Bitcoin, ETF Approval

‣ Bitcoin (BTC): The BTC/USD pair is currently trading at $42,770, showing a 1.11% increase. The resistance levels for BTC are in the range of $44,000 – $44,400, and the support levels are in the range of $42,000 – $41,800.

‣ Ethereum (ETH): The ETH/USDT pair is currently trading at $2,307, indicating a 1.03% increase. The resistance levels for ETH are in the range of $2,386 – $2,542, and the support levels are in the range of $2,150 – $2,077.

‣ Fetch.ai (FET): The FET/USD pair is currently trading at $0.69, showing a 3.95% increase. The resistance levels for FET are in the range of $0.71 – $0.76, and the support levels are in the range of $0.67 – $0.61.

‣ The Graph (GRT): The GRT/USD pair is currently trading at $0.194, indicating a 5.56% increase. The resistance levels for GRT are in the range of $0.204 – $0.232, and the support levels are in the range of $0.455 – $0.427.

‣ Celestia (TIA): The TIA/USD pair is currently trading at $12.72, showing a 3.62% increase. The resistance levels for TIA are in the range of $12.70 – $14.60, and the support levels are in the range of $11.83 – $9.26.

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