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Technical Analysis – Ethereum fails to record a higher high

Cryptocurrencies are mostly in demand this weekEthereum rallies but fails to overcome the 2,667 levelMomentum indicators are mostly bullishFollowing Monday’s strong upleg, ethereum is experiencing a few quiet sessions by trading in a tight range. It is in the green today, but it remains stuck below the mid-September 2021 low of 2,667. Contrary to bitcoin’s strong performance and despite the positive newsflow, ethereum has failed to surpass the late-September peak, and hence continues to trad
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Cryptos rally but outlook remains clouded – Crypto News

Cryptos trade higher, driven by US equitiesSpot ETFs inflow confirm investors’ strong appetiteUS pre-election rhetoric supports cryptosBitcoin breaks above its recent trading range Cryptocurrencies are in demand again The cryptocurrency market is enjoying a rather strong week with bitcoin climbing to the highest level since late July and trading around 35% higher from the August 5 trough. The current move comes amidst a mixed environment with the markets experiencing a strong dollar, which
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Cryptocurrencies remain on the back footEthereum is still trading below its 50-day SMAMomentum indicators could turn bullishEthereum is recording a green session today, but it remains firmly below the 50-day simple moving average (SMA), which continues to act as strong resistance at this stage. The muted rally in stocks has failed to inspire crypto investors with yesterday's headlines that another crypto exchange is targeted by the SEC adding to the overall negative sentiment.In the meantime
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Bitcoin in tepid rebound as geopolitical woes ease – Crypto News

Inflows lift Bitcoin on Monday, but rebound faltersImproved sentiment holds price action above 50-day MABut geopolitical and election risks keep bulls in checkA short-lived bounce?Digital assets took a significant hit last week from the geopolitical turmoil, as Iran’s missile attack on Israel drove investors to safe-haven assets such as gold, leading to the first outflow in three weeks.
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Technical Analysis – Ethereum’s retreat pauses at the 2,380 area

Cryptos remain under pressure as risk-off sentiment lingersEthereum is trading below its 50-day SMAMomentum indicators are mixed at this stageEthereum is recording a green session today, recovering somewhat after six consecutive negative days as the developments in the Middle East dented demand for risky assets. It is hovering below its 50-day simple moving average (SMA) with the recent bullish trend remaining intact and supported by a series of higher highs and higher lows.In the meantime, the
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Technical Analysis – Bitcoin in a slippery mode within SMAs

Bitcoin battles with 60,200 areaRSI implies further decreasesBitcoin prices have been falling since they peaked at 66,450 and have been hovering within the 50- and 100-day simple moving averages (SMAs) over the last couple of days. If the market continues to dive, then immediate support could come from the 57,600 support level ahead of the 52,470 barrier, registered on September 7.On the other hand, if the market successfully climbs above the 100-day SMA, it may re-challenge the 200-day SMA, wh
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Technical Analysis – Ethereum hovers in the 2,650 area

Cryptos benefit from the improved risk sentimentEthereum is trading above the 50-day SMAMomentum indicators remain bullishEthereum is recording a green session today, recovering its mid-week weakness and testing the resistance set by the 2,667 level. The improved risk sentiment in equity markets has boosted demand for cryptocurrencies, helping ethereum to quickly bounce back from its early September trough and to climb above its 50-day simple moving average (SMA).In the meantime, the momentum in
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Bitcoin’s Fed rally slows down, stalls below $64,700 – Crypto News

Bitcoin rallies on speculation of another 50bps cut by the Fed But slows down after policymakers favor a smaller reductionHarris leading the US election polls is also reason for caution Focus remains on US data, PCE inflation on FridayFed rally loses steam ahead of PCE dataBitcoin rallied nearly 5% on Thursday, the day after the Fed decided to cut interest rates by 50bps and to signal that another 50 are on the cards for the remainder of 2024. At the press conference following the decision, Fed
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Technical Analysis – Ethereum benefits from Fed decision

The crypto market has responded favorably to the Fed rate cut Ethereum is in the green but a bearish trend is still in place Momentum indicators are turning bullish Ethereum is experiencing a green session today, recovering from Monday’s correction and preparing to test the recent $2,464 high. The crypto world appears to be benefiting from Wednesday’s aggressive Fed rate cut, contrary to the US stock indices being under pressure.
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Bitcoin pulls back ahead of key Fed decision – Crypto News

Crypto traders turn cautious ahead of Fed decision Trump’s crypto project does not spark fireworks ETF inflows slow substantially Overly dovish Fed bets pose downside risks   Cautiousness as Fed cut looms Bitcoin recovered more than 15% between September 7 and 14, perhaps as more market participants were convinced that the Fed will start this easing cycle with a bold 50bps move on Wednesday.
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Bitcoin pulls back ahead of key Fed decision – Crypto News

Crypto traders turn cautious ahead of Fed decisionTrump’s crypto project does not spark fireworksETF inflows slow substantiallyOverly dovish Fed bets pose downside risksCautiousness as Fed cut loomsBitcoin recovered more than 15% between September 7 and 14, perhaps as more market participants were convinced that the Fed will start this easing cycle with a bold 50bps move on Wednesday.Although there are no concrete signs about a potential recession in the US, the softening of the labor market,
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Bitcoin slips as Trump fails to get poll boost after presidential debate – Crypto News

Bitcoin rebounds before coming under pressure again Harris seen as winner of first presidential debate with pro-crypto Trump Unconvincing recovery in equities doesn’t help sentiment for cryptos Bitcoin’s rebound runs into trouble Bitcoin and other major cryptos have bounced back from their late August-early September slide, but lingering anxiety in the markets about a slowing US economy is limiting the upside, while the country’s looming presidential election is also keepi
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Cryptos’ short-term outlook rests on the Fed – Crypto News

Cryptos trade lower due to overall negative market sentiment Spot ETFs outflow confirm investors’ lower appetite Cryptos desperately looking for new bullish catalysts Ethereum a tad above some key support levels Cryptocurrencies remain under pressure The cryptocurrency world remains under severe pressure with bitcoin repeatedly failing to climb above the $60k area.
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Technical Analysis – Bitcoin slides and hits the 56,200 support

Bitcoin has been declining since August 26 The bigger picture points to a broadening formation Oscillators imply further declines within the pattern BTCUSD has been sliding lately, after hitting resistance near the 64,700 zone on August 24 and 26. The crypto king dropped below the key support (now turned into resistance) zone of 61,600 and found support slightly below 56,200 yesterday.
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Bitcoin trades in rollercoaster manner, returns below $60,000 – Crypto News

Expectations of lower Fed rates benefit bitcoin Crypto-friend Kennedy endorses Donald Trump But speculation of potential major sale weigh   Fed’s Powell sounds more dovish than expected Bitcoin rallied around 5% on Friday after Fed Chair Powell appeared more dovish than expected at the Jackson Hole Economic Symposium, perhaps receiving extra support after Robert F.

Bitcoin holds above $60,000 ahead of Jackson Hole – Crypto News

Bitcoin recoups some losses as risk sentiment rebounds But cryptos fail to erase latest slump, lagging against stocks Absence of new catalysts shifts attention to presidential race   Bitcoin at a crucial level ahead of Jackson Hole Bitcoin is down more than 9% this month, lagging almost against every major asset class. In early August, cryptocurrencies plummeted amid a broader selloff in risk sensitive assets, after the July downbeat NFP report triggered concerns over the health
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Technical Analysis – BTCUSD completes death cross

BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat July NFP report. In contrast to stocks, Bitcoin has failed to recover notable ground as the 50-day simple moving average (SMA) has repeatedly repelled any upside attempts.
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Bitcoin stages comeback after sharp selloff – Crypto News

Bitcoin took a hit by a wave of risk aversion in markets But it quickly bounced back as traders bought the dip Ethereum completes death cross on the daily chart   Bitcoin recoups losses Cryptocurrencies plummeted on the back of a broader selloff in risk sensitive assets, triggered by concerns over the health of the US economy after the latest downbeat NFP report.
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Bitcoin retreats as traders unwind Trump trade – Crypto News

Bitcoin slips after failing to claim the 70,000 psychological mark Probably due to profit taking as markets clip odds of a Trump win Crypto correlation with stocks remains relatively low   Bitcoin under pressure Bitcoin has been on a slippery slope this week after touching the $70,000 psychological mark, on Monday, for the first time since June 7. Much of this weakness is attributed to the risk off sentiment observed in markets, but it is certainly more than that.
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Technical Analysis – BTCUSD retreats from 1-month high

BTCUSD pulls back after touching the 70,000 mark The bears eye the 50-day SMA as next crucial target Momentum indicators are skewed to the downside BTCUSD (Bitcoin) had a very strong July, with the price reaching the 70,000 psychological mark for the first time in more than a month. Since then, it has been experiencing a downside correction, which is on track to test the 50-day simple moving average (SMA).
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