Ethereum News by Thebittimes.Com

The Degen Crypto price has soared 19% in the last 24 hours to trade at $0.01488 as of 8:40 p.m. EST on a 151% pump in trading volume to $136 million. The price was previously stuck in a consolidation range between $0.0095 and $0.0105. This range acts as a period of accumulation, where buyers and sellers are relatively in balance. The breakout from this zone shows a strong parabolic move upward, a shift in market sentiment to the bullish side. Degen Crypto Price Breaks Out Of Consolidation Zone The DEGEN/USD 4-hour chart reveals strong bullish momentum after a decisive breakout from a consolidation zone. Accompanied by high trading volumes, this breakout confirms the trend’s strength and establishes the zone as strong support in the event of a broader pullback. The parabolic curve is a classic sign of accelerating bullish momentum. The parabolic nature of this rally suggests that buyers are increasingly confident, pushing the price higher in a near-vertical trajectory. However...

The Bitcoin price surged 17% in the last week and 2% in the last 24 hours to trade at $80,654 as of 02:20 a.m. EST on trading volume that skyrocketed 99% to $86 billion. The Donald Trump election victory continued to pump markets over the past 24 hours, with Bitcoin clocking another all-time high at $81,800, according to CoinGecko. Bitcoin Price Moving Towards A Sustained Bullish Trend The BTC/USD chart shows an upward trend over recent months, especially since September. The Bitcoin price appears to be in a rising channel (indicated by the two white trendlines), suggesting a bullish trend. The price is currently near the upper boundary of this channel, surpassing the $79,000 level, which often acts as resistance, according to data from GeckoTerminal . BTC price is now moving above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend. The 50-day SMA has crossed above the 200-day SMA, forming a golden cross around the $65,000, which is a sign of ...