Ethereum Price Prediction: ETH/USD Nearly Hits $4000 as a Retracement May Follow

ETH Price Prediction – May 9

ETH/USD is moving higher and above the main barrier of $3900 as the coin stays higher.

ETH/USD Market

Key Levels:

Resistance levels: $4400, $4600, $4800

Support levels: $3200, $3000, $2800

ETHUSD – Daily Chart

ETH/USD keeps the bullish movement as the coin continues to break the higher highs. Presently, the Ethereum (ETH) is making a gain of almost 0.14% and touches the daily high of $3984. However, the second-largest crypto is managing to keep its price above the 9-day and 21-day moving averages. Meanwhile, traders can expect Ethereum to prepare itself steadily for a ride towards $4000.

Where is ETH Price Going Next?

In the last few days, Ethereum has moved from $2216 to $3984 and at the same time moving to break the upper boundary of the channel. However, the ongoing trend may move a little bit higher in the coming week if … Read more

Citigroup Launches Crypto Trading and Custody Services

Citigroup, a banking giant, is launching a crypto trading and custody service. The new service aims to meet the growing demand for crypto assets.

Itay Tuchman, the global head of forex for Citigroup, has confirmed that the bank had witnessed a rapid accumulation in Bitcoin (BTC) interest from institutional clients. Tuchman announced the move in a report published in Financial Times.

According to Tuchman, banks could venture into crypto through proprietary trading, where they use their resources to make profits. “There are different options from our perspective, and we are considering where we can to best service clients. This is not going to be a prop-trading effort,” said Tuchman.

Not happening any time soon

However, Citigroup has confirmed that it is taking its time to launch crypto services. Tuchman stated that the bank would only jump into the crypto space when it was sure that its clients could benefit. It … Read more

Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck between $53,000 and $58,000 as Bears and Bulls Continue Unending Price Tussles

Bitcoin (BTC) Price Prediction – May 7, 2021
Since May 1, BTC/USD upward moves have been restricted below $58,000 high. Bitcoin now fluctuates between $53,000 and $58,000 price levels. Bitcoin bulls have retested the $58,000 resistance level on four occasions but unable to break it. BTC price is now falling after the last rejection.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

BTC/USD – Daily Chart

BTC price is falling on the downside after rejection from the $58,000 resistance zone. Yesterday, the king coin dropped to $55,500 support and pulled back to retest the $57,000 high before resuming the downward move. Selling pressure will persist if price breaks below the moving averages. The market will fall and revisit the previous low at $53,000. On the other hand, if price falls and finds support above the moving averages, the uptrend will resume. The downtrend becomes necessary because buyers … Read more

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Bitcoin Price Prediction: BTC/USD Stays Above the Moving Averages; Recovery May be Limited by $55,000 Level

Bitcoin (BTC) Price Prediction – March 5

BTC/USD is up by more than 6.94% as the price struck a sudden and bullish price spike.

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $62,000, $64,000, $66,000

Support Levels: $48,000, $46,000, $44,000

BTCUSD – Daily Chart

The daily chart reveals that BTC/USD is pushing the price above the crucial resistance level of $56,500. The coin is moving towards $57,000 to trade at $56,914 at the time of writing. However, the number-one crypto is moving with strong bullish momentum after a sustainable break above an important technical level. Meanwhile, BTC/USD has gained over 6% since the beginning of the day as it is currently using $53,000 support as a jumping-off ground to develop the upside momentum, which is now gaining traction.

What to Expect from Bitcoin (BTC)

As the king coin stays above the moving averages, the return below $57,000 could … Read more