Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline
Submitted by Anonymous (not verified) on Fri, 05/17/2024 - 14:30Ether's sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
Ether's sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.
FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.
The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.
Spot bitcoin exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars of investment.
The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024.
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