Yashu Gola is a Mumbai-based financial analyst who has been covering the cryptocurrency industry since 2014. Prior to his career in journalism, Yashu was a security analyst at Premiershield and a copywriter at Appin Technology.
The bearish setup positions Ethereum price to extend the decline toward $2,000.
Ethereum 'head & shoulders' chart pattern puts ETH price at risk of dropping to $2K
The pattern's neckline support near $1,984 emerges as Ether's downside target.
Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears
Bitcoin has been leaving Coinbase’s wallets in 2021, while BTC exchange reserves on Binance tell a different story.
Bitcoin extends slide below $43K as Binance’s BTC stash grows to May-crash levels
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.
Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250K–$350K in 2021
Rushing to the so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve could taper its $120-billion-a-month asset-purchasing progr...
Bitcoin jumps to $49K amid fears of 5%-plus inflation is here to stay
Meanwhile, the SOL's latest downside move forms a classic bullish continuation structure, with a profit target above $250.
Solana chart 'bull flag' eyes $250 despite SOL price down 40% since last week
Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005.
Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listing