Market Update News

The bearish setup positions Ethereum price to extend the decline toward $2,000.

The pattern's neckline support near $1,984 emerges as Ether's downside target.

Rushing to the so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve could taper its $120-billion-a-month asset-purchasing program.

Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market.

Meanwhile, the SOL's latest downside move forms a classic bullish continuation structure, with a profit target above $250.

Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005.

SUSHI price reached its best level in four months while its top rivals Uniswap, THORChain, and PancakeSwap also saw gains.

The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study.

Bitcoin’s surge above $48,000 catalyzed a strong move from REN, KEEP and FRONT.

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.

RGT, CRV and SNX saw double-digit rallies after new governance proposals and migrations to layer-2 platforms.

The drop came in sync with the overall crypto market decline in recent sessions.

The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure.

The Alonzo upgrade did little in protecting Cardano from falling in tandem with the rest of the cryptocurrency market, though bullish technical factors remain.

The bullish setup emerges as traders raise their upside bets on smart contract protocols that rival Ethereum.