Ethereum bears to pounce on ETH bulls, -15% drop in crosshairs
Ethereum price jumped +4.57% yesterday and is presently up nearly +3% today. The new weekly highs come as Ethereum hits some significant resistance levels in the Ichimoku system. Failure to cross and hold above these Ichimoku levels will likely create a -15% drop towards the $2,900 value area.
Bitcoin bulls get overconfident, but BTC faces strong resistance
Since Monday, Bitcoin price has made some impressive moves, driving higher from the Monday lows of $43,444 to the current weekly high at $46,134. Bulls have pushed Bitcoin price higher with little resistance or retracement. However, strong resistance levels could trigger an end to the current bullish momentum.
Axie Infinity hints at 16% upswing despite AXS sideways price action
Axie Infinity (AXS) price action is range trading, with a 18% bandwidth. A surplus bullish element with the 55-day Simple Moving Average (SMA) coming into play below the current price is helping buyers gain traction and wash out sellers on the upper end of the range. Once through there, it is a quick spurt towards $85.22.
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