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Ethereum prints 4 consecutive red monthly candles, but data points to an ETH/BTC bottom

Summary by Cointelegraph

Data suggests that Ethereum could be close to finding a price bottom, but a bit more downside could occur first.

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Feast Magazine | The Magazine For Industry Professionals

Ethereum’s Worst Month Ever: Causes and Effects

Ethereum has been one of the first coins with real-life usage. But even something as popular as Ethereum can have tough times. Recently, Ethereum faced its worst month ever. So what exactly happened to Ethereum and will Ethereum regain its price or this is the start of another stage of the market? How Bad Is Everything Ethereum experiences ups and downs like any other coin in the crypto niche. But this time, the downturn was huge. In just one mo…

10 hours ago

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GlobalNewsIt

Ethereum prints 4 consecutive red monthly candles, but data points to an ETH/BTC bottom – #CryptoUpdatesGNIT

Ethereum’s native token, Ether (ETH), registered four consecutive red monthly candles after the altcoin dropped 18.47% in March. The altcoin’s current market structure reflects a sustained bearish trend not seen since the bear market of 2022. With each monthly close taking place below the previous month’s low, analysts are beginning the debate about whether ETH is approaching a bottom or if there is more downside ahead for the altcoin. Ethereum/…

17 hours ago

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World NEWS Live

Ethereum prints 4 consecutive red monthly candles, but data points to an ETH/BTC bottom - WorldNL Magazine

22 hours ago

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crypto.news

Ethereum’s chart looks “disastrous” — and the ETH/BTC ratio just confirmed it

Can Ethereum still claim L1 dominance as Solana gains ground and the ETH/BTC ratio crashes below 0.022? ETH/BTC hits a multi-year low Ethereum (ETH), the world’s second-largest crypto by market cap, is facing a sobering reality check. The ETH/BTC ratio,…

23 hours ago

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Crypto Breaking News

Ethereum Has 4 Consecutive Red Monthly Candles, Data Signals ETH/BTC Bottom

Ethereum has recently experienced four consecutive negative monthly price trends, as illustrated by red candles on the charts. However, analyzing the data suggests that this downward trend may have reached a bottom against Bitcoin. Despite the bearish nature of the market, key indicators point towards a potential reversal in the near future. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing signs of b…

1 day ago

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MaxBit

Ethereum prints 4 consecutive red monthly candles, but data points to an ETH/BTC bottom – MAXBIT

A decade of ETH price data suggests Ethereum bottoms each time it closes down for three consecutive months. Ethereum’s native token, Ether (ETH), registered four consecutive red monthly candles after the altcoin dropped 18.47% in March. The altcoin’s current market structure reflects a sustained bearish trend not seen since the bear market of 2022. With...

1 day ago

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