Ethereum Could Undergo a Rejection Here: Here’s Why<\/strong><\/h2>\nEthereum could undergo a rejection in the near future due to the level ETH is running up against being a horizontal pivot point on a short-term time frame.<\/p>\n
Referencing the chart below, which shows the importance of $366 to Ethereum, the trader wrote that it’s a “logical place for a rejection.”<\/p>\n
As can be seen on the chart, Ethereum printed two pivotal bounces off this level over the past few days, along with a rejection just earlier today.<\/p>\n
Ethereum managing to move past and hold above $366 will likely indicate that ETH’s recovery is valid.<\/p>\n
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/Eh1O5NBWAAQYzge?format=png&name=small\")
<\/p>\n
Chart of ETH's price action over the past few days with an analysis by crypto trader @Chase_NL.<\/pre>\nRelated Reading:\u00a0This European Crypto Exchange Was Just Hacked for $5 Million<\/a><\/h6>\nBitcoin Primed to Press Higher<\/strong><\/h2>\nBitcoin, though, might be primed to rally from here, which will ensure that ETH doesn’t undergo a rejection here.<\/p>\n
For one, as reported by NewsBTC previously, the cryptocurrency’s futures markets have printed a series of negative funding rates.<\/p>\n
Such rates are often seen before Bitcoin bounces. If BTC undergoes a bounce, altcoins such as Ethereum should follow.<\/p>\n
Featured Image from Shutterstock\r\nPrice tags: ethusd, ethbtc\r\nCharts from TradingView.com<\/a>\r\nIt's \"Logical\" for Ethereum To Reject At Current Prices: Here's Why<\/pre>\n","protected":false},"excerpt":{"rendered":"Since plunging from the $390 highs to $350 on Sunday morning, Ethereum has undergone a strong bounce that has taken it back above $365. The cryptocurrency has legacy markets and Bitcoin to thank, as both have pushed higher over the past few hours. Bitcoin now trades at $10,350 after reaching lows of $10,200 while the futures for leading American stock indices like the S&P 500 and Nasdaq are up 0.5% as of the Sunday evening (Monday morning in Asia) open. Ethereum, though, may soon undergo a correction as the price of the coin approaches a pivotal technical level. One trader, referencing that level in a recent analysis, suggested that it would be “logical” for the cryptocurrency to undergo a rejection now. Related Reading:\u00a0Here\u2019s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Ethereum Could Undergo a Rejection Here: Here’s Why Ethereum could undergo a rejection in the near future due to the level ETH is running up against being a horizontal pivot point on a short-term time frame. Referencing the chart below, which shows the importance of $366 to Ethereum, the trader wrote that it’s a “logical place for a rejection.” As can be seen on the chart, Ethereum printed two pivotal bounces off this level over the past few days, along with a rejection just earlier today. Ethereum managing to move past and hold above $366 will likely indicate that ETH’s recovery is valid. Chart of ETH’s price action over the past few days with an analysis by crypto trader @Chase_NL. Related Reading:\u00a0This European Crypto Exchange Was Just Hacked for $5 Million Bitcoin Primed to Press Higher Bitcoin, though, might be primed to rally from here, which will ensure that ETH doesn’t undergo a rejection here. For one, as reported by NewsBTC previously, the cryptocurrency’s futures markets have printed a series of negative funding rates. Such rates are often seen before Bitcoin bounces. If BTC undergoes a bounce, altcoins such as Ethereum should follow. Featured Image from Shutterstock Price tags: ethusd, ethbtc Charts from TradingView.com It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why<\/p>\n","protected":false},"author":497,"featured_media":434336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,6931,8686],"class_list":["post-438316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum-price","tag-ethusd"],"acf":[],"yoast_head":"\n
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<\/p>\nRelated Reading:\u00a0This European Crypto Exchange Was Just Hacked for $5 Million<\/a><\/h6>\nBitcoin Primed to Press Higher<\/strong><\/h2>\nBitcoin, though, might be primed to rally from here, which will ensure that ETH doesn’t undergo a rejection here.<\/p>\n
For one, as reported by NewsBTC previously, the cryptocurrency’s futures markets have printed a series of negative funding rates.<\/p>\n
Such rates are often seen before Bitcoin bounces. If BTC undergoes a bounce, altcoins such as Ethereum should follow.<\/p>\n
Featured Image from Shutterstock\r\nPrice tags: ethusd, ethbtc\r\nCharts from TradingView.com<\/a>\r\nIt's \"Logical\" for Ethereum To Reject At Current Prices: Here's Why<\/pre>\n","protected":false},"excerpt":{"rendered":"Since plunging from the $390 highs to $350 on Sunday morning, Ethereum has undergone a strong bounce that has taken it back above $365. The cryptocurrency has legacy markets and Bitcoin to thank, as both have pushed higher over the past few hours. Bitcoin now trades at $10,350 after reaching lows of $10,200 while the futures for leading American stock indices like the S&P 500 and Nasdaq are up 0.5% as of the Sunday evening (Monday morning in Asia) open. Ethereum, though, may soon undergo a correction as the price of the coin approaches a pivotal technical level. One trader, referencing that level in a recent analysis, suggested that it would be “logical” for the cryptocurrency to undergo a rejection now. Related Reading:\u00a0Here\u2019s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Ethereum Could Undergo a Rejection Here: Here’s Why Ethereum could undergo a rejection in the near future due to the level ETH is running up against being a horizontal pivot point on a short-term time frame. Referencing the chart below, which shows the importance of $366 to Ethereum, the trader wrote that it’s a “logical place for a rejection.” As can be seen on the chart, Ethereum printed two pivotal bounces off this level over the past few days, along with a rejection just earlier today. Ethereum managing to move past and hold above $366 will likely indicate that ETH’s recovery is valid. Chart of ETH’s price action over the past few days with an analysis by crypto trader @Chase_NL. Related Reading:\u00a0This European Crypto Exchange Was Just Hacked for $5 Million Bitcoin Primed to Press Higher Bitcoin, though, might be primed to rally from here, which will ensure that ETH doesn’t undergo a rejection here. For one, as reported by NewsBTC previously, the cryptocurrency’s futures markets have printed a series of negative funding rates. Such rates are often seen before Bitcoin bounces. If BTC undergoes a bounce, altcoins such as Ethereum should follow. Featured Image from Shutterstock Price tags: ethusd, ethbtc Charts from TradingView.com It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why<\/p>\n","protected":false},"author":497,"featured_media":434336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,6931,8686],"class_list":["post-438316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum-price","tag-ethusd"],"acf":[],"yoast_head":"\n
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Bitcoin, though, might be primed to rally from here, which will ensure that ETH doesn’t undergo a rejection here.<\/p>\n
For one, as reported by NewsBTC previously, the cryptocurrency’s futures markets have printed a series of negative funding rates.<\/p>\n
Such rates are often seen before Bitcoin bounces. If BTC undergoes a bounce, altcoins such as Ethereum should follow.<\/p>\n
Featured Image from Shutterstock\r\nPrice tags: ethusd, ethbtc\r\nCharts from TradingView.com<\/a>\r\nIt's \"Logical\" for Ethereum To Reject At Current Prices: Here's Why<\/pre>\n","protected":false},"excerpt":{"rendered":"Since plunging from the $390 highs to $350 on Sunday morning, Ethereum has undergone a strong bounce that has taken it back above $365. The cryptocurrency has legacy markets and Bitcoin to thank, as both have pushed higher over the past few hours. Bitcoin now trades at $10,350 after reaching lows of $10,200 while the futures for leading American stock indices like the S&P 500 and Nasdaq are up 0.5% as of the Sunday evening (Monday morning in Asia) open. Ethereum, though, may soon undergo a correction as the price of the coin approaches a pivotal technical level. One trader, referencing that level in a recent analysis, suggested that it would be “logical” for the cryptocurrency to undergo a rejection now. Related Reading:\u00a0Here\u2019s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Ethereum Could Undergo a Rejection Here: Here’s Why Ethereum could undergo a rejection in the near future due to the level ETH is running up against being a horizontal pivot point on a short-term time frame. Referencing the chart below, which shows the importance of $366 to Ethereum, the trader wrote that it’s a “logical place for a rejection.” As can be seen on the chart, Ethereum printed two pivotal bounces off this level over the past few days, along with a rejection just earlier today. Ethereum managing to move past and hold above $366 will likely indicate that ETH’s recovery is valid. Chart of ETH’s price action over the past few days with an analysis by crypto trader @Chase_NL. Related Reading:\u00a0This European Crypto Exchange Was Just Hacked for $5 Million Bitcoin Primed to Press Higher Bitcoin, though, might be primed to rally from here, which will ensure that ETH doesn’t undergo a rejection here. For one, as reported by NewsBTC previously, the cryptocurrency’s futures markets have printed a series of negative funding rates. Such rates are often seen before Bitcoin bounces. If BTC undergoes a bounce, altcoins such as Ethereum should follow. Featured Image from Shutterstock Price tags: ethusd, ethbtc Charts from TradingView.com It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why<\/p>\n","protected":false},"author":497,"featured_media":434336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,6931,8686],"class_list":["post-438316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum-price","tag-ethusd"],"acf":[],"yoast_head":"\n
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