Although the Bitcoin market struggled to recover, Ethereum’s market was responsible for saving the altcoins from a bearish trend. Since its last decline on April 22nd, Ethereum has experienced a powerful surge of 32%. Since then, the digital asset has stayed near its peak value, with ETH recently attempting to set a new all-time high.
Theta Price Analysis
Theta price analysis, Theta’s stock has increased by 51% in the last week and is currently consolidating above $10.50. This amount has historically provided good support for the asset’s value, allowing it to maintain its higher value. THETA was trading at $11.08 at the time of publication, with the stock showing signs of uncertainty.
At the time of publication, the dominant theme was bullish. Money had begun to flow out of the market, and the Signal line was approaching a crossover, so the trend could reverse. This indicated that selling pressure was the, and the digital asset would need to stay in the $10 range for the time being.
Etheruem Price Analysis [ETH]
At the time of publishing, Ethereum was trading at $2,787, near to the $2,793 resistance mark. The price of the alt was sponsored at $2,662.43, with the Signal line and the 50 moving average providing additional support underneath the candlesticks. This digital asset’s journey has recently been bullish, as evidenced by the soaring demand.
Despite the rally, ETH has stayed close to the equilibrium region, implying that the market’s buying and selling pressures have been balanced, despite the fact that the buying pressure was marginally increasing. As ETH’s journey began, the Awesome Oscillator also indicated an increase in bullish pressure.
BitTorrent Price Analysis [BTT]
The asset has been consolidating for some time, according to BitTorrent’s map, and the alt is continuing this trend. The digital asset was trading at $0.0069, indicating that the market was still bullish. A drop in momentum, on the other hand, suggested a potential turnaround.
Since the indicators indicated the buying and selling pressures were tallied, the limited range of trading for BTT may make detecting a long-term trend difficult. However, the MACD indicator was showing a widening gap between the MACD line and the signal line, which could support the bullish pressure in the short term.
Source : AMBCrypto