Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000.
терминалдарда
Bitcoin (BTC) fell lower for a fifth straight session, as the token moved closer to a price floor at the $23,030 level.
Thursday saw bitcoin slip to an intraday low of $23,243.35, which is the weakest point it has traded at since August 10.
The move comes as the 10-day (red) moving average has finally shifted its direction, and now seems to be downward facing.
Жазуу жүзүндө, BTC/USD is down almost 5% from the same point last week, with price strength also tracking at a three-week low.
Looking at the chart, the relative strength index (RSI) is now tracking at 51.84, which comes following a breakout of the support point at 53.66.
Should bulls look to take BTC back over $24,000, then price strength will need to rise, sending the RSI above this floor.
Ethereum
Thursday also saw ethereum (ETH) move lower, as the asset extended its decline for a fifth straight day.
ETH/USD hit a bottom of $1,823.53 earlier in today’s session, as the Ethereum Foundation commented on recent rumors surrounding The Merge, and its potential impact on gas fees.
In a blog post, it was stated that, “Gas fees are a product of network demand relative to the network’s capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput.”
Traders who recently bought the rumor, helping send ETH to a three-month high earlier in the week, now seem to be slowly retreating.
As of writing, relative strength on ethereum was also down, as the RSI fell below a support point of 60.32
The index appears to be attempting to reenter this point today, and is currently tracking at 59.70. ETH/USD is trading marginally higher at a point of $1,854.84 as of writing.
Апта сайын бааларды талдоо жаңыртууларын почтаңызга жөнөтүү үчүн электрондук почтаңызды бул жерден каттаңыз:
Do you expect further declines in ethereum this week? Leave your thoughts in the comments below.
Элиман Дамбелл
Элиман брокердик директор, чекене соода боюнча окутуучу жана Crypto, Stocks жана FX базарында комментатор болуп иштеген, рынокту талдоо үчүн эклектикалык көз карашты алып келет.
Image насыялар: Shutterstock, Pixabay, Wiki Commons
баш тартуу: Бул макалада маалымат максатында гана болот. Сатып алуу же сатуу боюнча сунушту түздөн-түз сунуш кылуу же кандайдыр бир өнүмдөрдү, кызматтарды же компанияларды сунуш кылуу же жактыруу эмес. Bitcoin.com түзүп, салык, юридикалык же бухгалтердик пикирин бере албайт. Да, коом да, жазуучу менен шартталган себеп же болжолдонуп жаткан ар кандай жоготуу же бул макалада айтылган ар кандай мазмун, же кызмат боюнча же көз каранды пайдаланууга байланыштуу, түздөн-түз же кыйыр түрдө жооптуу болуп саналат.
ETH 1,900 доллардан төмөн, Ethereum Foundation Газ төлөмдөрү боюнча комментарийлер - Базар жаңыртуулары Bitcoin News
Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000.
терминалдарда
Bitcoin (BTC) fell lower for a fifth straight session, as the token moved closer to a price floor at the $23,030 level.
Thursday saw bitcoin slip to an intraday low of $23,243.35, which is the weakest point it has traded at since August 10.
The move comes as the 10-day (red) moving average has finally shifted its direction, and now seems to be downward facing.
Жазуу жүзүндө, BTC/USD is down almost 5% from the same point last week, with price strength also tracking at a three-week low.
Looking at the chart, the relative strength index (RSI) is now tracking at 51.84, which comes following a breakout of the support point at 53.66.
Should bulls look to take BTC back over $24,000, then price strength will need to rise, sending the RSI above this floor.
Ethereum
Thursday also saw ethereum (ETH) move lower, as the asset extended its decline for a fifth straight day.
ETH/USD hit a bottom of $1,823.53 earlier in today’s session, as the Ethereum Foundation commented on recent rumors surrounding The Merge, and its potential impact on gas fees.
In a blog post, it was stated that, “Gas fees are a product of network demand relative to the network’s capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput.”
Traders who recently bought the rumor, helping send ETH to a three-month high earlier in the week, now seem to be slowly retreating.
As of writing, relative strength on ethereum was also down, as the RSI fell below a support point of 60.32
The index appears to be attempting to reenter this point today, and is currently tracking at 59.70. ETH/USD is trading marginally higher at a point of $1,854.84 as of writing.
Апта сайын бааларды талдоо жаңыртууларын почтаңызга жөнөтүү үчүн электрондук почтаңызды бул жерден каттаңыз:
Do you expect further declines in ethereum this week? Leave your thoughts in the comments below.
Элиман Дамбелл
Элиман брокердик директор, чекене соода боюнча окутуучу жана Crypto, Stocks жана FX базарында комментатор болуп иштеген, рынокту талдоо үчүн эклектикалык көз карашты алып келет.
Image насыялар: Shutterstock, Pixabay, Wiki Commons
баш тартуу: Бул макалада маалымат максатында гана болот. Сатып алуу же сатуу боюнча сунушту түздөн-түз сунуш кылуу же кандайдыр бир өнүмдөрдү, кызматтарды же компанияларды сунуш кылуу же жактыруу эмес. Bitcoin.com түзүп, салык, юридикалык же бухгалтердик пикирин бере албайт. Да, коом да, жазуучу менен шартталган себеп же болжолдонуп жаткан ар кандай жоготуу же бул макалада айтылган ар кандай мазмун, же кызмат боюнча же көз каранды пайдаланууга байланыштуу, түздөн-түз же кыйыр түрдө жооптуу болуп саналат.
Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-below-1900-as-ethereum-foundation-comments-on-gas-fees/