Thursday, March 23, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Altcoin News

Crypto Analyst Says Ethereum Showing Strength, Updates Forecasts for Top ETH Rivals

by ethozedge
May 11, 2022
in Altcoin News
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter


A popular crypto analyst is digging into the charts as the markets try to recover from a rocky start to the week.

The pseudonymous analyst known as Altcoin Sherpa tells his 175,400 followers that leading smart contract platform Ethereum (ETH) has already fallen back to its January lows in the $2,100 range.

“Interesting observation for Ethereum is that it’s right at its January lows; something that BTC [Bitcoin] already broke past.

BTC is closer to its May lows while ETH/USD is still decently above those levels. Decent strength…”

Image
Source: Altcoin Sherpa/Twitter

Ethereum has recovered from its Monday lows at time of writing, up 4.19% on the day and trading for $2,371.

The pseudonymous trader next looks at the cross-chain interoperability protocol Polkadot (DOT), setting a target of sub-$6 as an entry-level.

“$6 is coming if this level gets lost. Seems like a decent scalp long at a minimum.”

Image
Source: Altcoin Sherpa/Twitter

Polkadot was trading above $16 a week ago but ground its way down below $11 before recovering slightly. DOT is currently up 4.92% over the last 24 hours, priced at $11.57.

The chart guru then moves on to layer-1 smart contract platform Avalanche (AVAX), which also saw a major price drop from above $68 on May 5th to below $42 just days later. Altcoin Sherpa is looking to get in now.

“Seems like a good buying area. 1W former all-time-high levels tapped.”

Image
Source: Altcoin Sherpa/Twitter

Avalanche is rallying, up 11.62% on the day and is changing hands for $45.43.

Altcoin Sherpa next considers scalability and interoperability ecosystem Cosmos (ATOM), setting his sights on the crypto asset capitulating at the $10 level if Bitcoin (BTC) also wavers.

“Ultimately sub-$10 seems possible in the coming weeks if BTC takes another dump, but this area should provide some support.”

Image
Source: Altcoin Sherpa/Twitter

Cosmos is also recovering from an ugly week of price action, in the green by 12.64% with a price of $13.74, but still down considerably from its seven-day peak of above $20.

The analyst wraps up his tweetstorm by highlighting $30,000 to $35,000 as Bitcoin’s current support range.

“This remains an area of support for now, I’m starting to fill some bids. Too much uncertainty with macro to assume the bottom is in quite yet.

From a [technical analysis] standpoint alone, the next level up would be around $23,000 and then $20,000 by volume profile.”

Image
Source: Altcoin Sherpa/Twitter

BTC lost nearly 25% over the course of the past week, ceding $40,000 and barely holding the line at $30,269.

At time of writing, Bitcoin is up 3.82% over the last 24 hours, valued at $31,111.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/NotjungCG/Sensvector





Source link

Tags: Analystbitcoin newsCryptocrypto analysiscrypto newsETHEthereumEthoz EdgeForecastsLatest bitcoin newslatest crypto newsRivalsShowingStrengthTopUpdates
Share76Tweet47

Related Posts

6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice

by ethozedge
March 23, 2023
0

The U.S. Securities and Exchange Commission has specifically targeted several Ethereum-based altcoins on Coinbase before sending today’s Wells Notice to...

Ethereum Price Dips as Markets Digest Latest Fed’s Interest Rate Decision

by ethozedge
March 22, 2023
0

Ethereum price has been hovering around its highest level in 7 months for the past few days amid a boost...

Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap

by ethozedge
March 22, 2023
0

Top US crypto exchange Coinbase has added Arbitrum’s upcoming crypto asset, ARB, to its listing roadmap, in anticipation of the...

Cardano (ADA)-Based Stablecoin To Migrate to Ethereum (ETH), Binance Smart Chain and More, Says COTI CEO

by ethozedge
March 21, 2023
0

The firm behind a US dollar-pegged stablecoin built on Cardano (ADA) plans for it to be available on blockchains like...

24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment

by ethozedge
March 21, 2023
0

Nearly 25 trillion SHIB tokens worth over a quarter billion dollars have left a top crypto exchange and are now...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

March 23, 2023

8 Best Crypto Airdrops in 2023: Get Free Crypto

March 23, 2023

Is There a Sunny Outlook for Solana?

March 23, 2023

Coinbase Tries AI Assistant Chatgpt for Pre-Listing Risk Assessment of Tokens – Exchanges Bitcoin News

March 23, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$28,505.00-0.78%
  • ethereumEthereum(ETH)$1,827.791.09%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.52%
  • binancecoinBNB(BNB)$329.840.36%
  • usd-coinUSD Coin(USDC)$1.00-0.13%
  • rippleXRP(XRP)$0.4540623.32%
  • cardanoCardano(ADA)$0.3817381.49%
  • dogecoinDogecoin(DOGE)$0.0783522.45%
  • staked-etherLido Staked Ether(STETH)$1,823.501.07%
  • matic-networkPolygon(MATIC)$1.150.61%
  • solanaSolana(SOL)$22.54-0.95%
  • binance-usdBinance USD(BUSD)$1.00-0.34%
  • polkadotPolkadot(DOT)$6.402.20%
  • litecoinLitecoin(LTC)$94.0715.80%
  • shiba-inuShiba Inu(SHIB)$0.0000110.16%
  • tronTRON(TRX)$0.064058-4.52%
  • avalanche-2Avalanche(AVAX)$17.640.22%
  • daiDai(DAI)$1.00-0.17%
  • uniswapUniswap(UNI)$6.402.27%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,519.00-0.76%
  • chainlinkChainlink(LINK)$7.570.61%
  • cosmosCosmos Hub(ATOM)$11.800.27%
  • ToncoinToncoin(TON)$2.29-6.50%
  • leo-tokenLEO Token(LEO)$3.35-0.84%
  • ethereum-classicEthereum Classic(ETC)$21.022.42%
  • moneroMonero(XMR)$154.750.02%
  • okbOKB(OKB)$44.88-3.07%
  • bitcoin-cashBitcoin Cash(BCH)$129.60-1.58%
  • stellarStellar(XLM)$0.0940012.34%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • filecoinFilecoin(FIL)$5.921.88%
  • AptosAptos(APT)$13.077.21%
  • lido-daoLido DAO(LDO)$2.391.33%
  • true-usdTrueUSD(TUSD)$1.00-0.22%
  • hedera-hashgraphHedera(HBAR)$0.0633560.31%
  • quant-networkQuant(QNT)$128.360.52%
  • nearNEAR Protocol(NEAR)$2.072.21%
  • crypto-com-chainCronos(CRO)$0.070336-0.51%
  • vechainVeChain(VET)$0.0237722.61%
  • blockstackStacks(STX)$1.205.66%
  • ArbitrumArbitrum(ARB)$1.29-74.39%
  • algorandAlgorand(ALGO)$0.222003-0.68%
  • internet-computerInternet Computer(ICP)$5.240.80%
  • apecoinApeCoin(APE)$4.152.71%
  • fantomFantom(FTM)$0.501.97%
  • the-graphThe Graph(GRT)$0.1539343.58%
  • eosEOS(EOS)$1.161.32%
  • the-sandboxThe Sandbox(SAND)$0.671.41%
  • aaveAave(AAVE)$78.710.89%
  • decentralandDecentraland(MANA)$0.621.37%
  • elrond-erd-2MultiversX(EGLD)$44.011.86%
  • tezosTezos(XTZ)$1.192.35%
  • flowFlow(FLOW)$1.041.88%
  • immutable-xImmutableX(IMX)$1.22-6.93%
  • theta-tokenTheta Network(THETA)$1.051.85%
  • fraxFrax(FRAX)$1.00-0.02%
  • axie-infinityAxie Infinity(AXS)$8.781.49%
  • kucoin-sharesKuCoin(KCS)$9.09-1.84%
  • neoNEO(NEO)$12.503.73%
  • havvenSynthetix Network(SNX)$2.74-1.52%
  • optimismOptimism(OP)$2.58-1.34%
  • conflux-tokenConflux(CFX)$0.379468-6.88%
  • rocket-poolRocket Pool(RPL)$40.340.02%
  • BitDAOBitDAO(BIT)$0.54-2.22%
  • gatechain-tokenGate(GT)$5.381.90%
  • paxos-standardPax Dollar(USDP)$1.00-0.11%
  • curve-dao-tokenCurve DAO(CRV)$0.98-1.25%
  • terra-lunaTerra Luna Classic(LUNC)$0.000127-0.65%
  • mina-protocolMina Protocol(MINA)$0.853.42%
  • bitcoin-cash-svBitcoin SV(BSV)$37.600.64%
  • klay-tokenKlaytn(KLAY)$0.2340601.80%
  • usddUSDD(USDD)$0.99-0.68%
  • dashDash(DASH)$63.5712.12%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.90-2.27%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.79-0.18%
  • chilizChiliz(CHZ)$0.1239701.60%
  • gmxGMX(GMX)$77.39-1.59%
  • sapphireSapphire(SAPP)$0.7035.32%
  • ecasheCash(XEC)$0.0000322.24%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$684.810.98%
  • frax-shareFrax Share(FXS)$8.222.01%
  • iotaIOTA(MIOTA)$0.2173111.81%
  • bittorrentBitTorrent(BTT)$0.000001-2.05%
  • singularitynetSingularityNET(AGIX)$0.494126-1.44%
  • huobi-tokenHuobi(HT)$3.67-7.63%
  • Bitget TokenBitget Token(BGB)$0.404921-0.15%
  • compound-ethercETH(CETH)$36.871.30%
  • xdce-crowd-saleXDC Network(XDC)$0.039171-3.28%
  • EdgecoinEdgecoin(EDGT)$1.00-0.35%
  • Tokenize XchangeTokenize Xchange(TKX)$6.520.62%
  • pax-goldPAX Gold(PAXG)$1,996.382.03%
  • trust-wallet-tokenTrust Wallet(TWT)$1.200.37%
  • render-tokenRender(RNDR)$1.38-2.97%
  • tether-goldTether Gold(XAUT)$1,988.190.28%
  • radixRadix(XRD)$0.04738814.65%
  • mask-networkMask Network(MASK)$6.0918.39%
  • zilliqaZilliqa(ZIL)$0.0286692.31%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • loopringLoopring(LRC)$0.3636114.76%
  • osmosisOsmosis(OSMO)$0.82-1.06%
  • compound-usd-coincUSDC(CUSDC)$0.0228640.41%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • 1inch1inch(1INCH)$0.530.71%
  • arweaveArweave(AR)$8.660.53%
  • thorchainTHORChain(RUNE)$1.450.65%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,963.471.55%
  • convex-financeConvex Finance(CVX)$5.48-1.31%
  • oec-tokenOKC Token(OKT)$23.100.92%
  • zcashZcash(ZEC)$37.886.29%
  • enjincoinEnjin Coin(ENJ)$0.4059581.90%
  • fetch-aiFetch.ai(FET)$0.390561-0.32%
  • dydxdYdX(DYDX)$2.642.45%
  • kavaKava(KAVA)$0.89-1.02%
  • casper-networkCasper Network(CSPR)$0.037171-0.01%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.21%
  • nexoNEXO(NEXO)$0.702.55%
  • DeFiChainDeFiChain(DFI)$0.58-1.03%
  • btse-tokenBTSE Token(BTSE)$2.38-0.26%
  • basic-attention-tokenBasic Attention(BAT)$0.2553723.61%
  • FlareFlare(FLR)$0.0317772.47%
  • EthereumPoWEthereumPoW(ETHW)$3.471.38%
  • FLOKIFLOKI(FLOKI)$0.000038-2.61%
  • ethereum-name-serviceEthereum Name Service(ENS)$14.111.09%
  • cdaicDAI(CDAI)$0.0222280.38%
  • nemNEM(XEM)$0.040064-0.14%
  • DogechainDogechain(DC)$0.001787-24.98%
  • Nexus MutualNexus Mutual(NXM)$52.511.79%
  • MagicMagic(MAGIC)$1.67-8.12%
  • qtumQtum(QTUM)$3.335.51%
  • woo-networkWOO Network(WOO)$0.2075332.66%
  • WEMIXWEMIX(WEMIX)$1.41-1.67%
  • Aleph ZeroAleph Zero(AZERO)$1.55-0.06%
  • injective-protocolInjective(INJ)$4.263.68%
  • holotokenHolo(HOT)$0.0018932.36%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-2.35%
  • theta-fuelTheta Fuel(TFUEL)$0.0549622.07%
  • galaGALA(GALA)$0.043048-0.46%
  • terra-luna-2Terra(LUNA)$1.36-2.27%
  • ravencoinRavencoin(RVN)$0.0268360.28%
  • celoCelo(CELO)$0.642.44%
  • kusamaKusama(KSM)$34.842.81%
  • compound-governance-tokenCompound(COMP)$44.511.42%
  • oasis-networkOasis Network(ROSE)$0.0596821.16%
  • decredDecred(DCR)$20.122.35%
  • bitcoin-goldBitcoin Gold(BTG)$16.79-1.55%
  • Access ProtocolAccess Protocol(ACS)$0.0098735.14%
  • gnosisGnosis(GNO)$113.101.00%
  • Gains FarmGains Farm(GFARM2)$8,150.47-3.70%
  • BeldexBeldex(BDX)$0.0558771.12%
  • yearn-financeyearn.finance(YFI)$8,764.150.09%
  • olympusOlympus(OHM)$10.330.70%
  • audiusAudius(AUDIO)$0.2877431.85%
  • ankrAnkr Network(ANKR)$0.0347641.58%
  • AstarAstar(ASTR)$0.065117-3.59%
  • KaspaKaspa(KAS)$0.016265-0.65%
  • balancerBalancer(BAL)$7.044.66%
  • linkLINK(LN)$41.38-0.37%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.59%
  • harmonyHarmony(ONE)$0.0221052.52%
  • liquity-usdLiquity USD(LUSD)$1.01-0.23%
  • nucypherNuCypher(NU)$0.2030026.27%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.14-3.37%
  • stepnSTEPN(GMT)$0.4138673.56%
  • SSV NetworkSSV Network(SSV)$36.912.31%
  • chiaChia(XCH)$37.960.86%
  • huobi-btcHuobi BTC(HBTC)$28,499.00-0.37%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • convex-crvConvex CRV(CVXCRV)$0.87-0.94%
  • omisegoOMG Network(OMG)$1.801.79%
  • AstraferAstrafer(ASTRAFER)$1.611.02%
  • Gains NetworkGains Network(GNS)$8.273.66%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • BlurBlur(BLUR)$0.59-4.68%
  • golemGolem(GLM)$0.2462830.89%
  • iotexIoTeX(IOTX)$0.0255832.55%
  • moonbeamMoonbeam(GLMR)$0.3987022.74%
  • justJUST(JST)$0.026233-1.90%
  • jasmycoinJasmyCoin(JASMY)$0.0049141.39%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • DAO MakerDAO Maker(DAO)$1.565.15%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • kadenaKadena(KDA)$1.02-0.52%
  • escoin-tokenEscoin(ELG)$2.871.05%
  • ecomiECOMI(OMI)$0.000836-2.81%
  • Frax EtherFrax Ether(FRXETH)$1,832.741.40%
  • wavesWaves(WAVES)$2.27-0.05%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • tether-eurtEuro Tether(EURT)$1.091.05%
  • amp-tokenAmp(AMP)$0.003928-0.25%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • band-protocolBand Protocol(BAND)$1.752.55%
  • nervos-networkNervos Network(CKB)$0.00641212.46%
  • siacoinSiacoin(SC)$0.0041241.77%
  • sushiSushi(SUSHI)$1.10-4.64%
  • ontologyOntology(ONT)$0.2378592.83%
  • terrausdTerraClassicUSD(USTC)$0.021398-2.30%