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ETH faced rejection at $1,898 as buying pressure failed to overthrow sellers’ presence. A sell signal could arise if the MFI continues its downtrend and ETH doesn’t hit a higher high. While slight bullish sentiment appeared, ETH might not eventually succumb to an uptrend. Although traders have shifted attention from Ethereum (ETH) and Bitcoin (BTC) lately, ETH was on the verge of finally losing hold of any sign of a bullish pattern. Recently, the altcoin has been hovering sound $1,860— a similar range it was seven days ago. ETH’s biggest concern might not be breaking above the $2,000 region, but its potential to lose hold on $1,800. However, if the crypto market cap recovers from its decline, then ETH could approach $2,000 and possibly move above it. ETH Has Been Rejected From the 4-hour chart, ETH’s attempt to cross into the $1,900 has been met with an overwhelming rejection at $1,898. The pause in the up trend could be linked to traders’ inclinatio...

Bitcoin keeps the market guessing over how it will treat the 200-week moving average at $26,500. Bitcoin (BTC) cooled the volatility into the June 8 Wall Street open as market participants waited for signals BTC/USD 1-hour candle chart on Bitstamp with 200WMA. Source: TradingView BTC spot clings to 200-week moving average Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling a key long-term trend line near $26,500. After flash volatility surrounding industry news events, the pair returned to sideways trading after bouncing from three-month lows. Now, the 200-week moving average (WMA) formed a critical focus. “We are currently sitting right on the 200WMA,” trading suite Decen trader wrote in part of the day’s Analysis . Decen trader opted for a conservative view of short timeframes, warning over an increasing long/short ratio on exchanges and that the U.S. trading session may open with selling. The LTF bear case for #Bitcoin: The Long/Short ratio is continuing ...

Join Our Telegram channel to stay up to date on breaking news coverage The price of Cronos is currently up by 3.61% in the past 24 hours , bringing its value to $0.08209. Cronos maintained a price above the $0.055 level almost throughout December 2022 until it rose to about $0.060 on January 6, 2023. But that was not the end of its rally, as it further appreciated to $0.08299 on January 16. CRO continued to rise until it hit its month’s high of $0.08304 on January 25. However, it failed to maintain that height and fell to $0.07886 as it launched into February. Although the token displayed some pullback in its price today, it has retained most of its gains over the last few weeks. This is how it looks on today’s charts. Cronos (CRO) Price Prediction Tradingview.com CRO formed two consecutive green candles between February 20 and 21, 2023. But it has pulled back slightly in the market today, February 22, trading at $0.08209 and forming a red candle on the price chart.  B...

Public Bitcoin miners will actively work to minimize costs in 2023 by going private or merging with other firms, Hash Rate Index analysts predicted. After a shocking year for Bitcoin (BTC), public miners will focus on strengthening balance sheets and minimizing costs this year, according to industry analysts. Bitcoin mining cost minimization will likely lead public miners to either go private or merge with other companies in 2023, Hash Rate Index’s Bitcoin analysts Jaran Mellerud and Colin Harper predicted. In a blog post titled “10 Bitcoin mining predictions for 2023,” the analysts pointed out that public miners are burdened with strict reporting requirements, such as spending millions of dollars on annual reporting. After many Bitcoin mining stocks plummeted 90% in 2022, public miners could significantly reduce administrative costs by going private or merging with others to share the costs. Alongside predicting that 2023 will become the year of Bitcoin miners’ merge, Hash Rate In...