Crypto Market Analysis: Heres What Next For Ethereum (ETH) & Binance (BNB) Price – Coinpedia Fintech News

The crypto market has been ablaze with activity lately, with many coins demonstrating massive growth potential.

However, two of the largest projects, Binance Coin (BNB) and Ethereum (ETH), have been struggling to surpass $335 and $2,000, respectively. Why? Do they have a future ahead? Weve answered all your queries. Read on.

Bluntz, a crypto expert who predicted the 2018 Bitcoin (BTC) bear market bottom, says Ethereum is displaying signs of bearish exhaustion. After surging to $2,000 last week, the analyst told his Twitter followers that Ethereum may have printed a bearish lower-high pattern.

His chart suggests ETH will climb for a few days before falling to $1,700.

I dunno about yall, but ETH definitely isnt looking too crash hot to me, he tweeted. Im hearing lower high. Ill probably re-evaluate at $1,700.

ETH had been fluttering around the $1,800 mark, but struck a low of $1,812 and now, the price is consolidating losses. The 100-hourly Simple Moving Average and $1,860 level remain below it. ETH/USDs hourly chart shows a critical bearish trend line with resistance near $1,860.

Ethereum is currently trading at $1,852.

Read more: Ethereum is Flashing Extreme Sell Signals! Heres Next Level for ETH Price Coinpedia Fintech News

Ethereums USD price has declined below $1,850 again and it could fall to $1,650 soon. The 100-hourly Simple Moving Average or $1,888 appears to be the first important resistance level. It is around the 61.8% Fib retracement of the drop from $1,936 to $1,812.

Following Bitcoin and Ethereum, Binance Coin (BNB) surpassed $325 last week. Bulls pushed the price above $335 and $340, but it hit resistance at $345. BNB is bearish on USD and BTC, according to Bluntz.

It feels like the market is trying to price something in on this pair, probably an FTX clawback or more regulatory bodyslams, not sure but it doesnt look too crash hot to me.

Overall, BNB may correct to $260, according to Bluntzs chart. Binance Coin (BNB) fell 1.55% to $325.97 in 24 hours. BNB gained 2.58% last week, showing a neutral outlook.

Its intriguing to see how Binance Coin and ETH will do against the surging meme coins. Only time will tell!

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Crypto Market Analysis: Heres What Next For Ethereum (ETH) & Binance (BNB) Price - Coinpedia Fintech News

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