Tag: Bulls

ETH Bulls Target $2.8K But Data Highlights Many Hurdles

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After reaching a monthly high of $2,209 on Friday, Ether (ETH) price fell back below a key monthly resistance, which has been tested five times since February. While onchain data highlights a large cluster of investors near $2,800, Ether’s futures market data shows traders are scaling back positions after this week’s rally. Investors’ $2,800 cost basis highlights a major accumulation zone Data from Glassnode indicated that ETH’s cost-basis distribution heatmap shows a heavy accumulation near $2,800, where more than 3 million ETH were previously purchased. The cost-basis clusters identify the…

Bitcoin Bounces Off $74K Resistance As Bulls Pile Into BTC, Altcoins

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Key points: Bitcoin turned down from the $74,000 level, indicating that the bears remain sellers on rallies. Several major altcoins are showing strength and are likely to break above their immediate resistance levels. Bitcoin (BTC) turned down from the $74,000 level, indicating that the bears are vigorously defending the level. Glassnode said in its latest Week On-chain newsletter that BTC is stuck between the realized price (average acquisition cost of all circulating supply) at $54,400 and true market mean (the cost basis of actively transacted coins) at $78,000. Rally attempts…

XRP Bolinger Bands Compress as Bulls Aim for $2.55

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XRP’s (XRP) price was up 3% on Friday to trade above $1.40 as several technical and onchain indicators suggested it was due for a “significant” upward breakout. Key takeaways: XRP’s Bollinger Bands indicator now sees the potential for a massive price breakout. XRP’s falling wedge pattern targets $2.55. Declining exchange balances and persistent outflows indicate XRP accumulation. XRP Bollinger Bands point at “significant” breakout Bollinger Bands, a technical indicator used by traders to assess price momentum and volatility within a certain range, have reached their tightest point in eight months,…

Solana (SOL) Upside Awakens — Will Bulls Finally Hit $100?

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Solana started a fresh increase above the $88 zone. SOL price is now consolidating near $90 and might aim for more gains above the $92 zone. SOL price started a fresh upward move above the $85 and $88 levels against the US Dollar. The price is now trading above $88 and the 100-hourly simple moving average. There was a break above a key contracting triangle with resistance at $87 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the…

Ethereum Price Pushes Higher as Bulls Fuel Market Optimism

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Ethereum price started a recovery wave above the $2,050 zone. ETH is now showing positive signs and might aim for more gains above $2,150. Ethereum started a recovery wave above the $2,050 zone. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $2,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 zone. Ethereum Price Clears Resistance Ethereum price extended its recovery…

Bitcoin Price Pullback Tests Bulls — Bounce Attempt Incoming?

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Bitcoin price started a recovery wave above the $68,500 zone. BTC is now consolidating and might aim for more gains above $70,500. Bitcoin started a decent recovery wave above the $69,200 zone. The price is trading above $68,500 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $70,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $69,280 and $68,000 levels. Bitcoin Price Fails Near Resistance Bitcoin…

Bitcoin Price Reclaims Ground, Can Bulls Flip Market Momentum?

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Bitcoin price started a recovery wave from the $65,500 zone. BTC is now consolidating and might aim for more gains above $69,500. Bitcoin started a decent recovery wave above the $67,500 zone. The price is trading above $68,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance at $69,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,500 and $68,000 levels. Bitcoin Price Starts Recovery Wave Bitcoin price…

Ether Leverage Use Surges As Bulls Aim To Liquidate Shorts: Is $2.5K Next?

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Ether (ETH) climbed back above $2,000 on Monday as the altcoin’s derivatives market activity intensified across major exchanges. Data shows more than 110,000 Ether flowed into derivatives platforms, while a key leverage indicator surged to new highs.  The activity points to a rapid buildup of speculative positioning, suggesting traders are preparing for increased volatility as ETH attempts to break out of its monthly trading range.  Ether derivatives inflows meet rising leverage ratio Ether derivatives exchanges recorded a netflow of 110,343 ETH on March 7, the third-largest spike in 2026. A…

Bitcoin Bulls Strike Back But $78K May Remain Resistance

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Key takeaways: Derivatives and onchain data show a lack of bullish conviction, as 43% of Bitcoin holders remain at a loss despite recent price gains. Surging AI energy demand is squeezing miner profits to record lows, forcing major listed firms to offload BTC and pivot to computing. Traders face a psychological hurdle at $76,000, the average cost basis for major corporate holders like Strategy. Bitcoin (BTC) surged to a four-week high on Wednesday, potentially clearing a path for a recovery toward the $78,700 monthly close recorded in January. Despite a…

Bitcoin Breaks $70K Resistance, Altcoins Follow: Are The Bulls Back?

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Key points: Bitcoin’s strong recovery above $74,000, backed by solid inflows into the US spot Bitcoin ETFs, suggests the formation of a short-term bottom. Several major altcoins are attempting to take part in the recovery by rising above their overhead resistance levels. Bitcoin (BTC) bulls made a strong comeback on Wednesday by pushing the price to $73,800. A positive sign in favor of the bulls is that the recovery attempt is backed by buying in US spot BTC exchange-traded funds, which have seen $683.3 million in inflows this week per…