The dreaded "death cross." It sounds ominous, doesn't it? Particularly when it seems that way on Ethereum’s two weeks long one—the first since Ethereum’s tough brutal crypto winter of 2022. 20-period exponential moving average (20-2W EMA) has just crossed below the 50-period EMA. This constitutes a beautiful bearish divergence. But...
The crypto market is a fickle monster, a capricious and sometimes tempestuous girlfriend. At BlockOpulent.com we don’t just report the roars. We break them down and demystify them, giving you a simple road map to help you find your way through the madness. Today, Amahle Nkosi, writing from Johannesburg, shines...
Ethereum (ETH) is currently trading around $2,500. That’s an incredible show of resilience even in the face of hawkish jawboning from Federal Reserve Chair Jerome Powell. The cryptocurrency is up 3%, propelled by optimism over a peaceful resolution between Israel and Iran. This optimism has cushioned ETH from fears expressed...
Over the weekend Ethereum (ETH) plunged in price by nearly 30%. This chaos occurred amidst surging geopolitical tensions, particularly after the US entered the Israel-Iran proximity conflict on the side of Israel. After a brief pullback, the cryptocurrency garnered enough interest to find its footing around a crucial support line,...
Ethereum (ETH) had a remarkable run, driven by positive on-chain fundamentals and massive accumulation from whales. The cryptocurrency, which has surged in recent weeks, pumped 7.7% from $2,230 to $2,401 over a 24-hour span. This positive movement ended with ETH now trading at $2,420, up 8.61% in the last 24...
Okay, let's talk Bitcoin. You’re reading the headlines – $101k retest, altcoins bleeding out, fears over geopolitics. But what's really going on? And perhaps most importantly, what do you need to be doing right now? So disregard the din, because I’m about to draw some connections that no analyst has...
The price of Ethereum has been severely damaged. It has plunged through the key support level of $2,461 and sank below the 50-day Exponential Moving Average (EMA). Ethereum now finds itself in a precarious position. After experiencing over a 13% weekly decline, the bearish momentum has strengthened. Even more indicative...
It’s safe to say that the recent Bitcoin dip below $100,000 wasn’t merely another blip on the radar. It was a harsh reminder that even the most decentralized, democratized digital assets fall victim to the icky complexities of global politics. Put aside the technical analysis – this wasn’t about crossing...
The market's bleeding. ETH's taking a bigger hit than Bitcoin. Then BAM! A whale swims into the Ethereum network and literally scoops up $39 million worth of Ethereum. So, are they all geniuses playing 4D chess, or utterly out of their minds? So let’s unpack this, because this is no...
In short, Ethereum is on the verge of flashing a golden cross. The 50-day EMA is poised to fly above the 200-day EMA. The crypto world is awash in feverish speculation driven by new “get rich quick” schemes! Hold on a second. Before you mortgage your house and dive headfirst...
