The bulls are trying to nudge and sustain the price above the 20-day EMA ($1,829). If they succeed, the ETH/USDT pair could rise to the resistance line. This is an important level to keep an eye on because a break above it will increase the possibility of a rally to $2,000. #ETH
Ether has been trading inside a falling wedge pattern for the past several days. The bears tried to sink the price to the support line of the wedge on May 25, but the bulls aggressively purchased the dip, as seen from the long tail on the candlestick. #ETH
Tron was a notable gainer on Thursday, as the token edged closer to a fresh one-year high in today’s session. This came despite the global cryptocurrency market cap mostly trading lower, falling by 1% as of writing. Polygon also rebounded today. #crypto
Bitcoin quarterly futures are popular among whales and arbitrage desks, but these fixed-month contracts typically trade at a slight premium to spot markets, indicating that sellers are asking for more money to delay settlement. #BTC
Bitcoin has been trading in a narrow range for the past few days. Generally, tight ranges are followed by a range expansion, resulting in strong trending moves. #btc