Search results for Axel Kibar
Crypto
Forget bitcoin for now: Why ethereum is in focus this summer
Ethereum is being seen as entering a rebound phase after breaking a long period of weakness against bitcoin. Market attention is shifting as technical reversal signals emerge alongside renewed inflows into spot ethereum ETFs and growing dominance in tokenisation of real-world assets. Analysts point to ETH/BTC and ETH/USD chart breakouts and key support levels. Data also show a large tokenised traditional-capital base on Ethereum and weekly net inflows into ETFs.
Crypto
Ethereum breaks double bottom; focus turns to path toward $2,163
Ethereum has broken above the key resistance level of $1,842, opening a potential path toward $2,163, a technical analysis said. The scenario hinges on whether the price can hold above $1,842 after turning it from resistance into support. A weekly close back below $1,842 could weaken the breakout and raise the risk of a return to a prior trading range and a retest of lower support.
Crypto
Bitcoin enters $70,000 support test as oil, stocks volatility rises
Bitcoin is fluctuating around $70,000, showing signs of a short-term rebound while remaining in a correction after failing to break $71,000. Over the past 24 hours it moved between $68,933 and $70,931. Rising oil prices and falling stock markets are adding to investor anxiety. Chartist Axel Kibar pointed to a falling wedge pattern and flagged a possible test of support between $73,700 and $76,500.