ClearValue Team Insights
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Ethereum Losing Value Relative to Bitcoin
Over the weekend ETH/BTC was trading at the lowest level in four years, which implies that Ethereum continues to show weakness and lose value relative to Bitcoin. ETH is trading near support at $2,307.58, but is showing some concerning bearish price action here. There is strong sell pressure into support, and ETH will have to […]Read More
Bitcoin Trading Near $58,455 Support
Bitcoin has rallied last week, but started to show weakness over the weekend. So far BTC continues to face resistance within the white zone, and BTC is trying to stay above $58,455 support here. I think BTC trends lower in September and early October, but for now I would monitor the $58,455 support level to […]Read More
Altcoin Market Likely to Retest Support
The Altcoin market experienced a nice rebound this week, primarily due to strong inflation data prior to the Sept. 18 fed pivot. However, I think there could be some downside in Sept, and the Altcoin market is likely to retest the lower end of this channel, marked by the light blue circle. I’m leaning towards […]Read More