Ethereum’s beacon genesis event is set to take place on Dec 1, with the ETH 2.0 deposit contract reaching more than 94% of its target with just 12 hours to go.

ETH 2.0’s Phase 0 launch looks all but certain for Dec. 1, with the number of Ether transferred to the ETH 2.0 deposit contract snowballing as today’s deadline approaches.

As of this writing, nearly 499,000 of the 524,288 Ether required to secure the Dec. 1 beacon chain genesis has been deposited into ETH 2.0’s deposit contract, with 11 hours remaining for the deadline to be reached.

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Crypto is against capturing the attention of the mainstream media, with the front page of today’s Wall Street Journal discussing Bitcoin’s 80% rally since reclaiming five-figure prices.

After rallying 80% in two months, Bitcoin is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the front page of its Nov. 23 issue.

The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a sports radio host.

WSJ’s coverage comes following a lull in Bitcoin’s presence in mainstream outlets, despite the cryptocurrency surging to test rarely seen prices while setting new records for market capitalization.

In addition to significant investments from hedge fund managers and Grayscale Investments, WSJ emphasizes increasing demand from retail investors who can now access crypto assets through familiar financial service companies.

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Bitcoin price failed again to clear the $18,800 resistance against the US Dollar. BTC is trading in a range and it could correct lower sharply if there is a break below $18,200.

Bitcoin is still trading well below the key resistance area near the $18,700 and $18,800 levels.The price is now below $18,500 and the 100 hourly simple moving average.There is a key contracting triangle forming with resistance near $18,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could decline sharply if there is a clear break below $18,200 and $18,050.

Bitcoin Price is Showing a Few Bearish Signs
There was another attempt by bitcoin price to clear the $18,700 and $18,800 resistance levels. However, BTC bulls failed to gain strength, resulting in a fresh decline below the $18,600 level.

The price even broke the $18,500 level and settled below the 100 hourly simple moving average. Conversely, there were strong bullish moves in Ethereum and ripple, breaking the $600 and $0.60 resistance respectively.

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Bitcoin has undergone a strong rally over the past few weeks, rallying from the $11,000 range to $18,700 as of this article’s writing. A comparison between BTC’s current rally and the rally that Tesla saw in late 2019 suggests that in the year ahead, BTC could be primed to see exponential growth.

Although this conclusion can be drawn from a fractal, analysts say that similarly bullish sentiment can be drawn from fundamentals and technicals. Bitcoin is about to close its highest monthly candle in history, higher than the December 2017 candle of $14,000, while the fundamentals of this space improve at a rapid clip.

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Bitcoin price failed to continue higher above $18,800 and corrected lower against the US Dollar. BTC is now trading below the 100 hourly SMA and showing a few bearish signs.

Bitcoin is facing a strong resistance near the $18,700 and $18,800 levels.The price is now trading below $18,500 and the 100 hourly simple moving average.There is a short-term ascending channel forming with support near $18,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could correct sharply below $18,150 and $18,000 levels in the near term.

Bitcoin Price is Struggling Below $18.8K
There were a couple of swing moves in bitcoin price (unlike Ethereum and ripple) below the $18,200 and $18,000 levels. BTC traded close to the $17,500 support area before there was a fresh increase.

However, the price struggled to gain momentum and it seems to be facing a strong resistance near the $18,700 and $18,800 levels. The last swing high was near $18,700 before the price dived below $18,200. It traded as low as $17,991 and settled below the 100 hourly simple moving average.

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Bitcoin’s bullish fundamentals continue to overshadow its bearish technicals.

The last week saw the cryptocurrency on a tear even as it traded way above its actual current rates. It established another year-to-date high — and retested a three-year peak — at $18,980. Meanwhile, its momentum oscillator, the Relative Strength Indicator, continued to alert about its “overbought” signals.

The incredible uptrend took place without concrete hype. A mere check on the keyword ‘bitcoin’ on Google Trends shows no booming number of searches. In comparison, Bitcoin’s previous bubbles towards its all-time high levels in 2013 and 2017 had the Google searchers on a tear.

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Bitcoin zoomed past the $17,115 resistance level like it did not exist. BTC is still showing signs of bullish momentum
Its parabolic nature since September points to a pullback to $13,800. However, a pullback is not guaranteed and Bitcoin could continue rising. Bitcoin Analyst, MagicPoopCannon, has shared his most recent analysis of BTC in which he points out that the King of Crypto zoomed past the $17,115 resistance level like it did not exist. Furthermore, Bitcoin is showing little signs of slowing down despite exhibiting a parabolic rally that should result in a pullback very soon.

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Ethereum started a strong surge above the $500 resistance against the US Dollar. ETH price traded as high as $562 and it is currently correcting gains.

ETH price traded to a new multi-month high near $562 against the US Dollar.The price is currently correcting lower below $550, but it is well above the 100 simple moving average (4-hours).There is a major bullish trend line forming with support near $495 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair could correct lower, but dips are likely to remain attractive near $530 or $510.

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