Ethereum has flashed some signs of technical strength throughout the past few hours, which has come about due to the rebound seen by Bitcoin.

The cryptocurrency’s ability to surge from lows of $325 earlier today to highs of $355 is a positive development for its near-term outlook, as it does seem to suggest that bulls still have some underlying strength.

Whether or not buyers are able to sustain this momentum may depend largely on where Bitcoin trends next, as the benchmark cryptocurrency has been caught within a bout of sideways trading between $9,950 and $10,300.
Details: https://www.newsbtc.com/2020/09/09/ethereums-macro-price-action-suggests-it-may-hit-5500-in-2021-heres-why/

In the past few sessions, bitcoin and Ethereum struggled to recover, while binance coin started a fresh increase. BNB price broke the $22.00 resistance and remained stable above the $21.50 support zone.

There was a close above the $21.80 level, the 100 simple moving average (4-hours), and the 50% Fib retracement level of the downward move from the $25.57 high to $18.03 low. BNB is now trading above the $23.00 level, with a positive angle.
Details: https://www.newsbtc.com/2020/09/09/binance-coin-bnb-significant-rally-above-24/

Yesterday, we saw a few positive signs above $10,200 for bitcoin price against the US Dollar. However, BTC struggled to gain bullish momentum above the $10,300 and $10,400 levels.

It declined below the $10,200 support and settled below the 100 hourly simple moving average. It is now struggling to stay above the $10,000 and $9,900 support levels. An initial resistance on the upside is near the $10,120 level.
Details: https://www.newsbtc.com/2020/09/09/do-or-die-for-bitcoin-bulls-2/

In the first crypto exchange hack of this bull market, a European crypto exchange was hacked for around $5 million. Only the exchange’s “hot” wallets were compromised per their report.

A hot wallet is a cryptocurrency wallet connected to the Internet. For exchange, hot wallets are often used to enable fast withdrawal of one’s holdings, as the opposing “cold” wallets are meant to take some effort to access.
Details: https://www.newsbtc.com/2020/09/09/this-european-crypto-exchange-was-just-hacked-for-5-million/

Bitcoin price this past week collapsed from the 2020 high of over $12,400 to under $10,000. More than seven distinct drops to below $10,000 have been bought up already.

During each plunge down, however, some of the weakest hands in the crypto market may have been shaken out, according to one uncommon metric. If that’s the case, and bulls can hold support, the last chance to buy the dip before new highs may already be upon us.
Details: https://www.newsbtc.com/2020/09/09/weak-hands-have-been-shaken-out-on-the-bitcoin-crash-to-10000/

Ethereum has seen a sharp rebound from its recent lows today, with bulls and bears remaining engaged in a heated battle for control over its mid-term trend.

This trend is somewhat unclear at the moment, as Ethereum has been facing multiple strong selloffs throughout the past few days, but each dip has been followed by a swift rebound.

The key level that bulls have been defending exists between $325 and $330. It did visit these lows earlier this morning before it was able to see a sharp rebound that led it back up to highs of $345.
Details: https://www.newsbtc.com/2020/09/08/ethereum-remains-in-bears-control-until-it-powers-above-key-level/

Ethereum just collapsed a full 37% over the last week, following a new 2020 high and a record over 300% rally from Black Thursday lows. But despite how sharp and violent the selloff has been, its possible that the price action is a bullish retest that after confirmation leads to more new highs ahead.

According to a fractal found in ETHUSD that closely mimics Bitcoin’s early bull market breakout could suggest that the number two ranked cryptocurrency is going to follow in its footsteps.
Details: https://www.newsbtc.com/2020/09/08/comparison-with-early-bitcoin-suggest-ethereum-is-about-to-explode/

Bitcoin is once again trading down at its crucial $10,000 support level. Earlier today, bears attempted to invalidate this support when they pushed it to $9,900, but the cryptocurrency was able to rebound from these lows.

Analysts are now conflicted on where BTC will trend next, as a continued defense of $10,000 would be bullish, whereas a sustained dip below it would be a grim sign for its mid-term outlook.

The price action seen this morning has done little to offer clarity into the cryptocurrency’s near-term outlook. Although BTC is rebounding at the moment, as seen with yesterday’s surge, these types of upswings can be fleeting.
Details: https://www.newsbtc.com/2020/09/08/altcoins-could-surge-by-70-if-bitcoin-is-able-to-defend-one-critical-level/