Bitcoin
BTC$56 527.62

10.48%

Ethereum
ETH$3 261.76

6.79%

Tether
USDT$1.000539

0.05%

Binance Coin
BNB$399.13

2.95%

Solana
SOL$111.94

9.86%

XRP
XRP$0.559906

4.83%

The crypto market in retreat


08 Dec 2022

#Ethereum

During the Asian trading session, the price of silver falls to a new December low at the $1225 level. Bitcoin price succumbed to pressure at $17000, and a breakout below occurred. The price drop stopped at $16750, and in the previous few hours, the price remained at that level. For a bearish option, we need a passive consolidation and a break below this current support. In the future, we could expect a further decline until the next lower support.

And the potential lower target is the $16500 level. For a bullish option, we need a positive consolidation and a return to the $17000 level.

Then we need to stay up there in order to try to continue with the recovery. With a new bullish impulse, we continue the growth of the price of bitcoin, and the potential higher targets are the $17250 and $17500 levels.

Ethereum analysis

During the Asian trading session, the price of silver falls to a new December low at the $1225 level. After which, we see consolidation at that level. Pressure on the price of Ethereum has increased, which could lead to a continuation of the current bearish trend. In the previous week, we tried three times to move above $1300, but it was unsuccessful.

For a bearish option, we need a continuation of the negative consolidation and a drop below today’s support at the $1225 level. The price would retest the $1200 support level. If the pressure on Ethereum continued, we would see a continuation of the bearish trend. Potential lower targets are $1175 and $1150 levels.


Related

Crypto may be ready for a new leg down
Crypto may be ready for a new leg down
Cryptocurrencies wait for a signal
Cryptocurrencies wait for a signal
What are dynamic NFTs?: Use cases and examples
What are dynamic NFTs?: Use cases and examples
Shanghai Upgrade Fires Up ETH and Altcoins
Shanghai Upgrade Fires Up ETH and Altcoins
Challenges of data accessibility in the NFT market
Challenges of data accessibility in the NFT market
Is the A.I. revolution about to pump Nvidia stocks?
Is the A.I. revolution about to pump Nvidia stocks?
Five tips for investing during a global recession
Five tips for investing during a global recession
What is NFT ticketing and how does it work?
What is NFT ticketing and how does it work?
The crypto market is cheaper than a trillion again
The crypto market is cheaper than a trillion again

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64.8% 79 $56 527.62 10.48% 8.51% $1 110 147 682 895 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.6% 81 $3 261.76 6.79% 11.77% $391 912 269 102 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000539 0.05% 0.07% $98 116 459 661 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68.4% 69 $399.13 2.95% 11.88% $59 686 585 336 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 77.6% 44 $111.94 9.86% 1.85% $49 513 280 834 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 86% 22 $0.559906 4.83% -1.62% $30 567 646 280 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $0.999901 -0.02% -0.01% $28 515 855 559 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.2% 67 $0.623895 7.87% -1.48% $22 130 831 988 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 73.6% 51 $39.55 7.72% 1.57% $14 916 858 926 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 86.4% 18 $0.096154 13.46% 10.57% $13 773 558 171 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 68% 61 $0.141269 2.39% 2.68% $12 431 536 939 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 68.8% 61 $0.140897 2.33% 2.74% $12 398 794 087 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 77.6% 47 $19.33 5.89% -0.97% $11 350 455 370 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 70.4% 52 $8.14 6.13% 4.66% $10 453 525 860 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.