Ethereum saw its price rise 8.6% on the last day, but with the upcoming EIP 1559 upgrade, the price action for ETH could see interesting changes in the coming weeks. In June, the broader sell-off in the crypto market pushed UNI’s price lower, while Litecoin showed signs of moving away from its consolidation phase.
As can be seen on the daily charts, the volatility of the crypto asset has been restless lately. At press time, the coin was in the green, trading at $ 2333, up 8.6% over the 24 hour period. Ethereum’s market dominance was 18.44%.
After hitting $ 1,740 low at the end of last month, the coin rose nearly 28.3% and has not tested the $ 2,000 mark since early July.
As prices rose over the past week, buyers poured into the market, suggesting increased capital inflows versus outflows, as through Chaikin money flow. Relative Strength Index also indicated buyer dominance in the market as the coin could hit the overbought zone soon enough.
In the end, Bollinger bands diverge, suggesting that volatility could spike up and, in the short term, steep price action.
Uniswap recently fell below the USD 20 support mark. At the time of writing, the coin was trading too close to level again. The price of the coin was $ 20.68 at press time, a slight decline would mean the digital asset could rest at the $ 17.20 support level.
UNI noted that bullish sentiment set in as the coin underwent a bullish crossover on July 3rd MACD Indicator. The appearance of green bars symbolized the beginning of a bullish dynamic. A steep price movement can be expected when taking the Bollinger bands At the time of going to press, which showed a widening.
Capital inflows preceded capital outflows. Chaikin Money Flow was upwards away from the median line.
LTC had shown sideways directionless movements on the trading charts; Average direction index confirmed sideways movement as the indicator hit the 20 mark, suggesting that prices have entered the consolidation phase. LTC’s price hovered near the $ 144 level; the coin may experience resistance around the $ 148 mark. The asset was up 5.8% on the past day despite limited price movements.
Purchasing power has stalled due to a lack of price movement in the market, even though the coin has risen 15% over the past week; the Relative Strength Index at the time of going to press indicated that there was currently ongoing pressure to buy.
Bollinger bands showed a parallel move but also moved a tiny bit apart which means that in the presence of volatility, Litecoin could break out of consolidation.
Subscribe to our Newsletter