Ethereum, Bitcoin & Stellar – Asian Wrap 9 Sep

Ethereum Price Prediction: ETH is struggling to find direction

The price movement of Ethereum is very limited during today’s trading. A major reason for this consolidation goes beyond the volatility of yesterday’s trading. There is a very tight range of $ 100 above and below the $ 3,400 value range where Ethereum has a nearly equal chance of going higher or lower.

Bitcoin bulls need $ 48,000 to survive while BTC bears need $ 44,500 to take control

Bitcoin price remains capped after Tuesday’s spectacular flash crash, but far from lows near the USD 43,000 value range. Two primary Fibonacci retracement levels are contributing to Bitcoin price movement. Bears will need to push Bitcoin price below the 50% Fibonacci retracement at $ 44,500 to stay in control.

XLM price plunges 38% but a rapid rebound appears to be imminent

Stellar (XLM) was drawn into the harmful tide of El Salvador, which introduced Bitcoin as the approved payment method and reserve currency for the country. Many problems arose during the transition and Bitcoin price movement became very choppy.

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