•  ETH’s price lost its demand zone of $1,200 as the price struggled to hold above $1,000. 
•  ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
• ETH’s price looks weak as the price struggles to hold above $1,000, with the possibility of reclaiming the daily and weekly 50 and 200 Exponential Moving Averages (EMA) remaining bleak.

The price action displayed by Ethereum (ETH) has continued to look like a fairytale, with many traders and investors disheartened, following the collapse of the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet in leading to the price of many altcoins, including Ethereum (ETH) as the price continues to hang on a balance, battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move after previous weeks saw the price of ETH struggling to hold above $30. Most altcoins have lost their key support and have traded with over 90% loss, with many hoping for a crypto revival. (Data from Binance)

Ethereum (ETH) Price Analysis On The Weekly Chart

The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline.

The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases in the case of ETH worsening, as there is no assurance if they would be heading up any time soon.

FTX and Genesis’s news have hugely impacted the price of ETH, sending the price into a spiral movement to a region of $1,050 as the price struggles to stay above $1,000. 

After the price of ETH closed below the weekly high of $1,200, there are high chances of the market going lower, with the prices of SOL looking more bearish with the weekly open.

Weekly resistance for the price of ETH – $1,200.

Weekly support for the price of ETH – $1,000-$900.

Price Analysis Of ETH On The Daily (1D) Chart

The price of ETH remains considerably weak in the daily timeframe as the price trades below the $1,200 resistance after bouncing off from the region of $1,000 on several instances, giving bear more belief of pushing price lower to a region of $900-$800.

Rumor building of a likely bankruptcy of Genesis could affect the price of ETH and other smaller assets, with the price facing a possibility of losing the region of $700-$600 in case things gets out of hand. 

If the price of ETH breaks below $900, we could see more sell-off, as this has been an area of interest to hold off bears. 

Daily resistance for the ETH price – $1,200.

Daily support for the ETH price – $1,000-$900.

Featured Image From zipmex, Charts From Tradingview 

•  BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price. 
•  BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
• BTC’s price bounces from a low of $15,500 on the daily timeframe as the price moves in a range below the 50 Exponential Moving Average (EMA)

The price action displayed by Bitcoin (BTC) in recent times has yet to be encouraging after its erratic price movement, leading to the price of many altcoins, including Bitcoin (BTC), battling for survival. The Domino effect of the FTX saga and other huge investors involved has left the market at a standstill as the market is yet to make a major move after previous weeks saw the price of Bitcoin (BTC) perform well, rallying from a low of $19,200 to a high of $21,600. Most altcoins trend higher as many produced gains of over 200%, including DOGE rallying from a region of $0.55 to a high of $0.15. Still, these expectations were cut short by the uncertainty surrounding the crypto market, leading to much fear about where the market could be headed. (Data from Binance)

Bitcoin (BTC) Price Analysis On The Weekly Chart

The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline.

The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases, as there is no assurance if they would be heading up any time soon.

FTX news had a huge impact on the price of BTC, sending the price into a spiral movement to a region of $15,500 as the price bounced off this region with what looked like a temporary demand zone to hold off big sell-off.

The price of BTC bounced off this region showing some great strength to a region of $17,300 as the price aims to break higher was rejected into a range of $16,500. The price of BTC needs to break above $18,500 for more signs of relief.

Weekly resistance for the price of BTC – $18,500.

Weekly support for the price of BTC – $15,500.

Price Analysis Of BTC On The Daily (1D) Chart

The price of BTC remains considerably strong in the daily timeframe as the price trades above $16,000 support after bouncing off from the region of $15,500, leading to the price forming an ascending triangle for price.

If the price of BTC breaks above $18,500, we could see more rallies for BTC price; a break below a region of $16,500 would be a bear trap as the price could go lower.  

Daily resistance for the BTC price – $18,500.

Daily support for the BTC price – $16,500-$15,500.

Featured Image From zipmex, Charts From Tradingview 

• ETH’s price struggles to break above key resistance as the price continues to trade in a range mimicking the price of Bitcoin. 
• ETH continues to struggle as price trades close to the demand zone. 
• The price of ETH continues to look indecisive as price trades below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. 

The price of Ethereum (ETH) in recent times has looked like it has lost its steam to rally against tether (USDT) as the price has remained in a range-bound movement for over weeks. Despite the uncertainty that has befallen the crypto market in recent weeks, as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, the price of ETH has shown little or no volatility in its price movement as many fear for the price losing its key support. (Data from Binance)

Ethereum (ETH) Price Analysis On The Weekly Chart.

The bear market has been good and favorable for most projects, as this has been a tough time as most projects have seen a price decline of over 50% and have discouraged most traders and investors from hodling these assets.  

Before the “Ethereum Merge,” the price of ETH saw an increase and rally from the price of ETH as the price outperformed BTC at the time, with many clamoring for $4,000 ETH, but this was just a mere wish.

The price of ETH after the merge has become a shadow of itself after the price rallied from a weekly low of $1,000 to a high of $2,030 before seeking a rejection in its price as the price of ETH attempts to break past the resistance at $2,030.

ETH’s price saw a decline in price from this region; the price tried to form a support at $1,600 but lost this support as the current state of the market continues to look tough and challenging. The price of ETH dropped to a low of $1,260, acting as key support as the price bounced off this region to a high of $1,300 as the price continued to hold sell-offs.

Weekly resistance for the price of ETH – $1,400.

Weekly support for the price of ETH – $1,260.

Price Analysis Of ETH On The Daily (1D) Chart

In the daily timeframe, the price of ETH continued to look indecisive as the price trends in a rectangular channel with a range-bound movement. 

The price of ETH was rejected from a high of $1,430 as the price saw itself move in a range as the price prepared to break either upward or downward.

The price of ETH needs to break upwards and close above this range to resume a relief bounce for its price; if the price of ETH fails to breakout, we would see $1,260-$1,300 being tapped more often and could lead to ETH trading lower if these supports are broken.

Daily resistance for the ETH price – $1,400.

Daily support for the ETH price – $1,260.

Featured Image From zipmex, Charts From Tradingview 

BudBlockz token pre-sale remains the most talked about events for a reason. It comes after the private sale sold out ten days before the scheduled time, affirming the positive reception towards the pioneer crypto cannabis project. While the ongoing pre-sale is expected to end in December, BLUNT token value is expected to continue skyrocketing owing to the strong demand in the market.

BudBlockz Pre-Sale

The pre-sale presents a unique opportunity for BudBlockz to beat bear market conditions and raise significant capital that can be used to develop the ecosystem. BudBlockz plans to launch a point-of-sale network and a virtual dispensary that will enable retail operations and consumers. In addition, the capital raise is expected to position it as the best asset-backed project for Cannabis products and businesses.

The pre-sale should go a long way to fueling a strong relationship between BudBlockz and investors in the hope that they contribute to its long-term growth. Additionally, it should help in the creation of a strong and resilient user community that should enhance the use of the native BLUNT token.

BudBlockz Use Case and Utility

Unlike Dogecoin and Shiba Inu, BudBlockz comes backed with a unique use case and utility that continues to resonate well with the market. One of the biggest undoings of meme coins that led to their implosion was their lack of use case. Most of them exploded in value due to hype by high-profile personalities and celebrities.

On the other hand, BLUNT, the native token powering the BudBlockz ecosystem, is at the heart of revolutionizing the multi-billion cannabis sector, which continues to drive investor dollars into the project through private sales and the ongoing pre-sale. The pre-sale is not a giveaway, but an opportunity for investors to get involved early in the game as the value of the native token is poised to explode, backed by a unique use case and utility.

BudBlockz has also used revolutionary blockchain technology to enhance the buying, selling, and exchanging of cannabis and other related products. The project offers a more efficient, convenient, secure, and profitable platform whereby people can congregate and do business. Its primary goal is to take advantage of the growing cannabis decriminalization trend worldwide to make it easy for people to access legal cannabis.

Fractional Asset Ownership

Another use case that sets BudBlockz apart from Dogecoin and Shiba Inu is the unveiling of a core line of non-fungible tokens, Ganja Guruz. The NFTs are designed to make it easy for people to own real-world assets. Through fractional stakes, people can now own several real-world assets whose value is expected to increase significantly.

BLUNT holders can obtain fractional ownership of cannabis-related businesses such as cafes, dispensaries, and farms. There are also plans to launch an NFT marketplace that will allow BudBlockz to tighten its ties with other cannabis-related companies and investors.

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: budblockz.io/
Presale Registration: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.