{"id":414389,"date":"2020-02-12T16:00:47","date_gmt":"2020-02-12T16:00:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=414389"},"modified":"2020-02-12T15:25:05","modified_gmt":"2020-02-12T15:25:05","slug":"ethereum-altcoins-reach-critical-resistance","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-altcoins-reach-critical-resistance\/","title":{"rendered":"Proceed With Caution: Ethereum and Altcoins Reach Critical Resistance"},"content":{"rendered":"

Throughout the short year of 2020 thus far, altcoins like Ethereum<\/a>, Litecoin<\/a>, and XRP<\/a> have all been pumping left and right, causing many crypto investors to consider that an alt season is upon us.<\/span><\/p>\n

But as gains pile up, and sentiment teeters dangerously toward levels of extreme greed and irrational exuberance, so do asset prices toward a critical resistance level that has caused analysts to issue a stern warning: proceed with caution<\/em>.<\/span><\/p>\n

Ethereum and Altcoins Reach Powerful Resistance Level, Watch Out for Rejection<\/h2>\n

Altcoin assets like Ethereum<\/a> and others have shown little signs that their momentum is at risk of slowing down.<\/span><\/p>\n

After two full years of a downtrend and sell pressure, weak hands may finally be shaken out, and oversold conditions may be leading to a massive surge across the board in the battered and beaten asset class.<\/span><\/p>\n

Related Reading | Surging Ethereum Volume While Price Skyrockets Is Major Bullish Sign\u00a0<\/a><\/strong><\/em><\/p>\n

Following the collapse of the crypto hype bubble, altcoin prices fell by as much as 90% in most cases to extreme lows.<\/span><\/p>\n

But once the lows were reached, altcoins have been rebounding into a powerful uptrend, that has broken through downtrend resistance<\/a> and is targeting much higher.<\/span><\/p>\n

However, as these rallies reach returns well over 100% in just a couple of months, it may be time for a steep retracement.<\/span><\/p>\n

\n

Careful now… $ETH<\/a> #Crypto<\/a> pic.twitter.com\/pfQYbMUZvP<\/a><\/p>\n

— Livercoin (@Livercoin) February 12, 2020<\/a><\/p><\/blockquote>\n