The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins. Today’s summary: Bitcoin retests $30,000 after a rejection. Why is Ethereum lagging behind the rest of crypto? ICP posts insane intraday rally. Bitcoin Retests $30,000, Can The Key Level Hold? Bitcoin price was fiercely rejected from resistance at $32,000, sending the cryptocurrency back to retest support at $30,000. The fall took BTCUSD daily to the middle-Bollinger Band – which is a 20-day simple moving average. Holding the line could lead to further upside, while losing it suggests continuation of downside. Bitcoin is trying to hold above the 20-day SMA | Source: BTCUSD on TradingView.com A close above $32,000 is now the immediate hurdle for bulls to overcome, while bears remain within striking distance of new lows. Related Reading | Hammer Time: The Bullish Signal That Could Save Bitcoin Ethereum Losing Its Head (And Shoulders) Against BTC Compared to Bitcoin, Ethereum isn’t performing as well. The top altcoin is not representative of the state of alts as a whole, which have in some cases seen strong recoveries today. Ethereum could head down further against BTC | Source: ETHUSD on TradingView.com Upon closer inspection, ETHUSD is far below the same middle-Bollinger Band and 20-day SMA as Bitcoin on d...
