The price of major cryptocurrencies soared on Wednesday after the Federal Reserve announced that it will accelerate the tapering of its asset purchases, with the program set to expire in March, and that the benchmark interest rate would be raised three times next year. Following the Fed’s announcement, Bitcoin soared from roughly $47,800 to over…
Ethereum is forming a base near the $3,660 zone against the US Dollar. ETH price is correcting higher, but a move above $3,920 is needed for upside continuation. Ethereum is forming a base near the $3,660 and $3,700 support levels. The price is still trading below $4,000 and the 100 hourly simple moving average. There…
The second most popular NFT collection, Bored Ape Yacht Club, is back on the news. On the one hand, a deadly mistake cost a pseudonymous user more than $250K. On the other, a feelgood story of a diamond-hand holder that minted a Bored Ape seven months ago and just sold it for over $1M. Or…
The Bitcoin versus Ethereum debate has been going on for years and waxes stronger as the market grows. Pitting the two top cryptocurrencies against each other has been one of the greatest pastimes for the market. However, not everyone subscribes to the school of thought that they are in competition. ARK Invest CEO Cathie Wood…
Ethereum is struggling to gain pace above the $4,050 zone against the US Dollar. ETH price is recovering, but the bulls could face resistance near $4,175. Ethereum extended decline below the $4,050 and $4,000 support levels. The price is now trading below $4,100 and the 100 hourly simple moving average. There was a break below…
Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s performance over the past couple of years has proven that it is a strong contender…
Ethereum is struggling to gain pace above the $4,300 zone against the US Dollar. ETH price is correcting gains, but it might find support near $4,000. Ethereum corrected lower below the $4,220 and $4,200 support levels. The price is now trading below $4,300 and the 100 hourly simple moving average. There was a break below…
Ethereum is still above the $4,250 support against the US Dollar. ETH price could stage a strong rally if it clears the $4,450 resistance zone in the near term. Ethereum is stable and supported above the $4,200 and $4,250 levels. The price is now trading above $4,300 and the 100 hourly simple moving average. There…
As Bitcoin (BTC) is coming out of a harsh weekend with a 5% drop and a huge sellout, ether (ETH) still maintains its strength in comparison, which has been happening since October. Arcane Research’s weekly update shows that the ETHBTC pair reached its highest level since May 2018 reaching 0.085 BTC, seeing possible signals of…
Ethereum gained pace above the $4,250 resistance zone against the US Dollar. ETH must stay above $4,150 to accelerate higher in the near term. Ethereum started a recovery wave above the $4,000 and $4,250 resistance levels. The price is now trading above $4,150 and the 100 hourly simple moving average. There was a break above…