All cryptocurrencies dumped to yearly lows in mid-December, Ethereum among them. Some have made a slight recovery but others have taken off at a far greater pace. ETH Market Cap Doubles in Three Weeks On December 15 Ethereum was smashed to an 18 month low of just above $83 according to Coinmarketcap. Its market capitalization…
Crypto markets moving slowly higher; Ethereum leading, Iota, Monero and Maker doing well. Crypto markets have continued their slow march upwards for another day. Gains are minimal but digital currencies are gaining at the moment as total market capitalization stays above $130 billion. Bitcoin has crept up 1.7% on the day to just below $3,900…
Key Highlights ETH price formed a support base near the $128 level and bounced back against the US Dollar. There was a break above a major bearish trend line with resistance at $134 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed in a positive zone and it may continue…
Key Highlights ETH price traded towards the $147 level and later corrected lower against the US Dollar. There is a short term bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair likely to break the $138 and $140 resistance levels to start a fresh…
The recent market volatility has resulted in constant shifting of the order of the top ten cryptocurrencies by market capitalization. Naturally Bitcoin remains at the head of the digital table but the battle for second place is heating up again. Market Cap Gap Under $1 Billion Ethereum’s recent recovery has outpaced that of XRP enabling…
Key Highlights ETH price started a major upward move after forming a low at $112.80 against the US Dollar. There was a break above a major bearish trend line with resistance at $122 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is now placed in a positive zone, but it is…
Crypto markets rebound again; Ethereum and Bitcoin Cash surging, EOS and Litecoin following. The volatility appears to be creeping back into crypto markets with a dump one day followed by a pump the next. Since Christmas day markets have been sliding back but a bounce a few hours ago has injected $10 billion back into…
Key Highlights ETH price failed to stay above the $121 support and declined further against the US Dollar. Yesterday’s key bearish trend line is intact with resistance at $128 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but it is likely to face sellers…
Following the recent period of volatility in the cryptocurrency markets, Bitcoin has found support around $3,800, and has led the overall cryptocurrency markets to trade sideways. The crypto market’s stability over the past couple of days comes amidst major volatility in the traditional equities markets. At the time of writing, Bitcoin is trading up marginally at…
Key Highlights ETH price recovered a few points, but it failed to clear the $130 and $131 resistances against the US Dollar. There is a major bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to struggle near $130 and it…