Key Highlights ETH price is facing a tough resistance near the $209.00 and $210.00 levels against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate declines if there is a close below the $206 support.…
Key Highlights ETH price corrected lower sharply after trading above the $222 level against the US Dollar. There is a key bullish trend line in place with support at $208 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to move higher as long as it is above the $208…
Ethereum’s Achilles heel has always been scaling. Since its inception, developers have been researching different ways to scale the blockchain in order to increase network capacity and speed. Back in August 2017 Ethereum co-founder, Vitalik Buterin, released an initial draft of the Plasma project which provided an off-chain layer 2 scaling solution. By spawning child-chains…
Key Highlights ETH price failed to recover and it recently declined below the $214 support against the US Dollar. There is a key declining channel in place with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it could decline towards the $206 support…
MetaMask, the most popular Ethereum wallet in the world, has just hit a major milestone of 1.3 million downloads, according to a recent announcement. MetaMask Hits 1.3 Million Users The wallet comes as a new Chrome extension, and it offers numerous features, such as a secure identity vault. It allows anyone to run decentralized application (dApps) on…
Key Highlights ETH price gained traction recently and rallied above $212 against the US Dollar. There are two connecting bullish trend lines formed with support at $206 and $204 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to stay above the $210 level and it could test the $204…
Key Highlights ETH price recovered a few points, but it faced a strong resistance near $202 against the US Dollar. There is an important bearish trend line in place with resistance at $200 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $200 and $202 resistance levels to move…
Key Highlights ETH price started a short term upside correction and moved above $196 against the US Dollar. There is a key connecting bearish trend line formed with resistance at $198 on the hourly chart of ETH/USD (data feed via Kraken). The pair recently tested the previous support at $198, which acted as a solid…
Key Highlights ETH price traded higher recently and tested the $203-204 resistance zone against the US Dollar. There is a major bearish trend line in place with resistance at $203 on the hourly chart of ETH/USD (data feed via Kraken). The pair could break the $203 and $204 resistance levels to climb higher in the…
Key Highlights ETH price stayed above the $196-197 support area with positive moves against the US Dollar. There is a monster breakout pattern formed with resistance at $204 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $204 and $208 resistance levels to climb higher in the near term.…