ETH price extended losses and traded to a new weekly low near the $160 level against the US Dollar. The price is currently trading below the key resistance levels near $167 and $169. There is a major bearish trend line in place with resistance near $167 on the hourly chart of ETH/USD (data feed via…
Ethereum (ETH) prices drop 5.5 percent from $170 The development of Ethereum 2.0 will reinforce ETH Despite competition and the threats of Binance Chain, Ethereum will leverage on their first mover advantage as a time-tested platform and recover. Besides, the promise of Ethereum 2.0 and implementation of EIP 1234 means scarcity and ETH holders would…
ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could…
ETH price remains well supported on the downside near the $170 area against the US Dollar. The price settled in a positive zone above the $165 and $169 resistance levels. There is a major bearish trend line formed with resistance at $176 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could…
Ethereum prices above $170 Increasing competition means Ethereum 2.0 must launch on time despite the first-mover advantage Morpheus Labs, Cardano, Binance, Tron, and EOS are fierce competitors. Therefore, Ethereum coders accelerating their development mean Ethereum 2.0 will launch on time as ETH prices rally past $250 towards $1,500. Ethereum Price Analysis Fundamentals Without a doubt,…
The world’s dominant crypto exchange, Binance, has been in the headlines for most of the week following its decision to delist a major cryptocurrency. The debate as to whether this was the righteous thing to do to rid the ecosystem of a bad actor, or it was a kick in the teeth for decentralization by…
ETH price extended gains and rallied towards the $175 resistance area against the US Dollar. The price pumped sharply above the $169 and $170 resistance levels to test $174. There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well…
Most of the world’s largest companies experimenting with blockchain are apparently doing so on Ethereum. Amongst the notable names are Fidelity, Google, and HTC. Blockchain spending has been increasing dramatically over the last few years and it looks like the number two crypto by market capitalisation is leading the way in terms of corporate adoption.…
Bitcoin and most of crypto is surging once again. The entire market capitalisation for all digital assets has risen from a daily low of $171.33 billion to over $176.5 billion at the time of writing. Whilst this week has certainly been a dramatic one in terms of news events, there is nothing immediately apparent that…
ETH price failed to clear the $170 resistance and extended losses against the US Dollar. The price declined to a new weekly low at $155 before correcting above the $160 level. There is a key bearish trend line in place with resistance at $166 on the hourly chart of ETH/USD (data feed via Kraken). The…