ETH price is currently correcting higher and is trading above $170 against the US Dollar. The price is likely to face a lot of hurdles on the upside near the $176, $178 and $180 levels. There is a connecting bullish trend line forming with support near $168 on the hourly chart of ETH/USD (data feed…
ETH price declined heavily and broke the key $185 and $180 supports against the US Dollar. The price is currently correcting higher and is trading near the $172 and $175 resistances. There is a major bearish trend line forming with resistance near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). There could…
Ethereum could start rallying to the upside in the coming days, according to a textbook technical indicator. Prominent market analyst Jonny Moe noted Ethereum trending inside a Falling Wedge pattern, confirmed by converging trend lines, forming lower highs and lower lows. The ETH/USD instrument is about to reach the apex of Wedge which, according to…
ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar. The price is likely to decline sharply if it settles below the $165 support area in the near term. There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed…
Yesterday’s Bitcoin carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it. But new data shows that it may have been altcoins collapsing that dragged…
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate. While even altcoins…
In a pattern that has been rinsed and repeated countless times this year, crypto markets are crumbling as Bitcoin failed to hold support. The altcoins are still hopelessly tied to their big brother so any pain for it is magnified for them. Over $20 Billion Exits Crypto Space Over the past 24 hours crypto markets…
ETH price failed to stay above the key $185 and $180 support levels against the US Dollar. The price is down around 10% and is trading below $172, while bitcoin is down around 5%. There was a break below a bearish continuation pattern with support near $172 on the hourly chart of ETH/USD (data feed…
One long-held critique of the Ethereum blockchain is that it has failed to successfully address the scaling issues that have longed plagued it. These scaling issues became abundantly clear in a recent report that elucidated how the blockchain’s network utilization has reached a whopping 90%. This report has led one prominent figure within the crypto…
ETH price failed to climb above the $195 resistance and declined recently against the US Dollar. The price is now trading below the $190 level and it seems like there could be more downsides. There is a short term breakout pattern forming with support near $186 on the hourly chart of ETH/USD (data feed via…