ETH price is currently correcting higher and is trading above the $190 level against the US Dollar. The price is still trading well below the key $195 resistance area. There was a break above a major declining channel with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
ETH price remained in a bearish zone and even tested the $180 support area against the US Dollar. The price is currently correcting higher, but it is facing hurdles near $192 and $195. There is a significant bearish trend line forming with resistance near $192 on the 4-hours chart of ETH/USD (data feed via Kraken).…
Ethereum and the aggregated crypto market has been closely tracking Bitcoin’s price action over the past week, which has resulted in a choppy trading session for ETH that has ultimately led it to drop back towards $185 – which remains a critical support level for the cryptocurrency. Although ETH is likely to find some support…
The crypto market is highly volatile and assets such as Bitcoin, Ethereum, and EOS experience wild price swings. On cryptocurrency margin trading exchanges, these wild price swings are further amplified by traders trading on up to 100x leverage. Last night on one crypto margin trading platform, some strange behavior occurred that caused flash crashes and…
According to new research, the recently alleged crypto asset Ponzi scheme PlusToken may be the largest in history. The study, conducted by Elementus, shows that around $2 billion worth of Ether (ETH) tokens were involved in the scheme. Given that the operation accepted payments in a range of other cryptocurrencies, as well as by the…
ETH price started a decent recovery after it tested the $180 support area against the US Dollar. The price is currently struggling to break a major resistance area near the $195 level. There is a key contracting triangle forming with resistance near $194 on the hourly chart of ETH/USD (data feed via Kraken). The pair…
Ether, the native token of Ethereum, the world’s second-largest blockchain project by market capitalization, has surged by more than 40 percent so far in 2019. It is a stunning performance for an asset which has been around for only four years. But in the world of cryptocurrencies, Ether is an underperformer, majorly because its rival…
Bitcoin and altcoins are forming a strange correlation as of late, according to data provided by market analyst Ceteris Paribus. The noted cryptocurrency trader found that leading altcoins plunged massively every time bitcoin tested or hinted to check the $10,000 level. Between June and August 21, bitcoin closed above the $10,000 mark four times. And…
Ethereum hasn’t done too well over the past year. Since peaking at $1,400 and nearly “flipping” Bitcoin, the cryptocurrency has embarked on a steep downtrend, shedding a large majority of its value as demand has tapered off. In fact, one ETH is now valued at under 0.02 BTC — a level not seen since the…
ETH price started a downside correction after testing the $202 resistance area against the US Dollar. The price is currently trading below $198 and is trading near the $194 support area. This week’s followed key bullish trend line with support near $194 is active on the hourly chart of ETH/USD (data feed via Kraken). The…