Stablecoins launched atop the Ethereum blockchain are growing better than Venmo, according to blockchain research firm TradeBlock. The New York company measured and combined the volumes of five Ethereum-based stablecoins – Dai, Gemini Dollar, Paxos, USD Coin, and Tether – between Q1/2018 and Q1/2019. The first fiscal quarters showed slight growths in their net transactions. But…
ETH price remained well bid above the $205 support and recently climbed higher against the US Dollar. The price tested the $215 resistance and it is currently correcting gains. There was a break above a major bearish trend line with resistance near $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair…
ETH price remained supported above the $205 level, but struggled to gain traction against the US Dollar. The price is facing a few key resistances near the $212 and $215 levels. There is a contracting triangle forming with resistance near $211 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either…
ETH price remained supported above the $200 level and recovered slightly support against the US Dollar. The price climbed above $220, but it faced a strong resistance near the $225 level. Earlier, there was a break above a major bearish trend line with resistance near $212 on the 4-hours chart of ETH/USD (data feed via…
ETH price started a strong recovery after trading towards the $200 support level against the US Dollar. The price gained more than 5% and broke the $210 and $215 resistance levels. Yesterday’s highlighted key bearish trend line was breached with resistance near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair…
With so much negativity suddenly in the crypto market following increased regulatory concerns surrounding Bitcoin, Facebook Libra, and the rest of the asset class, the sell pressure and fear has caused altcoins to capitulate and even Bitcoin to begin to crash. Altcoins are not only dropping to new lows in USD value, but their BTC…
ETH price failed to continue higher above the $230 and $240 resistance levels against the US Dollar. The price started a fresh decrease and broke the key $220 and $218 support levels. Yesterday’s highlighted breakout pattern was breached with support near $222 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
Ethereum (ETH) is down 18.2 percent Set Labs launching an ETH trading robot As a reputable smart contracting platform striving to improve, it’s token, ETH, is technically bullish. Regardless, with dropping BTC prices exacerbated by their direct correlation, the former could drag ETH prices lower. Even so, that is not stopping Set Labs from launching…
ETH price started an upside correction and traded above the $210 resistance against the US Dollar. The price gained traction above the $220 level and even traded close to the $230 level. This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken).…
The crypto market is at a critical junction. Altcoins such as Litecoin, Ethereum, and Ripple have been capitulating, then bouncing as Bitcoin begins to struggle with its return to a bull market. Since this began, the crypto market has also been impacted by pending regulation and Facebook’s entry into the space. But before the bearish…