Ethereum (ETH)

Ethereum price is struggling to clear the $1,250 resistance zone against the US Dollar. ETH price is now trading near $1,200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,225 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,235 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD remains at a risk of more losses if...

The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various defi tokens that are competitors to AAVE, such as Compound (COMP) and Curve Finance (CRV). On Sunday, Aave passed a near-unanimous governance vote to disable the markets, with only two votes against, and over 500,000 in favor.  In total, Aave’s frozen market list included the...

Andre Cronje – the so-called “Vice President of Memes” for the Fantom Foundation – provided an insider’s view into how the company has remained cash-flow positive across the past 4 years.  The developer noted that the foundation would “likely not be operational today” without decentralized finance (DeFi), and suspects the same is true for other firms.  Scaling Over One Cycle As explained in a blog post from Cronje on Sunday, Fantom ended 2018 with a fairly unprofitable ETH...

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Bitcoin keeps trading without any substantial movements, similar to the previous weekend, and seems stuck around $16,500. Its dominance has taken another minor hit as some alts, such as Dogecoin and ApeCoin, have jumped by impressive percentages. APE, DOGE Pump Higher Most of the larger-cap alternative coins stand quiet today, with little-to-no movements, which is somewhat expected as the trading volumes are down again during the weekend. Ethereum, Binance Coin, Ripple,...

Unlike Bitcoin and many other crypto assets, Ethereum is forming a new low while testing a significant resistance level. ETH should be monitored closely, as the price action in the next few days could provide useful hints for the mid-term market trend. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price is still trapped between $1250 and $1000 levels but could soon break out. The $1250 resistance level is currently being tested, and if broken...

Bitcoin continues to display little-to-no price swings and stands still around $16,500. Some altcoins, though, have significantly outperformed BTC, including Dogecoin and Binance Coin, both of which jumped to multi-week highs. DOGE, BNB Soar The altcoins were slightly in the red yesterday, but the landscape is quite different now, at least for some. Binance Coin is among those. Amid the latest rumors around the world’s largest crypto exchange, BNB has jumped by 7%. As a...

Belgium’s financial regulator does not consider crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) to be securities. The Financial Services and Markets Authority (FSMA) released a statement in which it said cryptocurrencies that are issued solely by computer code do not constitute securities. The regulator’s response comes after receiving an increasing number of questions about the application of financial rules on the asset class. Win for BTC, ETH With a prominent...

True Facet – an online marketplace that sells used watches and jewels – has partnered with Bit Pay, a leading provider of digital currency payment services, to permit shoppers to checkout and purchase items with crypto assets like bitcoin and Ethereum. True Facet Says “Yes” to BTC Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers have managed to maintain their grip on the price. Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. Any weakness there...