Ethereum (ETH)

ETH/USD – Bulls Continue Further On The Road To $400.Key Support Levels: $378, $364, $350.Key Resistance Levels:$392, $400, $410.Last week, Ethereum broke above a symmetrical triangle consolidation pattern and started to push higher over the weekend. It managed to climb above the 2019 high at $364 as it ran into resistance at a bearish .382 Fib Retracement at around $378 yesterday.Today, Ethereum continued to surge higher by a total of 5%. This allowed the coin to break above the $378...

The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC).Grayscale filed a Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment vehicle reporting to the Commission. The other product is the Grayscale Bitcoin Trust. The announcement from today reads that following the...

A recent report exploring the Q3 2020 developments in the decentralized finance ecosystem confirmed the narrative that it was the best quadrant for the entire field.Additionally, it highlighted Ethereum’s massive role as the underlying technology but also broached several potential competitors, including TRON and EOS.Confirmed: DeFi Exploded In Q3 2020The analytics company Dapp Radar posted its quarterly report on the DeFi progress this week. It described Q3 2020 as the “best quarter for the...

BitcoinBitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday.BTC was trading at the 100-days EMA last Friday as it rebounded from here and started to push higher. On Monday, the coin reached the upper boundary of the triangle and was rejected. This caused it to head toward the lower boundary on...

Apart from BNB, Changpeng Zhao, the founder and CEO of cryptocurrency exchange heavyweight Binance has another reason to smile.Yesterday the Binance Smart Chain (BSC) handled 21 percent of Ethereum transactions, at 0.6 percent of the gas fees charged for transfers on the latter. This makes BSC about 35 times cheaper, he said. Also, CZ added that if BSC handles more volumes, it will bode well for BNB price and node operators.Binance Smart Chain Handles 21 Percent of Ethereum...

CorionX, a platform designed to incentivize and promote the global adoption of stablecoins and decentralized finance platforms, has announced it will be partnering with Syscoin to help tackle two of the biggest barriers to entry to DeFi — awareness and cost.Breaking Down Barriers to EntryAs part of the partnership, CorionX will begin using Syscoin’s Bridge solution to help users experience the benefits of stablecoins and DeFi, without incurring exorbitant transaction fees while doing so....

ETH/USD – Short-Term Consolidation ContinuesKey Support Levels: $336, $324, $317.Key Resistance Levels: $342, $365, $378Ethereum has been trapped in a short-term symmetrical triangle pattern since mid-September. The coin failed to break above the upper boundary on Tuesday as it headed lower into the 100-days EMA. The support there has held over the past two days after ETH rebounded from the lower boundary of the triangle.The coin is now quickly approaching the apex of this consolidation –...

The Corion Foundation, the non-profit behind CorionX, a platform that looks to usher in the next wave of adoption for stablecoins, central bank digital currencies (CBDCs), and decentralized finance (DeFi), has now teamed up with the Syscoin Foundation to help address market interoperability issues and drive stablecoin adoption.The new partnership will see the Corion and Syscoin Foundations work together to raise awareness about the benefits and vision of open finance, including stablecoins...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 987. Im heutigen Video geht’s um folgende Themen: Neues Geldsystem durch die Hintertür, Google Cloud wird Block Producer bei EOS & Trons DeFi-Pläne – Justin Sun will einfach Ethereum kopieren. 1.) Digitaler Euro in Vorbereitung?https://www.mmnews.de/wirtschaft/152432-digitaler-euro-in-vorbereitung 2.) Google Cloud wird Block Producer bei EOShttps://www.btc-echo.de/google-cloud-wird-block-producer-bei-eos/...

Litecoin price is slowly recovering and trading above the $45.00 support zone against the US Dollar.LTC price is currently facing a major hurdle near the $47.00 and $48.20 levels.There is a key bullish trend line forming with support near $45.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to climb higher unless it breaks the $45.00 support zone in the near term.Litecoin price is currently trading in a range above $45.00 against the US Dollar, similar...