Ethereum (ETH)

Ethereum has seen a small increase of 0.45% over the past 24 hours and it currently trades at $177.46. Over the past week, ETH dropped by a total of 5.58%, falling beneath the short term consolidation pattern that it was previously trading within.Ethereum remains the second-largest cryptocurrency as it holds a market cap of $19.26 billion. Looking at the ETH/USD 1-day chart:Since our last analysis, ETH dropped beneath the symmetrical triangle and fell into the current support at $176.19,...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.The Bitcoin quotations failed to secure above the resistance level, and now a decline is very probable. However, if the buyers manage to push the price above $9800, growth will also become possible. The Bitcoin Cash chart looks interesting: there is a reversal pattern forming, promising growth,...

Singapore has released the consultation paper on the proposed Bitcoin derivatives. Retail investors might not be allowed to trade in the crypto products. The Monetary Authority of Singapore says the move is driven by demand. Singapore’s central bank could soon authorize the trading of derivatives referencing cryptocurrency assets such as Bitcoin and Ethereum. As part of the preliminary plans being undertaken, the Monetary Authority of Singapore has released a consultation paper...

Ripple co-founder Chris Larsen said he thought digital assets such as XRP would play a major role in the movement of money around the world. Recently, Larsen discussed the role of digital assets in the economy and the regulatory environment that must exist to advance blockchain and crypto.Ripple is the blockchain that has the highest number of transactions recorded on its blockchain in recent days. Having 1,151,101 more transfers which were almost 54% higher than the transactions executed on...

Within the cryptocurrency industry, there are a number of prominent tokens which dominate the industry and get the most attention, and just like any other market, there is a constant struggle for dominance between various firms. Some of the most popular in this regard are Bitcoin and Ethereum. Within Bitcoin, there are certain offshoots that sprung up as a result of hard forks such as Bitcoin Cash and Bitcoin SV, which is backed by controversial figure Craig Wright and while many of the...

BitcoinThis week the trend is clearly bearish. Bitcoin price lost support at $8,500 and it corrected to the area around $8,000. If support here fails, the price could continue going down to $7,450. The attempts to break up from the downward trend should also be considered. The resistance is at $8,200. Previously, the support line that we marked in October was broken and it was quite sharp. The targets are based on previous breakouts of this trend.EthereumAgainst the USD, ETH lost support at...

In recent months, digital assets and cryptos have attracted heated debates. Some governments and watchdogs are making laws that may allow them to go mainstream while others are still hesitant. In what appears as a major development in the nascent crypto industry in the UK, a landmark legal statement was published.The statement was given by the Chancellor of the High Court, Sir Geoffrey Vos. It confirmed that crypto-assets will be recognized as tradeable property while smart contracts are...

Bitcoin seems to continue this week’s losses. After yesterday’s sell-off, crypto markets continued to fall and Bitcoin price fell below the $8,200 threshold. At the time of writing it was still in the fall by 4.81% to $8,148.80.The correction of the market is more than obvious because, at the time of writing, all 30 biggest coins were declining with major losses. But, not to get too pessimistic, it only means that in last month Bitcoin price is mostly flat. Some analysts think this fall could...

Verhilft Bakkt Bitcoin zur Massenadaption? Vor einer Weile kündigte Bakkt an, Bitcoin-Futures für US-Dollar anzubieten. So wollten sie mit der CME Group konkurrieren. Bakkt ging mit dem Projekt am 23. September online und der Bitcoin-Kurs brach prompt zusammen. Dabei handelte es sich um einen der schlimmsten Tage für Bitcoin in diesem Jahr: Am ersten Tag wurden nur 71 Verträge...

Ethereum price is trading with a bearish bias below the $180 support against the US Dollar.ETH price is now facing a lot of hurdles on the upside near $180 and $182.There is a major declining channel forming with resistance near $182 on the 4-hours chart (data feed from Coinbase).The price remains at a risk of more losses below the $174 and $170 levels in the near term.Ethereum price is declining below key supports near $180 against the US Dollar. ETH price is likely to struggle near $182 if...