Markets

Today, on May 28th, Ethereum is generally trading at around $210. ETH is said to be underpriced by the market these days.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD Tech analysis.Ethereum is underpriced today by the market – Blockfyre.The test hardfork of the ETH reminded of old mistakes.On W1, ETH/USD carries on a wave of growth after a swift decline. The price reached 50.0% Fibo and pulled back to 38.2%. The quotations currently keep on trading in the range between 50.0% and...

Tesla (TSLA) stock is down in the pre-market. Meanwhile, the company announced that it has slashed the price for its Model 3, Model S, Model X in North America and also reduced the price for its Model S and Model X in China to gain some competitive advantage.California based Electric vehicle maker Tesla Inc (NASDAQ: TSLA) on Tuesday announced the reduction of the prices for its new cars both in North America and China’s market. It was a speedy reaction move by the company after several market...

The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or less break even against Bitcoin.Bitcoin Struggles Above $9,000Bitcoin has been playing with the $9,000 area quite a bit in the last few days. Yesterday, the cryptocurrency...

EOS price retested the $2.400 support area and it is currently correcting higher against the US Dollar.The price is currently trading near the $2.550 resistance and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $2.650 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong increase if it clears the $2.650 resistance zone in the near term.EOS price is slowly recovering higher against the US...

Litecoin price found support near $41.50 and it is currently correcting higher against the US Dollar.LTC price is likely to face a lot of hurdles on the upside near $44.50 and $45.00.There is a major bearish trend line forming with resistance near $45.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could struggle to clear the $45.00 resistance, above which it might rally to $48.80.Litecoin price is showing signs of an upside correction against the US Dollar,...

Bitcoin is having one of its volatile episodes again. In the past week, after failing to break the resistance of $10,000, it started a downside ride and plummeted to $8,675. Skew.com recorded a total liquidation of $18M for long contracts within just one hour on May 25.In the short-term, analysts are holding bearish mood towards Bitcoin’s performance, as some major indicators all point to the bearish territory. Currently, there is an imbalance of long and short contracts in the market, with...

The blockchain video streaming network Theta Labs announced today that Google Cloud had joined its Enterprise Validator Program (EVP). Interestingly, this partnership coincides with Theta’s Mainnet 2.0 launch scheduled to take place also today.Google Cloud And Theta LabsPer the announcement, the tech giant has become the newest member of Theta’s Enterprise Validator Program. Thus, Google Cloud has joined the likes of blockchain-based companies such as gumi, Blockchain Ventures, and the...

Merck (MRK) stock price is up. This comes as the pharmaceutical giant is making some new moves towards winning the COVID-19 vaccine race. Merck announced its decision to buy Austrian vaccine maker Themis Bioscience.Merck & Co., Inc. (NYSE: MRK) stock price has been rising in the pre-market. MRK is 0.45% up. The stock price was up yesterday as Merck announced that it was developing a new COVID-19 vaccine. The development is in partnership with the International AIDS Vaccine Initiative...

Through a series of tweets Ripple CEO, Brad Garlinghouse, urged the U.S. regulators to swiftly step up and lean into digital currencies to keep the dollar market dominance high, citing the Chinese quest to develop its central bank-backed digital currency.Ripple CEO Brad Garlinghouse went to his Twitter page to highlight some of his recent findings on the financial global trend. According to Garlinghouse, the system that most financial institutions are using is outdated and adopting advanced...

Investors are bullish, but this enthusiasm can not help cruise stocks to recover to their former levels immediately. It is possible that it will take years for them to fully recover, even if the companies can sail promptly later this summer. Tuesday became a big day for global stock markets: as investors’ optimism about the economic recovery after the coronavirus crisis is increasing, stocks are going up, with market indices hitting new records and going to highs they have not seen since...