Tag Archives: ETHBTC

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polygon. Ethereum (ETH) Ethereum has shown indecision in the past week. This allowed sellers to take over the price action, which ended the week with a 5% loss. Despite this correction, the cryptocurrency remains above the key support at $1,820. The current resistance is found at $2,000. ETH tried several times to turn this key level into support, but buyers were not strong enough, and the price fell...

Ethereum’s price rally has slowed down in recent weeks. The price has yet to break above the $2,000 level, which is making many market participants worried. Ethereum Price Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has been forming higher highs and higher lows since rebounding from the 200-day moving average earlier in June. However, there is a clear lack of bullish momentum, as the ETH price keeps pulling back towards the 50-day moving...

XRP – the native token of Ripple – has been one of crypto’s best performers ever since the enterprise blockchain provider notched a landmark win in its legal battle against the US Securities and Exchange Commission (SEC). According to Kaiko, XRP trades have recently comprised 21% of the total crypto trading volume, leaving BTC in second position with 20%. Ripple’s court victory acted as a catalyst for the native coin of the organization, which has soared by over 55% in the...

The team behind Base – an Ethereum Layer 2 chain built on OP Stack in collaboration with Optimism – said its mainnet is available for builders to deploy their products.  The entity will release a “Genesis Builder” NFT to commemorate those who entered the ecosystem from the get-go. However, it has no intentions of issuing a network token. The Latest Step Base announced its testnet launch in February, which allowed it to connect with “incredible builders and have watched their...

Eric Adams – the mayor of New York City – has reportedly pledged to amend his annual financial disclosure form after failing to include his cryptocurrency stash.  The former police officer is an outspoken proponent of bitcoin and received some of his salaries in BTC instead of fiat currency.  Fixing the Mistake As reported by CNBC, Adams asked if he could correct the document filed with the Conflicts of Interest Board since he misunderstood one of the questions. Asked whether...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market turned bullish yesterday, and Ethereum broke above $2,000. This allowed it to book a respectable 7% price increase this week. The momentum is bullish, and continuation seems likely. The current resistance is found at $2,120 and represents a local high achieved in April which is also the last time ETH broke above $2,000. A second attempt to break this key level...

After surpassing the 100-day moving average and retracing in the form of a pullback, Ethereum’s price initiated a rally that reached the resistance level of $2K. However, it has now temporarily paused, resulting in a consolidation phase around this crucial resistance. Technical Analysis By Shayan The Daily Chart Ethereum’s price successfully broke above the 100-day moving average and the upper trendline of the descending channel, subsequently retesting them during a pullback....

Ethereum’s price has been trending upward over recent weeks, leading investors to feel optimistic that a new bull market is on the horizon. Yet, there are still key resistance levels to be taken out for ETH to experience a new long-term bullish trend. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been rallying higher following a decisive rebound from the 200-day moving average, along with a breakout from the 50-day moving average to the...

Hong Kong and Shanghai Banking Corporation (HSBC) – the largest bank in the region – has reportedly allowed customers to buy and sell Bitcoin and Ethereum ETFs, becoming the first local financial institution to do so. It also launched an educational program that investors need to read before hopping on the cryptocurrency bandwagon. As revealed by Wu Blockchain, HSBC will enable users to trade BTC and ETH exchange-traded funds (ETFs) listed on the Hong Kong Exchange. SCOOP:...

Ethereum’s price recently received support at the 200-day moving average and subsequently embarked on a strong bullish rally, breaking above the 100-day MA. This could be a positive indicator for Ethereum’s mid-term prospects, but it also carries the risk of being a bull trap. Technical Analysis By Shayan The Daily Chart After a period of correction and a significant downtrend, the price reached the $1.6K level, which coincided with the 200-day moving average and found...