Tag Archives: ETHBTC

Following yesterday’s Fed interest rate announcement, Ethereum’s price has seemingly taken a U-turn, getting rejected from a significant resistance zone. Another bearish phase could soon begin unless the market rebounds over the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to break above the $1300 level and is currently falling to the downside. The 50-day moving average has also been tested around the same area, but the...

Ethereum has recently initiated a push and is currently confronting a significant resistance region. The price is consolidating, but a few other resistance levels could affect the short-term market outcome. Technical Analysis By Shayan The Daily Chart The 100-day and 50-day moving averages, standing at $1360 and $1320, prevent Ethereum’s price from going forward as it is currently consolidating below these levels with low volatility. A static resistance level at $1300 has...

Ethereum’s price is currently facing crucial resistance, and the current focus is to surpass it. A successful breakout from this level could potentially result in bullish momentum in the near term. Technical Analysis By Shayan The Daily Chart Ethereum’s price has been forming a descending flag price pattern over the last few months. After recently touching the lower trendline, it has initiated a small rally with extremely low momentum. The price is now consolidating around...

Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of the catastrophes in the financial world.” Other incidents in the world of crypto so far this year include Terra’s collapse and the bankruptcy of...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low which could be interpreted as bullish. If buyers return to ETH, the next key resistance is found at $1,365, where it is likely to face a more significant...

Jeffrey Sprecher – CEO of Intercontinental Exchange Inc (ICE) – said watchdogs should regulate most cryptocurrencies as securities. Gary Gensler – Chairman of the US SEC – also classified the majority of digital assets as securities, meaning they should fall under his agency’s jurisdiction. ‘Exchanges Will be Separated From the Brokers’ Sprecher thinks the FTX collapse has shown that most cryptocurrencies should be classified as securities, or in other words, fall in the same...

Jordan Belfort – the infamous stock broker whose story inspired Martin Scorsese’s film “The Wolf of Wall Street” – thinks the only two cryptocurrencies investors should deal with at the moment are bitcoin (BTC) and ether (ETH). He cautioned people should invest only a small amount of their total portfolio in crypto due to the volatility and risks in the field. Don’t Disregard Bitcoin Belfort uploaded a video called “My Current Crypto Update” to give his two cents on hot...

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...

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...

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...