Tag Archives: ETHBTC

ETH/USD – Ether Reclaims 20-day MA After Finding $3200 Support. Key Support Levels: $3530, $3350, $3200.Key Resistance Levels: $3790, $3975, $4000. Ethereum managed to establish support at $3200 (.5 Fib) over the weekend. The level there was further bolstered by the 50-day MA, and it allowed ETH to start rebounding at the beginning of this week. Yesterday, the cryptocurrency surged higher from $3400, allowing it to break resistance at the 20-day MA and reach $3600. The move...

Ethereum’s hashrate has recently reached a new all-time high (ATH) as miners have resumed operations despite the hostile approach undertaken by Chinese authorities earlier this year. China Clampdown Disrupts Ethereum’s Rally Recall that Ethereum’s hashrate had hit a peak of 632.8 TH/s on May 19, 2021, following increased activities on the network just after ETH hit an ATH above $4,300. However, the hashrate started to suffer after the Chinese authorities launched a full...

The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future. MoneyLion Joins The Crypto Trend According to a recent press release, the US mobile financial technology company – MoneyLion – launched a new cryptocurrency service to its...

ETH/USD – Ether Falls Into .5 Fib Support Key Support Levels: $3200, $3150, $3000.Key Resistance Levels: $3350, $3480, $3600. After Tuesday’s market wipeout, ETH is now down a total of 15% on the week after falling from near $4000. The coin found support at $3200 (.5 Fib) over the weekend and rebounded higher. Unfortunately, it could not break the 20-day MA resistance at $3485 yesterday and rolled over from there today as it fell by 2% to meet the current $3200 (.5 Fib) level...

Playing “what if” is a dangerous game, especially when it comes down to investing. Sometimes, however, it could be rather intriguing to review what could have happened if investors made a particular investment. The highly volatile cryptocurrency market could produce some impressive scenarios. For example, putting $1,000 in Solana on January 1st, 2021, would have resulted in nearly $140,000 today. The Cryptocurrency Landscape Change in a Year It’s safe to say that the past...

After falling to $44,000 and spiking to $46,000, bitcoin has calmed once again around the $45,000 mark. Most altcoins are slightly in green on a daily scale, but some have charted impressive gains. Avalanche is among those as AVAX has surged by more than 30% to tap a new ATH. ETH at $3,300 as AVAX Marks a New ATH Most larger-cap altcoins have mimicked BTC in the past few days. Ethereum plummeted during the mid-week crash, attempted rapid recovery, but failed to increase any...

After a few days of consolidation around $46,000, bitcoin has headed south and dropped beneath $45,000. Most altcoins have retraced in a similar fashion, with a few exceptions. LUNA is among those as it pumped by double-digits to tap a new ATH above $40. Bitcoin Slides Below $45K The primary cryptocurrency had a rough week. As it was preparing to become a legal tender in El Salvador, its price went to a multi-month high at just over $53,000. However, shortly after it became...

Ethereum Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level. It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib). It held...

In a recent report published by English bank Standard Chartered, analysts structurally value Ethereum at “USD 26,000- 35,000” while also predicting that Bitcoin will reach 170k. Standard Chartered: Why ETH beats Bitcoin for Investment The financial service giant’s report, titled “Ethereum Investor Guide,” explains the network’s value proposition while comparing and contrasting it with the Bitcoin network. Based on their research, analysts Geoff Kendrick, Christopher Graham,...

ETH/USD – Ether Falls Beneath 20-day MA Key Support Levels: $3350, $3185, $3000.Key Resistance Levels: $3600, $3790, $3875. Ethereum suffered a very sharp price crash over the past 24 hours. Yesterday, the coin lost as much as 23% from a high of $3946 to reach as low as $3025. However, the market recovered slightly by the end of the day to close at the 20-day MA. Today, ETH slipped a little, which put the price beneath the 20-day MA. Yesterday’s price drop was quite extreme,...