Tag Archives: ETHBTC

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...

Ethereum’s price has been recovering from a crucial support zone. However, there exists a notable resistance level that must be surpassed in order for the market to potentially transition into a bullish phase in the long term. Technical Analysis By: Edris The Daily Chart: The daily chart demonstrates a notable rebound around the $1600 level, where the 200-day moving average provided significant assistance last week. Subsequently, the price has experienced a rally and...

Bitcoin registered two consecutive days of price increases for the first time in a while as it pumped from under $25,000 to just shy of $27,000 within this timeframe. ETH’s performance is rather similar, as the second-largest crypto now sits at $1,750. Most other altcoins are in the green as well. BTC Soars to Weekly High The SEC’s lawsuits against Binance and Coinbase took their toll on the cryptocurrency market, with BTC slumping last week to $25,400, even though it wasn’t...

Ethereum’s price has experienced a decline in recent days after being unable to surpass the $2,000 level. However, it is currently testing an important support level, and its response to it is expected to have a significant impact on performance in the coming months. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, Ethereum’s price has faced rejection from the 50-day moving average at approximately $1,850 and has subsequently declined below $1,800. The...

The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good, but it poses significant risks to the Ethereum ecosystem. Lido Staking Risks Exposed Lido provides liquid staking services for...

A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.”  His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that the only digital asset which could categorize as a commodity is BTC.  Gensler’s View Before Becoming SEC Chair The...

The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets, the prices of all assets plunged across the board. BNB crashed 10% in 24 hours. It lost another 5% on Sunday and kept dumping on Monday to a...

Ethereum’s price has recently broken below the 100-day moving average, resulting in a decline toward the significant support region of around $1.7K. It is crucial to closely monitor the price action in this important area as it may provide a clear indication of the next movement of ETH’s price. Ethereum Price Technical Analysis By Shayan The Daily Chart Ethereum had been struggling to breach the 100-day moving average for a prolonged period but has finally broken below it on...

Ethereum (ETH) appears trapped under $2000 after a stock rally has failed to push it past the price point, according to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Here’s what the analyst believes Ethereum needs to break the 12-month-long resistance level.  Ethereum’s Major Resistance In a tweet on Thursday, McGlone said that $2000 looks like a “resistance ceiling” given that ETH has failed to sustain itself above that, despite the NASDAQ 100 stock index...