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Tag Archives: Ethereum

Ethereum Price Analysis: ETH Likely To Start Fresh Increase

Ethereum price is currently correcting lower from the $191 swing high against the US Dollar.ETH price is trading below the $175 support, but it is likely to find bids near $163 and $160.There is a major bullish trend line forming with support near $160 on the 4-hours chart (data feed from Coinbase).The price could climb back above $175 as long as it is above the $160 support area.Ethereum price is correcting gains after a strong rally to $190 against the US Dollar. ETH/USD is now approaching...

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Reddit Joins Hands with ETH for Community Rewards Program

Reddit is introducing a new points system that could potentially give “good actors” Ethereum-based crypto rewards.Reddit Looks to Partner with EthereumWhat’s interesting about this story is that Reddit was once a longtime agent of bitcoin, the world’s number one cryptocurrency by market cap and the primary competitor to Ethereum, which stands as only the second most powerful cryptocurrency after BTC. However, the bitcoin subreddit appears to be deliberately ignoring the price of bitcoin in...

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Ethereum Price Analysis: ETH Recovery Could Fade Soon

Ethereum price is currently recovering from the $150 support area against the US Dollar.ETH price is likely to fail near the $160 and $164 resistance levels in the near term.There is a crucial contracting triangle forming with resistance near $165 on the 4-hours chart (data feed from Coinbase).The price could correct a few points, but it is likely to struggle near the $164-$165 resistance area.Ethereum price is showing a few bearish signs below the $165 pivot level against the US Dollar....

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Ethereum Price Analysis: ETH Rally Could Extend To $188

Ethereum price rallied recently above the $150 and $160 levels against the US Dollar.ETH price even surged above the $165 resistance and tested the $176 region.Earlier, there was a break above a key contracting triangle with resistance near $142 on the 4-hours chart (data feed from Coinbase).The price could correct a few points, but dips remain well supported near $164 or $158.Ethereum price is now trading in a strong uptrend above $158 against the US Dollar. ETH/USD is likely to extend its...

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ETH-Based Keep Network Closes Its Latest Funding Round

The Keep Network – which looks to bring a new level of privacy to bitcoin through Ethereum – has closed a funding round that garnered close to $8 million from investors like Paradigm, Collaborative Fund and Para FI Capital.The Keep Network Has a Lot of Money to Its NameThe Keep Network is a regular contributor to what’s known as t-BTC, which seeks to ensure Ethereum-based assets are available on the bitcoin blockchain.Paradigm founder Fred Ehrsam – who also co-founded Coinbase, one of the...

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Ethereum Price Analysis: ETH Preparing For Next Significant Break

Ethereum price is currently holding the key $124 support area against the US Dollar.ETH price seems to be struggling to clear the $134 and $135 resistance levels.There is a major contracting triangle forming with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price could either rally above $135 or it might dive back towards the $110 support area.Ethereum price is trading in a range and preparing for the next move against the US Dollar. ETH/USD must gain traction above...

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Bitcoin Falls By $500 in Less Than a Day

Darn it, bitcoin was doing so well as of late! Now it looks like the world’s number one cryptocurrency by market cap has taken another nosedive.Bitcoin Has Fallen Into Oblivion… AgainAt the time of writing, bitcoin has fallen by roughly $500 in the past 24 hours. Just yesterday, the currency was trading as high as $6,700, but now it has seemingly fallen to as low as $6,250. That’s a slip of roughly seven percent. What could have caused such a dramatic fall in such a short period?While it’s...

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Ethereum Price Analysis: ETH Eyeing Key Upside Break Above $140

Ethereum price is gaining traction above the $120 and $125 resistance levels against the US Dollar.ETH price is likely to grind higher towards the $155 and $160 resistance levels.There is a major bearish trend line forming with resistance near $137 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but dips remain well supported near the $122 and $120 levels.Ethereum price is showing positive signs above $135 against the US Dollar. ETH/USD must surpass $137 and $140...

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How Ethereum Mining Rigs Can Help Battle the Coronavirus

Several cryptocurrency mining projects – particularly those devoted to extracting new Ethereum tokens – have been pulled away from their mining duties and been made to turn their attention towards coronavirus research.Ethereum Mining Rigs Are Helping to Battle the CoronavirusThe coronavirus was recently declared a global pandemic by the World Health Organization (WHO). As many as 245,000 people have been infected with the virus at the time of writing, while more than 11,000 deaths across the...

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Ethereum Price Analysis: ETH Remains A Sell Below $150

Ethereum price extended its decline below the $150 and $120 support levels against the US Dollar.ETH price traded as low as $89 and it is currently correcting higher.There is a key declining channel forming with resistance near $125 on the 4-hours chart (data feed from Coinbase).The price could correct higher, but it is likely to face a lot of hurdles near $145 and $150.Ethereum price is back in a strong downtrend below $150 against the US Dollar. ETH/USD remains at a risk of more losses...

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