Tag Archives: ethusd

Ethereum marked another failed attempt to overcome the $400 resistance. From there, the way to below $390 was quick.The cryptocurrency has been declining since ETH hit a 2-year High at $450 last week.Against Bitcoin, Ethereum attempted to break the 0.035 BTC resistance today but got was rejected and now facing a huge support zone.ETH/USD – Failure To Break Above $400Key Support Levels: $395, $380, $375Key Resistance Levels: $408, $420, $438Since hitting a 2-year high at $450 last week,...

After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again.After Friday’s crush, this is the day of the low-caps altcoins.Contrasting Altcoin MovesEthereum and Ripple display somewhat similar performances in the past few days lacking significant fluctuations, slightly up judging by the...

Ethereum dropped by a total of 9% over the past week as it breaks beneath $400, currently marking $380 – $382 as a critical defensive wall before a further downside price action.Despite this price decline, Ethereum remains mid-term bullish within the August trading range of $438 and $363.Against Bitcoin, Ethereum penetrated beneath the March 2019 support as it trades at 0.0334 BTC.ETH/USD – The Fight to Reclaim $400Key Support Levels: $382, $375, $363, $340.Key Resistance Levels: $400, $408,...

Bitcoin and most large-cap altcoins have recovered from yesterday’s price dives. However, most altcoins are still far from their last week’s all-time highs.Bitcoin Back To $11,600The largest cryptocurrency by market cap dipped to the $11,400 support following another unsuccessful attempt to reclaim $12,000. The nosedive seemed somewhat steep, and speculations rose that BTC may be aiming to close a CME gap at $9,600.BTCUSD. Source: TradingViewAs CryptoPotato reported, Bitcoin futures...

Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets.Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to commodities such as gold and silver.There are platforms that offer a minimal online experience that allows you to buy and sell your commodities....

The Ethereum community rejoiced after the first block of the Medalla test net was finalized. But the transition to ETH 2.0 isn’t turning out to be all that smooth.Despite the important updates, network participation on the test net remains wobbly. This is happening amid Medalla’s gnawing debacle last week.Medalla Testnet’s First BlockAs per the latest update on Ethereum 2.0, the Medalla test net finalized its first block.Medalla just finalized!#ethereum pic.twitter.com/1Fva2Kjf1v— Bitfly...

Most of the cryptocurrency market is in red today. Bitcoin tanked to $11,400 briefly, but large-cap alts are losing more substantial chunks of value, thus helping BTC to reclaim some ground in terms of market domination.Bitcoin Drops FurtherBTC looked promising yesterday as the asset headed for another face-off with its well-known nemesis at $12,000. It hovered just beneath it for a while, but the bears took control and didn’t allow even to touch that psychological level.In the next few...

BitcoinBitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level.Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start of the week. Bitcoin has since dropped further as it reached the support at $11,650 (.236 Fib Retracement). A rising trend line also bolsters this support.The...

The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack.Altcoins With Massive MovesThe altcoin market became accustomed to significant fluctuations, and the past 24 hours don’t disappoint. One alt stands above all – OMG Network. OMG has exploded in value in the past few weeks and especially since yesterday, when the...

Ethereum’s network is on the brink of its highest congestion rate, while the transaction fees are still particularly high.Amid all of this, Tether has moved over 1 billion USDT from Tron’s network to Ethereum.Tether Moving 1 Billion USDT to EthereumEarlier today, Tether, the company issuing the most popular stablecoin, USDT, announced that it plans to move 1 billion USDT to Ethereum’s ERC20 protocol.“In a few hours, Tether will coordinate with a 3rd party to perform two chain swaps...