Tag Archives: ethusd

BitcoinBitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction.Looking ahead, if the buyers can rebound from the lower boundary of the triangle and push above the upper boundary, the first level of resistance will be located at $9,815. This is followed by additional resistance at $10,000, $10,226, and...

Ethereum saw a 2.2% price decline today as it dropped from $250 level to hit $240 today.Earlier in the week, ETH rebounded from the strong $225 support, which allowed it to start to climb toward $250 this week.Against Bitcoin, Ethereum created a fresh 3-month high after breaking above 0.026 BTC to reach 0.0263 BTC.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $250, $265, $274.ETH/BTC:Support: 0.026 BTC, 0.0245 BTC, 0.0239 BTC.Resistance: 0.0263 BTC, 0.0266...

Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%.Bitcoin’s False BreakoutAfter the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at $9,300. However, the primary cryptocurrency has since slipped below it as it went from $9,440 to its current position at $9,150 in a few hourly candles....

There is no doubt that the hottest thing in the crypto industry at the moment is decentralized finance. However, Ethereum as its foundation still hasn’t caught up.Another day has heralded another all-time high for the total dollar value of collateral locked up in DeFi markets. That milestone has just hit $2.15 billion as more investors lock up their crypto, according to Defipulse.com.The Year of Decentralized Finance (DeFi)In less than a month, the amount of collateral locked into smart...

Ethereum saw a 1% price hike over the past 24 hours as the coin reached $240.The cryptocurrency rebounded from the strong support at $225 as it edges toward $250.Against Bitcoin, Ethereum finally managed to break the strong resistance at 0.0253 BTC.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $245, $250, $265.ETH/BTC:Support: 0.0253 BTC, 0.025 BTC, 0.0243 BTC.Resistance: 0.026 BTC, 0.0263 BTC, 0.0266 BTC.ETH/USD: Ethereum Bulls Set Sights For $250...

The past 24 hours were somewhat positive for most financial markets, including the cryptocurrency field. While Bitcoin was on the rise and gained $300 intraday, the S&P 500 index and the Dow Jones are up by nearly 2%. Nasdaq marked a new all-time high after an increase of 2.2%Crypto Market Goes UpAlthough Bitcoin was fighting to remain above the coveted $9,000 mark hours ago, the bulls managed to gain control and pushed it upwards. The primary cryptocurrency registered price increases as...

The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime.With this in mind, it perhaps shouldn’t be a surprise to learn that searches for Aave have exploded on Google Trends. Aave (LEND) is the third-largest lending protocol on Ethereum, with over $138 million locked in, and...

Three blockchain projects have teamed up to develop a Decentralized Finance (DeFi) savings project that allows investors to earn high-interest yields on stablecoin deposits, according to a Monday release.Anchor Savings ProtocolDubbed Anchor, the savings protocol is a joint venture between interoperable, scalable blockchain network Cosmos, decentralized web 3.0 blockchain interoperability network Polkadot, and decentralized stablecoin Terra.Per the announcement, the partners claim Anchor’s...

BitcoinBitcoin pretty much moved sideways this week after slipping by a small 1%. While predominantly trading in a tight range, BTC did slip beneath a critical level on a couple of occasions but has managed to recover.Last week, Bitcoin fell beneath a rising trend line formation that had been in play since mid-March. This provided the first alert that the uptrend could be stalling. This week, BTC has found support at a shorter termed rising trend line, adding to the strength of the support at...

Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem.DeFi: The Quickest Growing Sector in CryptoThe recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the crypto industry. Total value locked (TVL), which is a measure of how much crypto collateral is locked up in smart contracts, has just hit an all-time...