Tag Archives: ethusd

Ethereum’s price action has been very choppy in recent weeks after facing rejection from a significant resistance. However, there are multiple levels that could provide support and hold the price in the event of a deeper pullback. Technical Analysis By: Edris The Daily Chart On the daily chart, the price was rejected from the $1800 level and the higher boundary of the large symmetrical triangle pattern earlier in February. It has since broken below the 50-day moving average,...

Ethereum’s price has been rejected from a significant resistance level following the turmoil surrounding Silvergate. However, there are still multiple support levels available to hold the price for now. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been struggling to break above the $1800 level. The higher boundary of the large symmetrical triangle pattern and a bearish rejection has led to the breakdown of the 50-day moving average...

The cryptocurrency industry has long been a target of phishing attacks, and it seems that hackers are finding new and more clever ways to scam their victims. This time, it was the website of an anticipated event that was entirely faked in an attempt to trick victims out of their crypto. ETH Denver is advertised as the largest and longest-running ETH event in the world. This year, it will take place between February 24th and March 5th. Conferences are typically a place of...

Ethereum’s price is struggling to break above a key resistance level following a substantial rally over the last couple of months. However, there are multiple support levels that could hold the price in case of a reversal. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has failed to break above the $1800 level and the higher boundary of the large symmetrical triangle pattern. The cryptocurrency appears to be facing rejection to the downside at...

Ethereum’s price has reached a key resistance level following the recent rebound and rally from the $1100 area. The short-term price action of ETH now depends on the reaction to this key level. Technical Analysis  By: Edris The Daily Chart: On the daily timeframe, the price has finally reached the higher boundary of the large symmetrical triangle after consolidating for a couple of weeks. The price tested the $1800 level and the higher trendline of the triangle yesterday but...

Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent coverage, Novotel Bahrain Al Dana Resort partnered with Eazy Financial Services to allow guests to settle accommodation bills in...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%. the current PA shows that buyers are becoming eager, and the key resistance is being tested again and again. The more this happens, the likelier it becomes for ETH to break above and move higher. Looking ahead, ETH has good...

Ethereum’s price appears to have entered a short-term correction phase as the cryptocurrency was recently rejected from a vital resistance zone and plummeted. Nevertheless, two crucial support levels are ahead, which might end the current decline. Technical Analysis By Shayan The Daily Chart The price has recently rallied and exited a multi-month symmetrical triangle pattern. However, the momentum has weakened. Following this decline, Ethereum is now facing the triangle’s...

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The Canadian University of Dubai (CUD) partnered with Binance to enable students to pay their fees in digital currencies. With the recent collaboration, the exchange dived deeper into the local ecosystem. It received a cryptocurrency license from Dubai’s regulators in September last year.  Settling the Semesters in Crypto The world’s leading crypto platform disclosed the partnership on its Twitter account, saying current and future students of the CUD are allowed to settle...