ETH/USD – Ether Explodes After Triangle Breakout Key Support Levels: $3640, $3510, $3400.Key Resistance Levels: $3825, $4000, $4060. Ethereum penetrated the consolidation pattern this week, which was in play since mid-August when the coin failed to break resistance at $3350. This resulted in it forming a symmetrical triangle pattern for the second half of August and gaining about 17% in a week. On Tuesday, ETH bounced from the 20-day MA and broke above the symmetrical...
Read More »MetaMask Celebrates 10 Million Monthly Active Users: 1800% Yearly Growth
Metamask wallet recently broke another personal record for growth and now has over ten million monthly active users of their wallet. In celebration, they will be hosting a party on Decentraland, coupled with a live stream of the event for those who can’t join. Another Milestone for Metamask After announcing their achievement on Tuesday, the popular wallet promised to host a 24-hour watch party on Decentraland to celebrate. The party will feature a performance from twitch...
Read More »Bitcoin’s Dominance Declines as ETH Reclaimed $3,500 (Market Watch)
Bitcoin’s recent struggles continued in the past 24 hours as the asset dropped to a five-day low of around $46,500. In contrast, some alternative coins have been on the rise. Ethereum is a prime example as it jumped above $3,500 for the first time in more than three months. ETH Above $3.5K; DOT Spikes 10% It’s safe to say that most altcoins have been outperforming Bitcoin in the past few weeks. Ethereum, for instance, had dropped below $3,200 on Monday. However, the...
Read More »Ethereum Price Analysis: ETH Surges 8% Daily to Paint Fresh August Highs
ETH/USD – Ether Finally Breaks August Resistance Key Support Levels: $3350, $3200, $3000.Key Resistance Levels: $3540, $3600, $3700. Ethereum has been trapped inside a consolidation period since it established resistance at $3350 during mid-August. The cryptocurrency failed to overcome the resistance provided by a bearish .618 Fib Retracement and ended up forming a symmetrical triangle from there. ETH had been trading inside this triangle pattern for the past fortnight as it...
Read More »Ethereum Price Analysis: ETH Remains Flat, Attempts a Breakout Against Bitcoin
ETH/USD – Ether Forms Symmetrical Triangle Key Support Levels: $3150, $2985, $2890.Key Resistance Levels: $3350, $3540, $3700. Since surging from $1800 at the end of July to meet resistance at $3350 in the first half of August, Ethereum has been consolidating inside a symmetrical triangle pattern. It has made over four attempts to break the $3350 resistance, provided by a bearish .618 Fib, and failed on each attempt. Recently, ETH has been using the 20-day MA as support as it...
Read More »Costly Mistake: Mutant Ape NFT Sold for 17 USDC Instead of 17 ETH Worth $54k
While mistakes are inevitable, some are costlier than others, and this one has cost an NFT holder $54,000. After minting the Mutant Ape #5275 NFT hours ago, the holder then tried to sell it on OpenSea, but the deal did not go as he would have wanted. Instead of selling his Ape for $54,000, the owner mistakenly sold it for $17, which is 99.9% below a floor price of 7.95 ETH ($24,200). $17 Instead of $54k Most digital collectibles on OpenSea and other Ethereum-based NFT markets...
Read More »Bitcoin Struggles Below $49K: Solana (SOL) Now Top 8 Surpassing Polkadot (Market Watch)
Bitcoin attempted to reach $50,000 once more in the past 24 hours, but it was rejected, which drove it south hard. Most altcoins have stalled, which has enabled SOL to outplace Polkadot as the 8th largest cryptocurrency following another impressive surge and ATH. SOL’s Latest ATH Takes it to N8 Most alternative coins have performed rather similarly to bitcoin in the past few days. As such, they have remained relatively stagnant on a daily scale, despite the intraday...
Read More »Bitcoin Tapped $49K as Crypto Markets Recover $100 Billion (Weekend Watch)
Following a few days of price declines, bitcoin has bounced off and jumped to around $49,000. Most alternative coins have also reacted well to the recent slumps, with impressive increases now. ADA leads the pack with a 10% surge to above $2.8. Bitcoin Touched $49K As reported by CryptoPotato, the past few days didn’t go well for the primary cryptocurrency. It had failed to remain above $50,000 after it breached that level for the first time since mid-May and the bears had a...
Read More »Ethereum Chain Splits Due to Bug: Devs Urging Users to Avoid any ETH Transactions
A bug afflicting a prior version of Geth has just caused the Ethereum mainnet to split. Nodes running the old client are being barred from the main network. This could threaten the possibility of double-spending and lost funds for those using the network. Go Ethereum just tweeted that a bug afflicting the old version of Geth has caused the Ethereum mainnet to fork. He urges all nodes to immediately update to the current version 1.10.8, which was announced just days ago. A...
Read More »Price Analysis Overview August 27: Bitcoin, Ethereum, Ripple, Cardano & Solana
Bitcoin (BTC) Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K. Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial...
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