Tag Archives: ethusd

ETH/USD – Market Falls Beneath Ascending Price ChannelKey Support Levels: $1755, $1695, $1620.Key Resistance Levels: $1800, $1875, $1940.Ethereum performed well over the weekend, clocking in a fresh March high at $1940 on Saturday. It dropped back below $1900 on Sunday and continued to break beneath the March ascending price channel yesterday with the 5.2% price fall.The price drop caused ETH to head back into previous resistance at $1755, which had provided support for the market throughout...

As ETH’s price settles around $1,800 following the latest slumps, Ethereum investors continue to withdraw their holdings from centralized exchanges. Consequently, this has led to a new low of ETH tokens held on such trading venues, according to on-chain data.ETH Held on Exchanges Mark a New LowData provided by the analytics company CryptoQuant informed that the number of Ethereum tokens held on centralized exchanges has been gradually decreasing since the last quarter of 2020. At the time,...

The rapid growth of the cryptocurrency industry and the COVID-19-induced crisis have changed the mind of Australia’s Reserve Bank on launching its own CBDC. The bank’s governor Philip Lowe recently confirmed that the organization is conducting research and exploring the benefits of releasing such a product.RBA to Launch a CBDC?During the past several years, multiple banks said they were looking into launching a central bank digital currency to reduce the usage of paper money. One study from...

The cryptocurrency market is booming over the past few days, with Bitcoin marking a brand new all-time high and capturing the coveted $60,000 mark – another huge milestone.But, as we know from history, the market likes to move in cycles, so it might be the case that soon we see altcoins starting to catch up. With this said, we’ve prepared a list of a few cryptocurrencies besides BTC that might be interesting to look at over the following week.EthereumEthereum did pretty well over the past...

Following a few consecutive days in which BTC price came just inches away from breaking its ATH of $58,400, the cryptocurrency finally did it yesterday and went on a wild spike to record a new current top at $61,800. The altcoin space also followed the bullish price trajectory and the market cap added $150 billion for a new record of its own at $1.850 trillion.Bitcoin Exploded Above $60K: Broke The Feb-21 ATHAs CryptoPotato previously reported, bitcoin came close to the previous all-time high...

Another highly volatile trading day for bitcoin as the asset briefly dipped to $55,000 and a few hours later came about 2% away from the ATH at $58,400. Most larger-cap altcoins also went through the turbulence but have calmed on a 24-hour scale, with Ethereum failing to reconquer $1,800.Update: shortly after we released this market recap, Bitcoin broke its ATH from February 21, surpassing $58,500.Bitcoin’s 24H Ups and DownsAs reported yesterday, bitcoin was on a roll as it came just 0.43%...

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world.While the heavily-regulated stock markets activated circuit breakers to ease the pain, no such options were available for the unregulated crypto market. As such, in a day when the S&P...

ETH/USD – Market Falls Into Lower Boundary of Ascending Price ChannelKey Support Levels: $1755, $1700, $1667.Key Resistance Levels: $1876, $1900, $1960.Ethereum started the week on a bullish note after rebounding above $1500 over the weekend. The cryptocurrency went on to form a short-term ascending price channel as it continued to push upward to reach the resistance at $1875 (1.414 Fib Extension).It could not close a daily candle above the resistance and ended up rolling over on Wednesday....

Bitcoin came even closer to reaching a new all-time high a few hours ago but failed, and the subsequent rejection drove the asset below $57,000. Most alternative coins have remained relatively calm on a 24-hour scale despite some severe volatility experienced in the past few days.Bitcoin Came 0.43% Away from a Fresh ATHIt seems that last week’s price drops in which bitcoin dipped to $43,000 are long gone for the cryptocurrency. This week the asset has been on an impressive run that overcame...