Category : Ethereum

Analysis ETH Ethereum Technical

Ethereum Price Weekly Analysis: ETH/USD Facing Significant Hurdle

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Key Highlights ETH price stayed above the $196-197 support area with positive moves against the US Dollar. There is a monster breakout pattern formed with resistance at $204 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $204 and $208 resistance levels to climb higher in the near term. Ethereum price is preparing for
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BitGo Hopes You’re Hungry For A Bitcoin Wrap on the Ethereum Blockchain

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BitGo yesterday announced Wrapped Bitcoin, an ERC20 token on the Ethereum blockchain, fully backed by bitcoin. The project, in partnership with Kyber Network and Republic Protocol, will launch in January 2019. And Twitter asked… Why? As we should now expect from the Twitterverse, responses were swift and brutal. Andreas M. Antonopoulos received twice as many likes for his simple “Why?” reply,
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Ethfinex Hopes to Break Stalemate by Offering In-Platform ICOs and Token Sales

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Ethfinex plans to host token sales and ICOs within its platform. The company has developed what they believe to be a more equitable method for involving investors in ICOs. Will Decentralized ICOs Level the Playing Field? Ethfinex will soon offer users the opportunity to participate in token sales and ICOs provided directly through the exchange platform. Both Ethfinex and Bitfinex
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Analyst: Low Volatility is a Positive Sign for the Cryptocurrency Markets

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As the cryptocurrency markets continue to trade sideways as trading volume decreases, many traders are beginning to lose patience and interest in the markets. Despite this unusual trading activity in generally volatile markets, one analyst believes that it is actually a good sign for the future success of the markets. At the time of writing, Bitcoin is trading at $6,465,
Analysis ETH Ethereum Technical

Ethereum Price Analysis: ETH/USD Poised For Continued Weakness

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Key Highlights ETH price did not move higher above the $201 and $203 resistances against the US Dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a downside break below the $196-197 support. Ethereum price is under
Analysis ETH Ethereum Technical

Ethereum Price Analysis: ETH/USD Extends Consolidation Near $200

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Key Highlights ETH price failed to move above the $203 resistance and declined recently against the US Dollar. There is a new bearish trend line formed with resistance at $201 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on the downside near the $196 and $197 levels. Ethereum price declined towards the range low
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Circle & Coinbase Partner Up For a Better Stablecoin, But There’s a Catch

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Circle and Coinbase, two of the largest and most popular cryptocurrency companies, are partnering to improve the stablecoin concept, but there’s a catch.  The CENTRE Consortium for a Better Stablecoin On Tuesday, both companies announced the CENTRE Consortium, a joint venture that aims to speed up adoption of cryptocurrencies backed by actual fiat currencies like US dollars. In May, Circle launched its own
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Bitcoin Price Has Maximum $22K Potential By End Of 2018, Says Tom Lee

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Bitcoin could end 2018 at $22,000, Fundstrat Global Investors analyst Tom Lee repeated in new predictions about the end of the cryptocurrency bear market October 19. Lee: 200-day MA ‘Very Important’ Speaking during an interview with social media blog Crypto Tips, Lee, who is known for his bullish stance on Bitcoin in particular, highlighted the 200-day moving average price trend