Ethereum Dives 7% But This Variable Can Trigger A New Rally

2020-4-21 07:38

Ethereum is down around 7% and it broke the $175 support area against the US Dollar. ETH price could correct further, but there are many key supports, starting with $165 and $160. Ethereum is currently correcting lower from the $185 swing high. The price traded below the key $175 support to start a short term downside correction. There was a break below a key contracting triangle with support near $178 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to find a strong buying interest near the $165 and $160 levels. Ethereum Price Approaching Supports After struggling to clear the $185 resistance, Ethereum started a downside correction against the US Dollar. ETH price broke the $180 and $175 support levels to move into a short term bearish zone. There was also a close below the $175 pivot level and the 100 hourly simple moving average. More importantly, there was a break below a key contracting triangle with support near $178 on the hourly chart of ETH/USD. Ethereum Price The pair is down around 7% and it tested the $165 support level. A low is formed near $165 and the price is currently consolidating losses above $170. It seems like Ether is testing the 23.6% Fib retracement level of the recent decline from the $185 swing high to $165 low. On the upside, an initial resistance is near the $173 level. The first key resistance is near the $175 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent decline from the $185 swing high to $165 low is also near the $175 level. Therefore, Ethereum must recover above the $175 pivot level and $178 to start a fresh increase. The next key resistances are near the $185 and $188 levels. More Losses? On the downside, an initial support is near the $165 level, which is likely to act as a strong buy zone. The next major support is near the $160 level (the previous breakout zone). If Ethereum slides below the $160 support level, the bulls are likely to lose control. In the mentioned bearish case, the price might dive towards the $152 and $150 levels in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is currently gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now well below the 50 level. Major Support Level – $165 Major Resistance Level – $178 Image from unsplash

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ethereum key supports correct further starting many

Источник: newsbtc.com

ethereum key → Результатов: 126


Фото:

The Future of Altcoins May Depend Entirely on Ethereum’s Reaction to a Key Level

It’s no secret that Ethereum holds heavy influence over the altcoin market, with its price swings and general trend often influencing that of smaller altcoins Where they trend in the near-term may largely depend on Ethereum’s reaction to $600, as this has long been a key level for the cryptocurrency that has hampered its growth Breaks above here have been fleeting, with sellers largely controlling the region between $600 and $620 A firm break above […]

2020-12-16 00:30


Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level

Ethereum has been able to begin gaining some tempered momentum following its recent drop to lows of $162, as ETH has now pushed its way back up towards the $170 region. Although the cryptocurrency is still trading down slightly from its recent highs of $177 that was set this past Saturday, its ability to hold […] The post Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level appeared first on CryptoSlate.

2020-1-22 16:41


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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.

2019-11-6 10:00


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


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