Ethereum is following a strong bullish path above the $200 support against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards the $240 and $250 levels.
ETH price corrected lower from the $227 high, but found support near $202 against the US Dollar.
It is currently rising and trading with a positive angle above the $212 level.
There is a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to accelerate higher towards the $240 and $250 levels in the near term.
Ethereum Price is in Bullish Zone
This past week, Ethereum surged above the $200 pivot area against the US Dollar. ETH price gained bullish momentum above the $210 and $220 levels to move into a strong uptrend.
There was a proper close above the $200 pivot level and the 100 simple moving average (4-hours). The price traded to a new monthly high near $227 before starting a downside correction.
Ethereum corrected sharply lower below the $220 and $212 levels. However, the $202 and $200 levels acted as strong buy zones. There is also a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH/USD.
Ethereum Price
A low is formed near the $202 level and the price is currently rising. There was a break above the $210 and $212 levels. ETH climbed above the 50% Fib retracement level of the downside correction from the $227 high to $202 low. On the upside, an initial hurdle is near the $218 and $220 levels.
The 61.8% Fib retracement level of the downside correction from the $227 high to $202 low is also acting as a resistance. If there is a clear break above the $220 level, the price is likely to continue higher towards the $227 high or $230.
Any further gains may perhaps open the doors for a larger rally towards the $240 and $250 resistance levels in the near term.
Dips Remain Supported
Ethereum is likely to remain well bid above the $210 level and the bullish trend line. If there is a downside break below the trend line, it could revisit the $202 low.
The main support is near the $200 pivot level. Any further losses might lead the price towards the $192 support or the 100 simple moving average (4-hours).
Technical Indicators
4 hours MACD – The MACD for ETH/USD is moving back into the bullish zone.
4 hours RSI – The RSI for ETH/USD is currently well above the 50 level.
Major Support Level – $212
Major Resistance Level – $230
Take advantage of the trading opportunities with Plus500
Risk disclaimer: 76.4% of retail CFD accounts lose money. origin »
Ethereum is down over $150 from the $490 swing high against the US Dollar. ETH price could continue to move down if it breaks the key $300 support zone. ETH price is back in a bearish zone below the $400 and $350 support levels against the US Dollar. It traded to a new multi-week low […]
Ripple price carved a short term top near the $0. 3200 level and declined recently against the US dollar. The price failed to stay above the $0. 3160 support and moved into a bearish zone. Yesterday’s highlighted key bullish trend line was breached with support at $0.
ETH price failed to climb above the $140-141 resistance area and declined against the US Dollar. The price even broke the $137 support level and traded to a new weekly low near $135. This is a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken).
EOS price climbed higher after forming support near the $3. 25 level against the US Dollar. EOS is currently placed nicely in a positive zone and it could extend upsides versus USD, BTC and ETH. Key.
The US Dollar could be performing in a similar way as Germany’s Papiermark during the hyperinflation period that the currency experienced between 1921 and 1923. The recognized crypto analyst PlanB has uploaded a chart to Twitter comparing the performance of Germany’s Mark and the US dollar against Bitcoin. Is The US Dollar Following The Same […]
The Bitcoin price in US dollars has begun exhibiting a trend which closely mimics the price history of Germany’s Papiermark during hyperinflation. Against Fiat, Bitcoin Follows Gold’s Price Trajectory A summary chart uploaded to social media by the cryptocurrency analysis account planB compares BTC/USD over the past eight years with the Papiermark’s value versus the previous gold mark.
Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar. The price declined below $4,000 and tested the key $3,940 support area. Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ripple price struggled to break the $0. 3200 resistance level and corrected lower against the US dollar. The price declined below the $0. 3150 level and tested the $0. 3125 support area. There is a key bullish trend line formed with support at $0.
Litecoin price finally broke the key $60. 00 resistance area against the US dollar. LTC is currently consolidating above $60. 00 and it could continue to move higher. Key Talking Points Litecoin price climbed higher and broke.
ETH price corrected lower and tested the $136-137 support area against the US Dollar. The price is currently recovering and it may continue to rise above $141 and $144 in the near term. This was a break above a key contracting triangle with resistance near $139 on the hourly chart of ETH/USD (data feed via.
Bitcoin price rallied recently after it broke the key $3,900 resistance area against the US Dollar. The price surged higher and broke the $3,950 and $4,000 hurdles to set the pace for more gains.
ETH price broke a major resistance area near $133-134 to climb higher against the US Dollar. The price settled above the key $134 resistance to move into a positive zone. There was a break above a major contracting triangle with resistance at $133 on the 4-hours chart of ETH/USD (data feed via Kraken).
Bitcoin price gained traction and broke the $3,850 and $3,900 resistance levels against the US Dollar. The price rallied recently and even climbed above $4,000 before correcting lower. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Overnight, the bitcoin price surged 3 percent against the U. S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent.
ETH price broke a few important resistance levels near the $134 level against the US Dollar. The price gained traction and settled above the $134 and $136 resistance levels. This was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD (data feed via Kraken).
In a continuation of good news for crypto asset Stellar, Coinbase recently announced the listing of XLM on its platform. Markets reacted positively to the news, with a 4% increase against the Dollar, but similar to XRP’s recent listing on the platform; investors were left feeling somewhat disappointed.
Bitcoin price made a few swing moves above the $3,800 and $3,830 supports against the US Dollar. The price managed to settle above the $3,850 level and the 100 hourly simple moving average. This week’s major bearish trend line with resistance at $3,845 was breached on the hourly chart of the BTC/USD pair (data feed.
Ripple price failed to hold gains above the $0. 3120 and $0. 3100 supports against the US dollar. The price tested the $0. 3060 support and it is currently trading near the $0. 3100 pivot level. There is a key contracting triangle in place with resistance at $0.
Litecoin price corrected lower recently, but it found support near $52. 00 against the US dollar. LTC remains in an uptrend and it could slowly rise towards $58. 00 and $60. 00. Key Talking Points Litecoin price is.
ETH price managed to stay above the $130 support level and recovered above $132 against the US Dollar. There were swing moves near $130 before the price settled above the $132 pivot level. This week’s important bearish trend line was breached with resistance at $131 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is trading nicely above the $3,825 and $3,800 support levels against the US Dollar. The price is likely positioning for an upside break above the $3,880 and $3,900 resistance levels.
Ripple price rallied recently and broke many key resistances near $0. 3080 against the US dollar. The price even settled above the $0. 3100 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached with resistance at $0.
ETH price is struggling to trade above the $133 and $134 resistance levels against the US Dollar. The price is holding the $130 support, it is likely to make the next move soon. This week’s crucial bearish trend line is intact with current resistance at $132 on the hourly chart of ETH/USD (data feed via.
Coinbase Pro will have active trading of Stellar Lumens (XLM) by morning. The exchange announced in a blog post earlier today that it is currently accepting deposits. They are conducting the listing in a similar manner to how they did Ripple, in stages.
Spotify has lodged a formal complaint with antitrust investigators at the European Commission (EC), over Apple’s “unfair” policies, including a predatory 30% “tax” on its competitors.
Bitcoin price stayed above the $3,800 support area and recovered recently against the US Dollar. The price is trading above the $3,840 level and facing a strong resistance near the 100 hourly SMA.
ETH price remained below the key $133 and $134 resistance levels against the US Dollar. SEC’s Chairman reaffirmed that Ethereum (ETH) is not a security, but it failed to boost the market. This week’s important bearish trend line is in place with resistance at $133 on the hourly chart of ETH/USD (data feed via Kraken).
On March 11, Groestlecoin surged by 206 percent against the U. S. dollar within several hours, easily outperforming Bitcoin and the rest of the crypto market. Groestlecoin has retracted by a small margin since its initial spike but it still remains up by more than 172 percent against Bitcoin.
Bitcoin price failed to hold the key $3,860 support and traded lower against the US Dollar. The price even broke the $3,840 support and settled well below the 100 hourly simple moving average. There was a break below a crucial ascending channel with support at $3,830 on the hourly chart of the BTC/USD pair (data.
Ripple price failed to recover and extended losses below the $0. 3100 support against the US dollar. The price settled below the $0. 3100 support and the 100 hourly simple moving average. Yesterday’s major contracting triangle was breached with support at $0.
ETH price extended declines and traded below the $131 and $130 support levels against the US Dollar. The price is back above the $130 level, but it remains below the key $134 resistance. Yesterday’s key bearish trend line is intact with resistance at $134 on the hourly chart of ETH/USD (data feed via Kraken).
Binance Coin (BNB) surged above $15. 00 and later started consolidation against the US Dollar. BNB is likely preparing for the next crucial break and it could outperform bitcoin, Ethereum and ripple.
IOTA/USD trade movements are still basically featured in a range. Traders should be wary of $0. 28 mark while placing an order in the IOTA/USD market. IOTA/USD Medium-term Trend: Ranging Resistance levels: $0.
Throughout March, a handful of crypto assets and tokens have consistently outperformed Bitcoin, recording gains in the 50 percent to 100 percent range against the U. S. dollar. Due to the reported partnership between Samsung and Enjin, for instance, Enjin Coin and other cryptocurrencies related to the project such as Kyber Network and Bancor demonstrated a significant increase in value.
CoinSpeaker
Litecoin Could ‘Light Up’ Outperforming Bitcoin and XRP
Last week, we saw a solid upward move in Litecoin price above the $52. 00 resistance against the US dollar.
Bitcoin price traded above the $3,940 level recently before correcting lower against the US Dollar. The price is following a solid bullish path and buyers seem to be in control above $3,800. There is a short term declining channel in place with resistance at $3,900 on the hourly chart of the BTC/USD pair (data feed.
Ripple price has formed a strong support above the $0. 3070 level against the US dollar. The price is facing a couple of strong resistances near the $0. 3130 and $0. 3160 levels. There is a key contracting triangle formed with resistance at $0.
Litecoin price remained in an uptrend above the $54. 00 support level against the US dollar. LTC is currently consolidating and it is likely to outpace bitcoin and Ethereum in the near term. Key Talking Points.
ETH price is holding the $133 and $134 support levels against the US Dollar. The price declined recently, but buyers protected losses below the $133 support level. There is a major bearish trend line formed with resistance at $136 on the hourly chart of ETH/USD (data feed via Kraken).
In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U. S. dollar with solid volume across major markets in the likes of the U. S. and Japan. Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level.
Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
ETH price continues to face a strong resistance just below the $140 level against the US Dollar. The price dipped sharply recently, but it recovered above the $134 support level. There is a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD (data feed via Kraken).
On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme.
XRP’s [third largest coin by market capitalization] first row competitor for currency remittance and cross-border transactions Stellar Lumens (XLM) is standing in the green against the US Dollar reaching a price of $0.
Revolut, a mobile finance and payment application based in the U. K. , has launched a service that makes it possible for its clients to “auto-exchange” fiat and digital currencies on its platform.
Litecoin price rallied recently above $52. 00 and $55. 00 against the US Dollar. LTC is likely to accelerate further above $60. 00 in the near term and it could gain versus BTC as well. Key Talking Points.
Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ripple price failed to surpass the $0. 3200 resistance and started a downward move against the US dollar. The price traded below the $0. 3140 support and it is now approaching the key $0. 3080 support.
ETH price failed to break the $139 and $140 resistance levels against the US Dollar. The price started a downside move, with an increase in selling pressure below the $138 level. Yesterday’s highlighted ascending channel with support at $137 was breached on the hourly chart of ETH/USD (data feed via Kraken).
The latest cryptocurrency investment of a US legislator, who bought Ethereum (ETH) when its price dropped below $3,000, is generating headlines. Representative Michael Collins has reportedly taken advantage of the dip by purchasing between $1,000 and $15,000 worth of Ethereum.
Analysts said that two of the biggest cryptocurrencies in the world are riding on the waves of positive sentiments as the exchange-traded funds of Bitcoin and Ethereum reached record highs. The pro-cryptocurrency stance of US President-elect Donald Trump continues to fuel the positive outlook, propelling BTC and ETH to attain unprecedented levels. Related Reading: Operation […]
On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).
For years, Ethereum has established itself as the second-best competitor to Bitcoin regarding technology, innovation, and use cases. If many consider Bitcoin as ‘digital gold,’ Ethereum would be ‘digital silver.
According to veteran trader Peter Brandt, Ethereum might have just seen its future looking brighter. Known for his technical forecasts, Brandt feels the altcoin is on the verge of a bullish turnaround.
On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets.
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022.
