Ethereum Sees Strong Resistance After Setback; Is a Return to $200 Possible In The Short-term?

Ethereum Sees Strong Resistance After Setback; Is a Return to $200 Possible In The Short-term?
фото показано с : zycrypto.com

2020-5-12 16:18

The crypto market is easily swiped by bearish pressure due to the high number of speculators and nervous investors. When digital assets turn red, they can easily go on freefall. Unfortunately, the same cannot be said about gaining.

Going up, digital assets suffer to fill sell orders, lack volume, and face multiple resistances and pullbacks. Ethereum, the biggest altcoin, and price trendsetter face the same fate following the weekend price crash.

During the weekend, Ethereum went into freefall as it followed Bitcoin’s trend. With the two bleeding, the entire market turned red and managed to wipe out more than $25 billion. For Ethereum, pressure mounted after it slipped below $200. Higher support at $190 was expected to hold, but the bears have proven resilient.

Now at the $185 support, Ethereum faces an uphill battle to get back above $200 and into recent highs. Since dropping, Ethereum seems to be holding up well above $185. This will give investors confidence to accumulate and look to get prices bullish once again.

Unfortunately, this is not looking possible in the short term. Although Ethereum will look to correct and get back above $190, it faces strong resistance in its climb above $200 before turning full bullish.

Bitcoin was set to be the trigger for a wide market rally. This has turned out differently with Bitcoin now leading the market downwards. The halving, which is now expected in the next couple of hours has failed to inspire a rally leaving altcoins in the red.

If a belated Bitcoin rally occurs, this will be singled to Bitcoin with Ethereum enjoying moderate gains, if any. Altcoins are likely to suffer if Bitcoin enjoys a belated rally as investors scramble to exit altcoins and enter Bitcoin for gains.

Ethereum 2.0 To Offer Boost

If there are no further delays, Ethereum 2.0 is set to be released in July. This is set to offer a major boost to Ethereum prices as the project looks to reclaim its title as the king of DApps. Leading to the event prices are likely to pump and see the altcoin attempt to reach new highs.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

easily assets red turn digital nervous investors

Источник: zycrypto.com

easily assets → Результатов: 72


Фото:

This Factom-Based Stablecoin Network is About to See $1 Billion in Conversions

The Factom-based stablecoin network PegNet is fast approaching $1 billion in total conversions, which is a significant number that elucidates the rapid adoption the network is currently incurring. PegNet is a unique distributed network that allows users to easily access and utilize a variety of different assets – including fiat, crypto, precious metals, and more – however they so choose by using “Pegged Asset Tokens” that are essentially digital copies of the underlying asset that they represent.  The platform’s conversion […]

2020-4-1 03:45


Фото:

Uphold App Now Lets Users Easily Trade Directly Between Over 60 Cryptos, Fiat Currencies and Metals

The new Uphold mobile app features an ‘Anything to Anything’ interface, which lets users easily trade directly between more than 60 assets. This means that Uphold users in the UK for example, can now directly buy bitcoin cash (BCH) with their local GBP fiat without having to use an intermediary currency such as USD or […] The post Uphold App Now Lets Users Easily Trade Directly Between Over 60 Cryptos, Fiat Currencies and Metals appeared first on Bitcoin News.

2020-1-29 18:30


Cryptocurrency Startup Has Just Released a Zero-Fee Crypto to Debit Card

One of the biggest consumer adoption hurdles for crypto has been the inability for users to easily use crypto, whether as a means of payment or as currency. Paying in crypto largely depends on the merchant being able to accept the crypto - and with thousands of digital assets to choose from, it can be […] The post Cryptocurrency Startup Has Just Released a Zero-Fee Crypto to Debit Card appeared first on CCN.com

2019-10-2 13:48


Moody’s Ratings Agency Warns Against Risks Associated With Private Blockchains

On April 25th, rating agency Moody’s released a report titled “Blockchain Improves Operational Efficiency for Securitizations, Amid New Risks.” In the report, the rating agency highlights the growing attraction of blockchain technology to banks and others involved in so-called securitizations, or the conversion of debts and other financial assets into easily tradeable forms. Moody's Investors […]

2019-5-1 06:19


Фото:

Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind.

2019-3-9 02:08


Фото:

Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months.

2019-2-20 01:38


NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

2019-2-15 22:51


Фото:

Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place.

2019-2-15 00:21


Emoon NFT Marketplace Leverages 0x (ZRX) Protocol for No-Fee English Auctions

Emoon, a peer-to-peer platform for buying and selling cryptocurrency assets, will now use 0x (ZRX) protocol for NFT auctions, allowing users to sell their in-game assets easily. Announcing the news though their twitter handle, 0x said that the NFT marketplace would use their protocol for gas-efficient English auctions, with zero fees. The tweet read: NFT […]

2019-2-7 00:47


Wyoming State Senate Will Now Consider Cryptocurrency and Digital Assets to be Property

The regulatory situation in the United States is easily one of the most confusing issues facing cryptocurrency in the economy. There are three different entities in the federal government that already categorize it differently, based on the use of the asset, how it is purchased, or even the way that the platform supports it. There […]

2019-2-2 22:32


Cardano [ADA] To Survive and Showcase ‘Interest’ in the long Run

Experiencing the current general market uncertainty, many crypto-enthusiasts and traders ask themselves more often which coin will turn as true value in the years to come. Taking a look at the yearly chart and seeing the not-stopping price decline of the  virtual assets you can easily conclude that 2017 was the year of gold-rush while now […] The post Cardano [ADA] To Survive and Showcase ‘Interest’ in the long Run appeared first on Ethereum World News.

2018-12-11 03:07


дальше еще 23 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin And Ether ETFs Set Record $7.6 Billion Inflows Amid Trump’s Crypto Push

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 […]

Ethereum Bullish Signal: Adoption Hits Four-Month High Rate

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 Rockets Forward With 3.3% Network Growth While Bitcoin Goes Stale

On-chain data shows Ethereum has notably outpaced Bitcoin in terms of adoption during the last three months, a sign that could be positive for ETH. Ethereum Has Seen Its Holder Count Go Up By 3.3% In Last Three Months According to data from the on-chain analytics firm Santiment, Ethereum has continued to separate itself from […]