Ethereum rallied towards $170 and bitcoin jumped towards $9,000 before starting a downside correction. However, dips in ETH price remains supported near $158 and $155.
Ether price started a downside correction the new 2020 high at $172 against the US Dollar.
The price is currently trading below $165 and it could extend its decline.
There is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could test the key $155 support area before it starts a fresh increase in the near term.
Ethereum Starts Downside Correction
Yesterday, we saw a strong rise in Ethereum above the $160 resistance and bitcoin above $8,500 against the US Dollar. ETH price traded to a new 2020 high near $172 before it faced a strong selling interest.
Later, there was a downside correction and the price declined below the $165 support. Moreover, there was a break below the 23.6% Fib retracement level of the upward move from the $143 swing low to $172 high.
The price even broke the $162 support and tested the $160 region. An initial support on the downside is near the $158 level. It coincides with the 50% Fib retracement level of the upward move from the $143 swing low to $172 high.
More importantly, there is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD. Therefore, there are chances that Ethereum might follow the declining channel and slide towards the $158 and $155 support levels.
Ethereum Price
The main support is now near $155 and the 100 hourly simple moving average. Besides, the 61.8% Fib retracement level of the upward move from the $143 swing low to $172 high is near $155.
Fresh Increase In ETH?
As mentioned, the $155 area is a crucial support. As long as ETH price is above the $155 level, the bulls are likely to remain in action. On the upside, an initial resistance is near the $164 level.
The main resistance is near the $165 zone and the channel upper trend line. A clear break above the channel resistance is likely to set the pace for more gains in the coming sessions. The next hurdles are near $170-$172, above which Ethereum is likely to climb towards the $180 zone.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently below the 50 level, with a few negative signs.
Major Support Level – $155
Major Resistance Level – $165 The post appeared first on NewsBTC. origin »
Bitcoin price spiked towards $7,400, but it failed to retain strength against the US Dollar. The bulls need to protect the $7,120 and $7,000 support levels in the near term. There is a major bearish trend line active with resistance near $7,360 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ripple’s native asset XRP has dropped by up to 36 percent from its local top of $0. 315. The third-largest cryptocurrency is now looking to extend its losses further to retest its two-year low.
The cryptocurrency market remains vulnerable to further losses on Thursday as the market capitalization hovers around critical weekly support. Bitcoin failed to attract buying interest from the psychological $8,000 support level as sentiment towards the leading cryptocurrency remained weak.
Bitcoin price is under a lot of pressure and is trading below the $8,630 resistance area. BTC to USD is likely to extend its decline towards $8,225 or $8,050 before a nice recovery. Key Takeaways: BTC/USD Bitcoin price is showing a lot of bearish signs below the $8,630 resistance area against the US Dollar. BTC/USD […]
Nano remains bearish over both the short-term and the medium-term The four-hour time is showing that bulls need to stabilize price above the $0. 850000 level to increase buying interest. The daily time frame shows that the cryptocurrency is trading inside a huge wedge pattern.
Major support zone is at 27k satoshis Major resistance is at 34k satoshis Upside potential: reaching the 39k sats local high Downside potential: slumping towards the 23k sats support. Crypto market has hit another bump in the road which set it back by $5 billion within the last 24 hours.
Ripple price started a downside correction after rallying towards the $0. 2850 resistance against the US dollar. The price is currently holding the key $0. 2720 and $0. 2700 support levels. There is a short term breakout pattern forming with resistance near $0.
Coinspeaker Bitcoin Price Tanks Below $8000 in Another Market BloodbathBitcoin price fails to hold the $8000 level support and slips below as the mounting selling pressure hint towards further downside ahead in the short term.
With every passing day, cryptocurrencies are being widely included in the business offerings of firms, offerings based on the fact that many prospective individuals are growing more inclined towards digital assets.
EOS remains technically bearish across the short and medium-term, as the cryptocurrency looks set for its fifth straight week of trading losses A bearish head and shoulders pattern suggests that a drop towards the $3.
The total crypto market cap corrected lower after a solid run towards $215. 0B. Bitcoin price is currently trading above the $11,500 support after a strong downside correction. Litecoin (LTC) price is now trading below the $95.
Bitcoin Cash has a neutral short-term bias, with the BCH / USD pair trading towards its key 200-period moving average on the four-hour time frame The bearish head and shoulders pattern on the four-hour time frame has now reached its full downside projection The daily time frame continues to show the BCH / USD pair […]
The post Bitcoin Cash Price Analysis BCH / USD: Lifting Itself Up appeared first on Crypto Briefing.
Litecoin has a bearish short-term bias, with the LTC / USD pair still undergoing a major downside breakout The four-hour time frame shows that bulls are testing back towards the neckline of a bearish head and shoulders pattern The daily time frame highlights a strong technical bounce from the LTC / USD pair’s 200-day moving […]
The post Litecoin Price Analysis LTC / USD: Bounce Back appeared first on Crypto Briefing.
Bitcoin price started a downside correction below the $9,200 support against the US Dollar. The price tested the $8,950 support area and it is currently moving higher towards $9,200. There was a break above a declining channel with resistance at $9,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ripple price started a downside correction after rallying towards $0. 4630 against the US dollar. The price declined sharply and broke the $0. 4400 and $0. 4300 support levels. This week’s followed bullish trend line was breached with support near $0.
Ripple price started a short term downside correction after trading towards $0. 4100 against the US dollar. The price declined below the $0. 4000 support and recently tested the $0. 3940 support area.
ETH price started a downside correction after trading towards the $265 level against the US Dollar. The price declined below the $255 level, but the $250 support area is acting as a support. There is a key bullish trend line forming with support near $253 on the hourly chart of ETH/USD (data feed via Kraken).
By CCN Markets: Ripple (XRP) has attempted a pullback after dropping more than 12-percent over the past weekend. The XRP-to-dollar exchange rate established a cycle low of $0. 371 on Sunday at 1600 UTC.
ETH price topped near the $280 level and recently started a downside correction against the US Dollar. The price is slowly moving lower towards a couple of important supports near $265. Yesterday’s highlighted key ascending channel is intact with support near $266 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price started a downside correction after tagging the $8,300 resistance against the US Dollar. The price tested the $7,575-7,600 support area and recently rebounded towards $8,100. Yesterday’s highlighted important bullish trend line is intact with support near $7,810 on the hourly chart of the BTC/USD pair (data feed from Kraken).
ETH price started a fresh increase after a sharp downside correction towards $225 against the US Dollar. The price is currently gaining traction and it broke the $240 and $245 resistance levels. There is a crucial bullish trend line in place with support near $236 on the 4-hours chart of ETH/USD (data feed via Kraken).
By CCN. com: One has probably never heard of Japanese Content Token (Ticker: JCT), a crypto-asset issued by a Singapore-based blockchain firm. But that has not deterred the cryptocurrency from jumping more than 700-percent in merely two hours.
Ethereum has a neutral short-term trading bias, with the ETH / USD pair testing back towards its 200-period moving average on the four-hour time frame ETH still retains its bullish medium-term trading bias Buyers now need to move price above the April trading high or ETH / USD could come under downside pressure Ethereum / […]
The post ETH / USD Price Analysis: Bearish Inertia appeared first on Crypto Briefing.
By CCN. com: Dominant crypto asset bitcoin sent fresh shivers through the rest of the cryptocurrency market with its latest plunge. The bitcoin-to-dollar exchange rate dropped as much as 2. 66-percent on Monday to establish an intraday low towards $5,569.
The total crypto market cap started a downside correction from the $186. 8B swing high. Bitcoin price is currently correcting lower towards the $5,650 and $5,600 supports. Bitcoin cash price failed to stay above the $300 support level and declined below $295.
ETH price traded above the $174 and $175 resistance levels before it faced sellers against the US Dollar. The price traded towards the $178 level and later started a downside correction below $172.
Coinspeaker XRP Price Analysis: XRP/USD is Breaking Up $0. 36 to Face $0. 38 Price LevelXRP price is advancing towards $0. 36 level about to break up and face the next hurdles at $0. 38.
The bitcoin price on Thursday depreciated as much as 10. 33-percent against the US dollar. The cryptocurrency reached an intraday low at $4,833 in an interim bearish correction. It was already trending inside an overbought zone when the downside action started.
The bitcoin cash (BCH) price endured a significant correction on Thursday as the fifth-largest cryptocurrency dropped 10. 7-percent from its session high. Top Cryptocurrencies Pull Back from Recent Highs The BCH-to-dollar rate had surged around 100-percent since Monday morning, leaving its top rival bitcoin behind in terms of overall gains.
The total crypto market cap corrected lower recently and tested the $132. 0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.
CoinSpeaker
XRP Price Analysis: XRP/USD Trends of February 27–March 05, 2019
In case the Demand level of $0. 31 holds and the Bulls gain enough pressure, the XRP price will range towards $0.
Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar. The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged. Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken).
While financial forecasters are predicting a bullish 2019 for the bitcoin price, the cryptocurrency first needs to fight strong technical barriers in the near-term. It is becoming difficult for bitcoin bulls to initiate a substantial push towards the $3,480-barrier and beyond.
Tron (TRX) opened this week in positive territory in an otherwise bearish day for cryptocurrency market. The Tron-to-dollar exchange rate (TRX/USD) surged as higher as 0. 029, a 16% up from the Monday’s open.
Key Highlights · ETH price failed to stay above the $155 support and declined recently against the US Dollar. · Yesterday’s highlighted key bullish trend line was breached with support at $150 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights ETH price climbed above $120 and traded towards the $125 resistance level against the US Dollar. There was a break below a connecting bullish trend line with support at $119 on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights Ripple price extended gains towards $0. 5620 before started a downside correction against the US dollar. There are two bullish trend lines in place with support at $0. 5320 and $0.
Key Highlights ADA price failed to move above the $0. 0770 and $0. 0800 resistance levels against the US Dollar (tethered). There is a crucial bearish trend line in place with resistance at $0. 0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
Key Highlights Ripple price started a downside correction after trading towards the $0. 4740 level against the US dollar. There is a short term declining channel in place with resistance at $0. 4540 on the hourly chart of the XRP/USD pair (data source from Kraken).
Litecoin price started a downside correction and declined below $58. 00 against the US Dollar. LTC/USD could continue to move down towards the $54. 00 and $52. 00 levels. Key Talking Points Litecoin price is currently under pressure as it broke the $58.
Key Highlights ETH price is under a downside correction since it broke the $245 support against the US Dollar. Yesterday’s discussed contracting triangle with support near $242 was breached on the hourly chart of ETH/USD (data feed via Kraken).
Key Highlights Ripple price extended its downside move and broke the $0. 3400 support area against the US dollar. Yesterday’s highlighted key bullish trend line was broken with support at $0. 3405 on the hourly chart of the XRP/USD pair (data source from Kraken).
Litecoin price declined a few points towards the $59. 00-60. 00 support against the US Dollar. LTC/USD remains supported above $59. 00 and it could bounce back above $62. 00. Key Talking Points Litecoin price extended its downside correction below the $60.
Key Highlights ADA price surged towards the $0. 2000 level before starting a downside correction against the US Dollar (tethered). There is a significant bullish trend line formed with support at $0.
Key Highlights ADA price is under heavy pressure and is currently trading well below $0. 1300 against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance at $0.
Key Highlights ADA price started a fresh downside move from the $0. 1750 swing high against the US Dollar (tethered). There is a crucial bearish trend line forming with resistance at $0. 1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
Digital tokens witness limited recoveries as Bitcoin attempts a break past $97K. While bulls fight for control, AAVE remains poised for continued struggle after resistance rejection. AAVE failed to steady above $270 after rallying to $277 on Monday.
Ethereum price has recovered from lows of $2,619 to trade above $2,728. Incidentally, ETH price as jumped by more than a percentage in the past 24 hours. The gains come amid a spike in daily volume, with data showing the global trading volume on the Ethereum network hit $20 billion. While ETH remains below the […]
Cosmos is the internet of blockchains - an ever-expanding ecosystem of interconnected, blockchain-based apps and services. Powered by the Interchain Stack, Cosmos boasts over 100 IBC-enabled chains. - Medium
Cryptocurrency prices rebounded on Saturday, with Bitcoin moving above $97,500 and the market cap of all tokens soaring to $3. 25 trillion. The crypto fear and greed index exited the fear zone and moved neutral at 43.
Scaling Ethereum's L1 could enhance security and resilience, ensuring robust decentralization amid growing L2 reliance and potential centralization risks.
The post Vitalik calls for 10X scaling to reinforce Ethereum’s L1 dominance in an L2-heavy world appeared first on Crypto Briefing.
The cryptocurrency market showcased a mix of gains and losses on February 14, with fluctuating price movements following the release of key US economic data. While Bitcoin (BTC) managed to hover around the $97K level despite slight turbulence, Ethereum (ETH) hovered near $2,700.
The Ethereum Foundation's DeFi engagement may reshape its financial strategy, but staking could challenge its neutrality in future forks.
The post Ethereum Foundation to explore staking after allocating 45,000 ETH to DeFi appeared first on Crypto Briefing.