This Scenario Will Trigger A Larger Ethereum Rally: Key Levels To Watch

2020-1-28 06:16

Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180. There were decent bullish moves in Ethereum above the $165 and $170 levels against the US Dollar. The price is up around 4% and it is likely to climb towards the $180 resistance. There is a key bullish trend line forming with support near $170 on the hourly chart of ETH/USD (data feed via Kraken). There could be a larger rally once the price clears the $180 resistance area. Ethereum Price Gaining Bullish Momentum In the past few sessions, there were bullish moves in both bitcoin and Ethereum above $170 and $9,000 respectively against the US Dollar. ETH price settled above the $165 resistance area and the 100 hourly simple moving average. A new weekly high is formed near the $174 level and the price is currently trading with a bullish angle. Besides, there is a key bullish trend line forming with support near $170 on the hourly chart of ETH/USD. Ethereum Price If there is a clear break above the $174 area, the bulls are likely to aim the $178 and $180 resistance levels. More importantly, a clear break above the $180 resistance level could set the pace for a larger rally. In the mentioned case, the price is likely to surge towards the $200 level. Any further gains could lead the price towards the $220 pivot level in the coming days. An intermediate resistance is near the $215 level. Dips Remain Supported In the short term, there could be a minor correction in ETH from $174 or $178. An initial support is near the $172 level or the 23.6% Fib retracement level of the recent upward move from the $165 swing low to $174 high. The first major support on the downside is near the $170 level (the recent hurdle for the bulls). It is now near the bullish trend line and the 50% Fib retracement level of the recent upward move from the $165 swing low to $174 high. If Ethereum extends its decline below the $170 support level, it could start a downside extension towards the $165 support. The 100 hourly SMA is also near the $165 level to provide support in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is currently correcting lower towards the 60 level. Major Support Level – $170 Major Resistance Level – $178 The post appeared first on NewsBTC.

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ethereum key 170 above levels larger trend

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


Фото:

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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