The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted addresses would not be able to transact or operate in the […]
submitted by /u/Breaking_Crypt [link] [comments]
Ethereum declined heavily below the $1,750 support against the US Dollar. ETH is showing bearish signs and remains at a risk of more losses below $1,550. Ethereum started a fresh decline and traded below the $1,600 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $1,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,700 resistance zone. Ethereum Price Turns Bearish Ethereum started a major decline below the $1,700 level. ETH traded below the $1,650 support zone to move further into a bearish zone. It opened the doors for a move below the $1,600 level. Finally, the price traded as low as $1,524 before the bulls appeared. It started an upside correction and traded above the $1,580 level. There was a break above a connecting bearish trend line with resistance near $1,580 on the hourly chart of ETH/USD. Ether price climbed above the 23.6% Fib retracement level of the key decline from the $1,878 swing high to $1,524 low. However, the bears were active near the $1,650 zone. The price is now trading below $1,650 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,625 level. The first major resistance is now forming near the $1,650 level. The next major resistance is near the $1,700 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the key decline from the $1,878 swing high to $1,524 low is also near the $1,700 level. A clear move above the $1,700 resistance could even push the price above the $1,750 resistance. More Losses in ETH? If ethereum fails to rise above the $1,700 resistance, it could continue to move down. An initial support on the downside is near the $1,550 zone. The next major support is near $1,525, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,465 level. Any more losses may perhaps open the doors for a move towards the $1,420 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,525 Major Resistance Level – $1,650
submitted by /u/ethprofit [link] [comments]
submitted by /u/Huge_Fruit3363 [link] [comments]
A 19-part thread outlines the sophisticated strategies scammers are using to part crypto users from their funds.
Me and my dad and all of our aacounts were drained of our Hex, Eth, etc. this was from our MetaMask wallet and Kucoin. We had all forms of 2fa and yet they were able to transfer all of our money and savings to another address. This happened 1day and 20hours ago. I’m wondering if…
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It's not just poor investment choices, you also don't hear about people who bought into coins where you can't sell or have no liquidity. Not to mention hacks, scams and the like. Don't beat yourself up for missing out on profits, you may have instead missed out on heavy losses. Winner bias is a part…
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The hackers continue to spread out the stolen funds using Bitcoin privacy tools as a means to remain anonymous, despite the identity of the hackers believed to be a North Korean cybercrime group.
The South Korean Ministry of Strategy and Finance on 22nd August, responded to a tax law interpretation inquiry on whether a transaction in which a virtual asset issuer provides a virtual asset of the same or a different kind to a member who owns a specific virtual asset is a transaction subject to the gift…
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