Author: dfmines

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Ethereum (ETH) is down 20% in the last week and triggering a negative sentiment in the market.         Ethereum stalls and fails to make a comeback in the last week         ETH flunks at reclaiming $2,000 level         Ethereum RSI indicates a bearish stance Additionally, Ethereum also didn’t make it to the $2,000 mark. The bears are trying to yank ETH price down and pin down the bulls. Only the daily chart, there is a formation of a rising wedge pattern indicating that a bearish movement could drag on. The bulls are looking to stave off a decline shooting below the $1,700-$1,800 levels. RSI for Ethereum has also retrograded below the baseline implying that the bears are now on top of the market. According to CoinMarketCap, Ethereum is down 21% and trading at $1,571.25 as of this writing. Related Reading: Cardano (ADA) Could Shed Another 14% Off Its Price – Here’s Why Ethereum Triggers Massive Selling Pressure If ETH/USD pair continues to plunge, the next support is now clustered at the $1520-$1570 range.  This new support line is the result of the convergence between 50-day moving average line and the 100-day moving average. Now, if this level breaks, a bear structure may form, that can send Ethereum dropping to $1,280. To sustain the bullish momentum, the bulls will have to maintain its price above $1,700. Ethereum has triggered a massive selling pressure as it heads south providing a knife-catching break. With Ethereum’s 21% decline, this proves to validate that the bears were able to breach the ascending wedge, an important signal for bears to penetrate the market. In the early stage, while Ethereum was nearing the $1,900 level, or making an upward progression, there is a warning sent out regarding a liquidation that may not happen until the liquidity levels reach close to $2,020. Related Reading: Chainlink In Bearish Mood As LINK Price Retreats To $8.63 ETH Pullback Projected As High As $1,900 Ethereum price reached a high of $2,030 on August 12 before it cascaded down. Now, the bears have breached the 8-day and 21-day moving averages. A pullback may probably happen over the weekend. On the other hand, another theory liked to auction market suggests that there is a possibility of retracement into the $1571 and $1450 levels. More so, the Volume Profile Indicator for ETH also confirms its bearish movement especially with the strengthening of selling pressure evident on the 1-hour time frame. The downward trend for ETH can be invalidated if the bulls can revisit the $2030 level. On the contrary, bulls that would want to dare towards knife-catching opportunities in the 1370-$1420 range may go this direction. With that, the pullback target is projected to go at a maximum of $1,984.  ETH total market cap at $191 billion on the daily chart | Source: TradingView.com Featured image from Coinpedia, Chart from TradingView.com

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Ethereum gas price is like 3 gwei right now and I'm trying to renew a name. The issue is metamask is estimating the gas fee at $100. Surely that's not accurate. If I put the transaction through, is there any chance I actually am charged that? submitted by /u/mayo_color_benz [link] [comments]

Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has revealed. The trading platform is already working with a partner to organize the placement of digital tokens. Russia’s Top Exchange to Facilitate Trading of Financial […]

Wright claims to be Bitcoin creator Satoshi Nakamoto. But various individuals, including Granath, have challenged this claim. In March 2019, Granath posted tweets to this effect based on what he called “a matter of public interest.” Granath said Wright issued a “Strategic Lawsuit Against Public Participation” (SLAPPs). According to the Business & Human Rights Resource…
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The revenue breakdown discloses a 1842.85% increase in operating income for FTX, from $14 million to $272 million in FY 2020-21.

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Uniswap price displayed almost no movement over the last 24 hours as the coin registered 0.8% downward movement on its chart. UNI was hovering around the $7 price level and was unable to break past its closest price ceiling. If the coin does not manage to move past the resistance level then it could lose its support line. Technical outlook for Uniswap price indicated that could it register further drop on the chart. Move to the above resistance level will be difficult as buyers have exited the market. Increased selling pressure can push Uniswap price to the next support level. Bitcoin price also fell considerably over the last 24 hours. The coin fell to $21,000 and the altcoins moved in the same direction. Broader market weakness have made Uniswap price remain at the current price level. The global cryptocurrency market cap today is at $1.07 Trillion, with a 1.0% negative change in the last 24 hours. Uniswap Price Analysis: Four Hour Chart UNI was trading for $7.01 at the time of writing. The overhead resistance for the coin stood at $7.57. Uniswap price has been unable to move past the price ceiling which is why the coin was met with selling pressure. A fall from the current price level will push Uniswap price to $6.90 immediately, if the coin cannot remain steady over the aforementioned level then the next price level stood at $5.99. Amount of Uniswap traded in the last session fell which meant that the selling pressure was high in the market. Technical Analysis UNI was moving laterally and this has caused selling pressure to mount on the four hour chart. It was also an indication that an upcoming fall in chart could be expected. The Relative Strength Index was in the oversold region however, over the last 24 hours the coin noted an uptick. Despite the uptick sellers were considerably higher than buyers on the four hour chart. Uniswap price was below the 20-SMA line which indicated that sellers were driving the price momentum in the market. Related Reading: Investor Sentiment Falls As Crypto Market Sheds $100 Billion UNI’s laterally trading had pushed price near to its immediate support level. The influx of sellers made technical indicator point towards a sell signal however over the last 24 hours the coin started to capture a buy signal. The Moving Average Convergence Divergence depicts the price momentum and reversal in the same. MACD underwent a bullish crossover with green histograms on the half-line which meant that there was buy signal for the coin. Bollinger Bands help understand the price volatility and chance of price fluctuation. Bands were wide open and parallel which suggested that price might witness a move up or down over the upcoming trading sessions. Related Reading: Tether Asset Reserves Figures Record Significant Plunge Compared To 2021 Featured image from Katoch Tubes, chart from TradingView.com