Author: dfmines

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Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms. The document describes that the use of unauthorized platforms might constitute a suspicious activity, which could ostensibly lead to penalties of $15,000 for its customers. Sunacrip […]

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Hi r/ethereum! I wanted to take a minute to bring to your attention the Nexo Card – the ETH/Crypto-backed card which lets you spend without selling your digital assets, and introduce myself. As I'm a part of the team that recently launched the product and have been working on its marketing ever since I would…
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On Thursday, Warner Bros. announced it was collaborating with the non-fungible token (NFT) focused social media platform Nifty’s and at the end of June, the two firms will launch a story-driven NFT collection called “Looney Tunes: What’s Up Block?” The upcoming NFTs will tell a unique Looney Tunes storyline and will also celebrate the character […]

Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”

The country’s main electricity producer has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility near the capital, Nairobi.

Ethereum found support near $1,760 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,850 and $1,880. Ethereum is slowly moving higher and trading above $1,800. The price is now trading below $1,880 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh decline unless there is a clear move above $1,880 and $1,920. Ethereum Price Faces Resistance Ethereum extended decline below the $1,850 support zone. It even spiked below the $1,800 before the bulls appeared near the $1,760 zone. A low was formed near $1,762 and the price started a recovery wave. The price climbed above the $1,800 resistance level. Ether price even moved above the 23.6% Fib retracement level of the downward move from the $2,015 swing high to $1,762 low. However, the bears are currently protecting more gains above the $1,850 level. It is also trading below $1,880 and the 100 hourly simple moving average. On the upside, an initial resistance is near the $1,860 level and the 100 hourly simple moving average. The next major resistance is near the $1,880 zone. It is near the 50% Fib retracement level of the downward move from the $2,015 swing high to $1,762 low. Source: ETHUSD on TradingView.com There is also a major bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD. A clear move above the trend line and the $1,920 resistance might start a decent increase. In the stated case, the price could revisit $2,000, above which it could test $2,050. Fresh Decline in ETH? If ethereum fails to recover above the $1,920 resistance, it could start another decline. An initial support on the downside is near the $1,800 zone. The next major support is near the $1,760 level. A clear move below the $1,760 level might spark a major decline. The next major support might be $1,720. Any more losses could send the price towards the $1,650 level in the near term. 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 struggling to clear the 50 level. Major Support Level – $1,760 Major Resistance Level – $1,920