Author: dfmines

Ethereum is consolidating near the $3,000 zone against the US Dollar. ETH price could start a fresh rally if it clears $3,020 and $3,050. Ethereum corrected lower, but it found support near the $2,950 zone. The price is now trading above $2,950 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if it clears the $3,020 and $3,050 resistance levels in the near term. Ethereum Price Stuck Below Resistance Ethereum extended its increase above the $3,000 level. ETH even tested the $3,050 zone before correcting lower, similar to bitcoin. There was a downside correction below the $3,000 support level. There was a break below the 23.6% Fib retracement level of the upward move from the $2,782 swing low to $3,050 low. However, downsides were limited below the $2,950 level. Ether price is now trading above $2,950 and the 100 hourly simple moving average. There is also a key contracting triangle forming with resistance near $3,020 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,020 level. The first major resistance is near the $3,050 level. A break above the $3,050 level could start a steady increase. The next main resistance is still near the $3,150 and $3,165 levels, above which the price might accelerate higher. Fresh Decline in ETH? If ethereum fails to continue higher above the $3,020 and $3,050 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $2,980 level. The first key support is now forming near the $2,950 level and the 100 hourly simple moving average. If ether fails to stay above $2,950, there is a risk of a sharp drop. In the stated case, the price might decline towards the $2,800 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is still above the 50 level. Major Support Level – $2,950 Major Resistance Level – $3,050

The extreme heat of the summer has subsided, so crypto mining has been given the green light as it can no longer be blamed for stressing the electricity grid.

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Following the announcement of a few days ago, the decentralized multiverse platform OVR, which unites the physical and virtual worlds through Augmented Reality, has launched “The ARwards” contest open to all creators who are looking for an opportunity to gain wide visibility and possibly win interesting prizes. First of all, The ARwards is completely free […]

Talking about a digital asset plan being cooked up by a Senate inquiry, Senator Andrew Bragg said, “We will want the major parties, including my party, to adopt these policies as part of their election manifestos.”

Billy Markus, the co-founder of Dogecoin, explained on Wednesday that an Ethereum bridge to the Doge network would bolster the dogecoin ecosystem. Markus also said that non-fungible token (NFT) markets “would help Dogecoin” as well. Dogecoin Co-Creator Thinks 2 Ideas Could Help the Doge Network The popular crypto asset dogecoin (DOGE) has gained a whopping […]

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The crypto tax will begin for South Koreans in 2022 but some industry observers say there is no cause for concern.

Buying/holding Crypto is a big F*ck you to China. One day in the future, China will have their Communist Coin, and it will blow up like crazy since their people will be forced to use it. The only way to fight Communist Coin is by continuing to support Capitalist Coins by choosing to invest in…
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