Author: dfmines

The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using “money surrogates” as officials have previously called cryptocurrencies. Bank of Russia […]

There are multiple reasons why it's hurting us. ETH 2.0 is a set of major upgrades, and as such when people ask about it, it feels like it will never arrive. If they were to ask on the merge/sharding, that is much easier/simpler to answer. Another reason is the question I hate so much: "Do…
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Ethereum gained traction and broke the $3,400 resistance zone against the US Dollar. ETH price is showing positive signs and it could even surpass the $3,500 level. Ethereum started a decent increase above the $3,350 and $3,400 resistance levels. The price is now trading above $3,400 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now consolidating gains and it could even surpass the $3,500 level in the near term. Ethereum Price is Eyeing More Gains Ethereum formed a base above the $3,200 level and started a fresh increase. ETH was able to clear the $3,350 resistance level and the 100 hourly simple moving average. There was also a break above a crucial bearish trend line with resistance near $3,360 on the hourly chart of ETH/USD. It opened the doors for a move above the main $3,400 resistance level. Ether extended its move above the $3,420 level and tested the $3,450 level. A high is formed near $3,450 and the price is now consolidating gains, similar to bitcoin. It is also trading well above the 23.6% Fib retracement level of the recent increase from the $3,115 swing low to $3,450 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,420 level. The first major resistance is near the $3,450. A clear break above the $3,450 level could push the price further higher. The next major resistance sits near $3,500. Any more gains could set the pace for a move towards the $3,650 level. Dips Supported in ETH? If ethereum fails to continue higher above the $3,420 and $3,450 resistance levels, it could start a downside correction. An initial support on the downside is near the $3,380 level. The next major support seems to be forming near the $3,350 level. Any more downsides might call for a test of the 50% Fib retracement level of the recent increase from the $3,115 swing low to $3,450 high. The next stop for the bears might be near the $3,240 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,350 Major Resistance Level – $3,450

I jumped on the crypto train in 2017 after reading a post about someone becoming an overnight millionaire with Antshares/Neo. I knew what Bitcoin and Ethereum was, but after reading that post I spent the better part of a week researching crypto. Naturally, I thought I was an instant professional trader. Because I was new…
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As the $ADA bull market continues to gather steam – with new price records set each month – many within the Cardano community are asking, what’s next? The limitless possibilities within the Cardano ecosystem offer many opportunities for both project creators and their investors. But financial and informational asymmetries have always been a major limiting […]

PrimeDAO has raised $2 million from DeFi funds that share its vision for a collaborative platform enabling cooperation between decentralized autonomous organizations.

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