Author: dfmines

Ethereum gained pace above the $3,250 zone against the US Dollar. ETH price is correcting gains from $3,400, but dips might be limited in the near term. Ethereum started a strong increase above the $3,250 resistance zone. The price is trading above $3,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,380 resistance zone. Ethereum Price Gains Momentum Ethereum started a strong increase above the $3,250 resistance zone. ETH even broke the $3,300 resistance zone and the 100 hourly simple moving average to move further into a positive zone. The bulls even pumped the price above the $3,350 level. Ether price spiked above the $3,400 level and a new weekly high is formed near $3,412. It is now correcting gains and trading below $3,360. There was a break below the 23.6% Fib retracement level of the recent upward move from the $3,206 swing low to $3,412 high. Ether price is now trading above $3,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $3,300 on the hourly chart of ETH/USD. On the upside, an immediate resistance is near the $3,380 level. Source: ETHUSD on TradingView.com A clear move above the $3,380 level might start another increase in the near term. The next major resistance is near the $3,420 level, above which ether price could test $3,500. Any more gains could send the price towards the $3,550 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $3,380 level, it could start a downside correction. An initial support on the downside is near the $3,320 level. The first key support is now forming near the $3,300 level. It is near the 50% Fib retracement level of the recent upward move from the $3,206 swing low to $3,412 high. A downside break below the $3,300 level push the price towards the trend line support. Any more losses could lead the price towards $3,200. 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 above the 50 level. Major Support Level – $3,300 Major Resistance Level – $3,380

Hey all. I understand the basics behind gas fees. I'm trying to better understand them so I can be a little more efficient in how I transact. I've been following on Etherscan: https://etherscan.io/gastracker Can someone help me understand the difference between the three high/medium/low gas prices in the squares near the top and then the…
Read more

submitted by /u/Solodeji [link] [comments]

“We really wanted to model ourselves off NBA Top Shot. A community that was building collective value by bringing players underneath an individual umbrella,” said LÜM CEO and Founder Max Fergus.

Quite often you will hear a regulator such as the SEC or a ranking politician talk of making a high impact example of someone or some company. They think that if they can make a harsh example of someone through some kind of pressure (e.g., harassments by subpoena, compliance litigation, criminal charges, etc.), that the…
Read more

Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies. India Authorities Seize Assets in Alleged Crypto Scam Case India’s Enforcement Directorate (ED), a specialized financial investigation agency under […]

submitted by /u/CouchPra [link] [comments]

submitted by /u/Ciricath [link] [comments]

The Bank of America strategist stated that Solana is set to take a slice of Ethereum’s market share, due to its advantages of low transaction fees, scalability and ease of use.