There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed a cryptocurrency bill to be taken up in the current session of parliament. […]
Based on NFT and Metaverse sales over the past week, the demand for digital land outpaced all other items, art, and collections.
Singapore-based cryptocurrency exchange Phemex is celebrating its 2nd anniversary this November. It’s been an eventful couple of years for the derivatives platform, and with its Choose Your Reality event, this anniversary is going to be a memorable one. Phemex’s dedication to its users has created a thriving community, and to celebrate their impressive growth the […]
submitted by /u/miika_rantala [link] [comments]
Please be on the lookout for websites called eth2022, microstrategy, eth-invest as THEY ARE SCAMS to steal your hard earned ethereum. Do not fall for them. Seriously. This isn't the first time they have done this and there are a lot of live streams on youtube currently promoting them. They ask for some eth or…
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More and more traders are turning to DEX aggregators to seek out the best rates for token swaps.
The Singapore-based Bitget exchange has reportedly lost its license after a legal tussle with the agency for K-Pop boy band BTS.
Ethereum is facing resistance near the $4,250 zone against the US Dollar. ETH must stay above $4,000 to start a steady increase in the near term. Ethereum started a recovery wave after a major drop below $4,000. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear break above $4,250 and the 100 hourly SMA. Ethereum Price Recovers Losses Ethereum started a major decline after it broke the $4,250 support. ETH broke the $4,000 and $3,800 support levels. It traded as low as $3,327 and recently started an upside correction. There was a break above the $3,800 and $4,000 resistance levels. Ether price even climbed above the 50% Fib retracement level of the recent drop from the $4,662 swing high to $3,327 low. However, it is still trading below $4,250 and the 100 hourly simple moving average. Besides, there is a key bullish trend line forming with support near $4,150 on the hourly chart of ETH/USD. An initial resistance on the upside is near the $4,200 level. The first major resistance is near the $4,250 level. The next major hurdle is near the $4,350 level. It is near the 76.4% Fib retracement level of the recent drop from the $4,662 swing high to $3,327 low. Source: ETHUSD on TradingView.com A clear move above the $4,250 and $4,350 levels could send the price further higher. The next major resistance is near the $4,500 level. Any more gains could lift the price towards the $4,650 resistance zone in the near term. Fresh Drop in ETH? If ethereum fails to start a fresh increase above the $4,250 level, it could start another decline. An initial support on the downside is near the $4,150 level and the trend line. A downside break below the $4,150 support zone might start a steady decline. In the stated case, the price may perhaps decline towards the $4,000 level. The next major breakdown support is $3,820, below which the price could decline towards $3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $4,150 Major Resistance Level – $4,250
submitted by /u/Desperate_Day_8813 [link] [comments]
Every spike it’s “bull market” this or that, and every crash it’s “bear market” blah blah. In the past we’ve definitely had clear bull and bear markets at various times, but when you look at the past year or so things have been far too erratic to call any of it “bull” or “bear” market.…
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