Author: dfmines

Ethereum and Solana are Beating Bitcoin – Here’s Why – Nigel Green – deVere CEO https://youtube.com/watch?v=7ZHyJs4_VhU&feature=youtu.be submitted by /u/cryptoplatforms [link] [comments]

Ethereum gained pace above the $4,550 resistance against the US Dollar. ETH is trading above $4,700 and it could accelerate further higher in the near term. Ethereum is trading in a bullish zone above the $4,550 level. The price is now well above $4,650 and the 100 hourly simple moving average. There was a break above a major ascending channel with resistance near $4,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,650 support level in the near term. Ethereum Price Rallies Above $4,700 Ethereum remained stable above the $4,500 level and started a fresh increase. ETH broke the $4,600 level to move further into a bullish zone. There was a clear break above the $4,650 level and the 100 hourly simple moving average. Besides, there was a break above a major ascending channel with resistance near $4,560 on the hourly chart of ETH/USD. The pair climbed to a new multi-week high above the $4,700 level. It traded as high as $4,774 and is currently correcting lower. It is trading above the 23.6% Fib retracement level of the upward move from the $4,352 swing low to $4,774 high. Source: ETHUSD on TradingView.com An initial resistance on the upside is near the $4,775 level. The first major resistance is near the $4,800 level. A close above the $4,775 and $4,800 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $5,000 level. Any more gains could lift the price towards the $5,200 zone in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,800 level, it could start a downside correction. An initial support on the downside is near the $4,675 level. The first key support is now forming near the $4,550 level. It is near the 50% Fib retracement level of the upward move from the $4,352 swing low to $4,774 high. A downside break below the $4,550 support zone could p a sharp ush the price further lower. In the stated case, the price is likely to revisit the $4,400 support zone and the 100 hourly simple moving average. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now correcting lower towards the 60 level. Major Support Level – $4,550 Major Resistance Level – $4,775

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We all get it and don't like it as much as you. The posts are low quality content and are all the same. submitted by /u/Jmp-U235 [link] [comments]

Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain.

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