Author: dfmines

Ethereum remained supported above the $3,650 zone against the US Dollar. ETH must clear the $3,850 and $3,900 resistance levels to continue higher in the near term. Ethereum started a fresh increase above the $3,700 and $3,750 resistance levels. The price is now trading above $3,800 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it clears the key $3,920 resistance zone. Ethereum Price Remains Supported Ethereum started a downside correction after it failed to stay above the $3,900 zone. ETH declined below the $3,800 support zone and the 100 hourly simple moving average. The price even spiked below the $3,750 support zone. A low was formed near $3,678 and the price is now rising. It broke the $3,780 resistance zone. There was a break above the 50% Fib retracement level of the recent drop from the $3,893 swing high to $3,678 low. Ether is now trading above $3,800 and the 100 hourly simple moving average. The price is now testing the 61.8% Fib retracement level of the recent drop from the $3,893 swing high to $3,678 low. There is also a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,840 level. The next major resistance is near the $3,920 level, above which the price might start a fresh rally. In the stated case, the price could attempt a clear break above the $4,000 resistance zone. The next major support sits near the $4,120 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,840 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,780 level and the 100 hourly SMA. The first key support is now forming near the $3,720 level and the triangle lower trend line. If there is a downside break below the $3,720 support, the price could decline further. The next key support is near $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 above the 50 level. Major Support Level – $3,720 Major Resistance Level – $3,920

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submitted by /u/Evening-Discount185 [link] [comments]

So as most of us know in here bitcoin closed at its weekly ATH which is amazing. It is now been building a massive amount of support before it begins its next leg up. When we reached our last all time high of 64K it was driven in the end by retail investors and FOMO…
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submitted by /u/imecEndifab [link] [comments]

DeFi users appear to be choosing Arbitrum over Optimism for scaling as Uniswap’s layer-two volume presses into record highs.

Registered investment advisors (RIAs) with about $110 trillion under management can now offer their clients cryptocurrency trading through Interactive Brokers. RIAs manage portfolios of almost 61 million clients. Registered Investment Advisors Can Now Offer Cryptocurrencies to Clients Global investment firm Interactive Brokers Group (Nasdaq: IBKR) announced Monday the launch of cryptocurrency trading for registered investment […]

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

Mining seems.. incredibly wasteful? It really doesn't seem prudent to keep a graphics card running 24hrs to net about $2~. Surely I'm using more energy than the cost is worth. What makes mining even remotely worthwhile this late into it? submitted by /u/getintheVandell [link] [comments]