Author: dfmines

Ethereum found support near $3,080 and recovered higher against the US Dollar. ETH price is now struggling to clear the $3,200 resistance and the 100 hourly SMA. Ethereum found support near $3,080 and it started a fresh upward move. The price is now facing resistance near $3,200 and the 100 hourly simple moving average. There was a break below a short-term ascending channel with support near $3,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue lower if it fails to stay above the $3,150 support zone. Ethereum Price Fails Near $3,200 Ethereum extended its decline below $3,120, but the bulls were active near $3,075 and $3,080. ETH price traded as low as $3,078 and it recently started an upside correction, similar to bitcoin. There was a break above the $3,120 and $3,150 resistance levels. Ether surpassed the 23.6% Fib retracement level of the main drop from the $3,380 swing high to $3,078 low. The price even spiked above the $3,200 resistance the 100 hourly simple moving average. However, the price failed to stay above $3,200. It was rejected near the 50% Fib retracement level of the main drop from the $3,380 swing high to $3,078 low. There is also a possible inverse head and shoulders pattern forming with support near $3,150. Source: ETHUSD on TradingView.com On the upside, an initial resistance is near the $3,200 level. The main resistance is now forming near $3,220 and the 100 hourly simple moving average. A clear break above the $3,220 resistance might open the doors for a steady increase. The next key resistance is now forming near the $3,300 level. Any more gains may possibly call for a move towards the $3,380 level in the near term. More Losses in ETH? If ethereum fails to continue higher above the $3,200 and $3,220 resistance levels, it could extend its decline. An immediate support on the downside is near the $3,150 level. The next major support is now forming near the $3,120 zone. A downside break below the $3,120 support zone could accelerate losses. In the stated case, the price may possibly drop towards the $3,080 zone or even $3,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is still below the 50 level. Major Support Level – $3,130 Major Resistance Level – $3,220

Young Americans are choosing crypto over mutual assets and ETFs to invest their stimulus checks.

Right now, there’s renewed global interest in cryptocurrencies as investment vehicles. That has a lot to do with the lengthy bull run the market has seen of late. And the addition of multiple DeFi investing platforms over the past year has helped, too. But for all of the attention the market’s getting, it remains an […]

At least one bank appears to have changed course after OnlyFans went public about banks blocking payments.

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The Dust Attack A worthless token or so-called Dust is sent out to your wallet. It’s a completely worthless cryptocurreny. The intention is to make the user believe they were lucky by receiving an airdrop or accidental transaction. They are then directed to a website to withdraw/sell the funds by targeting private keys or identities.…
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