Category: Cryptocurrency News

Ethereum gained pace and retested the $1,300 resistance zone against the US Dollar. ETH is eyeing more gains towards the $1,330 and $1,350 levels. Ethereum remained well bid above the $1,240 level and resumed its increase. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum once it settles above the $1,300 resistance zone. Ethereum Price Gains Momentum Ethereum price corrected lower once from the $1,300 resistance zone. ETH declined below the $1,280 support level. However, the bulls were active above the $1,240 level and the 100 hourly simple moving average, similar to bitcoin. The price traded as low as $1,238 and recently started a fresh increase. Ether price traded above the $1,275 and $1,280 resistance levels. It cleared the 76.4% Fib retracement level of the downward move from the $1,296 swing high to $1,238 low. Besides, there was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,310 level. The first major resistance is near the $1,332 level. It is near the 1.618 Fib extension level of the downward move from the $1,296 swing high to $1,238 low. A close above the $1,332 resistance might send the price further higher. Source: ETHUSD on TradingView.com The next major resistance is near the $1,350 level, above which ether price might test $1,400. Any more gains might send the price towards the $1,500 resistance zone. Less Downsides in ETH? If ethereum fails to start another increase above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the broken trend line. The next major support is near the $1,265 level or the 100 hourly simple moving average. If there is a break below $1,265, the price could test the $1,240 support. Any more losses could lead the price towards the $1,200 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,265 Major Resistance Level – $1,310

“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice […]

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I never see people talk about this so let’s do it. You’ve just opened your metamask or setup your ledger nano device. (Or other) Don’t just write down your 12 or 24 word seed phrase on a piece of paper. If someone finds your piece of paper, they’ll have direct access to all of your…
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With the record mint day for Reddit avatar NFTs, there are now around 4.4 million Reddit NFTs in circulation.

Bitcoin price gained pace for a fresh move above $17,000. BTC is rising and might climb higher towards the $18,000 resistance zone. Bitcoin started a fresh increase above $17,000 and $17,200 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair seems to be eyeing a move towards the $17,650 resistance or even $18,000. Bitcoin Price Restarts Increase Bitcoin price found support near the $16,800 zone after a downside correction. BTC remained well bid and started a fresh increase above the $17,000 resistance zone. It even broke the $17,150 level and settled above the 100 hourly simple moving average. The price gained pace above the 76.4% Fib retracement level of the downward move from the $17,315 swing high to $16,784 swing low. Besides, there was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. It is trading near the $17,250 level. On the upside, an immediate resistance is near the $17,350 level. The first major resistance is near the $17,450 zone, above which the price may perhaps start another steady increase. In the stated case, the price could rise towards the $17,650 resistance. It is near the 1.618 Fib extension level of the downward move from the $17,315 swing high to $16,784 swing low. Source: BTCUSD on TradingView.com The next major resistance is near $18,000, above which the price could attempt a move towards the $18,500 zone in the near term. Dips Limited in BTC? If bitcoin fails to start a fresh increase above the $17,350 resistance, there could be more downsides. An immediate support on the downside is near the $17,150 level. The next major support is near the $17,000 zone and the 100 hourly simple moving average. A downside break below the $17,000 support might call for a move towards $16,750. Any more losses might call for a test of the key $16,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the overbought zone. Major Support Levels – $17,150, followed by $17,000. Major Resistance Levels – $17,350, $17,450 and $18,000.

The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology. Blackrock’s CEO on FTX’s Collapse and Future of Crypto Larry Fink, the CEO of Blackrock Inc. (NYSE: BLK), the world’s largest […]

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An unverified photo purportedly shows Caroline Ellison making an order at a New York cafe, leading to questions as to why she is back on US soil.

There are numerous ways to improve your own personal security, a hardware wallet is not right for everyone and isn't a magic bullet. Educate yourself on how the blockchain, and how commonly used wallets function. Make decisions on storing seed phrases and private keys based on your own personal set of circumstances and preferences. Please…
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