Category: Cryptocurrency News

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Ethereum price extended its decline below $1,950 against the US Dollar. ETH could start a fresh increase if it clears the $1,960 and $2,000 resistance levels. Ethereum traded further lower below the $1,950 support. The price is trading below $1,960 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $1,950 and $1,960 levels. Ethereum Price Consolidates Losses Ethereum’s price started a fresh decline from the $2,125 resistance zone. ETH gained bearish momentum after it broke the $2,000 support, similar to Bitcoin. The bears even pushed the price below the $1,950 support. A low is formed near $1,910 and the price is now consolidating losses. Ether is now trading below $1,960 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,950 zone. There is also a key bearish trend line forming with resistance near $1,950 on the hourly chart of ETH/USD. The 23.6% Fib retracement level of the key decline from the $2,124 swing high to the $1,910 low is also just above the trend line. An upside break above the trend line resistance and then $1,960 might send Ethereum toward $2,000. The next major resistance is near the $2,020 zone or the 50% Fib retracement level of the key decline from the $2,124 swing high to the $1,910 low. A close above the $2,020 resistance zone could start a fresh increase. Source: ETHUSD on TradingView.com In the stated case, the price could rise toward the $2,080 resistance. Any more gains could send Ether toward the $2,125 resistance in the near term. More Losses in ETH? If Ethereum fails to clear the $1,95s0 resistance, it could continue to move down. Initial support on the downside is near the $1,920 level or the recent low. The next major support is near the $1,900 zone, below which ether price might gain bearish momentum. In the stated case, the price might decline toward $1,860. Any more losses may perhaps send the price toward $1,820 in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $1,920 Major Resistance Level – $1,960

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Bitcoin price is moving lower below $29,000. BTC could extend losses below $28,000 and revisit the $27,200 support zone in the near term. Bitcoin remained in a bearish zone below the $29,500 support zone. The price is trading below $29,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $28,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $28,000 support zone. Bitcoin Price Extends Losses Bitcoin price started a fresh decline from the $30,500 resistance zone. BTC traded below the $30,000 and $29,500 levels to move into a short-term bearish zone. The bears gained strength below the $29,000 level. They were able to push the price toward the $28,000 support zone. A low is formed near $28,009 and the price is now consolidating losses. Bitcoin price is now trading well below $29,000 and the 100 hourly Simple moving average. Immediate resistance is near the $28,500 level. There is also a major bearish trend line forming with resistance near $28,500 on the hourly chart of the BTC/USD pair. The 23.6% Fib retracement level of the downward move from the $30,461 high to the $28,009 low is also just above the trend line. The first major resistance is forming near the $28,800 level. The next major resistance is near the $29,250 zone. Source: BTCUSD on TradingView.com It is close to the 50% Fib retracement level of the downward move from the $30,461 high to the $28,009 low. A move above the $29,250 resistance might call for a decent increase. In the stated case, the price may perhaps revisit the $30,000 zone. Any more gains could open the doors for a test of $30,500. More Losses in BTC? If Bitcoin’s price fails to clear the $28,500 resistance, it could continue to move down. Immediate support on the downside is near the $28,100 level. The next major support is near the $28,000 zone. A downside break and close below the $28,000 support might push the price toward the $27,400 support. Any more losses might push Bitcoin toward $27,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $28,000, followed by $27,200. Major Resistance Levels – $28,500, $28,800, and $29,250.

A University of Tehran professor and member of Iran’s Presidential Delegation to China has stressed the importance of de-dollarization for the international community. “The dollar has been used as a weapon by the U.S. against different countries. It is unreliable and it is dangerous,” the professor warned. Iranian Professor Stresses the Importance of De-Dollarization Professor […]

Some pundits shared harsh sentiment towards a new euro-pegged stablecoin, but it’s not publically accessible for the time being.

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]

So everybody is probably aware of all the issues with the Gen 3 drop of collectible avatars. Nyan Cat being one avatar that many people tried to mint but due to issues with the shop never received their avatars. Reddit made a post a few days ago informing user about how to obtain a refund…
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