Category: Cryptocurrency News

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The bulls for Ethereum are back on the chart, the altcoin has appreciated over the last 24 hours. Bitcoin’s northbound movement has helped Ethereum gain some of its lost value. Other altcoins have also followed a similar trading pattern. Ethereum recently touched the $1500 mark but at press time, the coin was placed slightly below the aforementioned level. In the past week, Ethereum registered close to 30% increase in its value. The new week has made market movers trade in the green. With consistent increase in price, Ethereum left behind the $1280 resistance mark which the coin previously struggled to move past. It faced resistance at the aforementioned level a couple of times. Buying strength also returned into the market which further helped ETH to maintain its price action. For ETH to solidify its bullish stance, its important Ethereum maintains its price above the $1500 mark. With Bitcoin moving over $22,000 and ETH touching $1500, market capitalisation also soared. The global cryptocurrency market cap today was at $1.04 Trillion after more than a month with a positive 3% change in the last 24 hours. Ethereum Price Analysis: Four Hour Chart ETH was trading at $1476 at the time of writing. It was moving very close to the $1500 mark which it touched few trading sessions ago. Overhead price ceiling was at $1500, and climbing above the same could intensify ETH’s bullish stance. On the flipside, if Ethereum witnesses a correction, It would first fall to $1300 and then to $1100 respectively. ETH has continued to register higher highs which is a sign of a price uptrend. Amount of Ethereum traded declined which meant that buyers dominated the market. Technical Analysis ETH has recovered in terms of buying strength over the past week. Buying pressure has consistently built up and remained that way. The Relative Strength Index was over the overbought territory as buyers continued to dominate. In the same vein, ETH’s price was above 20-SMA portraying that buyers were driving the price momentum on the four hour chart. Not only that, price of the altcoin was stationed above the 50-SMA and 200-SMA lines too, this marked bullish strength for the king of altcoins. Related Reading | Liquidations Cross $230 Million As Ethereum Barrels Past $1,400 Growth in buying strength is often synonymous with increased capital inflows of an asset. The indicator pictured the same reading on the above chart. Chaikin Money Flow registers capital inflows and outflows. The indicator was above the half-line which meant that capital inflows were more compared to capital outflows on the four hour chart. Awesome Oscillator marks the price direction and potential reversal too. AO displayed green histograms and that signified buyers were back as it also can be interpreted as buy signal for Ethereum. Push above the $1500 mark remains important for ETH along with buyers assistance in the market. Related Reading | TA: Ethereum Outpaces Bitcoin, Why ETH Could Rise To $1,500 Featured image from UnSplash, chart from TradingView.com

I've been keeping my coins on Coinbase (I know not your keys, not your coins, but sometimes momentum or lack there of wins and so there they have stayed since purchasing), but all this recent news is making me really question the wisdom of that, so I'd like to store them someplace safer that won't…
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Nasdaq-listed cryptocurrency exchange Coinbase has obtained regulatory approval to offer crypto services in Italy. “Coinbase is committed to bringing the power of our full product suite to customers across Europe,” the company said. Coinbase Approved in Italy Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Monday that it has secured regulatory approval to provide crypto services in […]

Lawyers for the bankrupt crypto lender reaffirmed that user funds essentially belonged to the company and not the user, with potentially one major exception.

Bitcoin gained pace above the $22,000 resistance against the US Dollar. BTC could rise further towards $23,000 if it stays above the $21,500 support. Bitcoin is up over 5% and there was a move above the $22,000 resistance zone. The price is now trading above the $21,800 level and testing the 100 hourly simple moving average. There is a key connecting bullish trend line forming with support near $21,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to rise if it clears the $22,500 and $22,600 levels. Bitcoin Price Gains Momentum Bitcoin price remained supported above the $20,500 zone. The price started a decent increase and was able to clear the $21,500 resistance zone. The bulls even pumped the price above the $22,000 resistance zone. The price traded as high as $22,766 and settled above the 100 hourly simple moving average. Recently, there was a downside correction below the $22,500 level. Bitcoin dipped below the 50% Fib retracement level of the upward move from the $20,748 swing low to $22,766 high. However, the bulls were active near the $21,500 support zone and the 100 hourly simple moving average. The price stayed above the 61.8% Fib retracement level of the upward move from the $20,748 swing low to $22,766 high. There is also a key connecting bullish trend line forming with support near $21,800 on the hourly chart of the BTC/USD pair. On the upside, bitcoin price could resistance near the $22,500 level. The next key resistance is near the $22,750 zone. A close above the $22,750 resistance zone could set the pace for more upsides. In the stated case, the price may perhaps rise towards the $23,000 level. The next major resistance sits near the $23,500 level. Dips Supported in BTC? If bitcoin fails to clear the $22,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $21,800 level. The next major support now sits near the $21,500 level and the 100 hourly SMA. A clear move below the $21,500 support might send the price towards $20,500. 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 above the 50 level. Major Support Levels – $21,800, followed by $21,500. Major Resistance Levels – $22,500, $22,750 and $23,000.

I deposited $1000 as USD in voyager two days before we were unable to mane withdraws. Once this was frozen, I called my bank to see if I can put a stop or reversal on this charge, since I am unable to access that $1000. The money went back to my checking account a couple…
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Strong technical indicators for the price of ethereum suggest that the bull run might only be beginning. Ethereum Has Bottomed? Ethereum [ETH] has had a recovery over the previous five days from its month-long demand zone in the $1,049 range. As a result of the recent run of green candlesticks, ETH is now under bullish control for the immediate future. At this time, the price of ethereum is $1,563. In response to the bear’s year-long suppression, the bulls are indicating a fierce retaliation. If the bears are unable to halt the bullish trend, ETH price will likely continue increasing towards $1,650. It has set a big objective mark at $1,450. ETH/USD trades at $1,563. Source: TradingView ETH lost more than half of its value in just nine days when it was in its previous downturn phase (from 10 June). As a result, on June 19, the alt drew closer to its 17-month low. However, the bulls promptly confirmed the $1,049-zone demand zone and promoted an up-channel (yellow) resurrection in the 4-hour timeframe. As a result of the increased bullishness, the 20 EMA (red) moved above the 200 EMA (cyan). The bears may attempt to test the $1,390 level again if they recover from the 61.8 percent level. A further breakdown from the up-channel could lead to a retest of the 20 EMA to the north before a likely recovery. Investors who took part in the bullish knife-catching trading setup from last week are 35 percent in the black. At $1,304, bulls looking to join the market would be invalidated. The price of Ethereum might drop by 45 percent if the bears break through this barrier and proceed to tumble toward $970. Related Reading | TA: Ethereum Outpaces Bitcoin, Why ETH Could Rise To $1,500 Is Merge Pushing Price? Since the Merge schedule was made public, trading activity in the ETH market has increased. Podcaster Luke Martin claimed in a tweet that the price spike was prompted by the news of the ETH merger. “The ETH merge trade begins: ever since the merge timeline update it has outperformed.” Merge’s schedule might still be extended past the predetermined date, though. This mostly depends on how well the Goerli merging is implemented. Crypto VC expert Haseeb Qureshi predicted that the merge timeframe would be delayed. Related Reading | Liquidations Cross $230 Million As Ethereum Barrels Past $1,400 Featured image from iStock Photo, charts from TradingView.com

Fake crypto apps appear to be part of an ongoing game of whack-a-mole with app store operators.

The BEP-2 and ERC-20-based variants are being swapped out for the upgraded native RUNE token after THORChain’s long-awaited mainnet late last month.