Category: Cryptocurrency News

Ethereum declined sharply from the $1,500 resistance zone against the US Dollar. ETH is down over 10% and there could be more losses towards the $1,200 support. Ethereum started a fresh decline after it failed to clear the $1,500 resistance zone. The price is now trading below $1,400 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate further lower below the $1,300 support zone in the near term. Ethereum Price Starts Fresh Drop Ethereum failed to gain strength for a move above the $1,480 and $1,500 resistance levels. ETH formed a top near the $1,475 level and started a fresh decline. There was a steady decline below the $1,400 level and the 100 hourly simple moving average. The price even traded below the $1,350 and $1,320 support levels. There was a drop over around 10% and the price traded as low as $1,288. Ether price is now consolidating losses above the $1,280 level and below the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,335 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,474 swing high to $1,288 low. The next major resistance is near the $1,360 and $1,380 levels. There is also a key bearish trend line forming with resistance near $1,360 on the hourly chart of ETH/USD. It is near the 50% Fib retracement level of the recent decline from the $1,474 swing high to $1,288 low. Source: ETHUSD on TradingView.com A clear break above $1,380 might send the price towards the $1,440 level. Any more gains may perhaps open the doors for a move towards the $1,480 resistance in the near term. More Losses in ETH? If ethereum fails to rise above the $1,360 resistance, it could continue to move down. An initial support on the downside is near the $1,300 zone. The next major support is near $1,260. A downside break below the $1,260 support might another sharp decline. In the stated case, ether price might decline towards the $1,200 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,300 Major Resistance Level – $1,360

Curious to hear community's thoughts on most compelling Ethereum based projects based on idea/use-case, application, technology and team. Back in the days, examples were ChainLink, Uniswap, Maker, AAVE etc. submitted by /u/Sharp_Tank05 [link] [comments]

Let's say someone decides to create an identical platform to Reddit but with a very particular change… this version of Reddit has some play-to-earn features. In this hypothetical scenario, this imaginary platform would be free to use, however, to start earning their crypto you would have to buy a $100 NFT from them first. The…
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According to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining operations. The Mohawk Council of Kahnawake (MCK) created a new organization to research crypto-mining opportunities that could be added to the council’s economic development portfolio. […]

Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market.

When transferring Ethereum, can I choose a gas price of less than 1 Gwei? For example, 0.01Gwei. I knew this was impossible, but unfortunately I couldn't confirm it through Googling. Thanks in advance. submitted by /u/gotificial [link] [comments]

Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders.

Bitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000. Bitcoin started a fresh decline and traded below the $19,500 support. The price is now trading below $19,200 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now at a risk of a move towards the $18,000 support zone in the near term. Bitcoin Price Starts Fresh Decline Bitcoin price failed to surpass the $20,500 resistance level. BTC started a fresh decline and traded below the $20,000 and $19,500 support levels. Besides, there was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC/USD pair. The pair accelerated lower below the $19,200 level and the 100 hourly simple moving average. It even declined below $19,000 and traded as low as $18,706. Bitcoin price is now consolidating losses below $19,200 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $19,050 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low. The next major resistance sits near the $19,350 level. It coincides with the 50% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low. Source: BTCUSD on TradingView.com The main barrier is now forming near the $20,000 zone and the 100 hourly simple moving average. A close above the $20,000 resistance might start a fresh increase. In the stated case, the price may perhaps rise towards $21,200. More Losses in BTC? If bitcoin fails to start a recovery wave above the $19,050 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,700 zone. The next major support is near the $18,550 level. A clear move below the $18,700 and $18,550 levels might open the doors for a move towards the $18,000 level. 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 – $18,700, followed by $18,550. Major Resistance Levels – $19,050, $19,300 and $19,500.

Is there a way to calculate the bottom price if everyone sold and the only owned eth was the locked staked eth? submitted by /u/Darwing [link] [comments]

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