Category: Cryptocurrency News

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Ethereum started a fresh decline from the $3,080 resistance against the US Dollar. ETH price traded below the key $3,000 support and even declined below $2,920. Ethereum failed to clear $3,080 and started a fresh decline. The price is now trading below $3,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $3,030 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near the $2,950 level. Ethereum Price Breaks Key Support Ethereum attempted a fresh increase above the $3,050 level and the 100 hourly simple moving average. However, ETH failed to gain strength above the $3,080 level. A high was formed near $3,082 and the price started a fresh decline. There was a clear move below the $3,050 support level and the 100 hourly simple moving average. Besides, there was a break below a key rising channel with support near $3,030 on the hourly chart of ETH/USD. The pair traded below the $3,000 support zone. More importantly, there was a move below the $2,920 support. A low is formed near $2,896 and ether is now consolidating losses. On the upside, an initial resistance is seen near the $2,940 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,082 swing high to $2,896 low. The next major resistance is near the $2,980 and $3,000 levels. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $3,082 swing high to $2,896 low is also near the $2,990 level. A close above the $3,000 level and the 100 hourly simple moving average might start a decent recovery wave. The next major resistance could be near the $3,050. More Losses in ETH? If ethereum fails to start a recovery wave above the $3,000 level, it could continue to move down. An initial support on the downside is near the $2,900 zone. The next major support is near the $2,850 level. If there is a downside break below the $2,850 support, the price could start another decline. In this scenario, there is a risk of a move towards the $2,780 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 30 level. Major Support Level – $2,900 Major Resistance Level – $3,000

So bad news and good news. The bad news is we broke out of the channel towards the bottom. The good news is we haven't broken through a known support level yet, and the price can jump back up into the channel https://preview.redd.it/dlbsmzac18u81.png?width=1477&format=png&auto=webp&s=0d689d68f1a5dcd0dfab89260c866088c38effec There isn't enough data right now, so keep that in mind. I…
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A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk business as secret as possible to attract a clientele that would pay top dollar for […]

I started Ethereum on my local machine with geth –syncmode light –http, the light sync did complete and the log says: INFO [04-18|07:01:37.267] HTTP server started endpoint=[127.0.0.1:8545](https://127.0.0.1:8545) auth=false prefix= cors= vhosts=localhost I couldn't connect with Firefox MetaMask plugin: When I add http://localhost:8545 into the configuration it always complains: ​ https://preview.redd.it/f3w4y6e338u81.png?width=1358&format=png&auto=webp&s=b06686b4485bb2e399f28462ee308f8fbc51f66e I downloaded MyEtherWallet and running…
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Hyundai also gave cryptic clues to a possible Metaverse in line with its earlier concept for robots to bridge the real and virtual worlds to enhance mobility.

UST market cap has surged to flip BUSD, however, its trading volumes are still only around one-fifth worth of the Binance digital dollar.

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The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral.

Bitcoin is still struggling below $41,500 against the US Dollar. BTC remains at a risk of more downsides below the $39,000 support zone. Bitcoin is showing bearish signs below the $40,500 and $41,500. The price is now trading below $40,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $40,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline if there is a clear move below the $39,000 support zone. Bitcoin Price Resumes Decline Bitcoin price remained below the key $41,500 resistance zone. BTC seems to be trading in a range above the $39,000 level and below the $41,500 resistance zone. The last swing low was formed near $39,600 before the price started an upside correction. There was a move above the $40,000 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $41,548 swing high to $39,600 low. However, the price faced a strong resistance near the $40,500 level and the 100 hourly simple moving average. Bitcoin also struggled near the 50% Fib retracement level of the downward move from the $41,548 swing high to $39,600 low. There is also a key bearish trend line forming with resistance near $40,180 on the hourly chart of the BTC/USD pair. An immediate resistance on the upside is near the $40,200 level. Source: BTCUSD on TradingView.com The next key resistance could be $40,380 and the 100 hourly SMA. To start a recovery wave, the price must clear the $40,380 zone and the 100 hourly SMA. In the stated case, the price may perhaps rise towards the $40,850 resistance zone. Any more gains could set the pace for a move towards the main $41,500 hurdle in the near term. More Losses in BTC? If bitcoin fails to clear the $40,180 resistance zone, it could start another decline. An immediate support on the downside is near the $39,600 level. The next major support is seen near the $39,180 level. A downside break below the $39,180 support zone could accelerate losses. In the stated case, the price could decline towards the $38,800 level or even $38,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $39,600, followed by $39,180. Major Resistance Levels – $40,180, $40,400 and $41,500.