With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.
I sent some ETH from MetaMask to Coinbase. However after sending the transaction I saw that it says 'Dropped' beside the transaction. After watching a few videos I thought the issue was the gas fee so I sent some ETH to my wallet to deal with that issue. After sending the ETH to the MetaMask…
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Ethereum is attempting an upside correction above $1,325 against the US Dollar. ETH is facing a major resistance near the $1,380 and $1,400 levels. Ethereum started a minor upside correction above the $1,325 level. The price is now trading below $1,400 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover further if there is a clear move above the $1,400 resistance zone. Ethereum Price Recovers Slightly Ethereum extended losses and traded below the $1,300 level. ETH traded as low as $1,281 and recently started a short-term upside correction. There was a move above the $1,300 and $1,325 resistance levels. Ether price climbed above the 23.6% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD. The price even spiked above the $1,370 level. However, the bulls failed to gain strength above the 50% Fib retracement level of the downward move from the $1,475 swing high to $1,281 low. Ethereum is now trading below $1,400 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,380 level. The next major resistance is near $1,400 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com A clear break above $1,400 might send the price towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,480 resistance and a bearish trend line on the same chart. Fresh Drop in ETH? If ethereum fails to rise above the $1,400 resistance and the 100 hourly simple moving average, it could start a fresh decline. An initial support on the downside is near the $1,325 zone. The next major support is near $1,300. The main support sits at $1,280. A downside break below the $1,280 support might another sharp decline. In the stated case, ether price might decline towards the $1,200 level in the near term. 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 above the 50 level. Major Support Level – $1,325 Major Resistance Level – $1,400
Okay, I get it, I get it. Many blockchains have risen and fallen over time but none of them have been able to truly overcome the blockchain trilemma of decentralization, speed, and scalability. I've gone ahead and represented this trilemma in a graphic so that we can better understand the issue at hand. https://preview.redd.it/r58v9cf3vxo91.png?width=960&format=png&auto=webp&s=1c5dd483a550d79c893a8b1996d31b565411dffb Fortunately,…
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The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to the government,” the Department […]
submitted by /u/cryptosperm [link] [comments]
YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in.
submitted by /u/Yesomi [link] [comments]
The SEC argues that as ETH validators are concentrated more densely in the United States, ETH transactions are seen as taking place in the country.
Bitcoin started an upside correction from the $18,223 low against the US Dollar. BTC climbed above $19,000, but it is now facing resistance near the 100 hourly SMA. Bitcoin traded as low as $18,223 before it started an upside correction. The price is still trading below $20,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the trend line and the 100 hourly SMA to continue higher towards $20,500. Bitcoin Price Recovers Above $19,000 Bitcoin price extended losses after it settled below the $19,000 level. BTC broke the $18,500 support zone and traded as low as $18,223. There was no test of the $18,000 zone and the price started an upside correction. There was a steady increase above the $18,500 and $18,800 levels. The price was able to clear the 50% Fib retracement level of the downward move from the $20,198 swing high to $18,223 low. Bitcoin price even spiked above the $19,500 resistance zone. However, the bears were active near the $19,600 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $19,650 on the hourly chart of the BTC/USD pair. The trend line is near the 76.4% Fib retracement level of the downward move from the $20,198 swing high to $18,223 low. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $19,600 level and the trend line. The next major resistance sits near the $20,000 level. Any more gains might send the price towards the $20,500 resistance zone. Furthermore, if the bulls remain in action, the price could test $21,200. Fresh Decline in BTC? If bitcoin fails to continue higher above the $19,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,200 zone. The next major support is near the $18,850 level. A clear move below the $18,850 and $18,800 levels might open the doors for a move towards the $18,223 low or even to a new low. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $19,200, followed by $18,850. Major Resistance Levels – $19,600, $19,650 and $20,500.
