Category: Cryptocurrency News

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Ethereum started a fresh increase above the $3,000 resistance against the US Dollar. ETH price is now consolidating gains and it could surge further above $3,200. Ethereum found support near $2,900 and it started a fresh increase. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume its rally once it clears the $3,200 and $3,300 resistance levels. Ethereum Price Eyes More Upsides Ethereum started a minor downside correction below the $3,000 support. However, ETH price remained well bid near the $2,900 level and the 100 hourly simple moving average. A low was formed near $2,891 and the price started a fresh increase, similar to bitcoin. Ether was able to climb back above the $3,000 and $3,050 resistance levels. There was a break above a key bearish trend line with resistance near $2,980 on the hourly chart of ETH/USD. The pair even cleared the $3,150 level, but it is again struggling to clear the $3,200 resistance zone. A high is formed near $3,191 and the price is now consolidating gains. There was a break below the 23.6% Fib retracement level of the recent wave from the $2,891 swing low to $3,191 high. Ether tested the $3,050 support, where the bulls appeared. The 50% Fib retracement level of the recent wave from the $2,891 swing low to $3,191 high is also near $3,050. On the upside, an immediate resistance is near the $3,150 level. The next key resistance is near the $3,200 level. Source: ETHUSD on TradingView.com A clear break and close above the $3,180 and $3,200 resistance levels might start another increase. In the stated case, the price could rally above $3,300. The next stop for the bulls may possibly be near the $3,480 level. Dips Supported in ETH? If ethereum fails to continue higher above the $3,180 and $3,200 resistance levels, it could start a fresh downside correction. An immediate support on the downside is near the $3,080 level. The next major support is near the $3,040 level. The main support is now forming near $3,000 and the 100 hourly SMA. Any more losses could lead the price towards the $2,880 support zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,040 Major Resistance Level – $3,200

Refinable, a leading NFT marketplace, today announced the Refinable Gaming Initiative, an industry-specific program aimed at deepening its collaboration with the gaming developer community, supporting NFT communities with a community push to Play-To-Earn (P2E) initiatives within NFT gaming. Refinable’s decision reflects the incredible momentum in its marketplace as it relates to gaming NFTs. The company’s […]

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The most expensive EtherRock up for resale is priced at a whopping $1.9 billion.

Bitcoin price started a fresh increase above the $45,000 resistance zone against the US Dollar. BTC is likely to continue higher towards the $48,000 level in the near term. Bitcoin found support near $42,800 and it started a fresh increase above $44,000. The price is now trading above $45,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $44,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is consolidating gains and it could accelerate higher above the $46,500 zone. Bitcoin Price Regains Strength Bitcoin price corrected lower below the $43,500 level, similar to ethereum. However, BTC remained well bid near $43,000 and $42,800. It traded as low as $42,855 and recently started a fresh increase. There was a clear break above the $44,000 resistance zone. Besides, there was a break above a major bearish trend line with resistance near $44,000 on the hourly chart of the BTC/USD pair. The pair is now trading above $45,000 and the 100 hourly simple moving average. It even surpassed the $46,000 resistance zone. A high is formed near $46,510 and bitcoin is now consolidating gains. An immediate support is near the $45,650 level. It is near the 23.6% Fib retracement level of the recent wave from the $42,855 swing low to $46,511 high. Source: BTCUSD on TradingView.com There is also a rising channel forming with support near $45,650 on the same chart. On the upside, an initial resistance is near the $46,200 level. The first key resistance is near the $46,500 level. A clear break above the $46,500 resistance zone might trigger another increase. The next major resistance is near the $47,200 level. Any more gains could lead the price towards the $48,000 level. Dips Limited in BTC? If bitcoin fails to climb above the $46,500 and $47,200 resistance levels, it could start a downside correction. An initial support on the downside is near the $45,650 level. The first major support is now near the $45,250 zone. The next major support could be $44,680. It is near the 50% Fib retracement level of the recent wave from the $42,855 swing low to $46,511 high. Technical indicators: Hourly MACD – The MACD is slowly 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 – $45,650, followed by $44,680. Major Resistance Levels – $46,500, $47,200 and $48,000.