Category: Cryptocurrency News

Ethereum gained bearish momentum below the $3,720 support against the US Dollar. ETH price tested $3,600 and currently struggling to recover higher. Ethereum started a major decline below the $3,850 and $3,750 support levels. The price is trading below $3,800 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,715 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,500 to avoid more downsides in the near term. Ethereum Price Extends Decline Ethereum failed to stay above the $3,880 and $3,850 support levels. ETH extended decline and traded below the key $3,750 support zone. There was a sharp move below the $3,700 level and the price settled below the 100 hourly simple moving average. It traded as low as $3,602 and is currently consolidating losses. An immediate resistance on the upside is near the $3,655 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,827 swing high to $3,602 low. The next major resistance is near the $3,715 level. There is also a key bearish trend line forming with resistance near $3,715 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the recent decline from the $3,827 swing high to $3,602 low. To start a decent recovery, the price must clear the $3,715 resistance. Source: ETHUSD on TradingView.com In the stated case, the price could rise towards the $3,850 level or the 100 hourly simple moving average. Any more gains could send the price towards the $4,000 level. More Downsides in ETH? If ethereum fails to start a fresh increase above the $3,715 level, it could continue to move down. An initial support on the downside is near the $3,600 level or the recent low. The first key support is now forming near the $3,550 and $3,500 levels. A downside break below the $3,550 and $3,500 levels could put a lot of pressure on the bulls. In the stated case, the price could decline towards the $3,200 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is near the 30 level. Major Support Level – $3,600 Major Resistance Level – $3,715

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There's so much that history can teach us and cryptocurrency is not an exception. It's so interesting to scroll the old posts about Bitcoin and see people's opinions and whether they turned out as accurate or if we end up feeling sorry for them. You people are seriously not thinking clearly. – 8 Years Ago…
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The Crypto Street Restaurant accepts all crypto assets for food payments at its store, and has nothing but five star reviews so far.

Justin Sun seems to be clearing house and is dumping an insane amount of ETH on Binance. Over 165,000 ETH dumped Even after selling so much, his public wallet still holds around $ 3.3 bn in funds. https://debank.com/profile/0x3ddfa8ec3052539b6c9549f12cea2c295cff5296 In the past several years, he created cult like shitcoins like Tron, BTT etc and kept huge…
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The BlockbusterDAO wants to raise at least $5 million to buy the iconic video rental brand from Dish Network and turn it into a streaming film studio.

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Bitcoin extended decline below the $47,500 support zone against the US Dollar. BTC could recover, but upsides might be limited above $47,500. Bitcoin started a fresh decline below the $48,500 and $47,500 support levels. The price is trading below $48,000 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $47,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above $48,000 in the near term. Bitcoin Price Extends Decline Bitcoin price failed to recover above $48,800 and started another decline. BTC traded below the $48,500 and $47,500 levels to move further into a bearish zone. The decline gained pace below the $47,000 level. A low is formed near $46,120 and the price is now consolidating losses. Bitcoin is trading below $48,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $46,600 level. It is near the 23.6% Fib retracement level of the recent drop from the $48,123 swing high to $46,120 low. The first major resistance is near the $47,200 level. There is also a key declining channel forming with resistance near $47,150 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent drop from the $48,123 swing high to $46,120 low. Source: BTCUSD on TradingView.com A clear move above the $47,500 resistance zone could start a fresh increase. The next major resistance is near the $48,500 level, where the bears might emerge. Any more gains could send the price towards the $50,000 level. More Losses In BTC? If bitcoin fails to recover above $47,200, it could continue to move down. An immediate support is near the $46,200 zone. The first major support is near $46,000. A downside break below the $46,000 level could push the price towards the $45,500 support. Any more losses may possibly lead the price towards the $45,000 support zone, below which there is a risk of a larger decline in the coming sessions. 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 well below the 40 level. Major Support Levels – $46,200, followed by $45,500. Major Resistance Levels – $47,200, $47,500 and $48,500.

Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He also predicts that crypto will outperform equities in the foreseeable future. Investment Adviser Expects Crypto to Outperform Equities Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed his outlook for the crypto and equity markets in […]