Category: Cryptocurrency News

Ethereum remained supported near the $2,150 zone against the US Dollar. ETH price is rising, but a close above $2,300 is important for upside continuation. Ethereum found support near $2,150 and it started a fresh increase. The price is back above the $2,200 zone and the 100 hourly simple moving average. There was a break above a major contracting triangle with resistance near $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to gain strength if there is a close above the $2,300 and $2,320 levels. Ethereum Price Resumes Upward Move Ethereum remained well bid above the $2,150 and $2,120 support levels, similar to bitcoin. ETH price formed a base above $2,150 and it started a fresh increase. There was a break above the $2,200 resistance the 100 hourly simple moving average. Ether surpassed the 50% Fib retracement level of the downside correction from the $2,431 swing high to $2,151 low. There was also a break above a major contracting triangle with resistance near $2,260 on the hourly chart of ETH/USD. The pair is now trading near the $2,300 resistance. The first major resistance is near the $2,320 level. It is near the 61.8% Fib retracement level of the downside correction from the $2,431 swing high to $2,151 low. Source: ETHUSD on TradingView.com A close above the $2,320 level could set the pace for more gains. The next major barrier for the bulls could be near the $2,400 level, followed by $2,420. Any more upsides might call for a test of the $2,500 resistance zone in the near term. Dips Limited in ETH? If Ethereum fails to continue higher above $2,300 and $2,320, it could start a fresh decline. An initial support on the downside is near the $2,250 level. The first major support is near the $2,220 level and the 100 hourly simple moving average. The main support is now forming near the $2,200 level. Any more losses could lead the price back towards the $2,150 support zone. If the bulls fail to protect the $2,150 support, there are high chances of a larger decline. The next major support sits near the $2,050 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $2,200 Major Resistance Level – $2,320

Trading volumes for ETH increased by 1,461% over the first half of 2020.

As you may already know, PureFi will conduct an IDO on both BSCPAD and Paid launchpads simultaneously. The IDO is dated to happen on the 27th of July, 2021. Due to the lack of experience with IDO specifically, PureFi wasn’t aware of so many potential scams one could attract in the early stages. Here are some of the examples of scams that have been threatening PureFi’s reputation: One of these scams has been an obvious outstanding “winner” in terms of fake concept development, and magical things promised to the users. This particular scam project promised to make one’s crypto-asset clear from dirty money (crypto spring cleaning project?) for an estimated fee. PureFi, together with disBalancer, joins forces to shut down the scammer’s website. We want to aware our users about scammers and: Check your domains carefully (!) None of the credible projects asks for users’ money publicly All the services provided are related to KYC and AML Stay safe, compliant and decentralized – that’s what we wish to all honest DeFi market players.   Image by OpenClipart-Vectors from Pixabay

Sustainably focused and vertically integrated Bitcoin mining company Stronghold Digital Mining has filed for a $100 million initial public offering with the United States Securities and Exchange Commission.

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The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency as payment while others are using the same to buy important supplies. Use of Sarafu […]

Popular crypto influencer Alex Saunders is under heavy criticism, with numerous associates levying accusations Saunders owes them significant sums of Bitcoin.

Elizabeth Warren slandered Bitcoin developers when she called them both shadowy and faceless. This kind of behavior sounds unbecoming of an elected official, and worse yet, it indicates that Warren has put little effort into talking with, reading about, or listening to all the people who use their time to improve the financial system by…
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Bitcoin price found support near $36,400 and it started a fresh increase against the US Dollar. BTC is showing positive signs and it could rally further above $40,000. Bitcoin remained well bid above the $36,400 and $36,500 support levels. The price is now trading well above $37,000 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $36,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to gain bullish momentum above the $40,000 resistance zone in the near term. Bitcoin Price Gains Pace Bitcoin price corrected lower from the $40,000 resistance zone. BTC declined below the $38,000 support level, but it remained well above the 100 hourly simple moving average. The bulls were active near the $36,400 and $36,500 support levels. A low was formed near $36,403 and the price is now rising. It broke the $37,000 and $38,000 levels. There was a clear break above the 50% Fib retracement level of the downward move from the $40,520 swing high to $36,400 swing low. It is now trading well above $37,000 and the 100 hourly simple moving average. Bitcoin seems to be positioned nicely above the 76.4% Fib retracement level of the downward move from the $40,520 swing high to $36,400 swing low. Source: BTCUSD on TradingView.com There is also a crucial bullish trend line forming with support near $36,800 on the hourly chart of the BTC/USD pair. On the upside, an initial resistance is near the $40,000 level. The first major resistance is near the $40,500 level. A successful break and close above the $40,500 level could spark a steady increase towards the $42,000 level in the near term. Dip Limited in BTC? If bitcoin fails to climb above the $40,000 and $40,500 resistance levels, it could start another downside correction. An initial support on the downside is near the $39,200 level. The first major support is now near the $38,800 zone. A clear downside break below the $38,800 support might call for a move towards the $37,500 level. The next major support is near the $37,000 zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level. Major Support Levels – $39,200, followed by $38,800. Major Resistance Levels – $40,000, $40,500 and $42,000.