Category: Cryptocurrency News

Ethereum gained pace for a move above the $4,000 zone against the US Dollar. ETH price is showing positive signs ad could rally above $4,200. Ethereum was able to clear the $4,000 and $4,050 resistance levels. The price is trading well above $4,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $4,000 to continue higher in the near term. Ethereum Price Regains Strength Ethereum formed a base above the $3,900 level to start a fresh increase. ETH was able to surge above the $4,000 resistance zone and the 100 hourly simple moving average. The bulls pumped the price above the $4,050 and $4,080 resistance levels. There was also a break above a key contracting triangle with resistance near $3,960 on the hourly chart of ETH/USD. A high was formed near $4,155 and the price started a downside correction. There was a break below the $4,100 support level. Ether even declined below the 23.6% Fib retracement level of the recent increase from the $3,896 swing low to $4,155 high. It is now trading well above $4,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $4,120 level. The next major resistance is near the $4,150 level. A clear upside break above the $4,150 level could push the price further higher in the near term. Source: ETHUSD on TradingView.com The next stop for the bulls could be $4,200, above which the price could rise to $4,250. Any more gains could send the price towards the $4,320 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,150 level, it could correct lower. An initial support on the downside is near the $4,050 level. The first key support is now forming near the $4,020 level. The 50% Fib retracement level of the recent increase from the $3,896 swing low to $4,155 high is also near the $4,020 zone. A downside break below the $4,020 and $4,000 levels could push the price towards the $3,920 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $4,020 Major Resistance Level – $4,150

There are a billion liquid ETH2 tokens out there, but from the US I can't access Binance's or Kraken's. I'm also more interested in decentralized pools namely Lido and Rocketpool with their stETH and rETH respectively. From what I understand, you surrender your ETH to their pools, receive the liquid token in return, and then…
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We are just the beginning.. I have personally been saying Crypto & NFT’s will pick up more traction due to companies forcing them into our pockets to a certain degree: One example is how Garbage Pail Kids mixed NFT pack claim cards into physical card packs, which is how i personally received my first nft’s…
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German prosecutors have hired a bank to “clean” cryptocurrency seized in criminal cases. “As the cryptocurrencies are related to crime, they are considered ‘contaminated coins’ and cannot be traded on mainstream exchanges,” the bank said. Bank Hired to Clean Cryptocurrency Seized in Criminal Cases The anti-cybercrime unit of the Frankfurt General Prosecutor in the German […]

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Bitcoin started a fresh increase above the $50,000 resistance against the US Dollar. BTC is showing positive signs and there could be more gains towards $52,000. Bitcoin gained pace after it broke the $49,500 resistance zone. The price is trading well above $50,000 and the 100 hourly simple moving average. There was a break a key declining channel with resistance near $48,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but dips might be limited below the $50,000 zone. Bitcoin Price Gains Momentum Bitcoin price formed a base and started a fresh increase above the $48,000 level. BTC gained pace for a move above the $48,200 level and the 100 hourly simple moving average. Besides, there was a break a key declining channel with resistance near $48,800 on the hourly chart of the BTC/USD pair. The pair rallied above the $50,000 resistance zone to move into a positive zone. The bulls were able to push the price above the $50,000 level. Bitcoin traded as high as $51,500 and currently consolidating gains. It is well above the 23.6% Fib retracement level of the recent increase from the $48,105 swing low to $51,500 high. It is also trading well above $50,000 and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $51,500 level. The next key resistance could be $52,000. A clear move above the $52,000 resistance zone could lift the price further higher. The next major stop for the bulls may possibly be near the $53,200 level. Dips Limited In BTC? If bitcoin fails to clear the $51,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $50,700 level. The first major support is near $50,000. It is near the 50% Fib retracement level of the recent increase from the $48,105 swing low to $51,500 high. A downside break below the $50,000 level could increase selling pressure in the near term. In the stated case, the price may perhaps decline towards the $48,800 support zone. 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 well above the 50 level. Major Support Levels – $50,700, followed by $50,000. Major Resistance Levels – $51,500, $52,000 and $53,200.

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