Category: Cryptocurrency News

Ethereum price is attempting to recover from the $2,500 zone. ETH might gain bullish momentum if it clears the $2,740 resistance zone. Ethereum started a fresh decline below the $2,700 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,740. Ethereum Price Eyes Upside Break Ethereum price started a fresh decline after it failed to clear the $2,920 resistance, like Bitcoin. ETH declined below the $2,800 and $2,700 support levels to move into a short-term bearish zone. The price dipped and tested the 50% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. The bulls appeared near the $2,525 zone. The price is now moving higher and attempting a fresh increase above the $2,600 level. Ethereum price is now trading below $2,700 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,700 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,700 level. The first major resistance is near the $2,740 level. The main resistance is now forming near $2,850 or $2,910. A clear move above the $2,910 resistance might send the price toward the $2,950 resistance. An upside break above the $2,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,700 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,525 zone. A clear move below the $2,525 support might push the price toward the $2,440 support or the 61.8% Fib retracement level of the upward wave from the $2,125 swing low to the $2,922 high. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,240. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,525 Major Resistance Level – $2,700

Bitcoin price is consolidating above the $96,200 support zone. BTC is showing a few positive signs and might attempt to rally above $99,000. Bitcoin started a decent recovery wave above the $95,000 level. The price is trading above $96,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $98,000 zone. Bitcoin Price Eyes Fresh Increase Bitcoin price failed to continue higher above the $100,500 zone. It started another decline below the $97,500 zone. BTC gained bearish momentum for a move below the $96,000 and $95,000 levels. There was also a spike below the 61.8% Fib retracement level of the upward wave from the $91,000 swing low to the $102,500 high. The price tested the $95,000 zone and recently recovered some losses. There was a move above the $96,000 level. Bitcoin price is now trading above $97,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $98,000 level. There is also a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $99,000 level. The next key resistance could be $100,000. A close above the $100,000 resistance might send the price further higher. In the stated case, the price could rise and test the $101,200 resistance level. Any more gains might send the price toward the $102,500 level. Another Decline In BTC? If Bitcoin fails to rise above the $98,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,500 level. The first major support is near the $95,500 level. The next support is now near the $93,700 zone or the 76.4% Fib retracement level of the upward wave from the $91,000 swing low to the $102,500 high. Any more losses might send the price toward the $92,000 support in the near term. The main support sits at $91,000. 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 above the 50 level. Major Support Levels – $96,500, followed by $95,500. Major Resistance Levels – $98,000 and $100,000.

Nasdaq is seeking SEC approval to list the Coinshares XRP ETF, arguing that XRP’s deep liquidity and decentralized structure reduce manipulation risks. Nasdaq Seeks SEC Approval for Coinshares XRP ETF The Nasdaq Stock Market LLC has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Coinshares […]

Cardano has faced significant volatility and selling pressure as the broader crypto market struggles to establish strong support levels. Since early December, Cardano has dropped over 61%, with its price action reflecting a persistent downtrend that has shaken investor confidence. Despite several attempts, the price has yet to show clear signs of reversing the bearish momentum that has dominated its performance over the past months. Related Reading: Ethereum Stuck Below $2,800 Resistance – Bulls Need A Higher Low To Recover Currently, Cardano is trading at a critical level, one that must hold to spark a potential change in its market trajectory. The importance of this level cannot be overstated, as losing it could lead to further declines and heightened uncertainty for ADA investors. However, hope remains on the horizon for Cardano bulls. Top crypto analyst Ali Martinez has shared a promising technical signal, revealing that Cardano is beginning to show signs of a potential rebound on the daily chart. According to Martinez, key indicators are aligning to suggest that a recovery could be in the making, offering a glimmer of optimism for traders and long-term holders alike. The coming days will be crucial for Cardano, as it remains at a crossroads that could determine whether the current trend continues or a much-needed rebound finally takes shape. Cardano Could Start A Recovery Cardano could be on the verge of a recovery rally as it finds strong demand at current levels, with bears unable to push the price into lower demand zones. After months of persistent selling pressure and bearish sentiment, Cardano appears to be stabilizing, creating an opportunity for bulls to regain control. However, reclaiming key levels above the $0.72 mark will be critical to confirming the start of a meaningful recovery. Adding to this optimism, top analyst Ali Martinez recently shared a technical signal on X, indicating that Cardano may be poised to rebound. Martinez highlighted that the TD Sequential indicator has flashed a buy signal on the daily chart, a development that has caught the attention of many ADA investors. The TD Sequential is a widely used technical analysis tool designed to identify potential price reversals and points of trend exhaustion, making it a valuable indicator during volatile market conditions. This positive signal offers a glimmer of hope for Cardano investors who have been waiting for a rally, not just for ADA but also across the altcoin market. If bulls can hold the current demand level and push the price above $0.72, a recovery rally could gain momentum in the coming weeks.  Related Reading: Ethereum Stuck Below $2,800 Resistance – Bulls Need A Higher Low To Recover Breaking through this key level and sustaining higher prices will likely attract more buyers and fuel bullish sentiment, potentially marking the start of a new upward trend. However, failure to reclaim key levels could result in extended consolidation or further declines, making the next few days crucial for Cardano’s price trajectory. ADA Price Testing Crucial Demand Cardano (ADA) is currently trading at $0.69 after enduring days of selling pressure and heightened volatility. Last Monday’s dramatic 38% drop, followed by an impressive 60% recovery, showcased the intensity of the current market conditions. However, despite the swift rebound, ADA has struggled to reclaim the $0.85 level, a critical resistance zone that bulls must conquer to establish a sustainable uptrend. For Cardano to gain momentum, it is essential for bulls to hold current price levels and push the price above the 200-day exponential moving average (EMA), which stands at $0.7225. This EMA serves as a crucial indicator of long-term strength, and a reclaim above it would signal renewed bullish momentum. Breaking above this level could pave the way for a rally, potentially bringing ADA closer to challenging the $0.85 mark again. Related Reading: Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns Failing to hold the current price or reclaim the 200-day EMA could lead to further consolidation or even another leg down, as market sentiment remains fragile. The coming days will be critical for ADA as it tests its ability to maintain support and establish a bullish trend. Investors will closely watch these key levels, as holding and breaking above them could signal the start of a recovery rally. Featured image from Dall-E, chart from TradingView

A search of the apartment in the Spanish town of Estepona where the broker was held by the kidnappers uncovered two firearms, knives, drugs and over $10,000 in cash.

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Tesla’s SEC filing reveals 11,509 bitcoin worth $1.119 billion, with a $589 million unrealized gain under new accounting rules, reinforcing its bullish crypto position. Tesla Reports $1.07 Billion in Bitcoin Tesla Inc. filed its annual 10-K report with the U.S. Securities and Exchange Commission (SEC) on Jan. 29 for the fiscal year ended Dec. 31, […]

NYSE Arca has filed on behalf of Grayscale to launch the firm’s first-ever standalone Cardano ETF product.

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