What impact do you expect the Shanghai Upgrade to have on the adoption and usage of Ethereum by businesses and institutions?
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submitted by /u/DipToPeak [link] [comments]
Ethereum climbed higher and tested the $1,275 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh move above the $1,300 resistance. Ethereum struggled to climb higher above the $1,275 and $1,280 resistance levels. The price is now trading above $1,230 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if the price stays above the $1,220 support zone. Ethereum Price Remains Stable Ethereum price started a decent increase above the $1,220 level. ETH gained pace and was able to clear the $1,240 resistance zone, similar to bitcoin. The price even spiked above the $1,250 level and tested the $1,275 level. A high was formed near $1,271 and recently started a minor downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $1,204 swing low to $1,271 high. Ether price is now trading above $1,230 and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,260 level. The next major resistance is near the $1,270 level. A clear move above the $1,270 resistance could a decent increase. In the stated case, the price may perhaps rise towards the $1,320 resistance. The next major resistance could be $1,350, above which the price could rise towards the $1,450 resistance zone. Dips Supported in ETH? If ethereum fails to clear the $1,260 resistance, it could correct further lower. An initial support on the downside is near the $1,240 level. The next major support is near the $1,230 level and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $1,204 swing low to $1,271 high. A downside break below the trend line support might send the price towards the $1,200 support. Any more losses might call for a test of the $1,180 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $1,230 Major Resistance Level – $1,275
The market keeps expecting the next big drop, and everyone is sitting with cash on the sidelines. Is it really that important to wait for a further decline and then buy on the way up? Your buys on the way up will be at the same price as they are on the way down. My…
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The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms “as soon as possible.”
Bitcoin price started a downside correction from the $17,000 resistance. BTC found support near $16,750 and might soon attempt an upside break above $17,000. Bitcoin is showing bullish signs above the $16,600 and $16,750 levels. The price is trading above $16,750 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $16,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase if there is a close above the $17,000 resistance. Bitcoin Price Remains Supported Bitcoin price attempted a decent upward move above the $16,800 resistance level. BTC even spiked towards the $17,000 resistance zone, but there was no clear upside break. A high was formed near $16,987 and the price started a downside correction. There was a move below the $16,800 support zone. The price declined below the 50% Fib retracement level of the upward move from the $16,615 swing low to $16,987 high. However, bitcoin price found support near the $16,750 level. The 61.8% Fib retracement level of the upward move from the $16,615 swing low to $16,987 high is acting as a support. There is also a crucial bullish trend line forming with support near $16,750 on the hourly chart of the BTC/USD pair. The pair is stable above $16,750 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,900 level. Source: BTCUSD on TradingView.com The next major resistance is near the $17,000 zone. A clear move and close above the $17,000 resistance might start a strong increase in the near term. In the stated case, the price may perhaps rise towards the $17,550 level. Any more gains might call for a move towards the $18,000 level. Dips Supported in BTC? If bitcoin price fails to clear the $17,000 resistance, it could start a downside correction. An immediate support on the downside is near the $16,800 level. The next major support is near the $16,750 level and the trend line. A downside break below the $16,750 support might send the price towards the $16,500 level. Any more losses might call for a test of $16,350. 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 – $16,750, followed by $16,700. Major Resistance Levels – $16,900, $17,000 and $17,500.
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that it is “formally investigating whether the debtors and others violated the anti-fraud and other provisions of the federal securities laws.” SEC Intervenes in Binance-Voyager Asset Purchase Deal […]
The developer of a Mutant Ape Yacht Club knock-off collection has allegedly “defrauded” investors of $2.9 million and admitted to a rug pull.
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submitted by /u/Burntbubba [link] [comments]
This is and has always been the case regardless of HOW they make money or get paid, crypto is just another tool for them. They are being paid off by whoever to promote a coin or project and are scamming vulnerable users and younger people by telling them they are going to Moon soon and…
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