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Ethereum Price Recovery

Ethereum Price Technical Analysis Can Eth/usd Recover Further?

Ethereum Price Technical Analysis Can Eth/usd Recover Further?

Ethereum Price Technical Analysis Can ETH/USD Recover Further? ETH price declined further and traded as low as $806 against the US Dollar before starting a recovery. There is a major bearish trend line forming with resistance at $850 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently correcting higher, but it is facing many resistances such as $850 and $875. Ethereum price fell sharply against the US Dollar and Bitcoin. ETH/USD is currently recovering, but it wont be easy for the pair to gain upside momentum. There was a minor recovery initiated yesterday from the $850 swing low in ETH price against the US Dollar. The price traded higher, but it could recover above the $880-900 resistance zone. It resulted in a downside move and the price traded below $850. It declined by more than $40 and traded close to $800. A low was formed at $806 from where the price started an upside correction. It has moved above the 38.2% Fib retracement level of the last drop from the $895 high to $806 low. However, there are many resistances on the upside near $850. The stated $850 level was a support earlier and now it could prevent further gains. Moreover, there is a major bearish trend line forming with resistance at $850 on the hourly chart of ETH/USD. The 50% Fib retracement level of the last drop from the $895 high to $806 low is also around the same $850 level. Therefore, a break above the $850 level may ignite further recoveries in the near term. The next major resistance on the upside is at $875 followed by $880. On the downside, an initial support is at $828. Below the mentioned $828, the price may retest the $806 swing low. Hourly MACD The MACD is slowly reducing its bearish slope. Hourly RSI The RSI has recovered nicely recently, but it is still well b Continue reading >>

Best Bitcoin And Ethereum Price Prediction For Today: Potential Recovery In A High Pressure Environment

Best Bitcoin And Ethereum Price Prediction For Today: Potential Recovery In A High Pressure Environment

BTC/USD wins its last short-term support back and avoids danger for now. ETH/USD also takes levels back but could lose all supports. Yesterday was a recovery from minimums session. BTC/USD price established above $7,300, above the SMA 100 that sets now the short-term support. Meanwhile, ETH/USD, which is in a trickier technical setting, managed to maintain $400, the last support level above an free of obstacles abyss that would take it to October's price levels around $300. BTC/USD is in the early European morning at $7,356. It lies on the SMA 100, that coincides with the March 19 support. It needs to move clearly above this level to definitely avoid negative technical scenarios. The SMA and EMA structure signals a possible consolidation around $7,300 and $7,800. We could apply a trading strategy using the SMA 100 and SMA 200 as entry and take profit levels. There are extensions to price action levels at $8,075 and $7,100. The 120 min MACD is in the positive zone, crossed to the downside, as yesterday. It signals a possible walk to $7,200 followed by a bullish move, although not in the best shape to break resistances. The Directional Movement Index still shows purchases dominating and a sales decrease in the last hours. Both are above the ADX, so the scenario is not especially insightful. The ADX gets the 20 level back and favors a slightly bullish trend this week. Ethereum followed Bitcoin's yesterday movements closely, but the levels it lost leave almost no margin of error. A slightly strong bearish trend would put ETH/USD in a risky situation. It hasn't been able to reach the SMA 100, and is now enclosed between this moving average and the 50 EMA, in a range between $400.00 and $409.81. Right now, these are the reference levels and the trigger for any decision to ta Continue reading >>

Ethereum Price Today In Gbp And Usd Latest News As Coin Struggles Amid Cryptocurrency Downturn

Ethereum Price Today In Gbp And Usd Latest News As Coin Struggles Amid Cryptocurrency Downturn

Ethereum price today in GBP and USD latest news as coin struggles amid cryptocurrency downturn Players canbuy and sell virtual cats for as much as $10,000 withCryptoKitties based on the digital currency Ethereum DESPITE showing signs of recovery last week, digital currency Ethereum is slumping again with a value of 642.96 ($895.44). Overall, however, Ethereum has seen a dramatic turnaround since February 5, when its value slumped to just $578.43. Even still, this is way off its January 14 peak of $1,370.18. Here's everything you need to know about what's going on. The value of Bitcoin is been incredible volatile in 2018 CryptoKitties, dubbed the next big cryptocurrency, is a new application built on the Ethereum chain. It was launched on Thanksgiving and became available for transactions in December. Players canbuy and sell virtual cats for as much as $10,000, in a bid make hundreds of thousands more in real value. Users purchase their collectable kitties with Ethereum, and then breed them to create more kitties. Virtual kittens available for purchase on Ethereum's blockchain Each cat has its own set of genes, uniquely coded as "Cattributes". Users will make more money if their cat's genes are appealing to other players. The players can make two of their own kitties breed a third, or they can pay another user to mate with theirs - if they're looking for particular characteristics. But the kittens have a cool down period, restricting how fast they can make new ones, in a bid to limit inflation. Two boys arrested after CCTV showed thugs stamping on tram passenger 100 times Is the cryptocurrency as valuable as Bitcoin? Bitcoin has been struggling massively in 2018 and seen its value drop by up to half in what has been called the "biggest bubble in history". It's yet to be Continue reading >>

Ethereum Price Forecast: Eth/btc Raises Important Question About Crypto Recovery

Ethereum Price Forecast: Eth/btc Raises Important Question About Crypto Recovery

Home Cryptocurrency Ethereum Ethereum Price Forecast: ETH/BTC Raises Important Question About Crypto Recovery Ethereum Price Forecast: ETH/BTC Raises Important Question About Crypto Recovery Gaurav S. Iyer, IFC Profit Confidential 2018-02-09T08:06:29Z 2018-02-09 08:06:29 ethereum news ethereum price forecast ethereum prices eth prices ethereum to usd ethereum to bitcoin eth/btc eth price prediction As the Ethereum to Bitcoin rate hovers around 0.1 BTC, investors run the risk of forgetting what happened in January. Yes, there was a crash, but Ethereum had also started to decouple from Bitcoin. We need that trend to restart if ETH is to fulfill our Ethereum price forecast for 2018. Ethereum [caption id="attachment_114312" align="alignleft" width="300"] On Friday morning, ETH prices moved sideways against the U.S. dollar, rising a measly 0.03%.This brought the Ethereum to USD exchange rate to $835.90. But that number is completely boring. I am much more interested in the Ethereum to Bitcoin rate, which rose 1.83% to 0.1 BTC. Heres what I find fascinating.The ETH/BTC ratio only jumped above 0.1 BTC in January 2018. It was an important milestone because it recognized that Ethereum prices were moving independently from Bitcoin. Investors werent lumping the two cryptos together.This decoupling is crucial to Ethereums long-term success.Investors need to see ETH as fundamentally different than Bitcoin. If they can treat it as a hedge to Bitcoin, run to it in times of uncertainty, and insulate it from Bitcoins woesthen we know an Ethereum rally is genuine. However, investors got something like collective amnesia from the recent market crash. They are treating Bitcoin Cash as the main counterweight to Bitcoin, rather than Ethereum. As a result, ETH and BTC prices are back to movi Continue reading >>

The Cryptocurrency Market Has Been A Bloodbath In March, But Recovery May Not Be Far Off

The Cryptocurrency Market Has Been A Bloodbath In March, But Recovery May Not Be Far Off

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. Bitcoin, the largest cryptocurrency by market cap, is trading at $7,076 a 7% decrease in the last 24 hours and a 34.6% decrease on a monthly basis. The second largest coin, Ethereum, is being absolutely pummeled, having dropped 5% to $398 in the last 24 hours, and losing more than half of its value (55.1%) since March 1. And none of the other major cryptocurrencies fared much better. SEE ALSO: This space heater mines cryptocurrency while keeping your house warm A part of this price drop can be explained by an onslaught of bad news, mostly having to do with increased regulatory scrutiny of ICOs (initial coin offerings) and cryptocurrency trading in most of the world's markets. The fact that Facebook, Google and Twitter all banned cryptocurrency-related ads on their platforms didn't help. Other recent news, including a rumor of a new mining chip being built for Ethereum (which could make it more centralized) as well as an important, bearish technical indicator called the " death cross " happening on Bitcoin's charts, have certainly contributed. It's hard to shake the feeling, however, that the prices have recently been going down regardless of the news cycle. Edward Cooper, Head of Mobile at Revolut , seems to think so. "I dont think the recent market movements in the crypto space are particularly related to any current news story. The price swings in crypto that are caused by news stories are generally much more extreme than we are seeing now," he told Mashable via e-mail. "Its a natural cooling off period following an unprecendented bull run towards the latter part of 2017." There's certainly been a fair Continue reading >>

Bitcoin Price - Live Updates: Value Spike Boosts Ethereum And Other Cryptocurrencies

Bitcoin Price - Live Updates: Value Spike Boosts Ethereum And Other Cryptocurrencies

Bitcoin price - live updates: Value spike boosts ethereum and other cryptocurrencies John McAfee reveals why he charges $105,000 for a tweet The price of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in the cryptocurrency. After peaking at close to $20,000 in December, bitcoin's value fell to below $10,000 within a matter of weeks. This precipitated a market-wide crash that saw the price of ethereum, ripple and other leading cryptocurrencies tumble. More recently, bitcoin has shown signs of recovery but its price remains volatile. Its price is expected to continue to fluctuate unpredictably, and this live blog will be regularly updated with the latest news and significant changes. We spoke to some cryptocurrency experts to get their take on the unprecedented surge Why did bitcoin price spike? Experts explain extreme cryptocurrency value change Bitcoin is notoriously volatile. Since its inception in 2009, the cryptocurrency has experienced staggering price rises and vertical freefalls that often defy explanation - with some analysts deferring to a 2013 meme describing it as magic internet money. But even with this spiky history, bitcoins sudden price surge on 12 April was unprecedented. In less than 60 minutes, bitcoins value shot up by more than $1,000, driven by the biggest one hour trade volume in history of over a billion dollars worth of bitcoin. Against some analyst's expectations, bitcoin has maintained its recent price gains. Bitcoin is currently hovering just above $8,000, representing a 17 per cent gain since this time yesterday. The price of bitcoin has provided a well-needed boost for the cryptocurrency market,according to CoinMaretCap . Of the top five most-valuable cryptocurrencies,EOS experienced the biggest gains over th Continue reading >>

Ethereum Price Technical Analysis Eth/usd Recovery Underway

Ethereum Price Technical Analysis Eth/usd Recovery Underway

Ethereum Price Technical Analysis ETH/USD Recovery Underway ETH price started a fresh upside move from the $826 swing low against the US Dollar. There was a break above a crucial bearish trend line with resistance at $848 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may continue to move higher as long as it is above the $840 level. Ethereum price is recovering nicely against the US Dollar and Bitcoin. ETH/USD may continue to rise towards the next resistances near $865 and $870. After a steady decline , ETH price found buyers near the $825 level against the US Dollar. The price formed a low at $826 and later it started an upside move. It recovered and traded above the $840 resistance level. The best part was a break and close above the $848 resistance and the 100 hourly simple moving average. These are positive signs with a major support on the downside near $840. During the upside move, there was a break above a crucial bearish trend line with resistance at $848 on the hourly chart of ETH/USD. The pair traded as high as $855 before correcting a few points. It tested the 23.6% Fib retracement level of the last wave from the $826 low to $855 high. However, the broken trend line, the $848 support and the 100 hourly simple moving average acted as key supports. Moreover, on the downside, the 50% Fib retracement level of the last wave from the $826 low to $855 high is at $841. Therefore, the $840-841 zone is a major support area. On the upside, the price is facing a couple of important resistance levels such as $865 and $870. A break and close above the $870 level could clear the path for more gains. Hourly MACD The MACD is now back in the bullish zone. Hourly RSI The RSI is now moving higher towards the 65 level. Continue reading >>

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate Ethereum Improvement Proposal #867 has been closed and then reopened for discussion, with Github users posting negative opinions about it. The Ethereum Improvement Proposal (EIP) that led to the resignation of an EIP editor over his personal legal concerns has been closed, but an identical proposal has been reopened on Github to relatively negative fanfare. The original EIP proposal #867 was introduced by Musiconomi developer Dan Phifer as an option for how to more easily modify the Ethereum (ETH) Blockchain to redistribute address balances in the circumstance of lost funds. EIP editor Yoichi Hirai had criticized the draft for what he saw as its violation of a Japanese law about the creation of electromagnetic records, as well as it being at odds with Ethereum philosophy. When the original proposal was closed, the Ethereum Reddit community responded positively in a thread that congratulated the community, one user calling it a big win for the Ethereum community and network. Comments on Github on the opened version of proposal #867 showed the polarity of users views on standardizing lost fund recovery. User oxidizer called the proposal a Trojan horse for Ethereum, writing that adding a recovery mechanism, no matter the amount of refinement and "safeguards" put in place, weakens the protocol. User Aribo went into more detail about the functions of the Ethereum philosophy, stating that fund recovery is not the responsibility of the systems developers: Instilling the recovery of funds as a necessary function of the system is IMO misunderstanding the function of the system. Ethereum is not a bank or a private company that has profits/losses and investments. If someone loses money in the economic system cr Continue reading >>

Bitcoin Price Holds Above $8,500 As Market Fights To Cement Recovery

Bitcoin Price Holds Above $8,500 As Market Fights To Cement Recovery

Bitcoin Price Holds Above $8,500 as Market Fights to Cement Recovery Join our community of 10 000 traders on Hacked.com for just $39 per month. The Bitcoin price held above $8,500 on Tuesday as the market fought to cement yesterdays widespread recovery. On Monday, the cryptocurrency market cap swelled by $45 billion , with virtually every top-tier cryptocurrency experiencing a double-digit percentage advance against the US dollar. The market ebbed from its intraday high leading into Tuesday morning, but it is still valued at $326 billion , which represents a 24-hour increase of four percent. This recovery has correlated with a decrease in the likelihood that the present G20 summit will produce a meaningful international framework on cryptocurrency regulations, though it is unclear what direct impact this development has had on the market writ-large. The Bitcoin price lagged the index slightly on Tuesday, rising three percent to $8,513 on Hong Kong-based cryptocurrency exchange Bitfinex. Bitcoin now has a market cap of $145.1 billion, which translates into a 44 percent share of the index. The Ethereum price , meanwhile, fared even worse, rising less than one percent for the day to a present value of $531. Ethereum now has a $52.6 billion market cap, providing the second-largest cryptocurrency with a market share of just under 16 percent. The wider altcoin markets posted generally-positive returns, with the days top performances coming from EOS and Cardano. Ripple, which was yesterdays large-cap leader, posted another solid gain with an index-matching four percent increase to $0.68. Bitcoin Cash also rose four percent, raising its price to $980, while Litecoin rose less than three percent to $160. The days top performances came from EOS and Cardano, which leaped by 20 pe Continue reading >>

Surging Litecoin Is Leading The Crypto Price Recovery

Surging Litecoin Is Leading The Crypto Price Recovery

Surging Litecoin Is Leading the Crypto Price Recovery Feb 15, 2018 at 13:15 UTC|UpdatedFeb 15, 2018 at 18:33 UTC The crypto market recovery is looking stronger by the day, and litecoin is leading the way. As of writing, the total market capitalization of all cryptocurrencies stands at $466 billion - its highest level since Feb. 2, and a 68 percent rise from the low of $276 billion seen on Feb. 6. The sharp recovery could be associated with chart factors (oversold conditions) and the U.S. Senate's cautiously optimistic response to calls for stricter regulations, or it couldindicate the markets have digested the negative news flow out of China and South Korea. Either way, with bitcoin now eyeing a break above $10,000 , the broad-based recovery could gain further traction. Amid the rebound, names like litecoin, ripple, and neo have put on a good show since Feb. 6. Litecoin (LTC), in particular, has had a stellar run in the last couple of days and is up 54 percent week-on-week. The cryptocurrency has appreciated by 112.27 percent from the Feb. 6 low of $106.94 and is leading the recovery in top 10 cryptocurrencies by market capitalization. The lure of making quick money on an upcoming hard fork seems to have boosted demand for LTC, although the legitimacy of the project is under question. As of writing, LTC is seen changing hands at $227, according to CoinMarketCap . Despite the impressive performance of late, LTC is reporting a 2 percent drop on a year-to-date basis. Meanwhile, Ripple's XRP token has strengthened 90 percent from the Feb. 6 low of $0.58 and now ranks second on the list of biggest gainers among the top 10. XRP was last seen trading at $1.12 - still down 51 percent from the Dec. 31 close of $2.30. Meanwhile, neo has appreciated by 86.50 percent from Feb. 6 l Continue reading >>

Ethereum Eth And Bitcoin Btc Price Technical Analysis: Bullish Pressure Returns Ahead Of G20 Summit

Ethereum Eth And Bitcoin Btc Price Technical Analysis: Bullish Pressure Returns Ahead Of G20 Summit

Ethereum ETH and Bitcoin BTC Price Technical Analysis: Bullish Pressure Returns Ahead of G20 Summit The Bullish Pressure Returns Ahead of G20 Summit.Bitcoin (BTC) and Ethereum (ETH) Price Technical Analysis The cryptocurrency market is showing green after a week rampant declines in the prices. The recovery recoil started on Sunday evening ahead of the G20 Summit in Argentina. The Financial Stability Board (FSB), the body that manages the regulations for the G20 group of countries said that it does not view cryptocurrencies as a threat to the financial stability. Therefore, it was taking a backseat from the regulations and policies that focus on the digital assets. The decision was communicated through a letter to the central banks and finance ministers of the G20 group of countries by the chair of FSB, Mark Carney. This news was the much-needed boost in a cryptocurrency market that was drowning in selling pressure. Recovery momentum began almost immediately with some cryptocurrencies recording over 30% increase in value. Bitcoin (BTC) price is up by 12% in the last 24 hours after recording lows of $7,360 on Sunday evening. The price then embarked on an upward trend which saw it go back to exchanging hands above $8,000. The largest cryptocurrency by market capitalization is currently trading at $8,310. BTC/USD is trading double tops, while the general trend in the market is bullish. Bitcoin price is trading above the 100 and the 200-simple moving averages. Both of the trend indicators are sloping upwards to show that the bullish trend is strengthening. The upside gains were capped below $8,700 with BTC/USD encountering stiff resistance at $8,660. Bitcoin price broke above the 61.8% Fib retracement level with the last high at $8,600 and a low of $7,360. BTC/USD immediate Continue reading >>

Ethereum Price Technical Analysis Can Eth/usd Recover?

Ethereum Price Technical Analysis Can Eth/usd Recover?

Ethereum Price Technical Analysis Can ETH/USD Recover? ETH price fell sharply and even traded below the $500 level before correcting higher against the US Dollar. There is a major bearish trend line forming with resistance at $550 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to move above the $540-550 resistance area, which is a bearish sign in the near term. Ethereum price nosedived recently against the US Dollar and Bitcoin. ETH/USD has to move above the $550 resistance to initiate a decent recovery. The past few days were mostly bearish on ETH price as it declined below $500 against the US Dollar. The price tumbled and even broke the $460 support area. However, it managed to stay above the $450 level and started an upside correction. A low was formed at $453 from where it corrected upwards. Buyers succeeded in pushing the price above the 38.2% Fib retracement level of the last decline from the $608 high to $453 low. The upside move was positive, as the price also moved above the $500 level. However, the current wave was protected by a major bearish trend line with current resistance at $550 on the hourly chart of ETH/USD. The pair also failed to move past the 61.8% Fib retracement level of the last decline from the $608 high to $453 low. It seems like the price is facing a major sell wall near the $550-560 zone. Therefore, a successful close above the $550 level is needed for buyers to push the price further higher. Moreover, the $570 level is near the 100 hourly simple moving average, which is the next hurdle. On the downside, there is a decent support at $500. Below $50, the price may retest the $450 zone in the near term. Hourly MACD The MACD is now back in the bullish zone. Hourly RSI The RSI is currently well above the 50 level. Continue reading >>

Ethereum Crash Recovery Stopped Short Of $800.00

Ethereum Crash Recovery Stopped Short Of $800.00

Ethereum crash recovery stopped short of $800.00 Ethereum price hit the resistance at $800.00 Canadian regulator wants Google to ban crypto ads While the Ethereum price recovered from Tuesdays low, the upside momentum is waning as the digital asset traders are still nervous about the global regulatory crusade against crypto. The US regulators believe that ICOs and other digital assets shall be regulated like securities, but not banned out of existence, though their Canadian counterparts are more hostile. According to Jason Roy, a senior investigator at the Manitoba Securities Commission in Canada and the chairman of Canada's Binary Options Task Force, believes that Facebook did the right thing when it banned Bitcoin and ICOs advertisements. Now its Googles turn to do the same as this type of content is dangerous for ordinary people. "There's just been an explosion of different ICOs and new tokens and crazy offerings. You're seeing ICOs that are raising large amounts of money and there's nothing behind them in certain cases, but members of the public are so hyped that they're throwing money at them," Roy told in the interview to The Times of Israel. Technically, Ethereum price holds well above $800, though it has retraced from the intraday high of $792.22 towards current level of $751.00. The short-term support is formed around $700.00, which is intensified by 21-SMA on the hourly chart . A sustained break below this level will take the coin towards $625.00 and then to the crucial support at $560.00. On the upside, ETH/USD needs to get above $800.00 for the bullish momentum to gain traction. Continue reading >>

Ethereum Price Weekly Analysis: Price Looks To Be In Recovery

Ethereum Price Weekly Analysis: Price Looks To Be In Recovery

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Eth Price Weekly Analysis - Brief Upwards Price Correction Attempt

Eth Price Weekly Analysis - Brief Upwards Price Correction Attempt

Home Analysis ETH price weekly analysis - brief upwards price correction attempt ETH price weekly analysis - brief upwards price correction attempt Ethereum price dropped by around 25.4% during the previous week. An upwards price correction attempt began building up on Sunday. As per our technical analysis, this upwards price correction attempt will be mostly brief and will last no more than a few days. Ethereum price is likely to continue dropping after the price correction attempt faces resistance around $610. Published onMar 20, 2018 08:18 By Tamer Sameeh Ethereum price continued dropping during the past week, recording a week low of $455, which is a price level that hasn't been recorded since December 2017. After the week's low was recorded on Sunday, ethereum price started to recover, and the market's bulls managed to push the price upwards to a day high of $562 on the very same day. Last week, ethereum price dropped from 719.85 down to 536.73, accounting for around 25.4% decline in value. Can we expect to see the bearish wave reverse during the current week? Or, will ethereum price continue dropping after a brief upwards price correction attempt? Piercing pattern signals upwards price correction on the 4 hour ETHUSD chart: Let's examine the 4 hour ETHUSD chart from Bitfinex, while plotting the Bollinger Bands indicator, the Williams Alligator, and the MACD indicator, as shown on the below chart. We can note the following: To identify important resistance and support levels at the current stage, we will plot Fibonacci retracements extending between the high recorded on January 28th ($1,265) and the low recorded on March 18th ($452). After dropping down to the bottom level (0%) of this Fibonacci retracement ($452), ethereum price started rising. This level represen Continue reading >>

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