Hot Topics
Coin Gecko

Advertisement

Advertisement

Ethereum (ETH)’s Fate Hinges On 0.786 Fibonacci Support

Chart for ETH/USD (4H) Ethereum (ETH) has been in the eye of the hurricane for the last few weeks. The price has taken wild swings to both sides. The 4H chart above for ETH/USD shows that the price has to take a definitive stand now. Ethereum (ETH) has currently found support at the 0.786 Fibonacci retracement level which is a very critical level for the future price action of Ethereum (ETH). If Ethereum (ETH) breaks below this level, it will be a sign of extreme weakness and the price can then be expected to break the long term descending channel...

Read More

Could Bitcoin Really Lose A Chunk Of Its Market Share To Ethereum?

You might look at the markets today and wonder how any other cryptocurrency will ever knock Bitcoin off the top spot. With a market dominance of well over 50% now, Bitcoin has a strong grip on the markets, a grip that only seems to be getting tighter. Even so though, many do believe that the technology behind Ethereum will one day be enough to knock Bitcoin off the top spot, one expert even claims that Ethereum could in turn turf off up to 50% of Bitcoins market share. The same expert believes this could happen in as little as five...

Read More

What Happens If Ethereum (ETH) Fails To Break $300 Resistance?

Ethereum (ETH) is in a strong descending channel since the beginning of the current market correction. The 4H chart above for ETH/USD shows us exactly how Ethereum (ETH) has found support at the bottom of the descending channel in the past and then rallied from there. It also shows us what happened at each point where Ethereum (ETH) failed to break the downtrend resistance of the descending channel. Ethereum (ETH) first ran into the downtrend resistance during the beginning of the correction. It lacked the strength to break the descending channel and was rejected towards the bottom of the channel....

Read More

US Regulatory Authority Approves BitGo For Custodian - BTC, ETH & XRP For Recovery

US regulatory authority approves BitGo for the status of a custodian for crypto and the market is booming during positive news. The digital currency security startup BitGo has been granted approval of a custodian for crypto and other virtual assets after the company put in a request for permission to act as a digital asset custodian. The company will bring its clients the offer for a regulated custody solution made with their crypto investments specifically in mind. Bitcoin currently offers an online hot wallet solution which can be installed and used for digital asset storage to be secured. Despite this,...

Read More

Ethereum (ETH) Defends $200 Resistance Turned Support, Price Likely To Surge Higher

Ethereum (ETH) rallied like a raging bull to the surprise of many yesterday. This from a cryptocurrency that had seen red days one after another and exhibited extreme weakness was completely out of the blue. The price seems to have bottomed out around $172 and those waiting for $150 might have missed the train already. The chart above for ETH/USD shows that the previous resistance at $200 has now turned into a strong support. This support was tested today but it held strongly and the price bounced off it towards the 21 Day EMA. There was a lack of bullish...

Read More