Hot Topics
COIN GECKO

Advertisement

Advertisement

Ethereum (ETH) Expected To Fall Below $250 As Buying Frenzy Comes To An End

Ethereum (ETH) has made quite a move to the upside in the past 24 hours but it seems to have hit the wall as the price has now started trading inside a descending triangle. This triangle is very likely to break to the downside and could be the catalyst that brings about Ethereum (ETH)’s fall below $250. We expect ETH/USD to ultimately decline below $200 during the next decline but for now it is likely to decline below $250 and trade sideways until its next major decline when Bitcoin (BTC) starts to fall. One pattern that we have seen during...

Read More

Sally Ho's Technical Analysis 27 May 2019

Bitcoin Bitcoin (BTC/USD) made major advances during yesterday’s North American session and the buying pressure continued early in today’s Asian session with the pair trading as high as 8918.98, the pair’s strongest showing since May 2018.  Some major Stops were elected during the push higher, especially above the 8338.78 level, representing the 76.4% retracement of the move from 9948.12 to 3128.89. Stops were also elected above the 8488.00 level, a recent relative high, with more triggered above the 8541.80 area, representing an upside price objective related to a relative pullback low of 4963.00 in April. A technical clue emerged late...

Read More

Sally Ho's Technical Analysis 26 May 2019

Bitcoin Bitcoin (BTC/USD) managed to remain above an important technical level through the middle of today’s Asian session as Bids continued to support the 7966.03 area, representing the 76.4% retracement of the 8388.00 – 6600.00 range. The pair has traded in a relatively narrow range since early yesterday, with technical Resistance preventing the pair from running too far above the 8114.90 area, representing the 76.4% retracement of the move from 8315.00 to 7467.10. Traders continue to deliberate whether the pair will develop an upward bias or a downward bias. Notably, the 50-bar MA (4-hourly) is creeping up to market activity...

Read More

Buterin Proposes Privacy Solution For ETH Transactions

The co-founder of Ethereum, Vitalik Buterin has just proposed for Ethereum to have a new integration that would provide a degree of anonymity to one-off ETH transactions. Adoption seems to have been gaining some traction since the start of the year and some industry focus is making a shift towards privacy and protecting the anonymity of cryptocurrency users - all while maintaining the integrity of public blockchains. With Ethereum being an open-source technology this might seem a little ironic but as Buterin says in a blog post: “We need a first step toward more privacy.” In the post, Buterin outlines...

Read More

Ethereum (ETH) Highly Likely To Fall To A Double Digit Price By Year End

Ethereum (ETH) is expected to fall to a double digit price by year end. That does not mean that the bear market will necessarily come to an end by then but that ETH/USD might be trading well below its current price. The rationale behind this is that the price of Ethereum (ETH) has been overbought for a long time now and as the weekly chart shows, the RSI has now faced rejection at its trend line resistance. This trend line resistance goes back to 2017 and it is extremely unlikely to be broken at this point under such overbought conditions....

Read More