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Ethereum (ETH) Crushes Hopes Of A Bullish Continuation As Price Nosedives

Ethereum (ETH) bulls were very optimistic about a rally towards $300 especially after the recent price pumps that saw the cryptocurrency fly in a matter of days. However, all those dreams seem to have now been completely shattered by a flash crash that saw the price fall below $200 before recovering. The weekly chart for ETH/USD now shows the price retracing below the 50 week moving average. If the price closes below this level, we will have bearish confirmation and ETH/USD can be expected to decline towards a new yearly low in the months ahead. We have mentioned a price...

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Sally Ho's Technical Analysis 17 May 2019

Bitcoin Bitcoin (BTC/USD) showed some signs of weakness during today’s Asian session as traders drove the pair back around the 7764.19 level, representing the 38.2% retracement of the recent move from 6755.00 to 8388.00.  Late in yesterday’s North American session, the pair fell below the 7709.26 area, representing the 23.6% retracement of the 5512.00 – 8388.00 range.  Another key level that traders are watching is 7598.36, representing the 61.8% retracement of the absolutely lifetime range of BTC/USD. Notably, the pair is now trading below its 50-bar MA (hourly) which is now around 8007.14 and has just moved below its 100-bar...

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Ethereum (ETH) Crashes Below $270 As Price Runs Into Strong Resistance

Ethereum (ETH) has run into a strong resistance and now declined sharply below the $270 mark. This has left a long wick to the upside as the daily candle has now retraced below the 1.272% Fib retracement level. The price is likely to close below this level as it has run into the top of the ascending channel it has been trading in. It would appear that ETH/USD did actually profit a lot off the golden cross that most expected to be a bull trap. The price kept on rallying and pushed through critical resistance levels despite overbought conditions on...

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Lubin: ETH Scalability to Significantly Grow over Next Two Years

The co-founder of Ethereum, Joe Lubin has claimed that ETH will start making some serious gains when it comes to scalability over the next few years. Lubin spoke in an interview with CoinTelegraph where he stated that the ETH scalability, will be improved one thousand-fold over the next two years. Lubin noted that the Ethereum 2.0 update, codenamed Serenity, will be the key focus for the improvement to scalability. And so despite the growing space that is a cryptocurrency, the majority of top coin projects like Ethereum and Bitcoin still suffer from an inability to scale to levels that are...

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Ethereum (ETH) Finally Tests 50 Week MA, Price At Risk Of Significant Sell-Off

Ethereum (ETH) has just run into its 50 week EMA and is now likely to face a strong pullback to the trend lie support it has skyrocketed off these past few weeks. ETH/USD climbed slightly above $237 before it retraced to $233. So far, the price of Ethereum (ETH) remains heavily overbought on the weekly as well as the daily time frame. These moves seem to have unnerved a lot of greedy bears but smart money is not touching Ethereum (EHT) at these prices. The pump seemed to have been triggered by a few big players that got more institutions...

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