Hot Topics
COIN GECKO

Advertisement

Advertisement

Two Things Preventing TRON From Beating Ethereum

It’s no secret that the ultimate aim for TRON is to become the biggest and best cryptocurrency project in the world, in order to do this, it is going to need to surpass Ethereum through all aspects of the project. TRX needs to become a more traded cryptocurrency and the TRON network needs to be bigger, better and faster than it’s Ethereum rival. There doesn’t seem to be any animosity between the two projects, indeed, Justin Sun (the creator of TRON) and Vitalik Buterin (a co-founder of Ethereum) are seen as rivals, though it’s not like they are at each...

Read More

Ethereum (ETH) Refuses To Give In To Further Sell Pressure From Bitcoin (BTC)

Ethereum (ETH) declined heavily against Bitcoin (BTC) in the past 48 hours but now it has started defending against additional sell pressure. In fact, Ethereum (ETH) is actually up against Bitcoin (BTC) for the day and is expected to continue to rise further as market recovery ensues. Most cryptocurrencies including Ethereum (ETH) have fallen more than 95% from their all-time high but so far there is no floor in sight. The price does seem to have found support just above the $100 level but it is not clear yet whether ETH/USD might be able to defend against further decline. So...

Read More

Ethereum (ETH) Breaks Ascending Channel With No Floor In Sight

Ethereum (ETH) has broken below the ascending channel and is now at the mercy of the bears as there is no floor in sight. The 4H chart for ETH/USD shows the price in free fall after breaking below the 61.8% Fib level. In other markets this would be an alarming sign of significant further downside to come but in a market with a combined market cap of just over $100 billion, this could be a non-event. That being said, there does appear to be an orchestrated move to deliberately instill fear in the market. The past few weeks we have...

Read More

Ethereum (ETH) Consolidates Above Local Bottom Before Next Decisive Move

Ethereum (ETH) was trading in a tight range since December of last year but for the past few weeks, the price has been consolidating above a local bottom with no clear direction. The 4H chart for ETH/USD shows that the price is very unlikely to break below $115. The most probable scenario after weeks of consolidation would be to expect Ethereum (ETH) to resume its rally towards $160. If the price continues to remain range bound between $160 and $115, it could ultimately culminate in a strong breakout to the upside as a bull flag is formed. RSI for the...

Read More

Ethereum (ETH) Remains A Strong Buy Until A Fall Below $110

Ethereum (ETH) is trading just above its 61.8% Fib extension level but the price has currently faced a strong rejection at a trend line resistance. The 4H chart for ETH/USD shows the price trading in a falling wedge that has a higher probability of breaking to the upside than the downside. That being said, the next definitive direction that Ethereum (ETH) takes will depend on the future outlook of Bitcoin (BTC). If Bitcoin (BTC) rises, ETH/USD will rise a lot more aggressively and if Bitcoin (BTC) falls, ETH/USD is likely to fall a lot more even though it appears to...

Read More