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ETH/USD Stops Short of Testing 352.22: Sally Ho's Technical Analysis 3 October 2020 ETH

Ethereum (ETH/USD) weakened early in today’s North American session as the pair depreciated to the 345.71 area after trading as high as the 349.92 area during the European session.  The pair was unable to test the 352.22 level, representing the 50% retracement of the recent depreciation from 370.25 to 334.19.  ETH/USD bulls are paying attention to the recent short-term appreciating range from 334.19 to 349.92, and some additional downside retracement levels include 343.91, 342.06, 340.20, and 337.90.  Traders are observing that the 200-hour simple moving average has bearishly crossed above the 100-hour simple moving average.  Stops were recently elected above...

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Ethereum co-founder Vitalik Buterin explains why more people should support ETH for payments

Quick take 1 minute read Vitalik Buterin has recently discussed on Twitter how Ethereum provides numerous benefits and even encouraged more people to support the cryptocurrency for payment methods. This all came in response to a Twitter post published by Spencer Noon who highlighted that Square is making a bad move when it comes to the support for Ethereum for its payment as well as bitcoin. The co-founder of one of the biggest crypto projects in the industry Ethereum, Vitalik Buterin has recently discussed on Twitter how Ethereum provides numerous benefits and even encouraged more people to support the cryptocurrency...

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ETH/USD Finds Help Just Below 334.87 After Rout: Sally Ho's Technical Analysis 2 October 2020 ETH

Ethereum (ETH/USD) paused following recent selling pressure in today’s North American session as the pair appreciated to the 339.76 area after trading as low as the 334.19 area during the European session.  Traders started knocking the pair lower from the 370.25 area during yesterday’s North American session, a technical level that is just above the 38.2% retracement of the appreciating range from 176.43 to 488.95, and the 61.8% retracement of the historical depreciating range from 547.57 to 80.77.  Bids emerged just below the 334.87 area, representing the 61.8% retracement of the recent appreciating range from 313.00 to 370.25.  Traders are...

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ILCoin - Interview with a founder about the perspective of DeFi market

Lately, Everyone seems to be talking about the high fees on the Ethereum network. We all know that DeFi is the cause, but given your technical background, can you offer us a better explanation as to why these fees are increasing so much? I believe this question includes way more guesses than actual facts. Secondly, as I have said it several times before, I myself am not a developer. With that being said, I think the most significant problem is that miners in Ethereum have the opportunity to determine the fee of authentication. This raises fundamental questions with regard to...

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ETH/USD at 370 after Two Days of Gains: Sally Ho's Technical Analysis 1 October 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 370.25 area after trading as low as the 351.38 area during yesterday’s North American session.  The pair’s short-term upward trajectory became evident when bids emerged around the 359.36 and 363.40 levels during the Asian and European sessions, levels related to upside demand that previously emerged around the 229.77 and 394.55 levels.  Some Stops were elected above the 369.26 and 369.57 areas during the move higher, with greater Stops triggered above the 369.81 level, representing the 50% retracement of the recent depreciation from 384.61 to...

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