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Ethereum (ETH) Struggles With $290 Support To Resume Uptrend

Ethereum (ETH) has entered an ascending channel on the 4H chart for ETH/USD above but the price action appears very weak and likely to break this trend in the near future. RSI analysis for the above chart shows that the price is on the verge of a steep decline which could take place in the coming days. Considering the level at which the price of Ethereum (ETH) is currently at, it would be interesting to see if it will break support during the next wave down. So far, the price has a chance to continue upwards from here but the...

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Barclaycard To integrate With The Ethereum Blockchain

According to a press release on The Paypers, UK banking firm Barclays have announced a new partnership between Barclaycard and Crowdz, a blockchain startup that works alongside the Ethereum blockchain in order to provide lightning fast transactions for businesses and institutions. The partnership comes as a result of Crowdz involvement within the 2018 Barclays accelerator programme, a scheme designed to help fast track fintech companies. Due to the success of Crowdz, Barclays have now agreed the partnership in order to provide future funding to help launch Crowdz, taking it from a concept to a real working product. According to the...

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Ethereum’s Scam Issues Aren’t Getting Better

Earlier this year in July, products that have been resembling ‘Ponzi Schemes’ have been ‘topping the charts’ amongst decentralised applications (dapps) which are running on the globes second biggest blockchain. For those of you who don’t know Ponzi schemes are: “A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors.“ https://www.investopedia.com/terms/p/ponzischeme.asp If the transaction values and user counts on the aforementioned applications are high, then so is the concern of the customers when they face using them. Building up is...

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Why Ethereum Classic (ETC) Might Continue To Outperform Ethereum (ETH) In The Years To Come

Ethereum Classic (ETC) just got listed on Coinbase but the price has refused to budge. The weekly chart above for ETC/XBT shows that Ethereum Classic (ETC) did rise in the week the listing was due but the price failed to rise after the actual listing. This means one of two things. Either there is no real interest at the moment as the market is bearish and interest in cryptocurrencies has been on a steady decline since the correction. Another reason could be whales trying to manipulate the price so as to accumulate all they can at lower prices. Bitcoin (BTC)...

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Ethereum (ETH) Defends $250 As Price Reaches Oversold Conditions

Ethereum (ETH) has successfully defended its $250 support without giving in to market panic. As most coins fell significantly, Ethereum (ETH) held its ground at this strong demand zone. The price rebounded strongly off the $250 level and ha now formed three consecutive green candles on the ETH/USD daily chart above. The price has currently broken past the $300 mark and is now expected to rise further. It faces a near term resistance at the 50 EMA which has been a strong resistance since June. The price has not managed to break past the 50 EMA since June even though...

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