TA: Ethereum Remains Vulnerable To Print New Low Below $1,500

Ethereum is facing an uphill task near the $2,000 zone against the US Dollar. ETH price remains at a risk of a larger decline below the $1,800 support zone. Ethereum started a fresh decline after it failed to surpass the $2,000 resistance zone. The price is still trading well below the $2,000 resistance and the […]

Ethereum declined towards the $530 zone before recovering above $550 against the US Dollar. ETH price is now facing a strong resistance near the $580 level and the 100 hourly SMA. Ethereum started a strong recovery wave above the $550 and $565 resistance levels. The price is now facing hurdles near the $580 level and […]

According to researchers, Bitcoin and Ethereum blockchains are vulnerable to Balance Attack, which encourages double spend and disrupts persistence of blockchain. The Proof of Work blockchains may have an Achilles Heel that makes them vulnerable to a “Balance Attack.” A group of researchers from the University of Sydney has published a paper offering details about this new type of attack. The Balance Attack targets the nodes with balanced mining power. By delaying the network communication between a subgroup of nodes, the attack forces double spend on proof of work blockchains like that of....

Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH is declining and there is a risk of a drop below the $1,265 support. Ethereum is still showing bearish signs below the $1,350 and $1,320 support levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a key rising channel with support at $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses unless there is a clear move above the $1,300 level. Ethereum Price Remains In Downtrend Ethereum started a minor....

Last Week’s Review. In last week’s post we concluded with the following statement: Our overall stance remains Long-Term Bearish (with still limited downside), Intermediate-Term Bearish and now also Short-Term Bearish. As much as this analyst hopes to be wrong, Bitcoin’s price is sitting at its most vulnerable point of the year. The highest probability move is the creation of new lows in the mid US$370’s and the most likely target for a potential stop to the slide in price is the US$340-350 area matching the lows of April. Falling below that zone we are looking at US$260-270 for the next....