Alternative Ethereum Blockchain Gains Support as Price Declines
Ethereum Classic went from a protest vehicle to a more serious project this weekend following notable nods of support from major exchanges and community members. That momentum continued today as activity surrounding its new blockchain continued in earnest, and market participants voiced their enthusiasm for the effort. Now, the eighth largest digital currency with a $37m market cap, Ethereum Classic is listed on several exchanges and has quickly built up a small network of services. For those who haven't been following, the rise of Ethereum Classic is the latest twist in the narrative....
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Ethereum price is currently under a correction mode and testing a support area versus the US Dollar. Can ETH/USD bounce sooner or later? Key Highlights. ETH price after trading as high as $13.34 versus the US Dollar traded lower and currently testing a crucial support. There is a major bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The 100 hourly simple moving average is also currently providing support and protecting further declines. Ethereum Price Correction. Ethereum price yesterday spiked higher against the US....
Ethereum Price Key Highlights. Ethereum price completed its correction as predicted in the previous article, bouncing off the 0.00260 area and heading back to its recent highs near 0.00290. A few technical indicators are suggesting that the climb could continue so the Fibonacci extension levels might serve as the next targets. Ethereum price is currently testing its previous highs but might be in for more gains past the 0.00300 handle if buying pressure is sustained. More Gains Possible? RSI is on the move up, which indicates that bulls are charging and might be strong enough to push....
Ethereum price dived sharply during the past two sessions. ETH/USD broke a major support, which may now act as a sell zone. Ethereum price ETH failed to move higher during the past couple of sessions against the US Dollar and traded lower. Yesterday, I highlighted contracting triangle pattern on the hourly chart (data feed via Kraken) of ETH/USD, and was looking for a break. The price instead of moving higher, moved down and broke a major support area of $8.00-$7.80. The price traded as low as $7.26, and attempted a recovery once. However, ETH found offers near the 23.6% Fib retracement....
Ethereum price found buyers near $10.15 against the US Dollar, and now it looks like ETH/USD is attempting an upside move. Key Highlights. ETH price traded further lower against the US Dollar to test $10.15 where it found support. The ETH/USD pair is now making an attempt to break yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX). A break and close above $10.40 might open the doors for more gains in the near term. Ethereum Price Recovery. We saw more declines in ETH price against the US Dollar, as it traded below $10.20 to trade as low as $10.15 where....
Ethereum Price Key highlights. Ethereum price is moving sideways on the 1-hour time frame, creating a triangle formation on the short-term chart. The path of least resistance is to the downside, as the longer-term downtrend is still intact. Ethereum price could find more downside momentum, pending a break below the support of the current consolidation pattern. Testing triangle resistance. At the moment, Ethereum price is hovering around the top of the triangle consolidation around 0.00261BTC, which might be enough to keep further gains in check. A return in selling pressure could lead to a....