Ether Prices Surge Under Shadow of Bitcoin and Dash
The price of ether, the cryptocurrency of the ethereum network, has surged over the last week, rising to the most in more than eight months and approaching a new all-time high – even as digital currencies like bitcoin and dash have generated significant visibility through their own sharp price gains. Ether prices have risen as much as 59% during the week, reaching $20.67 at roughly 10:44 UTC today after opening slightly above $13 on 25th February, CoinMarketCap figures show. At the time of report, ether had pulled back somewhat, but was still trading roughly 50% higher for the week at....
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Ether is now a valid currency for players who want to place bets on DirectBet. According to its Marketing Director, Michelle Gold, DirectBet is the first major company to accept Ether as a coin. The online betting company made a move that is bound to cause a ripple effect and a direct impact on the value of the cryptocurrency. It already uses Bitcoins, Litecoins, Dogecoins, and Dash. Initiating a trend. According to DirectBet Marketing Director, Michelle Gold, DirectBet is the first major company to accept Ether as a coin. Considering previous trends, DirectBet believes that this move will....
Key Highlights. Dash prices declined, as there was no major catalyst to take it higher. An ascending channel, which was highlighted in yesterday's post was breached to open the doors for more losses. 0120BTC is a major support, which holds a lot of importance and if sellers succeed in breaking it, prices might move lower. Dash prices continued to stay above 0.0120BTC, but it remains at risk of a major decline if the buyers fail to push prices higher. 100 MA as Resistance. As mentioned, sellers managed to take the price below a critical channel support area, triggering a downside reaction.....
Key Highlights. Dash continued to struggle, as buyers failed to take prices higher. It remains at as major risk of a break lower if sellers succeed in piercing 0.0119BTC. On the upside, the 100 hour simple moving average is a major hurdle for buyers. Recent price action suggests that Dash prices might weaken in the near term if sellers get a reason to take it below 0.0119BTC. 0.0119BTC as a Support. There is a major support formed around 0.0120-0.0119BTC that was also highlighted in the previous analysis. Prices recently fell a touch below 0.0120BTC, but found support around the 61.8% Fib....
Key Highlights. Dash recovered sharply after diving towards 0.0110BTC where buyers managed to protect further losses. There is a bearish trend line forming on the hourly chart of Dash, which may perhaps act as a hurdle for buyers. Dash is struggling around an important level at 0.0120BTC, which was a support earlier and now acting as a resistance for more gains. Can Buyers Clear 0.0120BTC? This past week we forecasted a downside reaction in Dash once the price went below 0.0120BTC. There was a sharp downside, which took it towards 0.0110BTC where somehow buyers managed to hold the....