Ethereum Remains Strong, Why ETH Could Soon Test $2,000
Ethereum traded to a new all-time high near $1,870 before correcting lower against the US Dollar. ETH price is holding gains and it is likely to accelerate higher towards $2,000. ETH price traded in a strong uptrend and climbed above $1,850 lower against the US Dollar. The price is trading nicely above the $1,750 level […]
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Ethereum Price Key Highlights. Ethereum price has been trading inside a rising wedge consolidation pattern for quite some time and has finally broken out. This type of chart pattern is usually indicative of a longer-term drop, as buyers are able to make higher lows but unable to sustain higher highs. Ethereum price seems to have picked a direction to go, as it made a strong break below the wedge support at 0.00290. Ethereum price might target the rising wedge lows at 0.00240 but the 100 SMA appears to be holding as a dynamic support level for now. Sustained selling pressure could lead to a....
The debate of which is the better investment between Bitcoin and Ethereum continues to wax strong between communities. This time around, it is being put to the test using MicroStrategy’s crypto investments over the years. Microstrategy is currently seeing a loss on the 130,000 BTC that it had purchased over the years, making it the public company with the largest bitcoin holdings. But what if the company had invested in Ethereum instead? Ethereum Is A Better Bet In the course of about two years, MicroStrategy had ramped up its BTC buying which ran into billions of dollars. At 130,000 BTC....
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 […]
Bitcoin price started a strong surge above the $42,000 resistance against the US Dollar. BTC traded to a new all-time high near $47,500 and it remains supported for more gains. Bitcoin started a strong increase above the $40,000 and $42,000 resistance levels. The price is now well above $45,000 and the 100 hourly simple moving […]
Ethereum has faced a strong drop since the August highs of $490. The coin currently trades for $375, far below the aforementioned highs. The cryptocurrency remains in a fundamentally strong position, though, analysts say. So much so that the chairman of the U.S. Commodities and Futures Trading Commission (CFTC) threw his weight behind Ethereum. In a talk, he said that he has genuinely been impressed by the protocol. He added that if Bitcoin is email, […]