TA: Ethereum Reverse Gains, Why ETH Could Dive Below $1K
Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support. Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline unless it clears $1,150 and $1,200 in the near term. Ethereum Price Remains At Risk Ethereum attempted a recovery wave....
Related News
On Thursday, November 12, 2020, the blockchain firm Kirobo launched a tool that allows users to reverse ethereum transactions. Similarly to the replace-by-fee (RBF) protocol leveraged by bitcoin users, ethereum transactions can be reversed as well with Kirobo’s “Undo Button” supported by Metamask or any wallet that supports walletconnect. The two top blockchain assets, in terms of market capitalization, have features that allow users to reverse transactions they sent if the fee was too low or for other reasons. For years now crypto proponents using the Bitcoin (BTC)....
Ethereum Classic has been seeing some of the largest growth with the news of the Ethereum Merge. Where other cryptocurrencies were seeing single-digit gains, Ethereum Classic had seen double-digit gains that pushed its price well past the $40 mark at one point. Now, even though the market has begun to shed some of its gains […]
The best Ethereum 2.0 staking services and how to pick one according to your needs. We dive into pros and cons of Ethereum staking pools, independent ETH2 node providers, and much more. With over 5 million ETH already staked with Ethereum 2.0, the public is now faced with a plethora of services that let both […]
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender. To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according to Sapo, a local news outlet.There is not yet an effective date for the tax to start or a set rate, however. It will be levied on investment....
Ethereum is still consolidating above $1,750 and $1,710 against the US Dollar. ETH price could soon either rally above the $1,850 resistance or dive towards the $1,550 support. Ethereum is holding the key $1,750 and $1,710 support levels. The price is currently trading below $1,800 and the 100 hourly simple moving average. There is a […]