Ethereum Price Crashes to $2,000—Is More Downside Ahead?
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave. Ethereum Price Dives 15% Ethereum price failed to clear the $2,550 resistance zone and started a fresh decline,....
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Ethereum Classic lost more than 10% of its value today with price standing just above $1 as the network comes under sustained dos attack. The attacks are similar to those experienced by Ethereum over last month. A programmer is exploiting gas mispricing for certain op codes to drain nodes of memory and other resources thus slowing them down. Who or why is a matter of speculation. For ETC, considering the dramatic price movement, it could well be financially motivated and might not even be the original attacker, but a copycat. Ethereum Classic’s Price Crashes as Network Comes Under Dos....
Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now come to an end, at it’s time to take a second look at the bitcoin price market ahead of tonight’s Asian session. Thing shave been pretty volatile today, as we expected they might be, and we’ve got plenty to discuss before we get to the end, so here goes. First, a look at the day’s action. When we outlined this morning’s strategy, we noted that action had primarily trended to the downside over the last forty-eight hours, and that this suggested we might be able to get in on a downside bias. As....
Ethereum price managed to stay in a positive zone against the US Dollar, and it looks like we can witness a break in ETH/USD moving ahead. Key Highlights. ETH price remained above a major support area versus the US Dollar and currently positioning for a break. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD is still in play and may provide us the next break. On the downside, the $11.45-50 support holds the key and must prevent a downside move. Ethereum Price Support. Ethereum price ETH yesterday managed to hold the ground versus the US....
Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....
Ethereum price may trade down if the ETH/USD bulls fail once again to take it close to the $15.00 level moving ahead. Key Highlights. Ethereum price failed once again to trade near the $15.00 level vs the US dollar and moved down. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD was broken during the downside drift. Two failures to trade and break $15.00 suggests that the price is starting to feel the heat in the short term. Ethereum Price to Weaken? Ethereum price ETH yesterday attempted to trade higher, but failed to near the $14.40 level....