ETH price is struggling to gain pace above the $152 and $158 resistance levels against the US Dollar.The price is currently holding the main $144 support area and breakdown zone.There is a key contracting triangle forming with resistance near $150 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair could start a strong […]
As the crypto market has stagnated, all eyes have fallen on Bitcoin, not Ethereum or Litecoin, as the leading cryptocurrency’s next large move will likely determine in which direction this entire industry heads for the next couple of months.While yes, Bitcoin’s price action is the most important when trading digital assets, one analyst has noted […]
iStock.com/josefkubes Bitcoin Price Recovers If you like your investments to be exciting—if at times unnerving—then cryptocurrency is the market for you. While the bitcoin price soared to new heights in 2018, it came crashing down just as fast in a massive meltdown that had many detractors dolling out “I-told-you-so’s” left and right. But now the […]
iStock.com/tigerstrawberry Crypto Rally Slows Down As I write this report, cryptocurrency prices are in the middle of a vicious tug of war between the bulls and the bears. And the bears are winning right now. Most, if not all, of our favorite cryptocurrencies trended down over the last seven days, erasing the progress they made […]
iStock.com/tigerstrawberry Ethereum News Update Investors tend to panic when international organizations talk about cryptocurrency regulation, but is that really the nightmare scenario? What we have at the moment seems worse. With each country or state striking its own path on crypto regulation, investors are left without a clear sense of direction. “Where is the industry headed?” […]
iStock.com/MysteryShot Ethereum News Update The first quarter of 2018 was historically bad for ETH prices, according to a recent CoinDesk report, but there’s a silver lining embedded in the data: namely, that ETH recovered from these types of slumps in the past. For instance, Ethereum prices lost 40% in the fourth quarter of 2016. While […]
iStock.com/Nawadoln Ethereum News Update As Ethereum prices trended lower on Wednesday morning, my attention was drawn to a Bloomberg report claiming that cryptocurrency hedge funds are facing a “reckoning” in 2018. Are they really? The article says that nine hedge funds have already exited the market, while the rest are sustaining heavy losses. And according […]
iStock.com/BackyardProduction Ethereum News Update Have we reached a bottom? That’s the question on most people’s minds today, as cryptocurrency markets flashed green for the second consecutive trading session. Personally, I’m not convinced. ETH prices face a long winding road to their pre-crisis levels, which means it won’t be a straight rocket ride back to $1,000. […]
iStock.com/Evgeny Gromov Ethereum News Analysis Two seemingly contradictory things are happening in cryptocurrency markets: 1) Valuations are shrinking, and 2) Blockchain adoption is growing. These trends appear to be in conflict. What exactly is going on? Well, the first thing to remember is you’re not in a nightmare. Ethereum prices are truly trading below $400.00, […]
iStock.com/rclassenlayouts Ethereum News Update As Ethereum prices shed another 10% on Thursday morning, it seems appropriate to ask big questions: Were Ethereum prices in a bubble? Is that why ETH prices are crashing? Or is there a different explanation? My initial reaction is that, no, Ethereum prices were not in a bubble. However, it’s important […]
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