Ethereum Watch

ETH/USD Advertisements Ethereum broke out over the last day, clearing the $500 level. It now looks to go parabolic and race towards the $600 level, which is the extension of a measured move from the previous rectangle. $600 should offer resistance, so look for a pullback at that point. $500 should be support going forward. […]

The Bitcoin Bulls dominated last week with some heavy swings in both directions but mainly upwards. Crypto’s King made all the major news channels and papers as it shot from just over $11,000 to over $18,000 in less than a week. Regulated US exchanges launching their futures contracts also added to the zeal in the […]

Recent clampdowns on ICOs by a number of nations, China being the most prominent, have been spurred by the need for more regulation. Currently trading in crypto-land can be a bit like going to the casino in the Wild West. There is no safety net and no regulation on ICOs; anyone can start something up. […]

Key Highlights ETH price spikes higher and breaks the $500 and $515 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $470 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently unstoppable and it might soon blast towards the $550 level. […]

Ethereum Analysis for December 12, 2017 Advertisements ETH/USD Ethereum has been choppy over the last several days, as the weekend was noisy. Most of the interest around the world seems to be focused on Bitcoin and the reaction of the Chicago’s future markets, so Ethereum has creeped to the back burner. However, it looks as […]

Ethereum Analysis for December 8, 2017 Advertisements ETH/USD Ethereum fell during most of the trading session on Thursday, but found the $400 level to be supportive enough to cause a bounce. By looking at the chart, I see a cluster of trading activity near the $430 handle, so move above there has been bullish of […]

Key Highlights ETH price declined further and followed a short-term bearish path below $445 against the US Dollar. There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might correct towards $440-442 in the near term, but could face sellers. […]

ETH/USD Advertisements Ethereum fell during the Wednesday session against the US dollar, but is starting to find support near the $435 level. Currently, I believe that there is even more support closer to the $430 level, but a move above the $450 level should signify that the market is ready to continue to go higher. […]

A new craze is sweeping the internet, just as Pokémon Go did last year, though this is more like the Tamagotchi’s that came to our pockets in the 1990s. Today it is CryptoKitties, a virtual pets based on blockchain technology. It is the first of its kind; a game that runs on the Ethereum network. […]

ETH/USD Advertisements Ethereum continues to look relatively flat against the US dollar, while at the same time Bitcoin has been rallying. Because of this, I think that we are essentially stuck in a range between $450 level on the bottom, and $500 on the top. However, on the hourly chart we are starting to see […]