Ethereum price shows no signs of slowing down after dropping 15% in the last day. This downswing is likely to continue until ETH finds a stable footing at $1,284. Invalidation of the bearish outlook will occur if ETH produces a swing high above $1,700. Ethereum price is undergoing a selling spree after a massive, week-long rally that pushed its price up by more than 60%. As a result, ETH is currently scrambling to find stable support levels. Ethereum price on a… Source link

Text size Crypto prices have rallied off the bottom hit in a dramatic selloff in mid-June. Dusan Zidar/Dreamstime … Source link

Bitcoin (BTC) fell to $21,000 on July 26 after it emerged that major the United States cryptocurrency exchange Coinbase was under investigation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $21,000 now “super critical” for BTC bulls Data from Cointelegraph Markets Pro and TradingView showed a swift reversion to lower levels for BTC/USD as reports emerged of fresh legal problems for Coinbase over securities trading. The U.S. Securities and Exchange Commission, Bloomberg… Source link

Institutional sentiment toward Ether (ETH) appears to have shifted into positive gear, with digital investment products offering exposure to the asset having posted four consecutive weeks of inflows, according to CoinShares. Prior to this, ETH investment products had been on a lengthy 11-week run of outflows that saw the total year-to-date (YTD) outflows hit as high as $458 million in mid-June. According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows”… Source link

Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave. Ethereum remained in a bearish zone and extended losses below $1,500. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave unless there is a clear move below the $1,400… Source link

  Bitcoin declined 3% and traded below USD 21,500. Ethereum declined below USD 1,450, XRP is approaching the USD 0.32 support. ADA and SOL are down almost 5%. Bitcoin price extended losses below the USD 22,500 level and declined below USD 21,500. It is currently (03:58 UTC) trading just below USD 21,200 and is down over 3% in a day and 5% in a week. Similarly, most major altcoins are moving lower. ETH traded below the USD 1,450… Source link

These three terms are similar, but different. Here’s how a ticker symbol, a cryptocurrency, and a blockchain network all relate to each other. When jumping into the world of crypto there are three basic terms that are used when referring to a blockchain and its native cryptocurrency, and for the Ethereum blockchain these terms are “Ethereum“, “ether“, and “ETH“. While directly related to each other, there are subtle differences between… Source link

Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc. filed its second-quarter report with the U.S. Securities and Exchange Commission (SEC) Monday. The company explained that it converted about 75% of its bitcoin holdings into fiat currency, as… Source link

Ethereum had been one of the largest winners of the rally that rocked the crypto market last week. The network had seen a boost when one of the developers of Ethereum announced that the upcoming Merge would likely happen sometime in September. It triggered a ripple effect that spread to the other digital assets in the space. But it seems Ethereum investors are nowhere close to being done, given the on-chain metrics from the last week. Exchange Outflows Ramp Up In the last week, large and… Source link

However, it should be noted that in July, daily trading volume for BTC has surpassed its average 20-period volume on just nine days out of 25. In our view, there does not appear to be significant conviction among long or short traders at the moment. We expect that BTC prices will continue to be range-bound in the short term, with short-term support at $20,500 and resistance at approximately $23K. Source link