Ethereum found a strong support near the $2,300 zone against the US Dollar. ETH price is rising and might rally if it clears the $2,750 resistance zone. Ethereum started a major increase above the $2,750 resistance zone. The price is now trading above $2,900 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally further above $3,000 if there is no downside… Source link

Bullish optimism returned to the cryptocurrency market on March 1after a majority of tokens turned green and Bitcoin bulls telegraphed their intention to hold the $40,000 level as support going forward. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has surged 20% from a low of $37,409 on Feb. 28 to an intraday high at $44,951 on Tuesday. BTC/USDT 4-hour chart. Source: TradingView Here’s what several analysts are saying about the sudden bullish… Source link

The Russian invasion of Ukraine has driven demand for cryptocurrencies in both countries, helping boost the price of bitcoin. Bitcoin has been trading at a premium against the Ukrainian hryvnia on a number of exchanges, both globally and locally, a sign of high demand. On Binance, the largest exchange in the world, bitcoin was trading for the equivalent of $45,894 in hryvnia terms. On Kuna, the largest exchange in Ukraine, it was at $46,847, and had traded as high as $51,240. In U.S. markets,… Source link

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Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading flat on Tuesday afternoon, after each soared about 26% over the past six days. Some analysts attribute the sharp increases to a rise in the popularity and necessity of the decentralized crypto sector following harsh Russian sanctions that have left the traditional financial system, at least in Russia, exposed. From a charting perspective, after a months-long decline, both Bitcoin and Ethereum have developed… Source link

Early in February, investors and analysts were discussing the possibility of a cryptocurrency crash. However, today begins a new month and crypto prices are booming. Even after last week’s turbulence caused by the U.S. Federal Reserve and geopolitical uncertainty, many popular cryptos are now back in the green. One of the day’s winner is Litecoin (LTC-USD). Currently, the peer-to-peer altcoin is up 3%-plus for the day and more than 6% for the week. Although it continues to be… Source link

While the global crypto market poked above the $2 Trillion-mark, Algorand’s 20 EMA moved above its 50 EMA. But it faced a strong hurdle near the 23.6% Fibonacci level. Further, Cronos saw an ascending triangle breakout but struggled to topple its trendline resistance.  Interestingly, Litecoin formed a bullish pattern on its 4-hour chart while the bulls needed to defend the $111-mark to confirm its strength. Algorand (ALGO) Source: TradingView, ALGO/USD The January sell-off fueled the… Source link

The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants have been preparing to transition from a proof-of-work (PoW) system to a protocol that solely relies on the proof-of-stake (PoS)… Source link

What happened It’s been a wild and wacky day in the crypto world. As of Tuesday morning, most cryptocurrencies were up for the trailing 24-hour period, with top tokens Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) each surging at some points by double-digit percentages. While those tokens have given up some of their gains, as of 11:15 a.m. ET, Bitcoin, Ether, and Dogecoin were still higher by 7%, 5.1%, and 3.8%,… Source link

Text size Dreamstime Russia’s invasion of Ukraine is pressuring global equities, pumping up oil prices, stoking… Source link