Ethereum price has sliced through the 50-day SMA at $3,196, indicating a bullish outlook. ETH eyes a 14% upswing despite facing a stiff resistance barrier at $3,413. A breakdown of the $3,081 support level could trigger a 9% retracement to $2,792. Ethereum price has flipped a crucial barrier, suggesting an increase in buying pressure. This move comes after ETH experienced a massive uptrend over the past week. Going forward, investors can expect more gains from the… Source link

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It’s not often that one of the major wirehouses tells clients to pay attention to cryptocurrencies, so when Morgan Stanley Wealth Management introduces a 20-page primer on the cryptocurrency Ether, it is noteworthy. The report, authored by investment strategist Denny Galindo, makes a case that Ether has enough to distinguish it from other cryptocurrencies to make it worth considering as an investment… Source link

What happened  The value of some of the biggest cryptocurrencies in the world had a nice bounce on Wednesday. It helps that the stock market is up, led by growth stocks, which has helped push correlated cryptocurrency values higher as well.  As of 2:15 p.m. ET today, Bitcoin (CRYPTO:BTC) was up 3% in the last 24 hours, Ethereum (CRYPTO:ETH) jumped 5.6%, and Dogecoin (CRYPTO:DOGE) was up 2.4%. This follows a slow but steady climb for valuations over… Source link

Gem Mining CEO John Warren and Rosecliff founder Mike Murphy give their take on the benefits of mining Bitcoin and if stock picking should be allowed for everyone on ‘Making Money.’ The Justice Department this week carried out its largest cryptocurrency bust to date after seizing billions in stolen bitcoin from Ilya Lichtenstein and his wife Heather Morgan aka “Crocodile of Wall Street.”  In this courtroom sketch, attorney Sam Enzer, center, sits between Heather Morgan, left, and… Source link

Cardano price action has been extremely bullish over the past two weeks. From the January low at $0.92 to the most recent high at $1.26, Cardano has gained an impressive 37%. The recent pullback from $1.30 has not resulted in a bearish continuation move. Instead, a new buying opportunity has been presented. Shiba Inu to enter the metaverse and challenge Axie Infinity, Sandbox, and Decentraland Shiba… Source link

Image source: Getty Images Polkadot is a unique solution that shuttles all kinds of data — not just cryptos — across all kinds of blockchains and non-blockchain networks. It’s also discounted 59% from its peak. Key points Polkadot (DOT) is more than just “digital money,” it’s a novel solution… Source link

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has risen 3.84% to $138.49. This continues its positive trend over the past week where it has experienced a 24.0% gain, moving from $111.45 to its current price. As it stands right now, the coin’s all-time high is $410.26. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring… Source link

Bitcoin (BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Melt-up or breakdown? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in the range defined in recent days without significant downside pressure. Circling $44,000, traders were mostly preoccupied with a potential retracement, this having the potential to wipe out practically all… Source link

Litecoin price slipped yesterday after a perfect series of gains since February 3. The dip looks short-lived as bulls are trembling before the monthly R1 and red descending trend line, poised for a breakout. Expect a tiered rally with profit-taking at $160, $170 and $180 before thinking about $200. Litecoin (LTC) price underwent a short correction yesterday after bulls faced a double hurdle with the intersection of the red descending trendline with the monthly R1… Source link