Ethereum price action shows little has changed from the open. Inside bar on the daily chart can present opportunities. The price range for a breakout trade in either direction is tight. Ethereum price action is very constricted during today’s trading. A primary reason for this consolidation goes beyond the volatility of yesterday’s trading. There is a very tight $100 range above and below the $3,400 value area where Ethereum has a near equal opportunity to… Source link

Text size Dreamstime Bitcoin was trading down slightly on Wednesday, stabilizing… Source link

ETH/USD – Ether Falls Beneath 20-day MA Key Support Levels: $3350, $3185, $3000.Key Resistance Levels: $3600, $3790, $3875. Ethereum suffered a very sharp price crash over the past 24 hours. Yesterday, the coin lost as much as 23% from a high of $3946 to reach as low as $3025. However, the market recovered slightly by the end of the day to close at the 20-day MA. Today, ETH slipped a little, which put the price beneath the 20-day MA. Yesterday’s price drop was quite… Source link

The steep pullback in bitcoin prices (BTC-USD) this week doesn’t derail the bullish outlook for cryptocurrency, argues one veteran industry insider.  “If we have enough volume from new buyers, we should go back and retest that $53,000 to $55,000 level. If we break through that, we will see new highs this year. I am still holding my projections that we will be hitting the $140,000 to $160,000 levels. It might take us into Q1 of next year because of this kind of flash crash and clean-up we… Source link

Groundbreaking research by University College London has systematically assessed the energy consumptions of leading proof-of-stake networks and concluded not all PoS blockchains are created equal. Proof-of-stake has been heralded as the environmental saviour of the crypto industry, emerging as the rousing response to widespread attempts at decrying blockchain technology on the basis of its environmental impact. Forecast as the future of the industry, there are many projects racing to become… Source link

Bitcoin Nurphoto / Getty Images Bitcoin’s steep sell-off on Tuesday has the cryptocurrency testing key technical levels. How bitcoin reacts at these levels will help traders assess trend direction in the cryptocurrency. “The long-term outlook remains bullish, supported by an upward sloping 200-day moving average,” technical analyst Katie Stockton said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin’s volatile sell-off on Tuesday has the… Source link

Ethereum is currently trading at $3,420 following a devastating sell-off that saw $75 billion wiped off its market cap in a matter of minutes. The industry’s second-largest asset has recovered significantly from a low of $3,000, although the recent plunge has proliferated the amount of bearish outcomes over the coming weeks and months. While the cryptocurrency market was in a healthy position at the start of the week, it now seems to have formed a local top as a result of an increase in… Source link

Another leg down for Bitcoin (BTC) could however trigger further losses for LTC given the strong correlation between their price movements Litecoin (LTC) was among major altcoins to suffer heavy losses following Bitcoin’s flash crash that triggered widespread selling across the crypto market. The 14th ranked cryptocurrency sank 18% on Tuesday to break below key support levels. Even with today’s rebound, LTC’s price is still 11% down on its 24-hour opening value. But bulls are likely to… Source link

Litecoin price was due for a massive upswing after slicing through the $211 resistance level. The market crash on September 7 undid the previous week’s gains and currently shows no directional bias. The support level at $160.86 will make or break LTC for the foreseeable future. Litecoin price has faced the brunt of the collapsing market as it sliced crucial support levels. However, LTC is currently above another key demand barrier, which will decide the… Source link

As Bitcoin’s prices received a massive blow owing to the legal tender fiasco in El Salvador, the altcoin market seems to have been severely affected. Monero, NEM and COSMOS plunged on their respective charts. XMR traded at its multi-week low price after a 16.2% decline. XEM was parked below its month-long support line of $0.184, while ATOM crashed by 25.2% over the last 24 hours.  Monero (XMR) XMR/USD, TradingView Monero’s price plummeted 16.2% over the last 24 hours and was seen… Source link