Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year. Ether price fractal First spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative strength index (RSI). Ether closed above its 50-day SMA in July 2021, the first time since the May 2021 bearish correction. As… Source link

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Ethereum Ethereum rose by 0.01% on Wednesday. Following a 3.23% gain from Tuesday, Ethereum ended the day at $2,300.42. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,245.10 before making a move. Steering clear of the first major support level at $2,195, Ethereum rallied to a late morning intraday high $2,347.88. Falling short of the first major resistance level at $2,364, however, Ethereum briefly fell back to sub-$2,300 and into the red. A late move back through to… Source link

Market capitalization of Monero increased, however, despite the rise in prices, MATIC and Binance Coin’s market capitalization witnessed a fall. XMR’s price showed chances of low volatility, while MATIC recorded a 47.2% weekly gain and lastly, Binance Coin could be headed towards a possible price breakout.  Monero XMR/USD, TradingView Monero’s price action was halted after yesterday’s plunge in prices, however, over the last 24 hours XMR rose by 2.5%. At press time, the coin was… Source link

Bitcoin buyers are in profit-taking mode as the cryptocurrency tests the $40,000 resistance level. Sentiment has significantly improved over the past week, although some analysts think it’s time for a pause before another leg higher. “BTC easily broke through $35K, but I think it will probably have a harder time going through $40K this time,” Justin Chuh, a senior trader at Wave Financial, wrote in an email to CoinDesk. “Miners & sellers are coming in to cash out once more and buyers… Source link

Soon after bitcoin (BTC-USD) startled investors with a rare drop below $30,000 last week, the cryptocurrency has rebounded dramatically in recent days, rising well above $40,000.  The sudden bounce back has cheered bitcoin bulls but also underscored a concern among critics that the volatility of the most popular cryptocurrency makes it useless for the buying and selling of goods.  Pavan Sukhdev, the president of environmental advocacy group WWF International and a former managing director at… Source link

Bullish bias continues despite a bug in Monero (XMR) privacy token Bullish bias surrounding the U.S. dollar keeps the XMR/USD pair under pressure Today’s idea is to place a buy limit at $220 to target $230 and $234 levels. The XMR/USD pair maintained its previous-session bullish bias and remained well in demand over the $225.00 level. Monero price forecast remains slightly bullish on Wednesday, as the pair is still trading in between an upward channel. The… Source link

This week, I’ll discuss the fallout from last Wednesday’s test network issues that revealed a bug in Ethereum’s majority software client, Geth. Though a patched version of Geth software has since been released for London, some users, developers and mining pools are calling for further testing of the upgrade, which is scheduled to go live next week. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto… Source link

Ethereum is currently trading at $2,300 following a tremendous rally that has seen its price increase by 28.44% in the past week. The world’s second-largest cryptocurrency is now lining up a test of the $2,600 level of resistance after closing above daily 50 exponential moving average for the first time since June 7. Much of it will also depend on if Bitcoin can close a daily candle above the $40,400 level. This would confirm a bullish breakout on Bitcoin, which would result in a subsequent… Source link

Cardano seems to struggle with the uptrend after hitting a barrier at $1.4. Litecoin corrects from $140 resistance but holds within an ascending parallel channel. Crypto assets across the board are back in the green following a recovery from the correction on Tuesday. Volatility has dominated the market following last week’s selloff, followed by an impressive trend reversal on Monday. Bitcoin rushed to $40,000 before retreating to $36,000 on Tuesday. However, as discussed, the… Source link