Alternative Ethereum Blockchain Gains Support as Price Declines
Ethereum Classic went from a protest vehicle to a more serious project this weekend following notable nods of support from major exchanges and community members. That momentum continued today as activity surrounding its new blockchain continued in earnest, and market participants voiced their enthusiasm for the effort. Now, the eighth largest digital currency with a $37m market cap, Ethereum Classic is listed on several exchanges and has quickly built up a small network of services. For those who haven't been following, the rise of Ethereum Classic is the latest twist in the narrative....
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Ethereum price is currently under a correction mode and testing a support area versus the US Dollar. Can ETH/USD bounce sooner or later? Key Highlights. ETH price after trading as high as $13.34 versus the US Dollar traded lower and currently testing a crucial support. There is a major bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The 100 hourly simple moving average is also currently providing support and protecting further declines. Ethereum Price Correction. Ethereum price yesterday spiked higher against the US....
Ethereum Price Key Highlights. Ethereum price completed its correction as predicted in the previous article, bouncing off the 0.00260 area and heading back to its recent highs near 0.00290. A few technical indicators are suggesting that the climb could continue so the Fibonacci extension levels might serve as the next targets. Ethereum price is currently testing its previous highs but might be in for more gains past the 0.00300 handle if buying pressure is sustained. More Gains Possible? RSI is on the move up, which indicates that bulls are charging and might be strong enough to push....
Ethereum price dived sharply during the past two sessions. ETH/USD broke a major support, which may now act as a sell zone. Ethereum price ETH failed to move higher during the past couple of sessions against the US Dollar and traded lower. Yesterday, I highlighted contracting triangle pattern on the hourly chart (data feed via Kraken) of ETH/USD, and was looking for a break. The price instead of moving higher, moved down and broke a major support area of $8.00-$7.80. The price traded as low as $7.26, and attempted a recovery once. However, ETH found offers near the 23.6% Fib retracement....
Ethereum price started a fresh increase above $3,350. ETH is now correcting gains from $3,450 and might decline further below $3,200. Ethereum started a downside correction from the $3,450 zone. The price is trading near $3,200 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,200 zone. Ethereum Price Declines Heavily Ethereum price managed to stay above $3,200 and started a fresh increase, beating Bitcoin. ETH....
Ethereum failed to continue above $2,900 against the US Dollar. ETH price corrected gains and it is now trading near a major support at $2,640 and the 100 hourly SMA. Ethereum broke the $2,850 resistance, but it failed to gain pace above $2,900. The price is now testing the $2,650 support and the 100 hourly […]