Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar.
The price even cleared the $135 and $136 resistance levels, but upsides remain capped.
There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair might face a strong resistance near the $138 level and it could drop back to $135.

Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH buyers near the $138 and $139 levels.
Ethereum Price Analysis
Recently, we saw a major drop in ETH price below the $134 support level against the US Dollar. The ETH/USD pair traded close to the $132 support level and later started a decent recovery. It climbed back above the $134 and $135 resistance levels. There was also a close above the $135 level and the 50% Fib retracement level of the recent decline from the $140 swing high to $132 low. However, there are still many hurdled for buyers on the upside, starting with $137 and ending near $140.
The price is currently trading near the $137 resistance and the 100 hourly simple moving average. Besides, the 61.8% Fib retracement level of the recent decline from the $140 swing high to $132 low is also near the $137 level. On the upside, there is a strong resistance formed near the $138 level. There is also a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD.
Below the trend line, the 76.4% Fib retracement level of the recent decline from the $140 swing high to $132 low is positioned. Therefore, if the price continues to move higher, it could face sellers near the $137 and $138 levels. The next main resistance is near the $140 level, which prevented gains on many occasions recently. On the downside, an initial support is at $135. A break below the $135 level may push the price back towards the $132 level.

Looking at the chart, ETH price is slowly climbing high and moving back in the key $130-140 range. It may continue to rise towards the range resistance, but a break above $138 and $140 won’t be easy. There are even chances of a fresh drop below $135 before the price climbs higher towards $140.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is showing positive signs and it could move into the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 50 level and it is moving higher towards the 60 level.
Major Support Level – $135
Major Resistance Level – $137
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Crypto Ratings: China Prefers Smart Contract Platforms, Bitcoin Downgraded

The Centre for Information and Industry Development in China (CCID) has updated its monthly crypto project rankings. Following the update the top three spots on the list of most promising public blockchain-based assets are compromised of the Ethereum network (ETH), Tron (TRX), and EOS, whilst Bitcoin (BTC) fell on the list.
CCID looked at a total of 35 different projects in the digital asset space. The evaluation comprised of three components – basic tech, applicability, and creativity.
China More Excited by Smart Contracts Than BTC
The latest Chinese CCID crypto ratings are in and it is clear that the Chinese government body is optimistic about platforms supporting the creation of decentralisation applications. The newly published ratings have smart contract platforms Tron and EOS topping the list of 35 crypto projects.
Interestingly, Tron only made its debut on the list of projects deemed worthy of rating by the CCID last month. It has quickly managed to replace Ethereum as the project the agency is second most optimistic about. It failed to displace EOS, however, which has been rated the most promising project month-in, month-out since last June.
The CCID ratings are awarded based on three criteria: basic tech, applicability, and creativity.
Scoring highly in the basic tech department was EOS, Tron, Bitshares, Stem, and Gxchain. According to a translation taken from Bitcoin.com, the CCID did give mention Ethereum and its recent Constantinople upgrade. However, the performance-enhancements made to the Ethereum network were not enough to take ETH into contention for best crypto by basic tech:
“Since the Constantinople upgrade, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th.”
This basic tech assessment accounts for 64 percent of the total score of a project.
In terms of “applicability”, the CCID stated that this score was based on “the comprehensive level of public chain support for practical applications”. It comprises of 20 percent of the total score for crypto projects.
Here, the CCID’s five hottest crypto projects are: Ethereum, NEO, Tron, Nebulas, and Ontology.
Finally, the digital assets evaluated by the CCID were assessed by their creativity. This score accounts for 16 percent of the total awarded. The CCID explained this part of the ratings system as referring to the amount of “continuous innovation in the public chain”. The five projects deemed to be the most important in this regard are Bitcoin, Ethereum, EOS, Litecoin, and Lisk.
Evidently, the CCID researchers behind the latest crypto ratings update are less enamoured with straight-up digital currency offerings than they are with smart contract platforms. Bitcoin dropped from thirteenth position two months previous, down to fifteenth. Meanwhile, Bitcoin Cash also fell from to outside of the top 30 projects.
 
Related Reading: Weiss Publish Their First Cryptocurrency Ratings
Featured Image from Shutterstock.
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Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018

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Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018
A sneak peek into Buterin’s account highlights the ETH holdings of the Ethereum founder and his cashing-out into fiat currencies in the last four years.
Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018

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Source: CoinSpeaker

Ethereum Price Analysis: Stop Hunting Pushes ETH Into Bearish Zone

ETH price failed to break the $139 resistance and declined sharply against the US Dollar.
The price broke the key $134 support level to enter a bearish zone.
A new connecting bearish trend line is formed with resistance at $139 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to struggle near the $135 and $136 levels if it corrects higher in the near term.

Ethereum price declined sharply below key supports against the US Dollar and bitcoin. ETH settled below $136 and the 100 hourly SMA, which is a short-term bearish sign.
Ethereum Price Analysis
There was another attempt by ETH price to climb above the $139-140 resistance area against the US Dollar. The ETH/USD pair failed to surpass the $140 resistance and later started a downside move. There were range moves above $138 before sellers took charge and pushed the price below $136 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line at $138 on the hourly chart, opening the doors for more losses.
As a result, there was a sharp decline and the price tumbled below the $134 support level. The price traded towards the $132 support and settled below the 100 hourly simple moving average. Recently, it corrected higher above the $133 level and the 23.6% Fib retracement level of the last drop from the $140 swing high to $132 low. Buyers even pushed the price above the $134 level, but upsides were capped by the $136 resistance. Besides, the 50% Fib retracement level of the last drop from the $140 swing high to $132 low acted as a resistance.
It seems like the previous support area near $136 is acting as a solid resistance. Therefore, the price may consolidate in the short term before it makes another attempt to clear the $136 level. On the upside, the next resistance is near $137 and the 100 hourly SMA. Moreover, there is a new connecting bearish trend line is forming with resistance at $139 on the hourly chart of ETH/USD.

Looking at the chart, ETH price clearly moved into a bearish zone below the $136 support and the 100 hourly SMA. If buyers struggle to push the price back above the $136 and $137 levels, there is a risk of more downsides. An initial support is near $134, below which the price may revisit the $132 swing low.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is about to move into the bullish zone.
Hourly RSI – The RSI for ETH/USD declined below the 50 level and it is currently below the 40 level.
Major Support Level – $132
Major Resistance Level – $137
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Ethereum’s [ETH] Vitalik Buterin says ICO boom would have happened regardless of the platform

Vitalik Buterin, creator of the second largest cryptocurrency and leading smart contract platform, Ethereum [ETH], spoke about the end of the ICO boom, during an Unchained Live event with Laura Shin.
Buterin had previously stated that the next bull run, unlike the earlier one, was going to be built on the application of technology, instead of hype. During the event, Laura asked Vitalik about the end of ICO mania, considering the “fact that a large part” of Ethereum’s success was because of the ICO craze.
Buterin agreed that it was “definitely true” to an extent, adding that the ICO boom would have happened regardless of the platform. He further stated that projects such as Mastercoin were built on Bitcoin, before the launch of Ethereum. He said,
“There were all these other projects that were launching and they were using Bitcoin base that second layers dp. I feel like that boom would have happened regardless of what platform it ultimately would have happened on.”
This was followed by Buterin stating that it was a “complex situation,” due to factors associated with costs and benefits. Nonetheless, he added that one of the biggest benefits was that a lot of interesting projects were getting funded. He added,
“[…] and you know there’s a lot of big Ethereum projects that had token sales. There’s a lot of projects that did not have token sales, but had tokens that launched in other ways, Maker being one example. The fact that they have money for development is, I think, just a good and useful thing.”
He also spoke about the downside of the ICO market, and remarked that it was “definitely one of the biggest costs.” He said,
“Yeah there’s a bunch of stuff that I’m like apparently an advisor for and there are my 10,000 Instagram accounts.  They’re all scams there yeah and are very unfortunate things. If there were magical ones which could have like shut them all down, that probably would have been better, but the magic ones don’t exist.”
The post Ethereum’s [ETH] Vitalik Buterin says ICO boom would have happened regardless of the platform appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Coin sees trend reversal as bull returns to market

Ethereum [ETH], the second largest cryptocurrency by market cap, was seen glowing green on 21 March. This time around, the cryptocurrency was not the only coin pictured with the bull, as several other major coins joined in.
According to CoinMarketCap, Ethereum was trading at $140.34 with a market cap of $14.78 billion, at press time. The cryptocurrency had a trading volume of $4.7 billion, and witnessed a significant rise of over 5 percent over the past seven days.
1-hour
Ethereum [ETH] one-hour price chart | Source: TradingViewOn the one-day price chart, the downtrends for the cryptocurrency were recorded from $142.52 to $140.19, and further south till $138.92. The uptrend for the cryptocurrency was outlined from $131.40 to $135.55, and further north till $138.27.
The immediate resistance for the cryptocurrency was at $138.93, and strong resistance was at $140.21. The immediate support, on the contrary, was placed at $135.54, and strong support was at $132.29.
Bollinger Bands showed that the coin was moving towards a volatile market, as the bands were diverging in order to make room for more price movements.
MACD forecast a strong bullish weather for the cryptocurrency, as the moving average line deceived the signal line to move upwards.
RSI indicated that the buying pressure for the coin was equally met with the selling pressure, showing a nearly stabilized market.
1-day
Ethereum [ETH] one-day price chart | Source: TradingViewThe downtrends for the cryptocurrency were demonstrated from $247.76 to $157.56, and from $157.55 to $138.73. The uptrends for the coin were displayed from $83.74 to $103.21, and from $103.22 to $131.40.
The coin’s immediate resistance in the long-run was at $140.56, and strong resistance was at $157.62. The immediate support for the cryptocurrency found its resting ground at $125.11, and strong support was at $82.85.
Parabolic SAR pictured the cryptocurrency rejoicing in a bullish market, as the dotted lines were below the signal line.
Klinger Oscillator showed that the bear was closing in on the coin as the reading line was below the signal line.
Chaikin Money Flow showed money flowing into the market as the line was above the zero-mark, forecasting a strong bullish presence.
Conclusion
The coin joined the rest of the cryptocurrencies in greeting the bull. This move was supported by CMF and Parabolic SAR from the one-day chart, and MACD from the one-hour chart.
The post Ethereum [ETH/USD] Price Analysis: Coin sees trend reversal as bull returns to market appeared first on AMBCrypto.
Source: AMB Crypto

Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure

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Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure
In his recent interview, Vitalik Buterin explained why Ethreum price is important for the crypto industry and answered to many other questions.
Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure

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Source: CoinSpeaker

Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar.
The price formed a strong support near the $136 level before climbing above $138.
This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142.

Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH could continue to move higher towards the $145 resistance as long as it is above $138.
Ethereum Price Analysis
After a brief consolidation, ETH price formed a strong support near the $135 and $136 levels against the US Dollar. The ETH/USD pair slowly moved higher and broke a few important resistances near the $138 level. There was even a close above the $138 level and the 100 hourly simple moving average. This is a positive sign and has opened the doors for more gains above the $142 and $144 levels. More importantly, bitcoin price already climbed higher, challenging the $4,050 resistance, and it may continue to rise in the near term.
Therefore, it could help ETH, XRP, and other cryptocurrencies. During the recent upside, this week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD. There was a break above the 50% Fib retracement level of the last decline from the $142 swing high to $135 low. The price traded close to the $140 level and later corrected lower. It traded below the 23.6% Fib retracement level of the recent wave from the $135 low to $140 high.
However, the $138 level and the 100 hourly SMA acted as a strong support. Besides, the 50% Fib retracement level of the recent wave from the $135 low to $140 high acted as a support. The current price action suggests that the price is well supported above $138 and it may continue to rise. An immediate resistance is at $140, above which the price could break the $142 level.

Looking at the chart, ETH price is trading in a positive zone above the $138 level. If buyers remain in action, the price may even challenge the $145 resistance level. On the downside, if there is a break below the $138 support, the price may revisit the $136 support. The main support is near the $135 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently gaining traction in the bullish zone.
Hourly RSI – The RSI for ETH/USD climbed above the 50 level and it is currently near the 55 level.
Major Support Level – $138
Major Resistance Level – $142
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Ethereum (ETH) Disputations, Code Isn’t Law Insists Vlad

Ethereum prices stable but bullish
Code is Law a misnomer insists Vlad Zamfir of Casper Labs
Transaction volumes low but poised to expand as prices expand

After penning an article critiquing Szabo’s law, Vlad is clearly of the opinion that there ought to be an element of human participation within the Ethereum governance model. Nonetheless, Ethereum (ETH) prices are stable, and after three days of consolidation, it is likely that prices will edge higher with targets at $170.
Ethereum Price Analysis
Fundamentals
Public blockchains are inherently fractious and often factions sprout disagreeing on improvements, upgrades or even a fruitful push for equal representation. We saw that happen with Bitcoin Cash when contentious led to a split creating two chains in SV and ABC.
However, it is the current flame-throwing and uncomfortable topic of how best to deal with Parity Funds that is reviving the discussion on which governance model best suits Ethereum. As fractious and heated the atmosphere, well-articulated arguments from Vlad Zamfir is shedding light on the apparent lack of effective controls and human participation within Ethereum and the tendency towards adherence of Szabo’s law.
Drumming for pro-governance, Vlad is against the idea of protocol improvements or changes on the ground of technical maintenance as stipulated by Szabo. He argues that the perception that code is law is a misnomer and “too radically anti-legal to be part of a sensible crypto legal system.” All the same, his beliefs are against what blockchain represents—autonomy.
As a network, it should operate free from third parties—in this case, government, even if solutions riding on these networks seem to go against the incumbent and disrupt the status quo.
Candlestick Arrangement

Up 3.5 percent from last week’s close and stable in the past 24 hours, Ethereum (ETH) is trading within a tight trade range. With clear supports at $135 and trading within a clear bullish breakout pattern set in motion by Mar 4-5 double bar bullish breakout, the path of least resistance is clear.
Already, increasing demand and positive fundamentals—especially Joseph Lubin’s comments—indicate there is an undervaluation.
However, before conservative traders flow in, prices must first close above $170. It is likely that prices will rally in the short-term now that BB bands are spreading and prices appear to be banding along the upper BB pointing to increasing demand.
Technical Indicator
Since Ethereum (ETH) prices are trading inside Mar 15-16 bull bars, then is imperative that prices close above $150 or dip below $135 as price action confirm bulls of Mar 5 or bears flow affirming those of Feb 24. In any case, accompanying transaction volumes must be above averages of 230k or above 300k of Mar 5.
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Ethereum [ETH/USD] Price Analysis: Coin cheers for bear as bulls accept defeat

Days after a price rush, a portion of the cryptocurrency market seems to have calmed down. This includes Ethereum [ETH], the second largest cryptocurrency by market cap.
According to CoinMarketCap, at press time, the coin was trading at $139.35 with a market cap of $14.67 billion. The trading volume of the cryptocurrency was $4.37 billion and the coin recorded a significant rise of over 4% over the past week.
1-hour
Ethereum one-hour price chart | Source: Trading View
The downtrends for the cryptocurrency on the one-hour chart were outlined from $142.52 to $140.19, and from $140.19 to $138.15. The uptrends for the cryptocurrency was recorded from $131.23 to $136.54.
The coin’s immediate resistances were at $138.15 and $140.20. A strong resistance found its stronghold at $142.54. The immediate support for the cryptocurrency was at $136.10 and the strong support was at $135.08.
MACD showed the moving average line below the signal line after a crossover and indicated a blood-red market for the cryptocurrency.
Bollinger Band predicted a less volatile market as the bands were closing on each other, giving little space for price movement.
Chaikin Money Flow indicated a win for the bear as the line was below the zero-line, indicating that money was flowing out of the market.
1-day
Ethereum one-day price chart | Source: Trading View
On the one-day chart, the downtrends for the cryptocurrency were traced from $218.66 to $157.56 and from $157.55 to $140.49. The uptrends for the coin were spotted from $82.82 to $103.22 and from $103.22 to $131.40.
The immediate resistance of the cryptocurrency was pictured at $140.52 and the strong resistance was at $157.62. The immediate support was found at $125.05 and the strong support was at $82.70
Klinger Oscillator forecasted that the bear would win the war for market dominance as the reading line moved below the signal line after a crossover.
Parabolic SAR, on the contrary, showed a bullish market as the dotted lines were below the candlesticks.
RSI showed an even buying pressure and selling pressure for the cryptocurrency.
Conclusion
The coin showed that Klinger Oscillator from the one-day chart, and MACD, and CMF from the one-hour chart, were cheering for the bear’s win. However, Parabolic SAR from the one-day chart stood by the bull.
The post Ethereum [ETH/USD] Price Analysis: Coin cheers for bear as bulls accept defeat appeared first on AMBCrypto.
Source: AMB Crypto

‘Faketoshi’ Craig Wright Deletes Twitter Account Raging

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‘Faketoshi’ Craig Wright Deletes Twitter Account Raging
The Australian businessman and software developer Craig Wright has always been at the first rows of social media controversy. Now, he had his Twitter account deleted following a series of threatening tweets.
‘Faketoshi’ Craig Wright Deletes Twitter Account Raging

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Source: CoinSpeaker

Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

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Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed
The ICE’s Data Services will provide real-time and historical data for all the newly added crypto tokens.
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

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Source: CoinSpeaker

Ethereum (ETH) A Strong Buy According to Joseph Lubin of Consensys

Ethereum prices bullish above $135
Joseph Lubin expects prices to rally
Volumes low, dropped by half in the last week

Weeks after retrenching staff, Consensys CEO is confident that ETH prices will surge 1000X. This is partly thanks to the launching of Ethereum 2.0 and prospects of dealing with scalability. Therefore, that means there is a huge Ethereum (ETH) undervaluation.
Ethereum Price Analysis
Fundamentals
Consensys is the Brooklyn-based software-production studio that is backed by Joseph Lubin. Joseph is one of the top contributors of Ethereum. Months after announcing plans of the studio’s  “re-focusing of their priorities” at the back of dropping asset prices and a biting crypto winter, Joseph believes that ETH prices will surge 1000X in the next two years.
With an eager audience during the ConsenSysSXSW 2019 in Austin, the tech leader is banking on Ethereum 2.0 and the development of layer 2 scalability solutions that will see Ethereum platform efficiently handle the influx of transactions without sacrificing speed or hiking fees:
“Ethereum 2.0 is launching soon. We have eight teams working currently on Phase 0 of the four phases of the roadmap. We will further develop the base layer of the Layer 2 expansion solution, which will be in the next 18- at least 1000 times in 24 months. Once this completes, Ethereum will continue to expand. Since the start of the ecosystem in 2009, Ethereum has seen many incredible rises in the price of the tokens followed by many corrections. One of the significant corrections was done in 2018, which was 5,000-times more valuable than when ETH was initially launched.”
Candlestick Arrangement

Meanwhile, Ethereum prices are stagnating above $135 but up four percent from last week’s close. From candlestick arrangement, buyers are in charge and trading within a bullish breakout pattern with immediate supports at $135.
Even so, we must realize that sellers are overly in charge especially if we break down the price from a top-down approach. Note that $170, though more than $30 away is a vital resistance and previous support. As reiterated in previous ETH/USD trade plan, price surges above $170 should have strong bases.
That, therefore, means consolidation above Mar 5 highs and oscillation within Mar 15-16 high lows. Any drop below $135 nullifies this trade plan and could catalyze a sell-off towards $100, a psychological round number.
Technical Indicators
Flat-lining prices equate to low participation levels, and that is evident from the chart. From Mar 5 when decent volumes—302k versus 296k, accompanied prices, participation averages have dropped to 160k hinting of low demand. Moving on and as laid out in prior trade plans, gains above $150 confirming bulls of Mar 5 must be with high volumes exceeding 330k or even 1 million of Feb 24.
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New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

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New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors
Allowing investors to get a 45% bonus during the additional sales stage, USDDex aims to attract the crypto community to active participation in the project. 
New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

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Source: CoinSpeaker

Ethereum [ETH/USD] Price Analysis: Coin chooses bull as short-term companion

Ethereum [ETH], the second largest cryptocurrency by market cap, continued to show healthy movement in the coin market. According to CoinMarketCap, at press time, Ethereum was trading $139.34, with a market cap of $14.67 billion. The trading volume of the cryptocurrency was $4.12 billion, with a rise of over 4% in the past seven days.
1-hour
Ethereum one-hour price chart | Source: TradingView
The one-hour chart of the cryptocurrency recorded downtrends from $142.52 to $140.19, and from $140.19 to $138.07. The uptrends for the coin were from $129.29 to $130.18, and from $131.40 to $136.75.
The coin’s immediate resistance was set at $138.07, and $140.20. Strong resistance for the cryptocurrency was seen at $142.53. The immediate support layers were placed at $136.09, and $130.69. Strong support for the cryptocurrency was at $129.27.
Parabolic SAR had its dotted markers below the candlesticks, indicating a bullish run for the coin.
Klinger Oscillator, on the contrary, showed that the reading line had crossed below the signal line, indicating the bear’s victory.
RSI showed that the buying and selling pressures for the coin were equally met in the market.
1-day
Ethereum one-day price chart | Source: TradingView
The one-day chart outlined downtrends from $218.66 to $157.56, and from $157.55 to $140.49 for the cryptocurrency. The uptrends were from $82.92 to $103.22, and from $103.22 to $131.40.
The immediate resistance for the coin was at $140.53 and the strong resistance was at $157.73. On the contrary, the immediate support was at $125.14, and the strong support was at $82.77.
Bollinger Bands forecast a reduced volatility as the bands were reuniting in the market after an explosion.
MACD showed that the moving average line placed itself below the signal line right after a crossover.
Chaikin Money Flow also supported the bear’s cause in the market as money was flowing out of the market in the long term.
Conclusion
Even though the coin was showing signs of a healthy market, long-term indicators forecast a market painted in red for the cryptocurrency.
The post Ethereum [ETH/USD] Price Analysis: Coin chooses bull as short-term companion appeared first on AMBCrypto.
Source: AMB Crypto