Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

ETH price started an upside correction and traded above the $210 resistance against the US Dollar.
The price gained traction above the $220 level and even traded close to the $230 level.
This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently consolidating below the $230 resistance, with support near $212.

Ethereum price is trading with a positive bias above $210 versus the US Dollar, whereas bitcoin jumped 10%. ETH price could dip towards $212 before it could break the $230 resistance.
Ethereum Price Analysis
After a significant decline, Ethereum price found support near the $190 level against the US Dollar. The ETH/USD pair started an upside correction and recently traded above the $200 resistance. Moreover, bitcoin price recovered sharply above $10,000, sparking bullish moves in the crypto market. ETH price gained traction and broke the $210 and $220 resistance levels.
Moreover, there was a close above the $220 level and the 100 hourly simple moving average. The price even broke the 23.6% Fib retracement level of the last major decline from the $229 high to $190 low. Additionally, there was a break above a connecting bearish trend line with resistance at $214 on the hourly chart of ETH/USD. However, the pair ran into this week’s followed key bearish trend linen at $230.
The pair is currently consolidating below the $230 resistance and near the 100 hourly SMA. An initial support is near the $220 level, below which the price may perhaps dip towards the $212 support level. If there are more losses, the price might move back in a bearish zone towards $200 and $195.
On the other hand, if the price gains momentum above the $230 resistance, it could continue to rise. The next key resistance is near the $235 level (the previous swing high) plus the 50% Fib retracement level of the last major decline from the $229 high to $190 low. If there are more gains, the price may even test the $245 level, representing the 61.8% Fib retracement level of the last major decline from the $229 high to $190 low.

Looking at the chart, Ethereum price is showing a few positive signs above the $212 support level. However, the bulls need to gain strength above $230 and $235 to push the price back into a positive zone.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is struggling to gain momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently well above the 50 level, with a bullish angle.
Major Support Level – $212
Major Resistance Level – $230
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Decentralization Taking Shape On a New Platform For Dapps and Services

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Decentralization Taking Shape On a New Platform For Dapps and Services
If any technology seeks to be adopted and widely used, it must have firm foundations to stand on. Credits may well be the solid ground the industry’s many participants have been seeking for turning their developments into reality.
Decentralization Taking Shape On a New Platform For Dapps and Services

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Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance

ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar.
The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225.
There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels.

Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. ETH price might start a fresh decrease if it fails to continue higher above $225.
Ethereum Price Analysis
Yesterday, we saw a sharp decline in bitcoin and Ethereum price against the US Dollar. ETH/USD even broke the key $200 support level and traded to a new monthly low. A swing low was formed near $190 and recently the price started an upside correction. It broke the $200 resistance to start a decent recovery. Moreover, there was a break above the $210 resistance plus the 50% Fib retracement level of the last decline from the $235 high to $190 low.
However, the price faced a strong resistance near the $218 and $220 levels. Moreover, there is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD. It seems like the pair struggled near the 61.8% Fib retracement level of the last decline from the $235 high to $190 low. Above the trend line, the next important resistance is near the $225 level.
The 100 hourly simple moving average is positioned near the $225 level to act as a strong resistance. The final hurdle for the bulls is near the $235 resistance and another bearish trend line. Therefore, the bulls are likely to face a lot of hurdles, starting with $218 and up to $235. Only a successful close above $235 might decrease bearish pressure and push the price towards $250.
On the other hand, if the price fails to climb above $220 or $225, it is likely to restart its decline. An immediate support is near the $210 level, below which the price may perhaps revisit the $200 handle.

Looking at the chart, Ethereum price is showing a few positive signs above the $210 level. Having said that, it must clear the $220 and $225 resistance levels to continue higher. If not, it could decline back towards $200 or the $190 low.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD might move back into the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently above the 50 level, with a bullish angle.
Major Support Level – $210
Major Resistance Level – $220
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Ethereum (ETH) in Free Fall, Down 34% Following Bitcoin Cash Idea

Ethereum (ETH) slides 34 percent as bears step up
Bitcoin Cash may be used to temporarily solve Ethereum’s scalability problems

Vitalik has an audacious plan of integrating Ethereum with Bitcoin Cash before ETH 2.0 full activation. However, there is resistance from some quarters with a majority against his idea. In the meantime, bears are in full throttle as ETH slumps 34 percent from last week’s close.
Ethereum Price Analysis
Fundamentals
Regardless of how Ethereum supporters try to scrutinize the platform’s performance, everything will boil down to scalability. Striking a perfect balance and ticking all the boxes satisfying the requirements of the blockchain trilemma is hard.
Therefore, while the developer community agitates for scalable networks, it all about making good choices. Presently, Vitalik and team chose decentralization and security over scalability. Limiting as it is, that is not stopping project managers from flocking and launching dApp from the platform. And Joseph Lubin, in an interview, said the network, despite challenges, has to some extent scaled:
“So, I think we’re at many tens of thousands of decentralized transactions per second on the Ethereum network right now. And another point that I believe is that we’ve got all this scalability for specific use cases.”
Therefore, the idea that Vitalik is putting forth is off-putting for Ethereum developers. While it could work considering Bitcoin Cash recent hard forks and their working towards inherently scaling the network without layer two options like in Bitcoin, his choice didn’t bode well with developers. Francis Pouliot said Vitalik’s proposal is an admission of failure:
“The shitcoin has hit a three-year low versus Bitcoin. The founder has all but declared the project a failure today by proposing a humiliating BCash integration to delay the (yet unsolved) scalability crisis.”
Candlestick Arrangements

Presently, the cryptocurrency scene is all red. Leading the plunge are periphery altcoins. Compared, ETH performance, considering its liquidity, is worse. Printing double-digit losses in the last week, bears are firmly in charge.
Note that despite the optimism, the fact that prices are now trading below the $230 support and sell trigger is a mark of bears. As such, and in line with previous ETH/USD trade plans, every pullback towards $230, which is previous support now resistance, is an opportunity to unload the coin at higher prices.
Ideally, and in a typical move, better reloading opportunities will be at $190 and $150 if sellers’ momentum is high.
Technical Indicators
Anchoring this trade plan is May 16 bull candlestick. With high trading volumes of 822k, the bar is visible and leading. Therefore, signaling the end of a retest will be a wide-ranging bull candlestick reacting either at $170-$190 support zone or $150 which is April low, distinct with high participation preferably exceeding 822k of May 16.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery

ETH price traded as low as $212 and recently corrected higher against the US Dollar.
The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone.
There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its slide if it struggles to clear the $240 resistance area in the near term.

Ethereum price is slowly recovering versus the US Dollar, along with bitcoin. ETH price is likely to face a lot of hurdles near the $240 and $242 resistance levels.
Ethereum Price Analysis
Recently, we saw a sharp decline in bitcoin, Ethereum, ripple and other major altcoins against the US Dollar. ETH/USD even broke the $240 and $230 support levels. The pair traded close to the $210 level and settled well below the 100 hourly simple moving average. A swing low was formed near the $212 level and the price recently started an upside correction.
More importantly, bitcoin price gained nearly 8%, sparking a recovery in ETH above the $220 resistance. Moreover, the price broke the 23.6% Fib retracement level of the last key drop from the $270 high to $212 low. It even traded above the $230 level, but struggled to clear the $235 resistance. At the outset, there is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD.
The channel resistance is also near the 50% Fib retracement level of the last key drop from the $270 high to $212 low. Therefore, the price is likely to face a strong resistance near the $240 area. A successful close above the $240 resistance may push the price towards the $250 and $255 levels. The 100 hourly SMA is also positioned near the $255 level and a bearish trend line on the same chart to act as a resistance.
Conversely, if there is no upside break above the $240 resistance, the price may resume its slide. An immediate support is near the $225 level, below which it could test the $220 level. If there are more losses, the price could revisit the $212 swing low in the near term.

Looking at the chart, Ethereum price is slowly recovering, but there are many hurdles on the upside near $235, $240 and $255. Therefore, sellers remain in action in the short term unless the bulls gain strength above $240 and $255.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD failed to stay above the 50 level and is currently moving lower.
Major Support Level – $220
Major Resistance Level – $240
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New York Gives Bitlicense to Crypto Derivatives Provider Seed CX

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New York Gives Bitlicense to Crypto Derivatives Provider Seed CX
NYDFS Superintendent Linda Lacewell said that Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC, who operate under Seed CX, had received BitLicenses.
New York Gives Bitlicense to Crypto Derivatives Provider Seed CX

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CZ Binance: Retail Investors are Steering The Crypto Price Rally

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CZ Binance: Retail Investors are Steering The Crypto Price Rally
Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, thinks Binance CEO ChangPeng Zhao. He states that this growth is partly due to increased margin trading availability.
CZ Binance: Retail Investors are Steering The Crypto Price Rally

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Ethereum Price Dives 20%: ETH/BTC Breakdown The Main Driver

ETH price declined heavily below key supports against the US Dollar and bitcoin.
The price broke the key $260, $230 and $222 support levels to register 20% losses.
There was a break below a short term declining channel with support near $227 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is heading towards the $200 support area, where the bulls may take a stand.

Ethereum price fell significantly below $250 and 0.0250 versus the US Dollar and bitcoin respectively. ETH price remains at a risk of more losses if it breaks $200.
Ethereum Price Analysis
In the past three sessions, there was a massive decline in bitcoin, Ethereum, ripple and other major altcoins against the US Dollar. ETH/USD started a solid drop after it broke the key $275 and $260 support levels. The price declined more than 20% and even broke the $230 support area. Moreover, the price broke the $222 support and settled well below the 100 hourly simple moving average. The price traded close to the $210 level and formed a new monthly low at $212.
It is currently trading with a bearish angle, with an initial resistance near the $220 level. The 23.6% Fib retracement level of the recent decline from the $240 high to $212 low is near the $219 level to act as a resistance. Besides, there was a break below a short term declining channel with support near $227 on the hourly chart of ETH/USD. The same channel might act as a resistance near the $225 level.
The 50% Fib retracement level of the recent decline from the $240 high to $212 low is also near $226 to act as a significant resistance. To start a decent recovery, the price has to move back above the $230 pivot level. In the mentioned case, it could even recover towards the $240 level.
Conversely, if there is no upside recovery above $220 or $225, the price could extend losses. An initial support is near the $212 low, below which the price is likely to test the $200 support area. The bulls are likely to appear near the $200 level and defend more losses.

Looking at the chart, Ethereum price is under a lot of pressure vs the US Dollar and bitcoin. The main support is near the $200 level. If the bulls fail to defend the $200 support, there are chances of more losses in the near term.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now near the extreme oversold readings.
Major Support Level – $200
Major Resistance Level – $225
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Ethereum Price (ETH) Holding Crucial Support: Next Key Break Nearby

ETH price remained in a bearish zone after it settled below the $280 support against the US Dollar.
The price declined heavily and recently tested the key support area near the $260 level.
There is a crucial bearish trend line forming with resistance near $282 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to recover as long as it is trading above the key $260 support area.

Ethereum price is struggling to recover after a massive decline against the US Dollar and bitcoin. ETH price could start a decent upside correction once it breaks $272 and $282.
Ethereum Price Weekly Analysis
This past week, there were sharp losses in bitcoin and Ethereum against the US Dollar. The ETH/USD pair failed to hold gains and declined below the key $285 and $280 support levels. Moreover, there was a close below the $280 support and the 100 simple moving average (4-hours). The price even broke the $270 support area and tested the next key support area near the $260 level.
In the past two days, there were two attempts to break the $260 support, but sellers struggled to gain strength. At the moment, the price is consolidating above $260 and is trading inside a contracting triangle with resistance near the $272 level. The 23.6% Fib retracement level of the downward move from the $319 high to $260 low is also near the $274 level to act as a resistance. However, the main resistance on the upside is near the $280 and $284 levels.
Moreover, there is a crucial bearish trend line forming with resistance near $282 on the 4-hours chart of ETH/USD. Above the trend line, sellers might put up a fight near the $290 level and the 100 simple moving average (4-hours). Additionally, the 50% Fib retracement level of the downward move from the $319 high to $260 low is near the $290 level. Therefore, an upside break above $282 and $290 won’t be easy.
On the downside, the main support is near the $260 level. If there is a downside break below the $260 support, the price is likely to accelerate losses below the $250 level in the coming days.

The above chart indicates that Ethereum price is holding the main support near $260. As long as there is no daily close below $260, there are chances of a decent recovery towards the $282 and $290 levels.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is slowly losing pace in the bearish zone.
4 hours RSI – The RSI for ETH/USD is currently recovering above 30 and it may test the 50 level.
Major Support Level – $260
Major Resistance Level – $282
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Last Month in Crypto: June’s Major Statistics

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Last Month in Crypto: June’s Major Statistics
Learn how the top crypto markets changed in the latest CORindex report, which covers key metrics like average rate, volatility, transaction volume, and other stats any serious cryptocurrency investor will want to familiarize themselves with.
Last Month in Crypto: June’s Major Statistics

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Source: CoinSpeaker

How to Run a Successful Security Token Offering in Compliance with New SEC Guidance

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How to Run a Successful Security Token Offering in Compliance with New SEC Guidance
With this tremendous growth and the widespread availability of crypto technology, STOs may soon be a viable way for most companies to raise revenue. However, some aspects of the STO bear a bit of explaining beforehand.
How to Run a Successful Security Token Offering in Compliance with New SEC Guidance

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Ethereum Vulnerable, ETH Price Below Three-Month Support

Ethereum (ETH) is down 3.2 percent
Omar Reyes, a candidate vying for a Congress seat in Florida, wants to issue an Ethereum token

Props, an ERC-20 token, is compliant with a key regulation. As a result, investors can have a financial stake in the issuing company following SEC qualification. As of the time of writing, bears are in control after the July 11th’s breakout below the main support trend line.
Ethereum Price Analysis
Fundamentals
Well, it appears as if blockchain is not immune from politics. The disruptive platform may have a global reach, but recent comments from President Trump, for example, is amplifying public curiosity.
While digital assets are resilient with no point of weakness, jurisdiction-specific laws bind project launching on Ethereum or similar platforms. That is the precise reasons why a candidate vying for a Congress seat in Florida Omar Reyes is seeking approval from the U.S. Election Authority.
His idea is to issue an ERC-20 token, the Omar2020, in a bid to incentive volunteers on his campaign trail. A report by CoinDesk reveals that Omar’s team sent a letter to the Federal Election Commission (FEC).
Meanwhile, the U.S. Securities and Exchange Commission (SEC) is granting You Now’s token,  known as “Props”, a Reg A+ qualification. Talking to TechCrunch, Props chief executive Adi Sideman said:
“Our offering of Props is the first consumer-facing offering of ‘Howey tokens’ to be qualified by the SEC. It makes it the first offering of consumer-oriented utility tokens that the SEC deems compliant, outside of Bitcoin and Ether.”
He adds that:
“We used Regulation A+ (Reg A) for this qualification, so that Props may be earned by, and provide the functionality to, non-accredited investors, users, apps and validators, in compliance with U.S. regulations.”
Candlestick Arrangement

Unlike Bitcoin, which is stable and trading above critical support levels, ETH is vulnerable. While fundamentals are bullish, the fact that prices are now trading below two levels of support is bearish.
That divergence alone means that in the medium-term prices may recover. However, for now, sellers are in the driving seat. Because of yesterday’s draw down confirming June 26 and 27 double bar bear reversal pattern, bears have the upper hand.
As such, every high is technically a selling opportunity with the first target at $230. Note that behind yesterday’s break out is increasing trading volumes cementing the outlook from this trade plan.
Technical Indicators
Anchoring this trade plan is July 12th’s bearish candlestick. It is conspicuous as it breaks below the main support trend line with above-average trading volumes of 220k against 137k. To sustain bears, it will be ideal that further losses be with increasing participation revealing sell-offs in lower time frames.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Litecoin is Now the ‘Official Crypto’ for Miami Dolphins

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Litecoin is Now the ‘Official Crypto’ for Miami Dolphins
Litecoin Foundation and American football team the Miami Dolphins teamed up to usher in cryptocurrency payments. The partnership will start during NFL season, where the Dolphins will accept Litecoin (LTC) as their “official cryptocurrency.”
Litecoin is Now the ‘Official Crypto’ for Miami Dolphins

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Source: CoinSpeaker

Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker Attack

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Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker Attack
Japanese licensed cryptocurrency exchange Bitpoint has become a new victim of hackers and lost $32 million in crypto assets in the recent attack.
Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker Attack

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Support for TRON and Bitcoin Blockchains Added on Opera’s Crypto Wallet

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Support for TRON and Bitcoin Blockchains Added on Opera’s Crypto Wallet
Good news, you can now send and receive TRON (TRC 10 tokens and TRX) and Bitcoin (BTC) through the beta version of the Opera browser for Android. The new version also allows webpages to conduct transactions with Bitcoin.
Support for TRON and Bitcoin Blockchains Added on Opera’s Crypto Wallet

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Source: CoinSpeaker