Cryptopia: Stolen Ethereum [ETH] funds continues to move; a portion sent to EtherDelta

The hacker who stole a mammoth amount of cryptocurrency funds from Cryptopia, a New Zealand cryptocurrency exchange, continues to move to stolen funds in the market. Unlike the previous attempts, this time around the attacker transferred the funds to a decentralized exchange, EtherDelta.
Notably, this is not the first time for a hacker to opt for decentralized platforms instead of a centralized one. Another hack that reportedly took place in Marck 2019 also saw a similar pattern; the attacker who had stolen around $105 million worth of Ethereum and other cryptocurrencies from Coinbene had transferred a portion of the coins to EtherDelta.
According to Whale Alert, at press time, a total of six transactions were made to EtherDelta, approx. 3000 Ether, which was worth $758,509. To add on, a total of 1000 ETH, worth around $251,264 was transferred to another address that was used to hack the exchange. This was followed by another Twitter user, Crypto Shork, ponting out that the hacker made two transactions on EtherDelta.

Wallet:
0x1e16253b81F418ee44430d94502Bc766fe8CaDba
Still has 185.6 ETH on ED. So far he sent 12 and 15.7895 ETH to the following wallet:
0x3d40897675A7467A73610c3ABbBc8292835e67F2
— Crypto Shork (@CryptoShork) May 21, 2019

Notably, a Reddit user, FlashyQpt remarked that this was “an unnecessary amount of effort for very little gain”, considering that it was “very easy” to track these transfers. The Redditor stated, “It’s not unusual to see insane trades happen because the EtherDelta/ForkDelta platform lacks any sort of order matching. ” The user added that hacker was trying to “unmark” the stolen Ethereum coins.
The user went on to state,

The Eth was sent to the EtherDelta contract from this address where it was traded and withdrawn onto this fancy new “clean” one. You can tell that this is the address that is on the other side of the trades because the EtherDelta contract emits a Trade event that shows you all of this.”

Source: Reddit
Giraffenmensch, another Reddit user said,
“It’s dumb but a lot safer than using those dogy tumbler services. And I think the hacker is betting on the fact that courts and law enforcement are largely still completely clueless regarding cryptocurrency and might actually fall for it. Also they might do other things, maybe that’s only the first step.”
Source: Reddit
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Source: AMB Crypto

Analysts Expect Ethereum to Surge Higher in Near-Future as Technical Foundations Strengthen

Bitcoin’s upwards ascent over the past several weeks has proven to be very positive for the aggregated crypto markets, and has allowed many major cryptocurrencies, including Ethereum (ETH), to put a significant amount of distance between their current prices and their yearly lows.
Analysts now believe that this upwards momentum is likely to continue, which may allow Ethereum to extend its upwards surge towards $300 in the near future.
Ethereum (ETH) Builds Strong Technical Foundations 
At the time of writing, Ethereum is trading up just under 2% at its current price of $251, up from its daily lows of $245.
While looking at ETH’s long-term price action, the cryptocurrency is trading up significantly from its 2018 lows of just under $90, and up from its 90-day lows of $130. Ethereum’s upwards ascent has been driven by Bitcoin’s recent surge that has sent BTC from lows of roughly $3,000 to highs of nearly $8,400.
Ethereum’s upwards surge has allowed it to form some bullish technical formations that may allow it to surge higher in the near future, with its most notable recent formation being a coveted “golden cross” that may lead it to surge higher in the near-future.
Etherdamus (formerly known on Twitter as TheScienceGuy9489) recently told his nearly 10,000 followers on Twitter that ETH’s golden cross has now been confirmed, which may lead to some bullish volatility in the near-future.
“#ETH Golden Cross Confirmed. Could take up to a few days for effect to show in price,” he said in a recent tweet.

#ETH Golden Cross Confirmed. Could take up to a few days for effect to show in price. pic.twitter.com/eK3dksfAn7
— Formerly ScienceGuy9489 (@Etherdamus) May 21, 2019

Analyst: ETH May Surge Towards $300 Next
As for where this upwards momentum may lead Ethereum next, one analyst believes that there is a strong possibility that the crypto may test $270, with a break above this level leading it significantly higher.
The Cryptomist, another popular cryptocurrency analyst on Twitter, discussed her thoughts on ETH in a recent tweet, noting that it currently has support at $249, and a near-term upside target existing at around $269.
“$ETH I have adjusted the candle resistance ever so slightly from previous post. We are within the apex of pennant. Expecting a move within 16 hours. Breakup tests $269 first, with alts moving with. Support is at 249 region,” she explained.
In order for Ethereum and other altcoins to form another upwards leg in the near-future, it is important that Bitcoin either continues advancing higher, or begins to find stability and consolidate around its current price levels, as a rejection and pullback could jeopardize the market’s momentum.
It is likely that traders and analysts alike will gain a better understanding of which direction Bitcoin and the aggregated crypto markets are heading next in the near-future.
Featured image from Shutterstock.
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Coinbase’s Weekly Ethereum (ETH) Volume Up 28% Could Be A Bullish Hint

Ethereum (ETH) up 28.1 percent
Trading volumes surge ahead of Istanbul hard fork and Serenity

Serenity is supportive of prices. So far, Ethereum (ETH) is up 28.1 percent. Even so, there is room for further upsides once there is a close above the psychological $300 mark.
Ethereum Price Analysis
Fundamentals
Several factors are behind investors’ confidence in Ethereum (ETH). Apart from liquidity, fundamentals are overly bullish. Because of expectations and belief of how prices will pan out in days ahead, ETH is literally on a roll. Week to date, prices surged 28.1 percent.
As a result, the asset is one of the top performers, trailing Bitcoin SV, which is back in the top ten after adding 73.2 percent in the last 24 hours. Perhaps in response, Coinbase saw a spike in Ethereum (ETH) related volumes. Combined, ETH trading volumes against supported fiat rose to over $1 billion, the highest since Dec 2017.
However, with developers working overtime to beat the tight deadline of Ethereum 2.0 and hard fork Istanbul set for Oct 19, the network is increasingly attractive for developers and projects keen on working from a secure platform with facilitating ecosystem. In turn, that will most likely further drive prices up, and that will also lead to more participation now that there is better awareness of what crypto and Ethereum (ETH) is.
Candlestick Arrangement

Up 2.2 percent in the last day, Ethereum (ETH) prices are stable, but there is room for further upsides thanks to supportive fundamentals as well as favorable candlestick arrangement. From the chart, caps are at $275.
Following the successful correction of May 16 prices and the strong comeback, odds are the retracement is a perfect opportunity for traders to buy on dips with targets as laid out in our last ETH/USD trade plan.
Notice that, buyers are in control in an effort versus result point of view and dictates from breakout rules. All the same, it all depends on how prices react in the next few days. If prices edge past $275, then ETH will likely expand to $300 and $400. On the flip side, any dip and close below the 61.8 percent Fibonacci retracement level of May high low could see ETH drop to within the $170 to $190 zone in a retest.
Technical Indicators
As a result, our anchor bar is May 16. It is wide-ranging with high transactional volumes—822k against 356k. Any break above or drop below $275 or $230 ought to be with high volumes exceeding the current average of 422k or 822k confirming bulls or temporarily invalidating our bull trend.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
 
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Cryptopia hack: Over $7 million worth of Ethereum [ETH] transferred by hacker to unknown wallet

The New Zealand cryptocurrency exchange, Cryptopia, which fell to its doom due to a security breach that occurred earlier this year, continues to stay in the headlines. The attacker, who almost drained the exchange’s entire Ethereum wallets, has been transferring the stolen funds since the beginning of the day.
Whale Alert, a Twitter account that tracks the large sum of cryptocurrency transactions for all the top coins, has been tracking the movements of all coins compromised to recent hacks. A few minutes ago, the social media account showed that large sum of Ethereum tokens was further being moved to a different wallet.  A total of four different transactions were completed, with around 29770.7290449 ETH [over $7 million] were transferred within 15 minutes.
Notably, all the ETH from the wallet d96ba527be241c2c31fd66cbb0a9430702906a2a was transferred tod4e79226f1e5a7a28abb58f4704e53cd364e8d11, draining all the cryptocurrency from the initial wallet. More so, the attacker first transferred a 1 ETH before making huge transactions.
Wallet address transferred from | Source: EtherScan
Wallet address transferred to | Source: EtherScan
This was not the first transaction of the day; the hacker transferred a small chunk of ETH earlier today and ERC20 tokens were also moved to different exchanges.
The post Cryptopia hack: Over $7 million worth of Ethereum [ETH] transferred by hacker to unknown wallet appeared first on AMBCrypto.
Source: AMB Crypto

Why IEOs Might Drive New Investors to the Crypto Market

Coinspeaker
Why IEOs Might Drive New Investors to the Crypto Market
In this article, we will be exploring the main reasons why IEOs may, in fact, drive a flock of new investors into the crypto market.
Why IEOs Might Drive New Investors to the Crypto Market

Continue reading at Coinspeaker
Source: CoinSpeaker

Cryptopia: Stolen Ethereum transferred to unknown wallet days after exchange confirms liquidation

The saga of the hacked New Zealand-based cryptocurrency exchange, Cryptopia, doesn’t seem to end. Just a week after the exchange entered the liquidation process, over 30,000 ETH stolen from Cryptopia in January was transferred to an unknown wallet.
As confirmed by WhaleAlert, a tracker of large cryptocurrency-related transactions, the transfer occurred at 01:43:57 UTC on 20 May 2019. The exact amount in question was 30,790 ETH, valued at $7.74 million, at press time.
The Whale Alert tweet read,
“30,790 #ETH (7,740,465 USD) transferred from Cryptopia Hack to unknown wallet”
Based on the transaction details presented by Whale Alert, the from address of 3fbaa73a433daa0f6c43d1c732c3f97a86f3a427 was titled “Cryptopia Hack,” and the receiving address was d96ba527be241c2c31fd66cbb0a9430702906a2a, which has not been confirmed by the site. The hashrate, for the particular transaction, was 16b674afe80107bc3acfe2ee613c8371e0987a36dc0ae51ad3de57458136441b.
Source: Whale Alert
The exchange has not confirmed the incident, as of press time. However, on May 15, Cryptopia had made it clear to its remaining customer base to halt deposits immediately. Their tweet had read,
“PLEASE DO NOT SEND ANY DEPOSITS TO CRYPTOPIA.”
Last week, following queries from distressed customers after the exchange’s unscheduled maintenance halt, Cryptopia announced that it would be entering into a liquidation phase, carried out by Grant Thornton. Officials from the accounting firm confirmed that this process could take months.
Cryptopia’s problems began in January, when the exchange suffered what would be the first of two hacks. The first attack caused a loss of $16 million in ETH. Weeks after the January hack, a second attack took place and cost the exchange $180,000 in Ether. After weeks of confusion, the exchange resumed services in March 2019.
Back in March, a similar quantity of ETH was transferred from aa923cd02364bb8a4c3d6f894178d2e12231655c titled “Cryptopia Hack,” to an unknown wallet, 3fbaa73a433daa0f6c43d1c732c3f97a86f3a427, to the tune of 30,789 ETH, worth $4.28 million at the time.
Interestingly, the address 3fbaa73a433daa0f6c43d1c732c3f97a86f3a427 prior to the recent transaction saw an outgoing transaction of 1 Ether, totaling the March amount.
Source: Etherscan
The post Cryptopia: Stolen Ethereum transferred to unknown wallet days after exchange confirms liquidation appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum (ETH) Price Correcting Gains: Key Buy Zones Nearby

ETH price rebounded nicely and traded above the $240 and $250 resistances against the US Dollar.
The price tested the $265 level and it is currently correcting lower towards the $240 support.
There is a key bullish trend line forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to find a strong buying interest near $240 and the 100 hourly simple moving average.

Ethereum price remains in a strong uptrend above $240 versus the US Dollar, but consolidating vs bitcoin. ETH is currently correcting lower, but dips remains supported near $240.
Ethereum Price Analysis
After forming a decent support base, Ethereum price rebounded nicely and traded above the $240 and $250 resistances against the US Dollar. The ETH/USD pair even cleared the $260 level and settled well above the 100 hourly simple moving average. A swing high was formed near $265 and recently the price started a downside correction. It declined below the $260 level and the 23.6% Fib retracement level of the recent leg from the $232 low to $265 high.
It even traded below $255 and it is currently tested the $248-250 support area. The 50% Fib retracement level of the recent leg from the $232 low to $265 high is also acting as a support. To the downside, there is a strong support forming near the $240 level. Besides, there is also a key bullish trend line forming with support near $240 on the hourly chart of ETH/USD. The trend line coincides with the 76.4% Fib retracement level of the recent leg from the $232 low to $265 high. Therefore, as long as the price is above the $240 support, it is likely to bounce back.
More importantly, the 100 hourly simple moving average is near the trend line and the $240 support. If there is a downside break below the $240 support, the price could retest the $232 support area. On the upside, an initial resistance is near $257-258. If there is an upside break above $260, there are high chances of a fresh high above the $265 level in the near term.

Looking at the chart, Ethereum price is currently correcting lower towards a few important supports near $240. The bulls are likely to remain active as long as the price is above $240 and the 100 hourly SMA. On the upside, a clear break above $257 and $260 might push the price towards $280.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly moving in the bearish zone.
Hourly RSI – The RSI for ETH/USD moved down below 40 and it is currently heading towards the 40 level.
Major Support Level – $240
Major Resistance Level – $260
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Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX witness steady growth

After the recent pullback of Bitcoin, the market was forced to fall drastically, Ethereum saw a steady recovery post the fall. Ethereum ranked number 2 overall and was priced at $259.12, with a market cap of $27.5 billion. The 24-hour trade volume came up to $23.62 billion out of which, BitMEX contributed 13.94% via XBT/USD. ETH saw a price surge of 9.85% in the last 24 hours, at press time.
Tron, ranked eleventh overall was priced at $0.0294, with a market cap of $1.96 billion. The 24-hour trade volume came up to $683 million, out of which, BW.com contributed 8.09% via the TRX/USDT pair. A price surge of 9.64% was seen by TRX in the last 24 hours.
1-Day – ETH
Source: TradingView
The one-day chart of ETH showed an uptrend from $150.8046 to $264.1566. The support points were seen at $84.4047, $104.1055 and $153.1049. The point of correction was seen at $264.7427.
The Chaikin Money Flow indicated that the inflow of capital into the ETH market was more that the outflow.
The MACD indicator showed a bullish crossover.
The Relative Strength Index put the coin in the overbought zone.
1-Day – TRX
Source: TradingView
The one-day chart of TRX showed an uptrend from $0.0132 to $0.0236. The support points stood at $0.0126, $0.0225 and $0.0255. The resistance was seen at $0.0307.
The Parabolic SAR indicated a bullish trend as the dotted markers were under the candles.
The Bollinger Bands indicated volatility in price as the band expanded.
The Relative Strength Index indicated a bullish trend as the graph was closer to the overbought zone.
Conclusion
The one-day charts of ETH and TRX are in a bullish market if the indicators are to be believed.
The post Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX witness steady growth appeared first on AMBCrypto.
Source: AMB Crypto

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than most traders would have predicted from its historic prices. Moreover, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted,
“BTC on the move again… Asian market certainly doing their bit today.”
This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
The other four performing coins
Opening Price: $6968
Closing Price: $8109
The weekly gains: 16.3%
Weekly High/Low: $8390/$6178
Binance [BNB] Coin
Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain.
BNB/USD 1-Day Chart on TradingView
Opening Price: $20
Closing Price: $29.5
The weekly gains: 47.6%
Weekly High/Low: $32.2/$19.9
Stellar [XLM]
Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC.
XLM/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $0.10
Closing Price: $0.14
The weekly gains: 40%
Weekly High/Low: $0.16/$0.117
Ethereum [ETH]
Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets.
Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run
ETH/USD 1-Day Chat on Coinbase (TradingView)
Opening Price: $188
Closing Price: $259
The weekly gains: 38%
Weekly High/Low: $281/$185
Tezos [XTZ]
Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform.
It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2.
XTZ/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $1.24
Closing Price: $1.77
The weekly gains: 43.4%
Weekly High/Low: $1.833/$1.23
XRP, Dash, IOTA, and Cosmos [ATOM]
The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains.
The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 19th May 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
Source: CoinGape

Ethereum (ETH) Price Surging: Bulls Eyeing Fresh 2019 High

ETH price started a fresh increase after a sharp downside correction towards $225 against the US Dollar.
The price is currently gaining traction and it broke the $240 and $245 resistance levels.
There is a crucial bullish trend line in place with support near $236 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is surging higher and it seems like there could be more gains towards the $275 and $285 levels.

Ethereum price is once again gaining bullish momentum versus the US Dollar, similar to bitcoin. ETH is eyeing more gains and it seems like the price could revisit the $280 swing high.
Ethereum Price Weekly Analysis
This past week, Ethereum price gained a strong bullish momentum above the $250 resistance against the US Dollar. The ETH/USD pair rallied above the $260 and $270 resistance levels. The upward move was such that the price traded to a new 2019 high near $281. Later, there was a strong downside correction in both bitcoin and Ethereum. ETH price declined sharply below the $260 and $250 support levels. It traded close to the $225 level and stayed well above the 100 simple moving average (4-hours).
A swing low was formed recently near $223 and a new support base was formed. Moreover, there is a crucial bullish trend line in place with support near $236 on the 4-hours chart of ETH/USD. As a result, the pair climbed higher and broke the $240 resistance. There was a break above the 23.6%% Fib retracement level of the last decline from the $281 swing high to $223 low. It opened the doors for more gains above the $250 level. The price is now testing the 50% Fib retracement level of the last decline from the $281 swing high to $223 low.
A clear break above the $255 resistance is likely to set the pace for more gains. The next immediate resistance is near $258, above which the price will most likely retest the $281 swing high. The next important resistance is near the $288 and $292 levels. On the downside, the main support for the bulls are near $240 and $225.

The above chart indicates that Ethereum is placed nicely above the key supports near $240 and $225. Therefore, there are high chances of a strong upward move was above the $255 and $260 resistance levels. The next target for the bulls could be $300.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is currently gaining pace in the bullish zone.
4 hours RSI – The RSI for ETH/USD is now well above the 50 level and it could climb towards 80.
Major Support Level – $225
Major Resistance Level – $280
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Bitcoin Cash, Ethereum, and other altcoins follow Bitcoin’s lead and pump by more than 6% in under 2 hours

Although the price of each cryptocurrency should matter on its own status and developments in its own ecosystem, it doesn’t. The price of altcoins is largely correlated to Bitcoin’s, which explains this pump in altcoins.
The second largest cryptocurrency, Ethereum, pumped by more than 7% in less than 2 hours, which was the same case for Bitcoin Cash. The price of Ethereum, at press time, was $249 and had a market cap of $26 billion.
Source: TradingView
Bitcoin Cash, the fourth largest cryptocurrency, pumped by 8% in under two hours. The price reached $385 and the market cap hit $6.7 billion.
Source: TradingView
The amount of Bitcoin Cash transferred in 24-hours was almost equivalent to its market cap, which is massive, and in simple terms, explains how Bitcoin Cash is better than Bitcoin in terms of scaling and transaction settling.
Other altcoins followed Bitcoin’s lead as they pumped; XRP, EOS, Litecoin, and Stellar Lumens surged by approximately 6% in less than 2 hours. However, Binance Coin didn’t react to the pump in Bitcoin’s prices.
The post Bitcoin Cash, Ethereum, and other altcoins follow Bitcoin’s lead and pump by more than 6% in under 2 hours appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum (ETH) Currently Overvalued, Correction May Be Inbound

Ethereum (ETH) up 37.9 percent, a retest of $200 likely
Barry Silbert of Digital Currency Group (DCG) is confident that prices will snap back to trend.

With supportive technical and fundamental factors, Barry Silbert is positive that asset prices will shake off sellers. Meanwhile, Ethereum (ETH) is stable and up 37.9 percent in the last week.
Ethereum Price Analysis
Fundamental
There is an element of resiliency in the ongoing correction. At the back of increasing awareness, an inclination towards data privacy and control, volatility and infrastructure development, today’s dip is markedly different from previous corrections.
Taking note is Barry Silbert, the founder, and CEO of Digital Currency Group (DCG), who told Bloomberg that fundamental and technical factors are supportive of price:
“Sentiment, the technicals look great. An 80 percent draw-down happened three or four times, and every time that’s happened [it hit] record highs. So as soon as you get the price going back up and animal instincts come back, [the market recovers].”
Adding that:
“But the difference between this increase in price and the bubble in 2017 is the infrastructure much different. You have custodians now. You have trading software, you have compliance software, and people are educated about the asset class, so this time is different.”
Candlestick Arrangements

What we have in the daily chart is a clear double bar bear reversal pattern. Even though prices are up 1.3 percent and 37.9 percent from last week and day, sellers have the upper hand. It is easy to see why.
First, note that May 16th and 17th bars did close above the upper BB (Bollinger Bands). From candlestick arrangement and BB rules, that is an over-extension that is usually followed by a correction — which is in progress.
Secondly, May 17th bear bar has high participation levels with sellers liquidating their positions triggering a fall. Bear momentum spilled over to today, and in confirmation, risk-off traders can begin unloading Ethereum (ETH) with targets at $190 in line with our last ETH/USD trade plan.
Apart from the two reasons, note that there is a lower low between May 11th and today’s close from BB analysis. If anything, that is bearish. On the other hand, any spike above May 16th highs will signal trend continuation, canceling out sellers.
Technical Indicators
Typical of ETH retracement and breakouts, it is likely that prices will drop back towards the 78.6 percent ($200) or April highs in a retest. Ideally, what would mark out sellers is a high volume—exceeding 537k — close below May 16th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ethereum [ETH] vs Tron [TRX] Price Analysis: Bulls moving with sluggish steps

Ethereum prices were hiking even after the Bitcoin crash as the bulls raced past the $244.57 mark and was trading at $239.81. Ethereum fell by 0.42% over the past 24 hours. The market cap of Ethereum was $25.44 billion, with $13.58 billion in 24-hour trading volume.
Tron endeavours towards building a user-centric system wherein the users have authority over centralized organisations. Tron gained momentum in the market with the launch of it’s latest security feature – zk-Snarks- to up its privacy settings. Tron was priced at $0.0271 with a market cap of $1.8125 billion, at press time. Tron stood at the eleventh position on the top cryptocurrencies list around the globe, with $812 million in trading volume.
1-Day ETH
ETH saw an uptrend from $136.39 to $255.60. There were two resistance lines at $247.74 and $195.83. Support lines were drawn at $99.44 and $86.37.
Source: TradingView
Bollinger Bands indicated a high rate of volatility in the ETH market.
Awesome Oscillator indicated a bullish buying opportunity as the long-term momentum was inferior to short-term momentum.
Chaikin Money Flow indicator pictured the indicator line above the zero-line. The money flowing into the market was exceeding the money flowing out of the market.
1-Day TRX
Source: TradingView
TRX saw two uptrends, first from $0.0153 to $0.0287 and second from $0.0262 to $0.0307. Resistance lines stood at $0.0307 and $0.0267, and the support line was positioned at $0.0126.
Bollinger Bands depicted an increased rate of volatility in the TRX market.
Awesome Oscillator showed a bullish buying opportunity as it was evident from the graph that the short-term momentum was greater than the long-term momentum.
Chaikin Money Oscillator showcased the indicator line falling, but above  zero. This indicated that money flowing into the market was higher the money flowing out of the market.
Conclusion
ETH and TRX were showing signs of a bullish trend as the market.
The post Ethereum [ETH] vs Tron [TRX] Price Analysis: Bulls moving with sluggish steps appeared first on AMBCrypto.
Source: AMB Crypto

Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Crypto News – 18 May – Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more
Don’t forget to follow us for our daily videos#ripple #tron #OKEx #TRON #RIPPLEARMY pic.twitter.com/qmWcp9X2nG
— AMBCrypto (@CryptoAmb) 18 May 2019

Daily Crypto News – May 18
1) XRP-backed stablecoin: Kava Labs is developing a stablecoin, USDX, backed by XRP on a Cosmos Zone, which dynamically maintains stability to USD with decentralized mechanisms.
Read more at https://bit.ly/2HE7xAv
2) BitMEX insurance funds: While some panicked when Bitcoin crashed suddenly, others remained calm and assessed the situation. It was noticed that there was a huge sell order on Bitstamp, which pushed the price of Bitcoin by ~20% in a few minutes.
Read more at https://bit.ly/2VNgUaK
3) USDC do not exceed balance of US dollars: News revolving around the USD Coin [USDC] had taken a negative connotation when Coinbase CEO Brian Armstrong was called out for shilling the cryptocurrency. As a way to put any fears or speculations to bed, Grant Thornton LLP, an independent accounting firm released the latest attestation report on US dollar reserves backing USDC.
Read more at https://bit.ly/2Ej5dxM
4) SatoshiPay launches Solar Wallet: SatoshiPay has been working closely and designing micro-payment apps for the Stellar Network. Earlier this year, the micro-payment solution company launched ‘Solar wallet’, a stellar network-based and user-friendly desktop wallet. The Solar Wallet has proved to be user-friendly and easy-to-use and can securely manage funds.
Read more at https://bit.ly/2HrJ6HH
5) Blockstream CSO on Bitcoin: Samson Mow, Blockstream’s Chief Strategy Officer appeared in the latest Keiser Report discussion featuring Max Keiser. Talking about the satellite, Mow said that the purpose of Blockstream satellite was to provide redundancy for the Bitcoin [BTC] network.
Read more at https://bit.ly/2VvuQkY
6) HitBTC is insolvent, claim customers: According to a series of tweets by CryptoMedication, from Zerononcense, cryptocurrency analytics and research firm, the exchange is “insolvent”. The Twitter handler exclaimed his surprise that the exchange was “still in operation” as they had only 350,000 BTCs after their liquidation.
Read more at https://bit.ly/2JtlOTK
7) Weiss Ratings on Bitcoin’s price movement: Weiss Ratings, the crypto-specific rankings company, which, at times has rubbed the cryptocurrency industry the wrong way on predictions, suggested an absence of “manipulation” and termed the fiasco as a “normal market correction”.
Read more at https://bit.ly/2JrYtlE
The post Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more appeared first on AMBCrypto.
Source: AMB Crypto

Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody Business

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Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody Business
Coinbase is in advanced talks to buy custody provider Xapo. The deal will cost around $50 million for the US major cryptocurrency exchange. However, the decision hasn’t been made yet.
Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody Business

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Source: CoinSpeaker