3AC: A $10B hedge fund gone bust with founders on the run

There Are Only 2 Million Units Of Bitcoin Left To Mine — Why Does It Matter?

Bitcoin passed a historic benchmark on Friday with the issuance of 19 million coins. This means that there are only 2 million coins remaining for anyone interested in taking ownership of the most sought-after digital asset in the world. BTC is trading at $46,750 on Coingecko as of early Saturday evening, up 5.5%  in the […]

TA: Ethereum Breaks Key Support, Why Decline Isn’t Over Yet

Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended decline and settled below the $3,000 support zone. Ethereum started another decline and traded below the key $3,000 support. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near the $3,035 level. Ethereum Price Extends Decline Ethereum remained in a bearish zone below the $3,120 level. ETH broke the key $3,000 support zone to move further into a bearish zone. The bears even pushed the price below $2,980. A low is formed near $2,951 and the price is now consolidating losses. Besides, ether price now trading below $3,050 and the 100 hourly simple moving average. On the upside, an initial resistance is seen near the $2,990 level. There is also a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD. The next major resistance is near the $3,035 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to $2,951 low. A close above the $3,035 level might start a decent recovery wave. The next major resistance could be near the $3,130 level. The 50% Fib retracement level of the recent decline from the $3,308 swing high to $2,951 low is also near $3,130. Source: ETHUSD on TradingView.com A clear move above the $3,130 resistance could increase the chances of a trend change. In the stated case, the price could climb above the $3,150 zone. More Losses in ETH? If ethereum fails to start a recovery wave above the $3,035 level, it could continue to move down. An initial support on the downside is near the $2,965 zone. The next major support is near the $2,950 level. If there is a downside break below the $2,950 support, the price could resume its decline. In the stated case, the price could drop towards the $2,820 level or even $2,800 in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now correcting higher towards the 40 level. Major Support Level – $2,950 Major Resistance Level – $3,035

SLIM Is Available Both on Changelly and Changelly PRO

Changelly is happy to announce that the SLIM token has joined our big family. From now on, our users will be able to quickly and…

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