Crypto News Ethereum

TA: Ethereum Price Momentum Above $1,320: Here’s Why Bulls Are Comfortable

Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum recovered above $1,300 and started a consolidation phase. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone. Ethereum Price Eyes Upside Break Ethereum started a steady recovery wave above the $1,300 resistance zone. The bulls were active above the $1,300 level and ETH settled into a short-term positive zone. There was a clear move above the 50% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. Ether price even spiked above the $1,340 resistance, but upsides were limited. It is now trading above $1,310 and the 100 hourly simple moving average. There is also a key declining channel forming with resistance near $1,340 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,340 and $1,350 levels. The next major resistance is near $1,364 level. It is near the 76.4% Fib retracement level of the key decline from the $1,400 swing high to $1,252 low. A clear break above $1,364 might start a decent increase towards the $1,400 level. Source: ETHUSD on TradingView.com Any more gains may perhaps open the doors for a move towards the $1,450 resistance zone, above which the price could surge to $1,500. Fresh Decline in ETH? If ethereum fails to climb above the $1,340 resistance, it could start a fresh decline. An initial support on the downside is near the $1,310 level. The next major support is near the $1,290 level and the channel lower trend line. A downside break below the $1,290 level might send the price towards the $1,265 support in the near term.  Any more losses could increase selling and the price might drop to $1,250 or even towards $1,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now just above the 50 level. Major Support Level – $1,290 Major Resistance Level – $1,350

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Australian Central Bank Details Active CBDC Pilot Project In Telling Whitepaper

Australians are already testing a CBDC. Surprising no one, considering the authoritarian way that the government handled the lockdowns. The jury is still out on Central Bank Digital Currencies, while some authorities see them as problematic and prone to abuse, others are running a pilot program. The Reserve Bank of Australia, the country’s Central Bank, […]

Crypto News Ethereum

TA: Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is the Key

Ethereum is gaining pace above $1,360 against the US Dollar. ETH could start a fresh rally if there is a clear move above the $1,400 resistance zone. Ethereum is showing positive signs above the $1,320 and $1,350 support levels. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the key $1,400 resistance zone. Ethereum Price Aims Higher Ethereum was able to form a support base above the $1,260 level. ETH started a steady increase after it cleared the $1,300 resistance, similar to bitcoin. The price cleared the $1,330 and $1,350 resistance levels to enter a positive zone. Besides, there was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD. The pair is now trading above the 76.4% Fib retracement level of the downward move from the $1,419 swing high to $1,219 low. Ether price is also trading above $1,350 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,395 and $1,400 levels. The next major resistance is near $1,420 level. A clear break above $1,420 might start a decent increase towards the $1,465 level. It is near the 1.236 Fib extension level of the downward move from the $1,419 swing high to $1,219 low. Source: ETHUSD on TradingView.com Any more gains may perhaps open the doors for a move towards the $1,500 resistance, above which the bulls could aim $1,580 in the coming sessions. Dips Limited in ETH? If ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,350. The next major support is near the $1,320 level and the 100 hourly simple moving average. A downside break below the $1,320 level might send the price towards the $1,250 support in the near term.  Any more losses could increase selling and the price might drop to $1,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,320 Major Resistance Level – $1,400

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TA: Ethereum Key Indicators Suggest A Strengthening Case For More Losses

Ethereum declined sharply from the $1,655 resistance zone against the US Dollar. ETH is struggling and remains at a risk of more losses below the $1,450 level. Ethereum started a fresh decline after it failed to clear the $1,650 resistance zone. The price is now trading below $1,550 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate further lower below the $1,450 support zone in the near term. Ethereum Price Starts Fresh Decline Ethereum failed to gain strength for a move above the $1,650 and $1,660 resistance levels. ETH formed a top near the $1,653 level and started a fresh decline. There was a steady decline below the $1,600 level and the 100 hourly simple moving average. The price even traded below the $1,550 and $1,520 support levels. There was a drop over around 10% and the price traded as low as $1,453. Ether price is now consolidating losses above the $1,450 level and below the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,500 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,653 swing high to $1,453 low. The next major resistance is near the $1,550 and $1,560 levels. It is near the 50% Fib retracement level of the recent decline from the $1,653 swing high to $1,453 low. Source: ETHUSD on TradingView.com A clear break above $1,560 might send the price towards the $1,600 level. There is also a major bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD. Any more gains may perhaps open the doors for a move towards the $1,650 resistance in the near term. More Losses in ETH? If ethereum fails to rise above the $1,500 resistance, it could continue to move down. An initial support on the downside is near the $1,450 zone. The next major support is near $1,420. A downside break below the $1,420 support might another sharp decline. In the stated case, ether price might decline towards the $1,350 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,450 Major Resistance Level – $1,550

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Is Ethereum getting to $2,000 as Chainalysis predicts explosive post-merge growth?

is-ethereum-getting-to-$2,000-as-chainalysis-predicts-explosive-post-merge-growth?

Chainalysis has projected a strong price rally of Ethereum post-merge The soft date for the Merge is on September 19 Ethereum is gaining and looks set back to $2,000  Ethereum ETH/USD will lead other cryptocurrencies in price after the Merge, according to Chainalysis data. The on-chain analysis firm says the yields that will come after More

The post Is Ethereum getting to $2,000 as Chainalysis predicts explosive post-merge growth? appeared first on BTC Ethereum Crypto Currency Blog.

Crypto News Ethereum

TA: Ethereum Bullish Despite Recent Chop; What Could Propel it to $1,700

Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,550 and $1,530 support levels. Ethereum Price Eyes Fresh Increase Ethereum made an attempt to gain strength above the $1,620 resistance and the 100 hourly simple moving average. However, ETH failed to remain stable above $1,620. A high was formed near $1,648 and the price trimmed gains. There was a drop below the $1,580 level and $1,550. A low is formed near $1,535 and the price is now rising. There was a move above the $1,550 resistance. Ether price cleared the 23.6% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. It is now trading above $1,550 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,560 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,600 level. It is near the 50% Fib retracement level of the recent decline from the $1,648 swing high to $1,535 low. The next major resistance is now forming near the $1,620 level. Source: ETHUSD on TradingView.com A clear move above the $1,650 level might send the price towards $1,650 resistance. Any more gains may perhaps open the doors for a move towards the $1,700 resistance in the near term. Fresh Decline in ETH? If ethereum fails to rise above the $1,600 resistance, it could start another decline. An initial support on the downside is near the $1,560 zone and the 100 hourly SMA. The next major support is near $1,535, below which ether price might revisit $1,500. Any more losses may perhaps send the price towards the $1,420 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,535 Major Resistance Level – $1,600