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Ethereum formed a strong support base above the $224 level against the US Dollar. ETH is up over 3% and it broke the key $230 and $232 resistance levels.Ethereum is gaining bullish momentum above the $230 pivot and the 100 hourly simple moving average.The price is up more than 3%
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Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally.ETH price is slowly moving higher towards the $230 resistance against the US Dollar.A close above
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Another week, another round of Crypto Tidbits.It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level.Volatility indicators have continued to drop as a result of the consolidation, reaching crucial
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Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi.Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions.According to Our Network, Curve was one
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Tensions between the Bitcoin and Ethereum tribes have been stirred by a trend that outsiders might see as a sign of harmony. Throughout June, the amount of tokenized bitcoin on Ethereum, the bulk of it in WBTC, a special ERC2 token known as “wrapped bitcoin,” soared from 5,200 BTC to 11,682
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Ethereum failed to continue higher above $233 and declined sharply against the US Dollar. ETH is now trading below the 100 hourly SMA and it could continue to move down.Ethereum broke the key uptrend support level near $228 and the 100 hourly simple moving average.The price is likely to resume
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Every few months, Tesla’s chief executive Elon Musk comments on Bitcoin, Ethereum, or another cryptocurrency.In May, he commented on Bitcoin to J.K. Rowling, the author of the Harry Potter series. Responding to the author’s assertions that she doesn’t understand the leading cryptocurrency, Musk wrote:“Pretty much, although massive currency issuance by
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Ethereum has been struggling to recapture its long-held position within its trading range between $230 and $250.The token has traded below the lower boundary of this range for the past several days, but bulls are now trying to surmount it.It does appear that $230 has become a resistance level for
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Tesla’s eccentric CEO and co-founder, Elon Musk directly referenced Ethereum (ETH), saying he is not for or against the network. “I’m not building anything on ethereum. Not for or against it, just don’t use it or own any,” Musk revealed in a July 2 tweet. The tech mogul responded to a movie
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Ethereum is currently on the cusp of breaking back into its long-established trading range between $230 and $250.A recent influx of selling pressure experienced by the cryptocurrency forced its price to break below the lower boundary of this trading range for an extended period of time, with ETH even testing
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