Ethereum Rally Stopped at $145 Resistance; Another Bearish Retest?

2020-1-7 20:00

Crypto markets lit up yesterday, with Ripple’s XRP leading the charge with an over 12% gain on the day. The buzz around the crypto industry caused other assets to take off, including the first-ever cryptocurrency Bitcoin, and the number two cryptocurrency by market cap, Ethereum. Ethereum’s rally, however, was stopped abruptly at overhead resistance at $145 – a critical resistance level that must be breached for price action to become bullish. Was the rejection at this level just another bearish retest, or will Ethereum finally break out and surge? Ethereum Rallies, But Pauses at Bearish Breaker at $145 Ethereum price has been suffering for the last two years straight. Nearly two years ago on this exact day, Ethereum reached an all-time high price of $1,400. Now, the cryptocurrency is trading at prices 90% lower than that. Related Reading | Crypto Comeback: After Two Years of Bear Market, Bitcoin Crypto May Be Ready To Rebound Right now, the number two crypto asset is trading at $141, $4 less than the $145 resistance level it reached last night and was rejected from. $145 is a bearish breaker from a low set in early December 2019. After the cryptocurrency fell below that zone, Ethereum hasn’t been able to hold a daily close above it since. When Will Suffering End for Ether Holders? Ethereum is among the few cryptocurrencies that ended 2019 lower than it started the year, as a result of an ongoing downtrend across the crypto market. Few have suffered as bad as Ethereum, however, it isn’t the worst performer of the top ten cryptocurrencies by market cap. Ethereum and other altcoins have not only fallen significantly in their USD values but have also bled out in their ratios against Bitcoin. Bitcoin dominance rose steadily throughout 2019, wiping any remaining capital left from altcoins and causing mass capitulation. While Ethereum does continue to suffer, its woes against Bitcoin are bound to reverse, and the altcoin could go on to eventually outperform Bitcoin on its ETH/BTC trading pair. Related Reading | Bitcoin Price RSI Breakout Could Target $9K Short-Term  Such a move could kick off an alt season, however, this won’t happen until Ethereum can breach above $145 and move higher. It also depends on what Bitcoin does, as the biggest player in the market often dictates overall market sentiment. Bitcoin will need to remain relatively stable over the next days in order for Ethereum to have a chance to breach such a key level. The post appeared first on NewsBTC.

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Источник: newsbtc.com

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The global crypto meltdown: Is it the end or just a new start?

Cryptocurrency, volatility and the risks therein. What’s crypto’s long-term viability, including the impact of decentralised finance (DeFi). Are Central Bank Digital Currencies (CBDCs) evidence that crypto is here to stay? Since the introduction of the first cryptocurrency transactions and digital tokens in the 1990s following their democratisation in the 2010s, the current crisis in the […] The post The global crypto meltdown: Is it the end or just a new start? appeared first on CoinJournal.

2023-1-25 21:07


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U.K.’s Financial Conduct Authority Strikes Ban On The Sale Of Crypto Derivatives

The cryptocurrency communities in several countries might be excited to adhere to new policies that are preceding numerous bans that have recently been overruled, but the U.K.’s cryptocurrency community may be taking a step back, following a stern ban that has just been launched against the sale of crypto derivates to retail consumers. The Financial […]

2020-10-7 20:20


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5 Reasons Why Crypto Will Get Through COVID-19 Outbreak

Since the novel coronavirus has been officially declared a pandemic, the crypto space has been flooded with negative opinions about the future credibility of digital assets. As the disease has spared no single industry, including the cryptocurrency market, and brutally broke down the myth about Bitcoin being a safe haven option, most crypto holders have […]

2020-4-9 22:48


Cathio Catholic Community-Centric Cryptocurrency Project Welcomes Ex-US Senator Santorum

Shariah-compliant Services and Solutions for Catholics Are Increasingly Being Developed for the Crypto Space Crypto projects and communities are created to cater to various sectors of society and this includes religious faiths as well as in 2018 the first-ever Islamic-based cryptocurrency exchange was launched.

2019-6-12 19:05


Cryptocurrency Tracker Apps: An Overview and the Commercialization Problem

Several years into the cryptocurrency era, many users and enthusiasts have faced a peculiar issue: managing their various crypto assets required a degree of automation. It’s hard to keep track of everything that blooms in your crypto garden: on the one hand, many of us have accounts on more than one crypto exchange and wallets scattered across many blockchains; on the other, a large number of ICO investors and HODLers need ready access to their numbers.

2019-3-5 19:13


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Indian Crypto Scammers Make $17 Million from Fake Coin Scam

The individuals behind “cashcoin,” a fake cryptocurrency, have been arrested for duping investors of over $17 million in Mumbai, India according to reports February 17, 2019. Crypto and the Gang As the general public and world government are becoming more aware of cryptocurrency and how it works, the prosecution of crypto criminals is becoming more effective.

2019-2-19 15:00


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A Rolex, McLaren and Luxury Condos- the World of a Crypto Con-man

A high-profile cryptocurrency theft case and a series of lawsuits associated with it have brought SIM swap hacks to the limelight once again. Nicolas Truglia, the primary suspect of a $24 million-dollar cryptocurrency theft case where BitAngels founder Michael Terpin’s crypto holdings were robbed, was known to live in $6,000 per month rented apartment.

2019-1-21 21:19


Swiss National Bank is Skeptical of National State-Issued Crypto

Business Insider reported that Thomas Moser, a key member of management at the National Swiss Bank, believes that governments have lost interest in state-issued crypto or digital currencies. Thomas Moser: “Enthusiasm Has Slowed” For National Crypto While at a cryptocurrency conference in Zug, Switzerland, the representative of the bank gave a Business Insider journalist an.

2018-6-24 06:17


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