Archive | price

Ethereum Classic Price Analysis: ETC/USD Gaining Momentum

Key Highlights Ethereum classic price is slowly moving higher and is currently above $14.50 against the US dollar. There is a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in an uptrend and it may perhaps continue to move… […]

Ethereum Price Analysis: ETH/USD Broke Key Resistance

Key Highlights ETH price made a nice upside move and broke the $495 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $500 level and the 100… […]

Cryptocurrency Volume Drops To A Two-Month Low, Should You Be Worried?

Cryptocurrency volumes have dipped to a two-month low, with levels resembling those seen earlier this year during April’s downtrend. But what does this mean for the market in general? Is Volume An Viable Indicator? As of June 18th, exchange volume has collectively dropped under $10 billion dollars, with these levels being seen in early April. … […]

Ethereum Price Analysis: ETH/USD Could Extend Declines

Key Highlights ETH price was not able to move above the $510 resistance and is currently under pressure against the US Dollar. There was a break below a crucial bullish trend line with support at $500 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses… […]

President of Xapo: Bitcoin Will Become The Global Reserve Asset

Ted Rogers, president of the cryptocurrency giant, Xapo, believes that Bitcoin will become a global reserve asset, similar to the role the U.S. dollar plays today. Ted Rogers, Unexpected Bitcoin Bull? The recent bearish trends in the cryptocurrency market have not fazed Xapo’s president one bit, as he still holds bullish sentiment regarding Bitcoin’s value… […]

Ethereum Price Weekly Analysis: ETH/USD Remains at Risk

Key Highlights ETH price is struggling to move higher above the $510 and $520 resistance levels against the US Dollar. There is a key bearish trend line in place with resistance near $505 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses if it fails… […]

Bitcoin Price Trend in 2018 is Nearly Identical to Previous Movements

Some cryptocurrency community members believe that a piece of historical technical analysis indicates that Bitcoin’s price could be headed upwards real soon. Historical Technical Analysis Methods: Wyckoff Method According to a post put together by Reddit user, “CryptoPorto,” Bitcoin’s price could be mirroring the hypothetical chart of a strong price reversal. The chart which the… […]

Ethereum Price Analysis: ETH/USD Recovering Higher

Key Highlights ETH price is moving higher and is recovering above the $500 level against the US Dollar. There was a break above a major bearish trend line with resistance at $482 on the hourly chart of ETH/USD (data feed via Kraken). The pair may dip a few points, but it is likely to remain… […]

Ethereum Price Analysis: ETH/USD Faces Tough Challenge

Key Highlights ETH price crashed and declined toward the $440 level recently against the US Dollar. There is a declining channel in place with resistance near the $480 level on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher and it may head towards the $490 and $500 resistance… […]

Ethereum Price Analysis: ETH/USD Breaks $500

Key Highlights ETH price declined further and failed to hold the $500.00 handle against the US Dollar. This week’s followed important bearish trend line acted as a barrier near $540 on the hourly chart of ETH/USD (data feed via Kraken). The pair declined below the $500 handle and it may accelerate declines in the near… […]

Ethereum Price Analysis: ETH/USD Approaching Resistance

Key Highlights ETH price is currently correcting higher after a sharp decline toward the $500 level against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $545 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to move higher toward the $540 and $545 resistance… […]

Coinbase Unexpectedly Announces Ethereum Classic Support, Volume Surges

Despite the market downturn, with Bitcoin and other altcoins dropping 15% in the past 48 hours, Coinbase has decided to make an unexpected announcement, quickly pushing up the price of Ethereum Classic.  Coinbase Announces Ethereum Classic Support At 6:18 PST on June the 11th, Coinbase announced that it has plans to add Ethereum Classic (ETC). According… […]

Ethereum Price Analysis: ETH/USD Crashes To $500

Key Highlights ETH price declined sharply and traded below the $540 support area against the US Dollar. There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct a few points in the short term, but upsides are likely to… […]

Ethereum Price Weekly Analysis: ETH/USD’s Uphill Task

Key Highlights ETH price is trading in a positive zone above the $570 level against the US Dollar. There is a major bearish trend line in place with resistance near $650 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may perhaps move higher in the short term, but it could struggle… […]