China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending ope…
Category: ETH
TA: Ethereum Tops Near Key Juncture, Why Bulls Could Struggle
Ethereum failed to clear a major hurdle near $3,165 against the US Dollar. ETH price is declining and it remains at a risk of a move below $2,800.
Ethereum started an upside correction above $3,000, but it failed near $3,165.
The price is now trading …
JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum
Ethereum has recently made its way into the radar of institutional investors. More big money has been flowing into the digital asset in recent months following the success of decentralized finance (DeFi). With this much money coming in from institution…
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty and accepted a plea deal with up to six and […]
TA: Ethereum Regains Strength, Why $3,200 Is The Key For More Upsides
Ethereum started a steady increase above $3,000 against the US Dollar. ETH price must clear the $3,200 to continue higher in the near term.
Ethereum started a strong increase from the $2,750 support zone.
The price is now trading above $3,000 and near…
Ethereum Price Prediction: ETH/USD Trades Above $3000 Resistance
Ethereum Price Prediction – September 26 The Ethereum price needs to pull above the $3200 resistance level quickly so as to deny the bears the […]
NFT Project To Donate 100% Of Income To Help Afghan Women Access Education
Bookblocks.io, an NFT company has partnered with a New York-based company, Women for Afghan Women to help women in Afghanistan have access to education.
Under the new Taliban-run government, women in Afghanistan have had their rights to education restr…
DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch
One of the major threats to businesses online, not only the crypto industry, is cybercriminals’ attacks. Even though the existing networks are supposed to be safe and secure, attackers often find loopholes to exploit them in the bid to steal inve…
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US
A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency […]
Ethereum Steers Into Support, Time For More Slump Or Return to Previous Highs?
Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure. This sent Bitcoin and Ethereum back to their critical support zones. At the time of writing, ETH trades at $2,842 with an 8.2% and 20.4% loss in the daily and weekly charts, respectively. Ethereum technical indicators turned red as the price retraced south of the $3,000 territory with momentum in favor of the bears. However, the Relative Strength Index (RSI) remains neutral at a 39.51 value. Related Reading | TA: Ethereum Lacking Bullish Momentum, Why ETH Holders Are Safe This could suggest a reversal in the current trend if combined with the fact that the FUD coming from China was already price-in by another portion of the market. Trader Rekt Capital commented the following on the price action and those affected by “FUD from China”: BTC investors who have been in the market for a while have heard many different iterations of FUD from China. But newer investors, unarmed with this experience, are the ones who are affected most. Their panic selling is what is fuelling this recent downside. What Could Trigger A Rebound On Ethereum? Ethereum’s recent low stands at $2,652, the price is reached at the beginning of the weak on the back on the potential default of Chinese real state company Evergrande. Thus, why ETH’s price must hold that level in case of further downside. For the bulls to have a fresh shot at reclaiming the $3,000 area, Ethereum must close the daily above $2,900. The Exponential Moving Average (EMA – 10) could be the next objective from there standing at $3,136. In the short term, strength in Bitcoin or Ethereum could push the market back to the green. The first cryptocurrency by market cap has bullish fundamentals that could benefit the entire crypto market. Related Reading | As Ethereum Price Suffers, JPMorgan Strategist Hits The Asset With A 55% Lower Valuation As pointed out by Glassnode founders Jan Happel and Jann Allemann, the Relative Transfer Volume Breakdown, a metric used to measure transaction volume in the market, suggest that institutions are still betting big on Bitcoin (BTC). Alleman and Happel said: Bitcoin transaction volumes continue to reflect big money moving in the space. Institutional sized capital ($1M+ transaction sizes) represent around 82% of settled volume over the past week. Note the growth in institutional size capital really kicked off since October 2020. In addition, as pseudonym trader LilMoonLambo said, banking giant JP Morgan seems more bullish on Ethereum than Bitcoin. The bank has been dabbing into crypto for a while and their estimates for ETH and BTC mini futures are optimistic for the bulls.