Author: Sollcrypto
The Ethereum price is making a new attempt to climb above $1,650 against the US Dollar. ETH might gain momentum if it successfully breaches the $1,670 resistance. Ethereum is currently endeavoring to rise above the $1,620 mark.The price is trading above $1,620 and remains above the 100-hourly Simple Moving Average.On the hourly ETH/USD chart (data feed via Kraken), there is a significant bullish trend line emerging, providing support around $1,645.If the pair manages to surpass the $1,670 resistance area, it could potentially sustain its upward trajectory. Ethereum’s Price Ascends Further. Ethereum’s price established a foundation above the $1,580 mark, maintaining…
Renowned billionaire investor Ryan Cohen has been named the fresh Chief Executive Officer (CEO) of GameStop, a prominent brick-and-mortar video game retailer in the United States. This decision could potentially influence the trajectory of Dogecoin, as there have been noticeable correlations between GameStop’s stock and Dogecoin’s price. Cohen, who previously held the position of Executive Chairman at GameStop since January 2022 while also maintaining the largest ownership stake, steps into this leadership role amid analyst speculation that the company’s board is striving to revitalize the fortunes of this publicly traded entity. GameStop-Friendly Billionaire Assumes CEO Position In this capacity, Cohen…
In a departure from its Bitcoin lending origins, Ledn, a lending platform, has announced the introduction of an Ethereum (ETH) yield offering in response to user requests for a more secure alternative to manual Ether staking. This addition of an ETH offering expands Ledn’s Growth Accounts products, which currently provide users with segregated accounts to earn interest on deposits in Bitcoin and USD Coin (USDC). Users have been vocal in their desire for a way to generate interest from their ETH holdings without the need to personally participate in the management of Ether through liquid staking pools. Ledn emphasizes that…
Amidst the SEC’s ETF Delay, Ethereum Price Holds Firm in a Robust Position. Further bolstering the prevailing bullish sentiment, Ethereum’s price has successfully surmounted the recent challenge posed by a descending wedge pattern, as discussed in previous price analyses. As of now, Ethereum is trading at $1,608, and during the American trading session, it witnessed a brief yet noteworthy surge to $1,633. However, a minor setback ensued due to developments related to the U.S. Securities and Exchange Commission (SEC), which announced delays in rendering decisions on two Ethereum spot exchange-traded funds (ETFs). The SEC’s announcement revealed that the determination for…
Despite notable players like Microstrategy bolstering their positions with substantial acquisitions, Bitcoin (BTC) has struggled to recapture the $28,000 mark in September. Now, let’s delve into on-chain analysis to assess how the recent reduction in BTC supply on exchanges might influence Bitcoin’s price dynamics in October 2023 and beyond. Throughout this month, there has been a discernible uptick in Bitcoin holders relocating their assets from cryptocurrency exchanges into secure, long-term storage solutions. Curiously, rather than serving as a catalyst for a Bitcoin price surge, on-chain market data has unveiled a potentially worrying pattern. The supply of Bitcoin on exchanges has…
Ethereum’s price is making an effort to establish a fresh uptrend above the $1,620 mark against the US Dollar. To kickstart a substantial rise, ETH needs to secure firm footing beyond both the $1,620 and $1,650 levels. Ethereum is currently in the process of a recovery rally, with its price surpassing the $1,600 threshold. Moreover, it is trading above the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, there is a crucial bullish trend line taking shape, providing support in the vicinity of $1,600. Should Ethereum manage to close above the levels of $1,620 and $1,650, it could…
This is a narrative that elicits both optimistic and pessimistic viewpoints, depending on the perspective of those involved. As previously reported by Blockworks, the Eclipse mainnet intends to adopt a hybrid approach, aiming to combine the rapid execution capabilities of Solana with the secure settlement features of Ethereum. Garrett Harper, speaking on the Lightspeed podcast (available on Spotify and Apple), explains the goal of harnessing the best technological advantages from Solana while also tapping into Ethereum’s liquidity. Joe McCann, the CEO of Asymmetric, expresses his enthusiasm for this approach, emphasizing his support as an advocate of open-source technologies. He highlights…
The Bitcoin price is currently in a consolidation phase above the critical $26,000 support level. The potential for a recovery rally exists if Bitcoin successfully clears the resistance zone around $26,500 in the near future. Presently, Bitcoin remains within a consolidation pattern above the vital $26,000 support region.The price is trading below $26,400 and is positioned beneath the 100-hourly Simple Moving Average.Additionally, there’s a significant bearish trend line taking shape, with resistance approximately at $26,300, as depicted on the hourly chart of the BTC/USD pair (data sourced from Kraken).Unless there’s a clear breach below $26,000, there’s a possibility of a…
Ethereum’s price is poised for a potential rebound from the $1,565 support against the US Dollar. The path to upward momentum appears feasible if Ethereum manages to establish stability above the $1,600 and $1,620 levels. Currently, Ethereum is making an effort to initiate a recovery phase beyond the $1,580 mark.The price is presently trading above $1,590, maintaining a position above the 100-hourly Simple Moving Average.Notably, there has been a breakthrough beyond a significant bearish trend line, which had resistance around $1,590, as seen on the hourly chart of ETH/USD (data source: Kraken).For Ethereum to initiate a recovery trend, it will…
Share:Litecoin’s attempts to establish the 50-day EMA as a reliable support level have been fruitless since the beginning of August.At present, the significant LTC holders, who control approximately 12% of the total circulating supply, have remained passive.The LTC whales’ average transaction volume has been dwindling and currently stands at $1.2 billion as of the latest data.Around two weeks ago, Litecoin’s price displayed some signs of recovery, but it failed to maintain its bullish momentum, resulting in minor corrections. While broader market factors can be attributed to this setback, a significant portion of the responsibility lies with the whales, whose underwhelming…