Ethereum (ETH) Recovering Nicely While Bitcoin Runs Into Resistance

Ethereum price is up more than 3% and recovering above $188 against the US Dollar. There was a decent upside correction from the $180 support area. There is a key bullish trend line forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is gaining momentum, but it is now trading near a crucial resistance at $9,100 (as discussed in the weekly forecast). Ethereum price is recovering nicely above $188 versus the US Dollar, similar to bitcoin. ETH price might recover further towards $195…

Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russia: New law would let police confiscate Bitcoin from 2021 We begin in Russia, where the government is pursuing a seemingly impossible law that would allow it to confiscate Bitcoin (BTC). Reports suggest that the plans, which target “digital assets,” could become law in 2021.…

EIDOS Airdrop 95% of Transfers

The EOS blockchain is congested by the EIDOS token airdrop, cryptocurrency exchange Coinbase reports on Nov. 9. In a post on its blog, Coinbase claims that it had trouble in processing its clients’ transactions due to EOS network congestion caused by the EIDOS token airdrop. The exchange has since solved the issue by increasing the amount of staked CPU, securing a sufficient portion of the CPU time remaining on the network to process its transactions. Interestingly, the incident also caused the price of CPU time on the network to increase…

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, download our free report here. Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in…

Ethereum Price Weekly Forecast: ETH Holding Uptrend Support

ETH price declined recently below the $188 and $186 support levels against the US Dollar. The price is still trading above the key $180 and $178 support levels. There is a crucial bullish trend line forming with support near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase as long as there is no daily close below the $178 support. Ethereum price is currently holding a significant support against the US Dollar, while bitcoin is declining. ETH price is likely to…