Ethereum Price Looks Ready For Another Leg Higher Over $1,300

Ethereum was able to clear the $1,240 resistance zone against the US Dollar. ETH is showing positive signs and there might be a move above the $1,300 resistance. Ethereum is moving higher above the $1,220 and $1,240 resistance levels. The price is now trading above $1,220 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if there is a clear move above the $1,300…

Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules: Research Study

Days before the 30% tax came into effect, Nischal Shetty, CEO and founder of WazirX, one of India’s biggest exchanges, said what people will do now “is find ways to not be part of the [domestic] system because people are not going to leave crypto.” The Esya Centre report found that “an estimated 17 lakh users switched” from domestic crypto exchanges to foreign counterparts. Author: Amitoj Singh Source link