Ethereum Just Broke $160 And It’s Vulnerable to a Larger Decline Below $155K

Ethereum price is declining and it recently broke the $160 support, similar to bitcoin. ETH price is likely to continue lower below the $158 and $155 support levels in the near term. Ether price is showing a few bearish signs below the $162 level against the US Dollar. The bears seem to be in control and they are likely to aim a larger decline below $155. This week’s key bearish trend line is in place with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin…

XRP, Ethereum and Bitcoin Cash Dive in Altcoin Purge: What’s Triggering It?

Top bitcoin rivals suffered major losses on Thursday after bulls failed to extend the last week’s wild upside price rally. Bitcoin SV’s BSV, after its stupefying climb before mid-January session, led the march downwards. The token fell by more than 9 percent on a 24-hour adjusted timeframe. Stellar’s XLM and Binance’s BNB followed suit, dipping by more than 6 and 5 percent, respectively. The least affected coins included Ethereum, XRP, and Bitcoin Cash, all of which fell in the range of 2-3 percent. Collectively, the ongoing altcoin purge prompted the…

This Confluence Of Bearish Factors Shows Ethereum Could Decline Heavily

Ethereum failed to settle above the $170 resistance and bitcoin struggled above $8,700. ETH price is currently declining and it seems like it could decline heavily if it breaks $162. Ether price is starting to move into a bearish zone below $165 against the US Dollar. Bitcoin price is declining and trading below the $8,640 support level. This week’s key bearish trend line is still active with resistance near $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if the bears push it…

Grayscale to Fund Ethereum Classic Developers for 2 More Years

Grayscale Investments has committed to financially supporting development of the ethereum classic (ETC) cryptocurrency for another two years. Announced Wednesday, the asset manager will continue to donate one-third of the management fees from its Grayscale Ethereum Classic Trust to the ETC Cooperative each quarter through 2021.  “It is a big vote of confidence which we deeply appreciate. This funding allows us to continue our support of the ETC protocol and ecosystem,” ETC Cooperative executive director Bob Summerwill said by private message. “We will provide grants for key projects, as we…

Ethereum Highly Bullish Despite Setbacks; Here’s What Could Propel It To $200

Ethereum is slowly rising from the $162 support area, similar to bitcoin from $8,500. ETH price could start a decent increase to $180 or $185 if it settles above $170. Ether price is showing a few positive signs above the $162 and $165 support levels against the US Dollar. Bitcoin price is currently attempting to gain traction above the $8,700-$8,750 resistance area. Yesterday’s major bearish trend line is intact with resistance near $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $170 resistance…

Ethereum is Way Ahead of EOS and TRON Study Finds, And Price Will Likely Reflect It

Last year, the San Francisco startup Compound offered investors a simpler way to earn as much as 10 percent yields. All they had to do was put move their capital on its app’s Ethereum-based lending platform. ‘Compound‘ is not a financial institution. Instead, it is among many new ventures that are building a new wave of so-called decentralized apps – or Dapps – atop public ledgers. The ecosystem now consists of over 3.11 million daily active users distributed unevenly across multiple blockchain projects. In 2018, there were only 1.48 million…

Ethereum DApps Saw 1.2m New Users in 2019: It’s Tremendous For Long-Term Price Trend

Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend. Report shows there is fast growth everywhere for Ethereum The main area of parabolic growth for Ethereum throughout the past year has been Decentralized Finance (DeFi). In the years ahead, industry experts forecast DeFi to be the biggest driver of Ethereum adoption. Alongside DeFi, the solid growth rate of DApps is a crucial fundamental factor for ETH in the…

This Technical Pattern Suggests Ethereum Is Gearing For Another Lift-Off

Ethereum is trading nicely above the $162 and $158 support levels, similar to bitcoin above $8,500. ETH price is likely forming an inverse head and shoulders pattern, suggesting a fresh increase. Ether price is currently consolidating above the $162 support area against the US Dollar. Bitcoin price is finding a strong buying interest above the $8,500 support area. There is a key bearish trend line forming with resistance near $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if it clears the $168 and…

Ethereum Can Reach a Trillion Dollar Market Cap, But There is a Key Roadblock

Ryan Sean Adams, founder at Mythos Capital, made a case for a trillion dollar Ethereum market cap. And it’s all about decentralized finance (DeFi). DeFi refers to decentralized applications or platforms that allow investors to engage in traditional financial services by using Ethereum as collateral. Users can receive loans, trade derivatives, make payments, and more in a peer-to-peer manner without centralized entities. The trillion dollar case for ETH A bullish case for ETH as economic bandwidth powering a trustless economyhttps://t.co/fbzClLCAVi@0x_Lucas crushed it on this thought experiment Thread: — Ryan Sean…

Ethereum Price Plunges to $160: Can Bulls Save The Day?

Ethereum started a sharp decline from the $180 resistance, similar to bitcoin from $9,200. ETH declined towards $160, but it is likely to find strong bids near $158. Ether price was rejected near the $180 area and it declined below $165 against the US Dollar. Bitcoin price is down more than 5% and it is now trading near the $8,500 resistance. There was a break below a major bullish trend line with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading above…