Ethereum

ETH/USD Pair Price Analysis The ETH/USD pair was able to settle beneath $160 before it began a new bearish wave. This led to price levels beneath $155 into a short-term bearish area. The pair continued beneath $150 and established itself beneath the 100 hourly SMA, thereby attaining a fresh monthly low at $148. It started retracing after it broke the barrier at $152. Nevertheless, it is currently encountering some barriers close to area between $156 and $157. On the pair’s…

Recently, the ETH/USD pair has tried to stabilize above the $145 barrier. However, it couldn't achieve that. It initially formed a swing high near the $ 146 level only to dip below $ 142. That notwithstanding both the Support at  $140 support and 100 hourly SMA protected decline. Currently, the pair is experiencing an upside and is over $142. Curtailed Gains Examining the pair's hourly chart indicates a surge over a crucial selling trend line with a barrier near $142.…

Recent price movements of ETH shows a possibility of further drops. For instance, just yesterday, the coin could not cross the block at $235 and instead plunged by 15%. Just below the $215 support, there was a slight break at the 100 hourly SMA.  There were further price plunges below the $200 mark. Further, ETH's price dropped to set the lowest monthly price at $196 and started experiencing losses.  The $205 barrier was formed on the price, and there will…

Developers of Ethereum 2.0 remain optimistic about its deployment this year. Although initially scheduled to launch in the first quarter it had been postponed.  The team undertaking the upgrade held a Reddit AMA event on Feb 5 to clarify certain things. They affirmed that the launch would proceed after three clients successfully run their testnets continuously for a minimum of two months. The protocol's researchers Danny Ryan, Justin Drake, and Vitalik Buterin participated in the AMA. Drake stated that he…

The ETH/USD price is sustaining some significant support over $185, and the price may continue to uptrend to over $190, and keep it up in the near term. This year, the price attained a fresh high of $195 before a downside retracement. This retracement resulted in below $192 and $190 support.  However, the support zone at $185 became a rugged bullish area together with the 100 hourly SMA. The price eventually formed a swing low close to $184, and currently,…

At the beginning of the year 2020, Virgil Griffith, an ethereum researcher, got accused due to traveling to North Korea and purportedly aided the country to evade sanctions. Griffith got arrested by the FBI last year for allegedly traveling illegally to North Korea. Prosecutors said that Virgil Griffith used blockchain and cryptocurrency to assist North Korea in evading sanctions. He got charged with violating the International Emergency Economic Powers Act. On the 30th of January 2020, NK news reported that…

Recently, ETH/USD price declined hence breaking the support at $160. Additionally, there is a likelihood of the ethereum price to keep moving to the downside, under the supports at $158 and $155 in the short term. Ethereum failed to rise over the barrier at $170, and declined steadily, thereby breaking below the support at $165 and the 100 hourly SMA. A further decline led to a break of the $162 support below the support at $160. The price formed a…

Last week, a vast ETH upsurge led to a 20% gain based on the price data from Coin360. ETH’s performance was greater than for Bitcoin, which gained 9% within the period. Nevertheless, ETH’s performance was lower than other altcoins that saw massive parabolic rallies within a few days. BSV close to 250% at the Zenith of the rally this week, ETC secured 100% gains as Zcash more than doubled. Crypto analysts worry about the immediate direction of ETH, despite its…

Upbit recently announced the reopening of deposits and withdrawals for Ethereum on their platform. The South Korean based crypto exchange stopped the services for a long time after a hack. The hack led to the loss of $50 million worth of cryptocurrency funds. Upbit said that it is adopting another wallet system for the services. Additionally, the exchange reassured its users in full using its corporate assets because crypto funds got hacked. Upbit also noted the Ethereum wallet security system…