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Last News

Uniswap’s UNI Explodes Above $12, Why Dips Remain Attractive

Uniswap’s UNI surged over 25% and it broke many hurdles near $10.00 against the US Dollar. A new all-time high is formed near $12.98 and dips seems to remain attractive…

Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering – Bitcoin News

According to a recent report, the San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq’s private market ahead of the initial public offering (IPO). Coinbase reportedly…

Ethereum Eyes USD 1,500, Altcoins Gain, Bitcoin Stable

Bitcoin price seems to be forming a base above the USD 32,000 level. BTC recovered above the USD 32,500 and USD 32,800 resistance levels. It is currently (05:00 UTC) trading…

Ethereum Surges To New ATM, Why ETH Could Rally Further Above $1,500

Ethereum surged 15% and it traded to a new all-time high near $1,475 against the US Dollar. ETH price is currently correcting lower, but it is likely to remain well…

Bitcoin Traders Likely to Unwind Futures Positions

advertisement Bitcoin trades are more likely to unwind their futures position citing a slowdown in Bitcoin institutional participation, says JPMorgan! Advertisement Just as Bitcoin (BTC) continues to face downward pressure over the…

Bitcoin Consolidates Below $33K, Why BTC Could Attempt Bullish Break

Bitcoin price is slowly recovering above $32,000 against the US Dollar. BTC is likely to face a strong selling interest near $33,500 and $34,000. Bitcoin seems to be consolidating above the…

Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing – Markets and Prices Bitcoin News

Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and…

Ethereum (ETH) Hits New ATH With Multiple On-Chain Milestones, Liquidity Shortfall, & DeFi Optimism

advertisement Just while Bitcoin (BTC) continues its consolidation, Ethereum (ETH) leads the crypto market rally making a solid 15% surge and hitting a new all-time high above $1450. With this move,…

Bitcoin Plummets Below USD 30000 Mid-Week But Medium And Long Term Targets Seem Intact

advertisement Bitcoin (BTC), which was pretty much range-bound last week, saw a sudden bear attack as we moved towards the weekend. This sudden dip took bitcoin plummeting to USD 28,850 from…


Since so far both Bitcoin and Ethereum are performing well. Bitcoin proved it is a safe haven as it moved from its March lows of $5,000 to touch a high of $15,968. Similarly, Ethereum Price also moved from $190 to reach $490 high. Within a few months, these digital assets were placed in the top investment baskets across the globe.

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Ethereum – ETH Price Analysis 

At press time Ethereum is trading at $460.09 with minor gains. The second largest coin is holding a market cap value of $52,164,006,464 with $14,162,700,689 trading volume.

According to the technical indicators, after forming a support base above $440, Ethereum started a steady rise. ETH price broke the $450 and $455 resistance levels stepped into the positive zone.

However, we can find many supports forming for Ethereum, starting with $460. The first key support is near the $455 level. The main support is apperaing near the trend line, $445 and the 100 hourly SMA.

On the other hand, a clear break below the $444 support level might effect the current bullish view. Any further losses may lead for a drop towards the $420 support zone.

Overall, Ethereum is slowly rising and trading above the $460 resistance against the US Dollar. ETH price is likely to rally towards $495 or $500 if it clears the $470 resistance zone.

ETH 2.0 Might Fuel ETH Price Rally

Possible bullish signals pop up as core ETH devs lock funds in Eth 2.0 smart contract.

 Data from Dune Analytics reveals that 52,801E TH have been sent to the Ethereum 2.0 deposit contract over the past few days. This amounts to 10% of the 524,000 tokens threshold needed to launch the upgrade into mainnet. As core developers continue to lock up their coins in the contract they are incentivized for a quick launch, which could positively affect prices.



2020-11-11 07:35:17

Elena R Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

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