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Last News

Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed…

Bitcoin Price Corrects 5%, Why Bulls Are Still Comfortable

Bitcoin price formed a double top pattern near $19,500 and corrected lower against the US Dollar. BTC is now trading below $18,500 and it could test the $18,000 support or…

Australian government embraces blockchain with new trial and public servants’ network

The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts. It follows hot on…

DeFi indexes aren’t as diversified as you think

New research suggests that indexes based on decentralized finance tokens lack diversification which is less than ideal for advanced investors seeking to mitigate risk.Indexes are a very popular way to…

Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Brian Armstrong is worried the Trump Administration is about to send the cryptocurrency industry a parting gift.The Coinbase CEO took to Twitter Wednesday night to blast the U.S. Treasury Department’s…

Coinsquare exchange adds new board members

Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of…

Data shows the Bitcoin derivatives market is becoming less crowded

The Bitcoin futures funding rate has declined across major cryptocurrency exchanges in the past 48 hours. This shows that the derivatives market is getting less overheated and the rally can…

Bitcoin dives from multi-yearly high to $18,400 despite positive on-chain metrics

advertisement Bitcoin price slumps to test support at $18,400 and the 50 SMA, respectively. The IOMAP on-chain model reveals that the least resistance path is upwards. Bitcoin price has been engulfed in selling…

Ethereum’s Massive Rally Could Just Be Getting Started

Ethereum has soared in recent weeks, adding 40% to its price over the last month. The ethereum price passed $500 per ether token last week for the first time…


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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