Ethereum price corrected gains from the $1,920 resistance against the US Dollar. ETH is currently supported and might soon aim for a move toward $2,000. Ethereum is currently eyeing a fresh increase above the $1,920 resistance zone. The price is trading above $1,880 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $1,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,920 resistance. Ethereum Price Remains Supported Ethereum’s price started a decent increase above the $1,800 resistance. ETH even broke the $1,880 level before the bears appeared near $1,920 and pushed the price lower, similar to Bitcoin. There was a downside correction below the $1,900 and $1,885 levels. The price spiked below the 50% Fib retracement level of the upward move from the $1,836 swing low to the $1,929 high. However, the bulls were active above the $1,870 level. There is also a major bullish trend line forming with support near $1,880 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the upward move from the $1,836 swing low to the $1,929 high. Ether is still trading above $1,880 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,910 zone. The next major resistance is near the $1,920 level. A close above the $1,920 resistance could send Ether toward $2,000. Source: ETHUSD on TradingView.com The next resistance sits near $2,040, above which Ethereum could gain pace toward $2,120. Any more gains above the $2,120 resistance zone might send the price toward the $2,200 resistance. More Losses in ETH? If Ethereum fails to clear the $1,920 resistance, it could continue to move down. Initial support on the downside is near the $1,885 level. The next major support is near the $1,870 zone or the trend line. If there is a close below the $1,870 support, the price could decline toward the 100 hourly SMA. Any more losses may perhaps send the price toward the $1,815 level in the coming sessions, below which it could test $1,800. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $1,870 Major Resistance Level – $1,920
read more
Bitcoin ETF: BlackRock, Fidelity Shows Recovery Signs, BTC Price To Rally Next Week?
Bitcoin ETFs in the United States recorded inflows of nearly $60 million on Friday, showing signs of recovery from the negative inflows this week. BlackRock (IBIT) and Fidelity (FBTC) inflows climbed higher as market participants celebrate the fourth successful Bitcoin halving. Rising inflows in BlackRock and other Bitcoin ETFs will provide a further push to The post Bitcoin ETF: BlackRock, Fidelity Shows Recovery Signs, BTC Price To Rally Next Week? appeared first on CoinGape .
read more
Bitcoin Halving Highlights 2024; The Halving Block Rewarded Validator With $2.6M
One of the most anticipated events of the cryptocurrency industry, Bitcoin halving, has finally been completed. The crypto industry has waited four years for this event, making it the most trending topic on social media, with more than 109K posts on X alone. The Bitcoin halving happens according to the validations of 210,000 blocks. In The post Bitcoin Halving Highlights 2024; The Halving Block Rewarded Validator With $2.6M appeared first on CoinGape .
read more
Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia
A widely followed crypto strategist says one Solana (SOL) rival may be gearing up for a breakout. Pseudonymous analyst Altcoin Sherpa tells his 215,200 followers on the social media platform X that layer-one blockchain Sei (SEI) may reverse to the upside after retesting a key level. “Coins like SEI are at pivotal areas. 200-day exponential The post Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia appeared first on The Daily Hodl .
read more
Ripple Vs SEC Update: Important Make or Break Moment In Lawsuit, XRP Price
Ripple Vs SEC lawsuit enters a pivotal week as Ripple Labs defense team prepares to file its opposition in response to the U.S. Securities and Exchange Commission’s remedies related-brief. As the SEC requested Judge Torres for final judgment and nearly $2 billion in penalties, Ripple is to submit a sealed response on April 22. The The post Ripple Vs SEC Update: Important Make or Break Moment In Lawsuit, XRP Price appeared first on CoinGape .
read more
Shiba Inu’s Marketing Chief Spotlights Hot Trend For SHIB In India
In a bid to inject a dose of market optimism into Shiba Inu, its marketing lead, Lucie, recently took to a post on X, spotlighting a hot trend for the dog-based meme cryptocurrency in India. The post shared by the marketing lead today, April 20, drew keen attention to Shibarium bridging, as the term emerged The post Shiba Inu’s Marketing Chief Spotlights Hot Trend For SHIB In India appeared first on CoinGape .
read more
Peter Schiff Teases Bitcoiners on Halving, Shares Cryptic Opinion
The highly anticipated Bitcoin halving event concluded, marking a significant milestone in the cryptocurrency world. This event, which occurs once every four years, saw a programmed reduction in the creation rate of new BTCs. At 8:10 p.m. New York time, at the block height of 840,000, the mining rewards were halved, impacting the economics of The post Peter Schiff Teases Bitcoiners on Halving, Shares Cryptic Opinion appeared first on CoinGape .
read more
SOL Price Fluxes Amid Solana Devnet’s Successful Restart For Second Time
In a riveting turn of events, following a considerable setback faced by Solana due to network congestion, the Solana devshop Anza-fostered v1.18.11 update to devnet was restarted again today as the upgrade failed earlier. The second attempt to restart the devnet, coming as an effort to reduce the ongoing network congestion, was pointed out to The post SOL Price Fluxes Amid Solana Devnet’s Successful Restart For Second Time appeared first on CoinGape .
read more
Bitcoin Meme Coin: PUPS Pumps 20% On Whale Accumulation and Runes
The ever-evolving world of cryptocurrencies once again witnessed a buzz today, April 19, as the Bitcoin meme coin PUPS (Ordinals) rallied nearly 20%, primarily aligning with a couple of bullish events amidst the BTC halving. Blockchain data highlights a massive whale accumulation, further accompanied by the launch of Runes protocol, a new standard for fungible The post Bitcoin Meme Coin: PUPS Pumps 20% On Whale Accumulation and Runes appeared first on CoinGape .
read more
Coinbase CEO Reacts As Board Member Kathryn Haun Resigns
The Coinbase Exchange has once again caught the eyes of the market participants as Kathryn Haun, a prominent figure in Coinbase’s boardroom, announces her resignation. With seven years of service, Kathryn Haun’s departure triggers reactions from Coinbase CEO Brian Armstrong. So, let’s take a look at their statements and the implications of Haun’s exit on the cryptocurrency The post Coinbase CEO Reacts As Board Member Kathryn Haun Resigns appeared first on CoinGape .
read more
RNDR and INJ Gain: Is an Uptrend on the Horizon for a New Player?
The market is experiencing a noticeable bullish trend. Its primary cause seems to be the rising success of AI-related tokens. Projects such as Render (RNDR) and Injective (INJ) have shown impressive performance recently, seeing their values increase rapidly over the last few weeks. This growth can be linked with changes in technological progress and usage rates within particular areas. To be more specific, the value of Render (RNDR) has increased significantly because of its pioneering in 3D rendering technologies that are very important for enhancing AI abilities. As Render (RNDR) and Injective (INJ) keep moving up, there’s strong expectation that
read more