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
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Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze
Venezuela’s Ministry of Electric Power announced plans to disconnect cryptocurrency mining farms from the national grid to manage high energy demand and ensure reliable power supply to its citizens. The decision follows the recent seizure of 2,000 cryptocurrency mining machines as part of an anti-corruption drive. Venezuela Intensifies Crackdown on Illegal Crypto Mining In response The post Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze appeared first on CoinGape .
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5 Most Expensive Crypto To Buy This Month
Digital asset prices are moving up in the market with investors looking for expensive crypto to buy amid future gains. The adoption of blockchain technology and cryptocurrencies has sparked a surge in digital asset prices. A comparison in the last couple of years shows a jump in prices of expensive crypto assets. From Bitcoin (BTC) The post 5 Most Expensive Crypto To Buy This Month appeared first on CoinGape .
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BlockDAG, ADA, and HBAR: Exploring Top Crypto To Buy
Must-Watch Cryptocurrencies in 2024: BlockDAG to Hit $30 by 2030, Cardano Surges, Hedera’s Explosive Growth The world of cryptocurrencies embodies organized chaos, while Cardano and Hedera are capturing increased market interest, buoyed by optimistic ADA price projections and favorable developments for Hedera (HBAR). BlockDAG is quickly establishing itself as a
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BlockDAG’s Keynote Drives Presale Success, as Batch 13 Hits $27.7M; Chainlink & Apecoin Struggle with Downward Trends
The Chainlink (LINK) price forecast paints a bearish picture with a -17.18% Year-to-Date (YTD) return. Apecoin sees a weak price action, with the altcoin facing a negative trend this week. Meanwhile, BlockDAG keeps making significant strides as it recently lit up the Piccadilly Circus of London, celebrating $27.7 million raised from the sale of 9 The post BlockDAG’s Keynote Drives Presale Success, as Batch 13 Hits $27.7M; Chainlink & Apecoin Struggle with Downward Trends appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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Altcoin Tied to Security-Focused Crypto Wallet Surges by 43% This Week Amid Rollout of New Swaps Feature
An altcoin linked to a security-focused crypto wallet is outperforming the broader digital asset market, surging by more than 40% this week. Safe is a smart contract wallet that runs on multiple blockchains. The project introduced native swaps this week. Explains Safe, “Batch auctions consolidate multiple transactions, reducing gas costs and the need for multiple The post Altcoin Tied to Security-Focused Crypto Wallet Surges by 43% This Week Amid Rollout of New Swaps Feature appeared first on The Daily Hodl .
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