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Key Highlights ETH price failed to move above the $203 resistance and declined recently against the US Dollar. There is a new bearish trend line formed with resistance at $201 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on the downside near the $196 and $197 levels. Ethereum price declined towards the range low against the US Dollar and bitcoin. ETH/USD could drop further towards the $197 support level. Ethereum Price Analysis Yesterday, we saw a nice upside move above the $200 level in ETH price against the US Dollar. The ETH/USD pair traded above the $202 level and the 100 hourly simple moving average. It even broke the 50% Fib retracement level of the last drop from the $207 swing high to $198 low. However, the price struggled to clear the $203 resistance zone, which acted as a solid barrier. The price was also rejected near the 61.8% Fib retracement level of the last drop from the $207 swing high to $198 low. As a result, there was ...

Key Highlights ETH price failed to stay above the $202 support and declined recently against the US Dollar. Yesterday’s highlighted important bullish trend line was breached with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure below $202 and it could extend its slide in the near term. Ethereum price broke key support levels against the US Dollar and bitcoin. ETH/USD may decline in the short term towards $198 or $196. Ethereum Price Analysis Yesterday, we saw a short term top near the $207 level in ETH price against the US Dollar. The ETH/USD pair started a downside correction and traded below the $205 level. Later, sellers gained traction and pushed the price below the $202 support. Moreover, there was a break below the 100 hourly simple moving average, which is currently at $202. During the drop, the price moved below the 50% Fib retracement level of the last wave from the $196 low to $207 swing high. More importa...

Key Highlights ETH price declined recently below the $200 level before buyers emerged near $196 against the US Dollar. There is a major bullish trend line with support at $201 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must clear the $207 hurdle and the 100 simple moving average (4-hours) to gain momentum. Ethereum price is trading near crucial levels versus the US Dollar and Bitcoin. ETH/USD must surpass the $207 and $214 levels to gain upside momentum. Ethereum Price Analysis This past week, there was a slow and steady decline below the $215 level in ETH price against the US Dollar. The ETH/USD pair even traded below the $200 support and settled below the 100 simple moving average (4-hours). The price traded as low as $196 and later started an upside correction. It traded above the $200 level and recovered more than 2%. During the climb, it broke the 23.6% Fib retracement level of the recent decline from the $219 high to $196 low. However, there is a...

Key Highlights ETH price declined heavily and traded as low as $184.5 against the US Dollar. There are two important bearish trend lines in place with resistance at $208 and $218 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may correct higher, but there are many hurdles near $207 and $212 on the upside. Ethereum price is facing many barriers versus the US Dollar and Bitcoin. ETH/USD remains at a risk of more losses as long as it is below $212. Ethereum Price Analysis This past week, there was a sharp downside move from the $234 resistance zone in ETH price against the US Dollar. The ETH/USD pair tumbled and broke the $206 and $200 support levels. It tested the $184-185 support and formed a low at $184.5. The price later started an upside correction above $190, but it is still way below the 100 simple moving average (4-hours). It has moved above the 23.6% Fib retracement level of the last decline from the $230 high to $184 low. However, there are many res...

Key Highlights ETH price found support near the $213-214 zone after yesterday’s decline against the US Dollar. There was a break above a key bearish trend line with resistance at $221 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading with a positive bias above the $218 and $220 levels. Ethereum price is slowly recovering against the US Dollar and bitcoin. ETH/USD is likely to correct further higher towards the $230 level in the near term. Ethereum Price Analysis Yesterday, we saw a major downside move below $220 in ETH price against the US Dollar. The ETH/USD pair even broke the $218 level and traded towards the $213-214 support zone. A low was formed near $214 and later the price started an upward move. There was a break above the $218 resistance and the 23.6% Fib retracement level of the recent decline from the $239 high to $214 low. More importantly, there was a break above a key bearish trend line with resistance at $221 on the hourly ...

Altcoins An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others. Also Read: High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US   Trader Takes Out Six-Figure Loan to Buy Crypto During December 2017 Crypthomie, a Reddit user identifying as a 32-year-old male living in Abu Dhabi, recently posted a photo of his repayment schedule pertaining to a six-figure loan that he took out on the 18th of December, 2017. The Redditor borrowed 338,000 dirhams (roughly $126,500 USD), with a total outstanding amount of 393,296.80 dirhams ($147,200 USD) including interest from Emirates Islamic Bank. The document outlines a repayment schedule of 8194 dirhams ($3067 USD) monthly until December 14, 2021. The investor wrote: “Here i...

The cryptocurrency market attain a nine-month low since November 2017, as a huge sell-off is triggered in Bitcoin and altcoins. The Digital Currency market has made a new low for 2018 today as the overall market valuations have dropped below $200 billion. The market is reeling under a heavy selling pressure as over $25 billion have been wiped off the market in the last 24-hours. Bitcoin has lost nearly 7% in the last 24-hours as the world’s largest digital currency dipped below $6000 mark, momentarily, before finally recovering back. As per the global charts on CoinMarketCap, the cryptocurrency market has dipped to a low of $189 billion which is the lowest in the last nine months since November 2017. However, today’s price fall in Bitcoin is relatively low in comparison to other altcoins which have been the major reason for the huge slump in the market valuations. Data on the CoinMarketCap shows that except the Bitcoin, almost all the other top-twenty cryptocurrencies have ...

This biggest one day dump this year, Ethereum, XRP, Bitcoin Cash, EOS and Cardano dropping double digits The crypto winter is getting colder as markets tanked yet again over night to a new 2018 low. Total market capitalization plunged below $200 billion and kept going to reach its lowest level since the end of October 2017. Bitcoin briefly dipped below $6k once again and is holding the level just above it. With a loss of 6.5% on the day BTC is down to $6,050 and poised for further declines. Trade volume has dropped from $6.6 billion to just over $5 billion at the time of writing. Ethereum has crashed, taking an epic nosedive of 17.5% to trade at $265. This puts it back to mid-2017 price ranges when sentiment was largely bullish. Over the past week ETH has shed 35% as its market cap dumped nearly $15 billion. From a July high of just over $500 Ethereum has crashed almost 50% marking its biggest decline since early January. Ethereum has not been this low since September 15 last year...