Ethereum Price Analysis: ETH/USD Crashes To $500

Key Highlights ETH price declined sharply and traded below the $540 support area against the US Dollar. There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct a few points in the short term, but upsides are likely to be capped by $560. Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD almost tested the $500 level and is currently in a bearish zone. Ethereum Price Decline There was a nasty decline…

Bitcoin Price Dips to Two-Month Low Below $7K

The price of bitcoin dropped $500 in a single hour Sunday to hit a two-month low below $6,700. According to CoinDesk’s Bitcoin Price Index, the world’s largest cryptocurrency by market capitalization is now changing hands at $6,718, up slightly after reaching a daily low of $6,647, its lowest total since April 10. Indeed, data shows that over the last 24-hours bitcoin failed to find solid support in the $7,470 zone, before plummeting 11 percent to $6,647. For traders, this means bitcoin’s two-month uptrend appears to be in question. Trading at…

Bitcoin (BTC) Price Technical Analysis (June 11, 2018)

Yesterday we saw BTC prices literally crashing after shedding more than five percent. It might be a reactionary move after CFTC Bitcoin Futures investigations. However, what is important is how prices react at key support lines. Those levels stand at $7,000 and $7,100. Let’s have a look at these charts: Bitcoin (BTC) Technical Analysis In a new twist of events, Bitstamp, ItBit, CoinBase and Kraken have been asked by the CFTC to submit all trading information as investigations into possible market manipulation in the Bitcoin Futures begins. Note that since…

IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 11, 2018)

Its clear that yesterday’s bear moves at EOS, IOTA, Tron-despite announcement of Tron Programming Competition winners-are evident. Of all, EOS is down and rejecting prices above $15. That’s regardless of the recent  mainnet launch and subsequent validation 24 hours later. Will prices recover or will we see bears driving prices below $1.3, $12 and $110 in IOTA, EOS and Litecoin respectively? Let’s look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View So, after periods of deliberation and whether the network is itself secure, EOS was eventually…