Ethereum Price Analysis: ETH/USD Poised for Next Leg Higher

Key Highlights ETH price traded a few points lower and tested the $200 support against the US Dollar. There is a crucial bullish trend line in place with support at $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $202 support and the 100 hourly simple moving average to stay in a positive zone. Ethereum price is stuck in a range against the US Dollar and bitcoin. ETH/USD could continue to consolidate before it could retest the $208 and $210 resistances. Ethereum…

Bitcoin (BTC) Price Watch: Decisive Bullish Break Happening?

Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000. Technical indicators are giving mixed signals but there are signs of bullish momentum building up. Bitcoin price is making another attempt at a bullish triangle breakout to ultimately confirm that more gains are in the cards. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA…

BCH Ready to Rally Despite Gemini Hitch

The supremacy war between Bitcoin ABC and Bitcoin SV is beginning to affect Bitcoin Cash investors keen on channeling funds through regulatory compliant avenues as Gemini. In a statement, the New York based exchange said they will list Bitcoin Cash in November once there is stability within the Bitcoin Cash ecosystem. Latest Bitcoin Cash News Gemini, one of the world’s largest and regulated cryptocurrency exchanges has delayed the listing of Bitcoin Cash. Citing “uncertainty within the Bitcoin Cash community about one or more possible hard forks”, the exchange plans to…

Bulls are back as Stellar Lumens add $300 million

Altcoins bulls are back and as Stellar Lumens—up 7.5 percent and IOTA—up three percent in the last day lead the rest of the market, it’s likely that our bull traders will go live today. As such, we recommend traders to search for under-valuations in lower time frames. Let’s have a look at these charts: EOS Price Analysis Still daily movements are tight and EOS bulls are struggling to follow through Oct 15 rapid gains. As a result, EOS is stagnating, oscillating within tight trade ranges in lower time frames while…

0x Surges 30% After Coinbase Listing, Which Crypto is Next?

0x (ZRX), better known as the 0x protocol, experienced a 30 percent increase in value within mere minutes after Coinbase, the world’s largest crypto brokerage, officially integrated ZRX. In an official announcement, Dan Romero, Coinbase vice president and Coinbase Consumer general manager, wrote: “Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, send, receive, or store ZRX, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. ZRX will be available for customers in most jurisdictions, but will…

Bitcoin Futures Trading Rose 41 Percent in Q3: CME

Bitcoin futures trading volumes continued to rise in Q3, with derivatives exchange CME reporting a 41 percent quarter-over-quarter increase in average daily volume. Bitcoin Futures Volumes See Major Bump in Q3 During Q3, the exchange averaged 5,053 contracts — each equivalent to 5 BTC — traded during each daily trading session, representing 25,265 BTC in volume. Open interest in CME’s bitcoin futures market saw a significant bump as well, rising 19 percent quarter-over-quarter to an average of 2,873. In Q3, Bitcoin futures average daily volume rose 41% and open interest was…

BTC/USD in Bull Trap, Again

The Bitcoin-to-dollar exchange rate consolidated sideways as an extension to its intraday stable action. The pair seems to have found a decent support above 6400-fiat, but an equally stubborn resistance near 6530-fiat is holding its gains. Currently, BTC/USD is trading at 6439-fiat, down 0.54 percent from the previous day’s close. On the fundamental front, Fidelity, a multinational financial service with a Wall Street status, has revealed its plan to commit its Bitcoin trading plans for hedge funds. The event attests to institutional investors’ growing interest in adding digital currencies to…

Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a range above $6,400 against the US Dollar. BTC/USD must break $6,520 to accelerate gains in the near term. Bitcoin Price Analysis During the past few sessions, there was hardly any…

Cardano Price Analysis: ADA/USD Eyeing Upside Break above $0.080

Key Highlights ADA price is holding the $0.0750 support and the 100 hourly simple moving average against the US Dollar (tethered). There is a major bearish trend line in place with resistance at $0.0800 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains supported on dips and it could move higher above $0.0800 in the near term. Cardano price is placed in a positive zone against the US Dollar and Bitcoin. ADA/USD may perhaps break the $0.0800 resistance to climb further higher. Cardano Price…

Bitcoin Price Rises to $6,450 as Market Stabilizes, Has Crypto Hit a Bottom?

Over the past 72 hours, the cryptocurrency market experienced one of its wildest fluctuations in recent years, triggered by the sudden increase in the Bitcoin price. The unforeseen decline in the value of Tether (USDT), a stablecoin backed by the US dollar on a 1:1 ratio, led premiums on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to materialize, briefly pushing the price of BTC to $7,700. In actuality, the price of BTC on fiat-to-cryptocurrency exchanges such as Coinbase and Bitstamp did not exceed $6,700. Still, the short-term recovery of…