Ethereum (ETH) Price Testing Key Support: $250 Holds The Key

ETH price started a downside correction after trading towards the $265 level against the US Dollar. The price declined below the $255 level, but the $250 support area is acting as a support. There is a key bullish trend line forming with support near $253 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $250 pivot level to start a fresh increase in the near term. Ethereum price corrected lower below $260 and $255 versus the US Dollar, but it was stable vs…

Bitcoin (BTC) Price At Risk Of Additional Weakness: $8,000 Holds Key

Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar. The price even broke the key $7,600 support level and it is currently recovering higher. There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle near the $8,000 and $8,200 resistance levels in the near term. Bitcoin price is facing an increase in selling pressure against the US Dollar. BTC might…

Ethereum (ETH) Price Showing Signs of Weakness: $250 Holds Key

ETH price recovered recently, but it struggled to clear the $275 resistance against the US Dollar. The price is currently under pressure and it could decline below the $260 support area. There was a break below a major bullish trend line with support at $270 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently showing bearish signs and it could decline towards the $250 support area. Ethereum price is slowly moving lower versus the US Dollar and bitcoin. ETH price could decline towards the $250…

Ethereum (ETH) Price Holding Gains: Key Resistances Nearby

ETH price recovered nicely after declining towards the $240 support area against the US Dollar. The price traded above the $270 level, but it seems to be struggling near $278 and $280. There is a short term breakout pattern forming with resistance near $270 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips as long as there is no close below the $250 support area. Ethereum price jumped back after correcting sharply versus the US Dollar, similar to bitcoin. ETH must gain…

Ripple (XRP) Price Crashes Below Key Support: More Losses Possible

Ripple price traded to a new monthly high at $0.4777 and recently declined sharply against the US dollar. The price broke the key $0.4570 and $0.4400 support levels to enter a bearish zone. This week’s crucial ascending channel was breached with support at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as low as $0.3999 and it remains at a risk of more losses in the near term. Ripple price declined sharply against the US Dollar, similar to bitcoin. XRP broke the…

Ripple (XRP) Price Holding Key Support: Downside Thrust Before Higher?

Ripple price corrected lower, but the $0.4200 area acted as a strong support against the US dollar. The price bounced back above the $0.4340 and $0.4400 levels to move back in a positive zone. Yesterday’s highlighted crucial ascending channel is intact with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to correct lower once again before a fresh increase above the $0.4600 resistance area. Ripple price is gaining bullish momentum against the US Dollar and bitcoin. XRP might dip…

Bitcoin (BTC) Price Correcting Gains: 100 SMA Holds Key

Bitcoin price topped near the $8,950 level and recently corrected lower against the US Dollar. The price declined below the $8,700 and $8,620 support levels to enter a short term bearish zone. There is a major bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $8,300 support area to start a fresh increase in the near term. Bitcoin price started a downside correction below $8,600 against the US Dollar. BTC is likely to…

Ethereum (ETH) Price Approaching Key Support: Buy Dips?

ETH price topped near the $280 level and recently started a downside correction against the US Dollar. The price is slowly moving lower towards a couple of important supports near $265. Yesterday’s highlighted key ascending channel is intact with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $266 and $265 support levels. Ethereum price is currently correcting recent gains versus the US Dollar, but declining vs bitcoin. ETH could bounce back as long…

Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users

Online cryptocurrency paper wallet creator WalletGenerator.net previously ran on code that caused private key/public key pairs to be issued to multiple users. The vulnerability was described in an official blog post by security research Harry Denley of MyCrypto on May 24. According to the post, the bad code was in effect by August 2018, and was only recently patched out as of May 23. The live code on the website is reportedly supposed to be open source and audited on GitHub, but there were differences detected between the two. After…

Ethereum (ETH) Price Rebound Reaching Crucial Juncture: $250 Holds Key

ETH price decline recently and retested the key $231 support area declined against the US Dollar. The price started a decent rebound and recovered above the $240 and $242 levels. There is a major bearish trend line forming with resistance near $248 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $248 and $250 resistances to continue higher in the coming sessions. Ethereum price is currently recovering versus the US Dollar, but consolidating vs bitcoin. ETH must settle above the $250 barrier to continue…