Ethereum (ETH) Price Remains In Uptrend: Break Above $280 Imminent

ETH price remained in a positive zone and recently traded above the $275 resistance against the US Dollar. The price is currently correcting lower, but it remains well supported near $265 and $262. There is a major bullish trend line forming with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to grind higher and it might soon surpass the $278 and $280 resistances. Ethereum price gained bullish momentum above $265 versus the US Dollar, but declined vs bitcoin. ETH price remains…

Russia Is Getting Serious About Blockchain, but Remains on the Fence About Cryptocurrencies

Last week, an annual forum featuring Russia’s top people from the economic sector was held in St. Petersburg, and cryptocurrencies were a hot topic there. Notably, government agents and state-controlled businesses were vocal about their interest in blockchain, but seemed to distance themselves from digital tokens. Meanwhile, the regulatory framework for cryptocurrencies is still missing in the country, despite the fact that local authorities have been tasked to prepare the needed amendment a while ago. So, where is Russia heading in terms of crypto and blockchain? Brief introduction to Russia’s…

Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap grinded higher and tested the $245.0B resistance area. Bitcoin price is currently consolidating near the $8,000 level. EOS price broke the $6.30 resistance and it is currently moving towards the $6.40 level. Binance Coin (BNB) is surging higher and it recently broke the $35.00 resistance. Bitcoin cash price is trading nicely above the $400 support area. Tron (TRX) price is slowly moving higher towards the $0.0292 and $0.0295 resistance levels. The crypto market cap is gaining bullish momentum, with positive moves in bitcoin (BTC) and…

Ethereum (ETH) Price Could Weaken In Short Term But Remains Supported

ETH price failed to move above the $265 resistance area and recently declined against the US Dollar. The price traded below the $258 and $252 support levels to start a short term bearish wave. This week’s important bullish trend line was breached with support at $256 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to test the $232 support area, where the bulls are likely to emerge. Ethereum price started a short term downward move versus the US Dollar and bitcoin. ETH might test…

Bitcoin (BTC) Price Forecast Remains Bullish: Bulls Target $8.5K and $9K

Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar. The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend. There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further towards $8,500 once it breaks $8,050 and $8,100. Bitcoin price rallied significantly and broke $8,000 against the US Dollar. BTC bulls remain in full control and they are…

Bitcoin (BTC) Price Remains Strong Buy On Dips Despite Binance Hack

Bitcoin price traded to a new 2019 high above $5,950 and recently corrected lower against the US Dollar. The price declined below the $5,900 and $5,840 support levels, but it remained well bid. There was a break below a connecting bullish trend line with support near $5,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher once towards the $5,880 and $5,900 levels in the near term. Bitcoin price started a downside correction after testing $5,950-6,000 against the US Dollar.…

Ripple (XRP) Price Remains Vulnerable Below $0.3050

Ripple price struggled to gain bullish momentum and declined below $0.3000 against the US dollar. The price is currently trading below key supports and it could extend losses below $0.2940. There is a short term bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses towards the $0.2900 and $0.2850 support levels. Ripple price is currently in a declining mode against the US Dollar and bitcoin. XRP failed to hold gains…

Ripple (XRP) Price Remains At Risk Of Further Decline

Ripple price recovered recently above the $0.2900 level and tested $0.2960 against the US dollar. The price seems to be facing a strong resistance near the $0.2950 and $0.2960 resistance levels. There is a connecting bearish trend line forming with resistance near $0.2935 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could revisit the $0.2810 level as long as it is trading below $0.2960 and $0.3000. Ripple price is facing a lot of hurdles on the upside against the US Dollar and bitcoin. XRP…

Ethereum (ETH) Price Correcting Gains But Remains Buy on Dips

ETH price traded above the $174 and $175 resistance levels before it faced sellers against the US Dollar. The price traded towards the $178 level and later started a downside correction below $172. There is a major bearish trend line in place with resistance at $171 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either climb back above $171 or correct lower further towards the $166 support area. Ethereum price started a downside correction versus the US Dollar, but remained flat against bitcoin. ETH could…

Bitcoin Remains Stable | Crypto Market Capitalization Hits New High

Over the last month, the cryptocurrency market was on a hot streak, rising about 38% as investors piled into crypto assets such as Bitcoin and other popular alternatives like Litecoin, Ripple’s XRP, Ethereum, Bitcoin Cash, and EOS. Crypto Market Capitalization Hits New All-Time High At the beginning of the month, Bitcoin (BTC) price surged, taking analysts and traders by surprise as to what might have caused the sudden increase in price. However, analysts are unsure whether the cryptocurrencies will hold their recent gains. But considering Bitcoin has managed to maintain…