Ethereum Bears Will Get “Scorched” If This Pivotal Resistance Breaks

Like Bitcoin, Ethereum has flatlined over the past few months. For just around eight weeks now, the leading altcoin has traded in between $230 and $240, barely deviating from these two levels. Yet an analyst expects a massive breakout should ETH break above an extremely close resistance level. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions …

This Unexpected Signal Indicates Bitcoin Is About to See a Bull Trend

Bitcoin’s price action has been extremely boring over the past two months, with the leading cryptocurrency trading in a historically small range. Bulls, however, may soon get a boost as the premium between the Bitcoin spot market and the implied price of BTC determined by Grayscale investors has shrunk. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions …

Here’s the Level Bitcoin Needs to Break to See a “Tesla Sized” Rally

Bitcoin’s boring price action seen throughout the past few months has caused its trading volume and liquidity to both dive lower. It appears that many traders are turning towards the more traditional markets to get their fix of volatility, with some equities like Tesla (TSLA) seeing massive rallies over the past couple of weeks. Although Bitcoin’s lackluster price action doesn’t …

Even After Going Parabolic, Ethereum DeFi Tokens Have Room to Grow in China

Ethereum’s decentralized finance (DeFi) tokens have been all the rage over recent weeks, with some literally rallying parabolically. Take the example of Aave’s LEND, which has gained in excess of 184.8% in the past 30 days and 7,500% in the past year. Or take the example of Synthetix Network Token (SNX), which is also up by almost 200% in the …

What Happens Next? Bitcoin Range Falls To Tightest Point In History

2020 has been a brutal year on all accounts, topped off by the most boring sideways action in Bitcoin yet. In fact, this truly is the most stagnant range in the history of the first-ever cryptocurrency, according to a range-measuring technical indicator. Bitcoin True Range Reaches Record-Setting Low Bitcoin price is trading at roughly $9,200. It’s been trading within just …

Hackers Demand $7.5 Million in Monero Following Phone Company Hack

Reports have emerged that hackers have demanded $7.5 million in Monero following an attack on Telecom Argentina S.A, a major telecom provider that serves the country’s north region. Anonymous sources claim the cyberattack has been on-going since Wednesday. At first, staff attributed poor IT performance to glitches within the system. But investigations by the firm’s help desk were later followed …

Analyst Fears a Drop as Ethereum Deposits Spike to Multi-Week Highs

Like Bitcoin, Ethereum (ETH) has flatlined over recent weeks in an extremely tight range. For the leading altcoin, this range has been approximately $230-245. Bears may soon gain the upper hand as the on-chain and technical analysis case for Ethereum has purportedly flipped bearish. This comes at a pivotal time for Bitcoin, which is expected to see a macro breakout …

Analyst: Bitcoin Looks Exactly As It did Prior to 2017’s 2,000% Rally

Multiple analyses have shown that Bitcoin looks primed to see a macro rally despite the ongoing uncertainty and lack of volatility. Related Reading: BTC Just Confirmed a Signal That Preceded Historical 5,000% Rallies Bitcoin Looks Extremely Similar to the Start of Previous Macro Rallies According to a cryptocurrency trader, the simple chart below explains why he is currently bullish on Bitcoin. …

Ethereum Facing Uphill Task Near $240: Key Reasons Why It Could Tumble

Ethereum started a fresh decline from the $245 resistance against the US Dollar. ETH price is currently correcting higher, but upsides are likely to remain capped near $238 and $240. ETH price is facing a strong resistance near $240 and the 100 simple moving average (4-hours) against the US Dollar. The bears are likely to remain in control as long …