Can It Maintain Support and Break Out?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Here’s Why ETH Could Skyrocket to $15,000 Soon

Ethereum, the second-largest cryptocurrency by market capitalization, has started showing signs of a bullish trajectory. Particularly, according to insights from CoinSignals, a prominent crypto analysis platform, Ethereum is poised for a significant price rally. The platform suggests that Ethereum could see its value rise to between $12,000 and $15,000 shortly. This forecast is based on positive market trends and strong fundamental performance indicators supporting a sustained value increase. Related Reading ETH Fundamental Strengths CoinSignals’ optimism is backed by several key factors that differentiate ETH from its peers, notably Bitcoin. Unlike…

Ethereum Price Stabilizes: Can ETH Gain Traction for an Upswing?

Ethereum price struggled to clear the $3,400 zone and corrected gains. ETH is firm near $3,280 and might attempt another increase in the near term. Ethereum started a downside correction from the $3,400 resistance. The price is trading near $3,280 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase unless there is a close below the $3,250 support zone. Ethereum Price Holds Firm While Bitcoin…

Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers

The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover and reopen its platform, providing updates and taking legal actions, while assuring users about […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Price Pulls Back: Will Bulls Conquer the Selling Pressure?

Bitcoin price started a downside correction from the $70,000 resistance. BTC is now correcting gains and might extend losses if it trades below $66,000. Bitcoin struggled near $70,000 and started a downside correction. The price is trading below $68,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $68,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails to stay above the $66,000 support zone. Bitcoin Price Dips…

Ethereum Poised To Break $4,000 As Price Tests Crucial Levels; Analyst

Ethereum appears poised for a significant breakout above the highly anticipated $4,000 price threshold. Despite this potential, the cryptocurrency has recently fallen short of the expectations of many enthusiasts and retail traders. The much-hyped launch of Spot Ethereum ETFs, rather than sparking a rally, turned into a classic “sell-the-news” event, leading to disappointment in the market. However, according to a crypto analyst, the overall sentiment around Ethereum remains fundamentally positive. This optimism is largely held up by some bullish investors who continue to hold up the cryptocurrency and its stability…

Transitioning from Miners to Stakers: Securing the Ethereum (ETH) Blockchain

Alvin Lang Jul 30, 2024 01:49 Exploring the transition from mining to staking and its impact on securing the Ethereum (ETH) blockchain, according to Grayscale. The Ethereum (ETH) blockchain has undergone a significant transformation with its shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. This transition, known as ‘The Merge,’ has replaced traditional miners with stakers, fundamentally altering the way the network is secured, according to a report by Grayscale. The Merge and Its Implications Ethereum’s transition to PoS,…

Interpol Issues Red Notice for ‘Coin Young Master’ Who Threw Cash From Rooftop

Interpol is aiding Hong Kong officials in locating Wong Ching-kit, a cryptocurrency promoter known as “Coin Young Master,” notorious for his 2018 stunt of tossing HK$6,000 from a rooftop. Wong faces charges of fraud and theft, including involvement in a HK$3 million cryptocurrency deception. An Interpol red notice has been issued to facilitate his arrest. […] Source CryptoX Portal

Dogecoin Ready For $0.3? Analysts Bullish Price Breakout Attempt

Over the weekend, Dogecoin (DOGE) soared 11% after the general market performance. The price surge led the dog-themed token to retest key resistance levels, which fueled a bullish prediction by crypto analysts. Investors also shared a positive sentiment following Elon Musk’s recent comments regarding cryptocurrencies and the largest memecoin by market capitalization. Related Reading Dogecoin Attempts To Break Above Key Level During the past week, market watchers have revealed their bullish predictions for the largest memecoin by market cap. Daan Crypto Trades revealed that DOGE was “showing some strength” after…