Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely

ETH price is currently trading in a broad range above the $140 and $142 supports against the US Dollar. The price seems to be facing a strong resistance near the $148 and $150 levels. There is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $140 support to clear the $150 barrier in the near term. Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH/USD could…

Ethereum Price Analysis: ETH Primed To Break $150 and $155

ETH price remained well supported above the $138 and $140 levels against the US Dollar. The price recovered, but it struggled to break the $148 and $149 resistance levels. There is a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well bid and it is likely to break the $148 and $150 resistance levels in the near term. Ethereum price is trading nicely in a positive zone against the US Dollar and bitcoin. ETH/USD will…

Ethereum (ETH) Breakout Past $140 Was “Real,” But Pullback Is Possible

Ethereum Could Pullback After Monumental Two Weeks It goes without saying that Ethereum (ETH) has had an amazing week. As of the time of writing, the asset is sitting at a hefty $143 a pop, posting a 40% gain since February 6th. Mati Greenspan of eToro even recently argued that the asset led the Bitcoin rally seen on Sunday and Monday, which pushed BTC past $3,800/$3,900, and a mass of other cryptocurrencies above notable levels of support. But is this move real? In the eyes of CryptoMedication, also known as…

Ethereum Price Analysis: ETH Remains Buy On Dips, 100 SMA Holds Key

ETH price started a downside correction after testing the $149-150 resistance area against the US Dollar. There was a break below a key bullish trend line with support at $146 on the hourly chart of ETH/USD (data feed via Kraken). There was an increase in selling pressure and the price tested the $139-140 support area. A few important supports are in place near the $141, $140 and $136 levels. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD must stay above $136 and the 100…

Ethereum Price Analysis: ETH Rally Takes Break, Uptrend Intact Above $140

ETH price extended the recent rally and traded above the $144 and $148 resistances against the US Dollar. The price traded close to the $150 level and later started consolidating gains above $145. There is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD (data feed via Kraken). There could be a short term downside correction, but buyers remain in action above $140. Ethereum price posted solid gains against the US Dollar and bitcoin. ETH/USD tested the $150 resistance area and it…

Ethereum Price Analysis: ETH Rallies Above Key Resistance, Next Target $145

ETH price gained strength above the $125 and $130 resistance levels against the US Dollar. There was a proper close above the $130 resistance level and the 100 hourly simple moving average. There is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD (data feed via Kraken). The price is likely to continue higher and the next targets for buyers could be $140 and $145. Ethereum price is gaining strength above key levels against the US Dollar and bitcoin. ETH/USD is placed…

Crypto Analyst: Ethereum (ETH) Major Shift Potential Is Building

Ethereum Pushes $130 While the broader crypto market has been in a lull over recent days, Ethereum (ETH) has been surging as of late. The popular cryptocurrency, which recently surpassed XRP in terms of market capitalization, is up 6.00% in the past 24 hours, finding itself selling for $130.52 apiece. Many have argued that this move is a byproduct of ETHDenver, one of the foremost annual events in the entirety of the Ethereum ecosystem. Regardless, the fact of the matter is that ETH has outperformed its counterparts in recent memory. This…

Ethereum Price Weekly Analysis: ETH Primed To Rise Further Above $125

ETH price started a major consolidation after a nasty upward move above $120 against the US Dollar. There is a contracting triangle in place with resistance at $124 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once it breaks the $124 and $125 resistance levels in the near term. On the other hand, a break below $119 might call for more declines towards the $114 or $110 level. Ethereum price is placed nicely in a positive zone versus the US Dollar…

Ethereum (ETH) Founder Vitalik Buterin Denies Attack Vector

Ethereum (ETH)–Co-founder of Ethereum and cryptocurrency figurehead Vitalik Buterin has denied rumors that a proposed feature in the upcoming Constantinople hard fork will allow for an attack vector on the ETH currency. Buterin, speaking in an Ethereum core developer call held on Feb. 15 dismissed allegations and industry chatter that a smart contract creation feature, originally proposed by Buterin himself, would put the security of Ethereum’s blockchain at risk. Other core developers also vouched their support for Buterin and denounced the feature would outright hamper ETH functionality. Create2, the improvement…

Regulated ETH Futures Would Result in More Robust, Liquid Market

Chicago-based crypto exchange ErisX has filed a comment letter with the United States Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on Ethereum (ETH)’s mechanics and market. The letter, submitted on Feb. 15, sets forth the exchange’s belief that “the introduction of a regulated futures contract on Ether would have a positive impact on the growth and maturation of the market.” As reported, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to begin support for spot trading in Bitcoin (BTC),…