Ripple (XRP) Price Could Revisit $0.2000, BTC & ETH Under Pressure

Ripple price rallied recently above the $0.2220 resistance, but failed near $0.2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0.2100. There is a new bearish trend line forming with resistance near $0.2210 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also down and moving towards the $142 support area. Ripple price is still trading in downtrend despite the recent rally against the US Dollar, similar to bitcoin. XRP price is likely to revisit the $0.2000…

Ethereum (ETH) Rip & Dip Scenario Was Total Disaster

Ethereum rallied sharply above the $150 resistance, but failed near $152 against the US Dollar. The price is trimming gains and it is back to pre-rally levels near the $144 support. There is a short term bullish trend line forming with support near $145 on the hourly chart of ETH/USD (data feed via Kraken). The price remains at a risk of more losses below the $145 and $144 support levels. Ethereum price rally above $150 seems to be fake versus the US Dollar, similar to bitcoin. ETH price is back…

Price Analysis 04/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin price is leading from the front and is showing signs that a bottom has been reached. On Dec. 2, open interest on Bakkt’s Bitcoin futures reached a new all-time high. This came just a few days after the daily Bitcoin futures trading volume had hit a lifetime high. These back to back trading volume records show an increasing interest from institutional investors but the majority of the crypto community is still wondering why Bitcon’s spot price is not steadily increasing.  Bakkt’s launch of Bitcoin options contracts on Dec. 9…

Ripple (XRP) Price Remains In Downtrend, BTC & ETH Down 3%

Ripple price is declining and it is now trading below the $0.2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0.2000. This week’s major bearish trend line is still active with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum also traded below the key $145 support and it could retest $135. Ripple price is showing signs of further losses against the US Dollar and bitcoin. XRP price is likely to…

Ethereum (ETH) Diving Below $150, Bitcoin Breaks Key Support

Ethereum is declining and it recently traded below the $148 support against the US Dollar. The price is currently below $145 and it seems like there is a risk of more downsides. Yesterday’s key bearish trend line is active with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $146 and $148. Ethereum price is declining further below key supports versus the US Dollar, similar to bitcoin. ETH price remains at a risk…

China’s Great Firewall Blocks Popular ETH Block Browser Etherscan

China’s Great Firewall, a tool used to ban Chinese citizens from using sites like Google and Facebook, has listed a major explorer for Ethereum’s (ETH) blockchain. According to data from non-profit monitoring organization GreatFire, China allegedly blocked one of the most popular ETH block browsers, Etherscan, in October 2019. As of Dec. 3, Etherscan’s domain remained inaccessible from IP addresses inside mainland China, as reported by crypto publication Coindesk on Dec. 3. Etherscan is aware of the block, firm’s CEO says While the Etherscan’s blockage was largely unnoticed, the firm’s…

Bitcoin Cash Facing Uphill Task, BTC & ETH Consolidating

Bitcoin cash price is facing a strong resistance near the $216 and $218 levels against the US Dollar. The price is currently consolidating in a range above the $210 support area. There is a major bearish trend line forming with resistance near $215 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must surpass the $216 resistance area to start a nice upward move. Bitcoin cash price is facing many resistances near $216 against the US Dollar. BCH/USD could tumble below $210 if it continues…

Ethereum (ETH) Holding Uptrend Support, Bitcoin Recovering

Ethereum is trading above the key $145 and $146 support levels against the US Dollar. The price is likely to surpass the $150 and $152 resistance levels in the near term. There is a new connecting bearish trend line forming with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken). The price is likely to accelerate higher once it clears the $152 resistance zone. Ethereum price is holding a couple of key supports versus the US Dollar and bitcoin. ETH price is likely to climb above…

Price Analysis 02/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin appears to have bottomed at $6,500 and once confirmed many cryptocurrencies could provide lucrative trading opportunities at a good risk-reward ratio. Bitcoin price continues to trade with an advantage to bears but this does not mean investors or miners have capitulated. About 64% of the total Bitcoin mined to date has been dormant in wallets since 2018. This shows that Bitcoin hodlers do not believe in trading for short-term gains, as they anticipate much higher prices in the future. While this might be a feasible strategy for the whales,…

Ethereum (ETH) Setting For Breakout or Further Decline?

Ethereum is holding the key $145 support area and recovering against the US Dollar. The price is currently facing a strong resistance near the $152 area. Earlier, there was a break above a major bearish trend line with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken). The price remains well bid, but it might struggle to climb further above $152 and $155. Ethereum price is facing an uphill task versus the US Dollar and bitcoin. ETH price must break the $152 and $155 resistance levels…