Tag: Support

Ethereum Price Bears Aim For $3,000, Can ETH Stay Above This Support?

Ethereum price extended its decline below $3,200. ETH is struggling and it seems like the bears are now aiming for a move toward the $3,000 support zone. Ethereum started a downside correction below the $3,350 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,420 and $3,500 resistance levels. Ethereum Price Breaks Support…

Ether.fi (ETHFI) Sell-Off Intensifies As Arrington XRP Capital Shifts Holdings To Binance, Will $3 Support Hold?

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ETHFI, the governance token for the Ether.fi staking protocol has seen a significant drop in price since its debut on Binance on Monday, March 18. After initially trading at $4.13, the token has lost over 25% of its value, raising concerns among investors.  Nonetheless, recent on-chain activity has fueled speculation of further sell-offs, potentially threatening the token’s stability and its ability to hold the $3 mark. In particular, blockchain analytics firm Nansen has identified interesting behavior involving Arrington XRP Capital on the Ether.fi platform, highlighting some significant transactions. Price Concerns…

Bitcoin Plunges Under $63,000, Here’s Where Next On-Chain Support Is

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Bitcoin has deepened its decline in the past day with its price now slipping below $63,000. Here’s where the next potential support is, according to on-chain data. Bitcoin Could Find Support At These Price Levels In a new post on X, analyst Ali has discussed how the Bitcoin support and resistance levels are looking like right now based on on-chain data from Glassnode. The indicator of relevance here is the “UTXO Realized Price Distribution” (URPD), which, in short, tells us about the amount of coins (or more precisely, UTXOs) that…

Can Bulls Defend This Key Support?

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XRP price started a downside correction from the $0.7450 resistance. The bulls are now struggling to keep the price above the $0.5850 support zone. XRP started a fresh decline after it failed to clear the $0.7450 resistance. The price is now trading below $0.650 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a close above the…

Bitcoin Price Hits Support But Fresh Rally Faces Many Hurdles

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Bitcoin price tested the $65,000 support zone. BTC is now rising and attempting a fresh increase above the $70,000 resistance zone in the near term. Bitcoin price is showing a few positive signs from the $65,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $70,000 resistance zone in…

Analyst Expects Bitcoin Price Correction To Persist, Targets $57,000 Support

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Bitcoin (BTC) has drawn much attention in the last few weeks, with a stunning price surge leading to a new all-time high of $73,750. Largely defined as the pre-halving rally, BTC’s bolstering gains have been followed by significant price correction, with the crypto market leader trading as low as $65,630 on March 15.  While the cryptocurrency may have picked up some minor gains in the last 12 hours as it attempts a market recovery, popular analyst Michaël van de Poppe has released a disturbing prediction that indicates Bitcoin price correction…

Ethereum Price Takes Hit, But This Support Could Spark Fresh Increase

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Ethereum price is declining from the $4,080 zone. ETH is now approaching a major support at $3,500 where the bulls might take a stand. Ethereum started a downside correction from the $3,080 zone. The price is trading below $3,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,850 resistance zone. Ethereum Price Dips Ethereum price failed to stay above the…

Bitcoin Price Slides Within Range, Can Bulls Protect This Support?

Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term. Bitcoin price is correcting gains and moving lower from the $73,000 zone. The price is trading below $71,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $72,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $67,000 support zone in the near term. Bitcoin Price…

Ethereum Layer-2 Skyrockets After Earning Surprise Support From Crypto Exchange Binance

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One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab Foundation…

Sensay Unveils AI-Powered Digital Replicas for Dementia Support and Beyond – Blockchain News, Opinion, TV and Jobs

London, UK, March 11th, 2024, Chainwire Sensay, a pioneering technology company at the intersection of AI and blockchain, today announced the imminent launch of its innovative platform designed to create autonomous lifelike AI Digital Replicas on-chain, marking a significant leap towards digital immortality. Leveraging cutting-edge technology, Sensay offers limitless potential in the digital age, empowering users to retain ownership and monetize their digital twins. A Bold Step for Dementia Patients and Beyond Starting with a focus on dementia patients and their families, Sensay aims to provide immediate social impact by…