Coins

Ethereum faces another bull trap as massive breakdown looms

March 4th, 2021

Ethereum has not risen above $1,700 since the drop from all-time highs above $2,000. On the downside, the pioneer altcoin has tested support at $1,300. Recovery has taken place from the beginning of the week amid the increase in bull traps’ frequency. On Wednesday, Ether spiked above $1,600, somehow convincing investors that it was ready…

Ripple retests crucial support ready for 14 percent upswing

March 4th, 2021

Ripple’s bulls are focused on recovery despite the lethargic price action across the cryptocurrency market. A recent swing north failed to complete the leg to $0.5, hitting a barrier at $0.47.  The correction that ensued tested the support at $0.44, poking the buyers on the sidelines to jump in and push for higher levels. The…

Ethereum’s Top 10 Whale Addresses Add 1 Million ETH In A Day, Evolve Files for Ether ETF

March 3rd, 2021

After slipping to a low of $1300 earlier on Sunday, the world’s second-largest cryptocurrency Ethereum is steadily consolidating around $1550 levels over the last 48 hours. However, it seems that ETH whales are scooping the most ETH coins during the recent correction. As per on-chain data provider Santiment, the top-10 Ethereum non-exchange whale addresses are…

Tezos Ties-Up with Wolfram Blockchain Labs to Simplify Smart Contract Deployment

March 2nd, 2021

Wolfram Blockchain Labs and Tezos are forging a full integration of Tezos into Wolfram Language and WolframAlpha. The integration gives easy access to developers that want to interact with the Tezos blockchain and their smart contracts. WBL-Designed Oracle Expands Tezos Developers’ Computational and Analytical Capabilities Amid the accelerating race to simplify smart contract deployment, Tezos…

Ripple draws closer to a 30 percent downswing amid deteriorating technicals

March 2nd, 2021

Ripple’s uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing XRP to abandon a potential spike to highs around $0.575. The international money remittance token is exchanging hands at $0.42 at the time of writing. Buyers are focused on…

Twitter to Raise $1.25 Billion in Convertible Notes, Many Beleive They Would Buy Bitcoin

March 1st, 2021

Twitter Inc. the social media giant has announced $1.25 billion in convertible notes days after MicroStrategy bought over one billion worth of Bitcoin raised from a similar security debt offering. TWITTER, INC. ANNOUNCES $1.25 BILLION CONVERTIBLE NOTES OFFERING$TWTR — *Walter Bloomberg (@DeItaone) March 1, 2021 The announcement has got the rumors mill running especially given…

Ethereum Leveraged Longs Still Bullish, Miner Revenue Tanks 1-Month Low

March 1st, 2021

After tanking all the way to $1300 levels on Sunday, February 28, Ethereum (ETH) has registered a good pull-back to $1450 levels. At press time, Ethereum (ETH) is trading at a price of $1446 with a market cap of $166 billion. As per the recent technical indicators, Ethereum has set itself on the journey to…

Ethereum ready to launch to $2,000 as technical align

March 1st, 2021

Ethereum dropped as far as $1,285 during the weekend session. The support anticipated last week at $1,400 failed to hold, leading to the breakdown. Overhead pressure mounted, mainly with investors panic-selling to cash out for profit. Meanwhile, a recovery is underway, with Ether stepping above $1,400. The price is doddering at $1,440 amid the push…

ETH Fails To Hold Support of $1550 As Crypto Market Struggles to Revive

February 28th, 2021

Ethereum, the second-largest cryptocurrency has experienced a -30% decline off ATH of $2040 that was set on February 20th. The sentiment was very bullish and then quickly turned bearish as ETH shattered many major support zones. In bull markets, -30% declines are normal for continued healthy growth. As of now, ETH is still considered to…

Bitcoin Testing $44K Support, Ethereum Below $1400, On-Chain Metrics Improve

February 28th, 2021

The overall cryptocurrency market continues to stay under pressure and has lost $400 billion over the last week slipping below $1.4 trillion. Slipping another 6% today, Bitcoin is down 20% on the weekly charts and testing up crucial support levels at $44K. At press time, BTC is trading at $44,692 with a market cap of…