Ethereum Bears Keep Pushing, Why ETH Could Face Hurdles Near $1,500

Ethereum extended its decline towards the $1,300 zone against the US Dollar. ETH price is now recovering, but it could face a strong resistance near $1,480 and $1,500. Ethereum started a fresh recovery after tagging the $1,300 support zone. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could face a strong resistance near $1,480 and $1,500 in the near term.…

Ethereum Gains Bearish Momentum, Why ETH Could Test $1,280

Ethereum extended its decline below $1,450 against the US Dollar. ETH price is gaining bearish momentum and it could even test the $1,280 support. ETH price remained in a bearish zone below the $1,650 and $1,700 resistance levels against the US Dollar. The price is trading well below $1,500 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance at $1,500 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower towards the $1,280 support as…

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

Ethereum traded to a new all-time high near $2,040 before correcting lower against the US Dollar. ETH price is trading nicely above $1,850 and it is likely to continue towards $2,000. ETH price climbed higher steadily and it surpassed the main $2,000 resistance against the US Dollar. The price is trading nicely above the $1,850 level and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,860 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to…

Elon Musk says BTC, ETH prices “high” while dunking on Peter Schiff

While his electric car company announced a Bitcoin purchase weeks ago, Elon Musk finally became a true Bitcoiner last night by engaging in a time-honored cryptoTwitter pastime: dunking on Peter Schiff.  Yesterday morning Schiff, the noted gold bug and Bitcoin skeptic, posted a Tweet thread in which he criticized Elon Musk’s comment that Bitcoin is a flawed currency, though still better than fiat alternatives: According to @elonmusk “Bitcoin is almost as BS as fiat money.” So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin,…