Ethereum (ETH) Bulls Slow Down, Ceiling At $230

Ethereum (ETH) is down 18.2 percent Set Labs launching an ETH trading robot As a reputable smart contracting platform striving to improve, it’s token, ETH, is technically bullish. Regardless, with dropping BTC prices exacerbated by their direct correlation, the former could drag ETH prices lower. Even so, that is not stopping Set Labs from launching a trading bot. Ethereum Price Analysis Fundamentals Blockchain is an emerging, multifaceted sub-sector. As a conflation of different fields, it is both inspiring and exciting meaning related startups will almost always attract capital. Of the…

Ethereum (ETH) Adds 5% But Are Whales Manipulating Prices?

Ethereum (ETH) price is up 5.1 percent Institutions driving demand for Grayscale Investment’s Large Cap Fund According to Grayscale Investments, institutional demand for cryptocurrencies, including ETH is high. Last quarter, their Large Cap Fund rose 178.8 percent. Currently, ETH is stable but vulnerable in a bear breakout pattern. Ethereum Price Analysis Fundamentals Cryptocurrency “detectives” report that this week’s Bitcoin’s drop below the $10,000 round number was because of whales’ rapid accumulation of Ethereum (ETH). As per observers, a single 15,000 ETH buy order did cause a demand shock with the…

Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

ETH price started an upside correction and traded above the $210 resistance against the US Dollar. The price gained traction above the $220 level and even traded close to the $230 level. This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating below the $230 resistance, with support near $212. Ethereum price is trading with a positive bias above $210 versus the US Dollar, whereas bitcoin jumped 10%. ETH price could dip…

Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance

ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar. The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225. There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels. Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. ETH price might…

Ethereum (ETH) in Free Fall, Down 34% Following Bitcoin Cash Idea

Ethereum (ETH) slides 34 percent as bears step up Bitcoin Cash may be used to temporarily solve Ethereum’s scalability problems Vitalik has an audacious plan of integrating Ethereum with Bitcoin Cash before ETH 2.0 full activation. However, there is resistance from some quarters with a majority against his idea. In the meantime, bears are in full throttle as ETH slumps 34 percent from last week’s close. Ethereum Price Analysis Fundamentals Regardless of how Ethereum supporters try to scrutinize the platform’s performance, everything will boil down to scalability. Striking a perfect…

Ethereum Price (ETH) Dives Below $200 & BTC Down 15%

ETH price declined heavily and broke the $220 and $210 support levels against the US Dollar. The price is down around 15% and it even broke the $200 support area to move into a bearish zone. There is a key bearish trend line forming with resistance near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to slide further below the $192 and $190 support levels in the near term. Ethereum price is declining heavily and is already down more than 15% versus the…

Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery

ETH price traded as low as $212 and recently corrected higher against the US Dollar. The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone. There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its slide if it struggles to clear the $240 resistance area in the near term. Ethereum price is slowly recovering versus the US Dollar, along with bitcoin. ETH price is likely to…

Buterin Proposes Bitcoin Cash Integration to Scale Ethereum in Short Term

Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research. As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500.  As such, the Ethereum community has been working on Ethereum 2.0,…

Ripple Price (XRP) Holding Ground While Ethereum & Bitcoin Takes Hit

Ripple price broke the key $0.3200 support level to extend losses against the US dollar. The price even spiked below the $0.3000 support area and traded to a new monthly low at $0.2955. There is a major bearish trend line forming with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct higher, but it is likely to face sellers near $0.3150 and $0.3200. Ripple price remained in a bearish zone against the US Dollar, but recovered vs bitcoin. XRP price…

Ethereum Price Dives 20%: ETH/BTC Breakdown The Main Driver

ETH price declined heavily below key supports against the US Dollar and bitcoin. The price broke the key $260, $230 and $222 support levels to register 20% losses. There was a break below a short term declining channel with support near $227 on the hourly chart of ETH/USD (data feed via Kraken). The pair is heading towards the $200 support area, where the bulls may take a stand. Ethereum price fell significantly below $250 and 0.0250 versus the US Dollar and bitcoin respectively. ETH price remains at a risk of…