Ethereum (ETH) Consolidates in Preparation for a Possible Breakout

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bearish
Today, Ethereum is consolidating between levels of $100 and $140 after the last bearish impulse. The bulls pulled back price but could not push ETH above $140. Ether lacks buying at a higher price level. Meanwhile, the bulls defended the support at $100. At the low of $100, Ether has fallen to the oversold region of the market.

It is presumed that selling pressure has ended. In the meantime, the market is fluctuating between $100 and $140. The bulls and bears are being resisted at these price levels. Eventually, if the support cracks the coin will fall to the low of $87. On the upside, a break above $140 will propel the price to reach a high of $160.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum was previously in the oversold region but it is above 20% range of the daily stochastic. Buyers are supposed to emerge as the coin was in the oversold region. The selling pressure ought to subside as the coin is in the oversold region.

ETH/USD Medium-term Trend: Bearish
On the 4 hour chart, the coin is in a descending channel. At the high of $280, the bulls were resisted as the market continue its downward move. The price fell to a low of $100 to resume a range-bound movement.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping southward indicating that the coin is in a bear market. The Relative Strength index period 14 is level 28 indicates that the coin is in the oversold region of the market. It is also below the centerline 50.

General Outlook for ETH
Ethereum is at the bottom of the chart. The price fell to a low of $100 and it is fluctuating between $100 and $140. Ethereum is oversold suggesting bulls to take control of price. Traders are expected to out to buy setups to initiate long trades.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $112
Stop: $60
Target: $240

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Ethereum (ETH) Fails to Hold above $240, Encounters Further Selling

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
Ethereum’s recent fall was caused by the bulls’ inability to sustain above $240 price level. Since on February 25, the market has been fluctuating above $220 before its upward move to the high of $246. As the price breaks above $240, it was expected of the coin to revisit the previous high above $286.

The bulls could not sustain the upward move and they were repelled. The price dropped from a high of $252 to $199. There is possibly of another downward move of the coin. Ethereum may further depreciation to the low of $180 or $197 if the selling pressure continues.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum is now in bearish momentum. The previous bullish momentum was interrupted because the bulls failed to push the price upward. Currently, the market is below 25% range of the stochastic. The market is now in a bearish momentum approaching the oversold region.

ETH/USD Medium-term Trend: Ranging
On the 4 hour chart, the coin has been in a sideways trend. The sideways trend is ongoing as ETH makes a downward move. The third attempt was unsuccessful as price fell to the low of $210 but move up to make a retest at $250. The retest at $250 catapults the coin to further depreciation. Ether has reached a low of $190’.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. The Relative Strength index period 14 is level 31 indicates that the coin is approaching the oversold region of the coin. It is also below the centerline 50.

General Outlook for ETH
Ethereum is bound is still under bear control. It was assumed that Ether will fall but will rebound at a low of $197. Nevertheless, if the price fails to rebound but drops below $180, it will portend negatively for the coin. Besides, since the low at $200 is broken, the price is likely to fall to the $180 low

ETH Trade Signal
Instrument: ETHUSD
Order: Sell
Entry price: $194
Stop: $200
Target: $180

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Ethereum (ETH) Attempts to Jump Over $238, Failure Will Attract Further Selling

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
Ethereum at present is consolidating above the $220 price level. Ether has been stable soon after the last bearish move to the current support. The question is, are we expecting more downward move? Honestly not likely. The current support may likely hold because Ether is now in the oversold region of the market.

When a coin is in the oversold, the selling pressure will gradually be exhausted. There will no downward movement of price. The most important aspect of the oversold condition is that buyers are expected to emerge to push the coin upward. In the meantime, ETH is currently above the support of the 26-day SMA.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum has fallen below a 20% range of the daily stochastic. In the oversold region, the market is said to be in a strong bearish momentum. In this region, buyers are expected to take control of price as Ether resumes an upward move.

ETH/USD Medium-term Trend: Ranging
On the 4 hour chart, the coin has been in a sideways trend. The bulls have been contesting to break the overhead resistance at $290 but to no avail. On each attempt, the bulls were repelled. On the recent move, the bulls were resisted at a $280 price level. The market fell to a low of $210 but consolidated above $220.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. The Relative Strength index period 14 is level 49 indicates that the price is still in the downtrend zone. It is also below the centerline 50.

General Outlook for ETH
Unquestionably, Ethereum will resume its upward move if buyers image at the oversold region. The first step to this upward move is to break the minor resistance at $238. The bulls will retest the overhead resistance at $286 once the initial hurdle is crossed.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $288
Stop: $200
Target: $320

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Ethereum (ETH) Holds Critical Support, Battles the Resistance at $286

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
In its recent moves, Ethereum reached a high of $286 on February 13. The bulls were unable to break the recent high as they make a retest. Ether was repelled on the second unsuccessful attempt. On each occasion, the bulls were resisted and the price fell to a low of either $238 or $250. The bulls are unrelenting as they make the third attempt.

Meanwhile, ETH is now fluctuating between $238 and $286 since February 13. At the moment, ETH is falling, if the $238 support is breached, ETH will fall to $200 low. Similarly, on the upside, if the bulls break the current resistance at $286, Ether will rise to $325.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum is currently trading at level 63 of the daily Relative Strength Index. This indicates that ETH is in the uptrend zone. There is the likelihood of the coin to rise. The price is above the 21-day SMA and 50-day SMA indicating that the coin will rise.

ETH/USD Medium-term bias: Ranging
On the 4 hour chart, the uptrend has turned to a sideways trend. The bulls are faced with the resistance at $286. On the chart, the bulls have tested the resistance on two occasions without breaking it. However, on each occasion, the price will fall to the support of $250.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. Ether is below 80% range of the daily stochastic indicating that the coin is in a bullish trend. Meanwhile, the stochastic bands are making a U-turn indicating that the coin will soon be in a bullish trend.

General Outlook for ETH
Undoubtedly, Ethereum will resume its upward move if the current resistance is breached. Despite the current price falls, the bulls are at an advantage over the bears. Ether will overcome the current resistance if more buyers are introduced  at a higher price level,

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $270
Stop: $200
Target: $320

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TRX News: Reasons Tron (TRX) Continues to Decline in Ratings Regardless of Advanced Partnership

Updated:

Tron TRX Coin News

Tron (TRX), which has fallen by over 10% over the most recent 24 hours, keeps on declining in rating. The coin, which as of late was in the best ten, tumbled to the fifteenth spot. Ongoing outcomes have been acquired regardless of the proceeded endeavors of Justin Sun to propel the ecosystem. Sun’s latest partnership is with Limit. Through this merger, Weiss Crypto Ratings welcomed him as a strategic thinker. Here we have the latest TRX news.

In a bid to prevail at Tron, it drove the project’s native TRX token to develop for the time being. After the news halted, the digital asset moved back from its high. This implies even though the “digital asset” functions admirably in “bullish cases”, it’s as yet hard for it to ascend in the rating because of the nonappearance of coherence.

On the contrary, the growth of Tezos and Chainlink has been steady.

For a little while at the consolidation, the two digital assets have effectively shown development in market capitalization, and now they are past Tron. As for Tezos, the coin outperformed the most famous coins, for example, Stellar, Cardano, and Monero, to ascend in the best ten. Chainlink, then again, is in twelfth spot, while Cardano came past it.

trx news

TRX, on the off-chance it’s not cautious, can be contained by the growth of more competitive coins. Just like Ethereum Classic, IOTA and NEM, which were once high-rated coins but had ratings above 20, Tron may follow the same scenario.

Sun’s Partnership Results Unyielding

One of the principal reasons Justin Sun’s partnerships are quickly shutting is that none of them have yet paid off. While the CEO keeps on extending the ecosystem, however despite the past partnerships, none of them paid off. Without a long-term plan, ventures bought or associations amount to nothing. They just make extortion, which thus brings transient advantages.
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A project that has seen longer-term strategic partnerships is Ripple.

The project is searching for comparative ventures and partnerships that give acknowledgment and incentive to XRP. Much of the time, XRP doesn’t make any transient changes. Nevertheless, there is the certainty that it might prove to be the best over the long run.

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Blockchain Technology Adopted on Samsung’s Latest Ideal Smartphones

Updated:

Samsung, a South Korean innovation giant, as of late revealed the most recent line of Galaxy S20 telephones, which, in addition to other things, incorporates an improved security framework that ensures the blockchain’s private key.

The addition of blockchain security in its latest ideal devices affirms Samsung’s continued adoption of digital and blockchain innovation.

Samsung recently presented the Galaxy S20 line of telephones on its site, including the Galaxy S20, S20 + and S20 Ultra. While the site was advancing features, for example, longer battery life, more memory, and an improved camera, there was likewise the part about ensuring crypto keys.

The website declared the following: “We have created a secure processor designed to protect your PIN code, password, template, and Blockchain Private Key. Combined with the Knox platform, security is embedded in all parts of your phone, from hardware to software. Thus, personal data remains private. ”

The joining of blockchain innovation and cryptographic money into their telephones isn’t new for Samsung, as the organization has built up itself as a supporter of blockchain innovation and virtual money. At first, Blockchain Keystore just upheld Ethereum and ERC-20 tokens yet a short time later coordinated bitcoins in the Galaxy S10 and Galaxy Note 10 models.

Besides, Samsung’s IT department Samsung SDS, in partnership with telecommunications service company Syniverse, has released a blockchain-based platform that will make mobile payments convenient and seamless.

Smartphones Integrated With Blockchain Increases Rapidly
In addition to Samsung, other mobile phone manufacturers took up the blockchain and crypto space, creating blockchain-based mobile phones.

Taiwanese hardware giant HTC in July 2018 reported its expectation to discharge its blockchain cell phones called HTC Exodus. The organization later collaborated with Bitcoin.com to incorporate Bitcoin Cash (BCH) into Exodus 1.

By November 2019, HTC and Binance exchange collaborated to discharge a restricted version of their Exodus 1, which bolsters the Binance Chain and Binance DEX blockchain. PundiX additionally propelled XPhone in 2019, Africa’s first blockchain handset.

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Ethereum (ETH) Uptrend May Continue Despite Recent Retracement

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
In its bullish run, Ethereum reached a high of $290 on February 14. Before this time, the bulls have to battle with knotty price level at the resistance at $175, $225 and the current resistance at $290. At the moment, Ether is in a downward move after testing the overhead resistance.

The coin fell to the low of $240 and it is fluctuating above the current support. On the upside, if the $240 support holds, the bulls will retest the $290 resistance or rally above $320 price level. Meanwhile, the bearish candlesticks are facing price rejection above the $240 support level.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Since on January 30, Ether has been trading in the overbought region of the daily stochastic. The coin was in a strong bullish momentum as it rises to a high of $290. Now the stochastic bands are making U-turn pointing below the 80% range. This indicates that ETH is in bearish momentum. The 21-day SMA and 50-day SMA are still pointing upward.

ETH/USD Medium-term bias: Bullish
On the 4 hour chart, Ethereum traded and reached a high of $290. ETH fell to the support of 50-day SMA and pulled back. The selling pressure has been temporarily exhausted as the market moves up.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The price fell to the support of the trend line and rebounded. The Relative Strength Index period 14 is level 47. ETH is still below the centerline 50 which indicates that the coin is in the downtrend zone.

General Outlook for ETH
Ethereum has resumed its upward as the coin rebound above the trend line. We expect the bulls to break the current resistance and continue the upward move. However, if the bulls turn around break the bullish trend, selling pressure will resume. Then ETH will drop to the low $220.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $260
Stop: $200
Target: $325

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Ethereum (ETH) Makes Upward Move, Faces Rejection at $230

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
Yesterday, Ethereum was in an uptrend and it reached a high of $230. Immediately, the bulls were resisted and the price fell to the low of $216. Incidentally, if the bulls succeeded in breaking above the $230 resistance and the price is sustained, Ether would have been out of the downtrend zone. Meanwhile, the ETH has retraced to the support of $223.

On the upside, if the support at $223 holds, the coin will retests the $230 resistance. If successful and the momentum is sustained, ETH will resume its uptrend. On the downside, if the current support fails to hold, Ethereum may fall to the next support at $197. However, if the selling pressure persists the market will reach a low of $190.

ETH/USD - Daily Chart

Daily Chart Indicators Reading:
The Relative Strength Index (RSI) period 14 levels 83 indicates that Ethereum is in the overbought region. The RSI indicates that the coin is likely to fall. Ether is seriously overbought. The initial fall may not have been exhausted.

ETH/USD Medium-term bias: Bullish
On the 4 hour chart, Ethereum is in an uptrend. It reaches a high of $230. Later it fell to the low of $216 and pullback. The price is trading at $223 at the time of writing.

ETH/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Ethereum is presently trading above 80% range of the daily stochastic. The stochastic bands are making U-turn pointing downward. The implication is that ETH is in the overbought region of the market. The upward move of the coin is doubtful as the coin is overbought. Ether is likely to fall because of the presence of sellers. In this region, buyers are longer effective.

General Outlook for ETH
Ethereum is showing strength in uptrend. The bulls are making frantic efforts to break the next major resistance at $235. Presently the coin has retraced to the support of $223. The market is fluctuating above the current support.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $223
Stop: $190
Target: $235

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ConsenSys Acquires Broker-Dealer Company to Help Tokenize Bonds

Updated:

ConsenSys, a prominent blockchain-based company founded by the co-founder of Ethereum Joseph Lubin, has successfully acquired a US-based broker-dealer company, Heritage Financial Systems.

Heritage, a broker-dealer listed with the US SEC was acquired by ConsenSys’ broker-dealer subsidiary, ConsenSys Digital Securities. The information was publicized by ConsenSys’ financial subsidiary Codefi on the 4th of February.

New Acquisition to Strengthen ConsenSys’ Capacities
ConsenSys acquired Heritage to serve as reinforcement for its advisory and broker-dealer capacities which will help the blockchain giant in implementing blockchain technology in the issuance of tokenized bond offerings in the market.

Precisely, ConsenSys plans on applying blockchain technology to the process of deploying automatic bond payments through smart contracts as well as granting bond issuers the ability to track debts. Also, ConsenSys plans on developing tokenized mini-muni bonds through its Codefi subsidiary to give issuers the alternative of selling securities in lesser denominations.

ConsenSys Devoted to Expanding Its STO Expertise
ConsenSys Digital Securities, the broker-dealer subsidiary of the blockchain giant, was established in 2018. This entity helps develop services for issuers looking to release Security Token Offerings or tokens substantiated by real assets like bonds or REITs.

In March last year, ConsenSys Digital Securities collaborated with a prominent US-based STO-oriented enterprise, Satis Group. ConsenSys reported that both enterprises had more than $100 million in joint issuance experience. The collaboration highlighted ConsenSys’ devotion to unearthing the potentials of tokenized assets.

Based on records, STOs have witnessed increasing levels of adoption of recent, giving it a competing edge over Initial Public Offering. STOs and IPOs are methods used by businesses or start-ups to raise capital by making its shares or equity available for purchase to the public.

More and more businesses in the cryptocurrency sector have begun adopting STOs. Just tZERO recently declared its intention to launch a cryptocurrency broker-dealer service before the year runs out.

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Ethereum (ETH) in an Uptrend Move, Battles the Resistance at $197

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125,$100

ETH/USD Long-term Trend: Bullish

Today, Ethereum made a bullish run and the coin reached a high of $197. Before this time, the bulls have successfully broken the resistance levels of $173 and $186 but are yet to break the resistance at $197. It was presumed that if the bulls break the resistance at $197, the coin will rally above $220.
Nonetheless, the pair is falling after testing the resistance at $197. The downward move may continue to the low of either $186 or $180 and then the coin will rebound.

ETH/USD - Daily Chart

Daily Chart Indicators Reading:
As the coin was rising, Ether is trading in the overbought region of the daily stochastic. In the overbought region, Ether’s upward move will be hindered as buyers will not be on hand to push ETH upward. In the overbought region, sellers will emerge to push the coin  downward. At the moment, Ethereum is falling as a result of the overbought market condition.

ETH/USD Medium-term bias: Bullish
On the 4 hour chart, Ethereum is in an uptrend. A trend line is drawn showing the support level of price. Each time the market tests the trend line, the coin will bounce to the previous highs. On January 24, the last testing of the trend line resulted in a high of $197. The market is retracing after testing the resistance at $197.

ETH./USD - 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are trending upward indicating the uptrend. The 21-day SMA provides support for Ethereum. The Relative Strength Index (RSI) period 14 level 61 indicates that ETH is in the uptrend zone.

General Outlook for ETH
Ethereum has made a serious positive move in the last two weeks. The coin has one resistance to overcome before rallying above the $200 price level. The coin is currently falling after being resisted at $197 price level. The upward movement will resume as soon as the price finds support at the $186 or $173.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $190
Stop: $170
Target: $220

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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