Australian bitcoin exchanges announce Ethereum support

Two of Australia’s leading bitcoin exchanges, CoinTree and CoinLoft, have announced this week new services allowing users to purchase a variety of altcoins including ether, the cryptocurrency that powers the Ethereum network. Alongside their established services which have primarily focused on making bitcoin accessible to the general public, they have now streamlined the process of acquiring ether. As of Monday 13th of June, CoinTree users will be able to swap bitcoin for a variety of popular altcoins including ether, litecoin and DAO tokens; and CoinLoft users making deposits will now have the option of purchasing ether or bitcoin. ‘Ethereum is an exciting project with great potential in the area of smart contracts. ETH has been getting a lot of attention in...

Opinion: Ethereum Price Virtually Unchanged Despite Bitcoin Bull Rush

Opinion: Ethereum Price Virtually Unchanged Despite Bitcoin Bull Rush

Now that the Bitcoin price has been on the rise again, the discussion ultimately turns to how Ethereum is doing. Albeit Ethereum has been losing some of its value compared to the Bitcoin trading price, the Ethereum price in USD remains virtually unaffected. Trading in the world of cryptocurrency is an exciting experience, as there are so many things taking place at once. Now that the Bitcoin price is rocketing over the past few days, there is usually a significant impact on the value of all alternative cryptocurrencies. Traders are keeping a very close eye on the Ethereum price as Bitcoin is going up in value, but so far, the impact seems to be minimal. Ethereum Price is Not Dropping Per Se Depending on how one wants to look at the charts, the Ethereum price is...

Ethereum Price Technical Analysis – Perfect Sell & Consolidation

Ethereum Price Technical Analysis – Perfect Sell & Consolidation

Key Highlights Ethereum price moved down as forecasted against the US Dollar and all targets of the sell trade were achieved. Yesterday’s I highlighted that the price may spike down close to the $8.10-00 support area, which happened recently. The highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD played its part well in pushing the price down. Ethereum price hit the final sell target of $8.00. Moving ahead, it is wise to wait for the next move as there may be a minor consolidation underway. Ethereum Price May Range Trade? Ethereum price ETH moved just as forecasted in my yesterday’s post in which I stated that there is a chance of the price moving down close to the $8.00 level. There was a downside thrust, and ETH/USD formed a...

Ethereum Price Technical Analysis – Downside Thrust Likely

Ethereum Price Technical Analysis – Downside Thrust Likely

Key Highlights Ethereum price created a new weekly low as forecasted in my yesterday’s technical analysis post. The highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a barrier for the bulls and pushed the price down. It looks like the price may spike down one more time to test the $8.10-00 support area where the bulls may take a stand. Ethereum price moved down as forecasted to create a new low. It looks like one more push down is possible as long as the trend line resistance holds. Ethereum Price – Test of $8.10? Ethereum price ETH continued to struggle and my view of it moving down further paid well. I think it’s time to book profits if you are trading conservative. For aggressive traders, I suggest to move...

Ethereum Price Technical Analysis – Shows Signs of Further Upsides

Ethereum Price Technical Analysis – Shows Signs of Further Upsides

Key Highlights Ethereum price climbed higher against the US Dollar recently and even managed to close above the $9.00 level. ETH/USD is currently trading near a bearish trend line formed on the hourly chart (data feed via Kraken), which may act as a catalyst for the next move. Looking at the technical indicators, there is a chance of ETH gaining traction in the short term. Ethereum price traded with a bullish bias recently. If we consider the current price action, then ETH/USD may move higher in the near term. Ethereum Price – Trend Line Break and Buy? Ethereum price ETH showed once again that it’s not out of woods yet. There was a minor upside reaction during the past couple of sessions, as ETH/USD traded as high as $10.00 where it found offers. The price moved...