Ethereum Price Technical Analysis – ETH/USD Persistent Range

Ethereum Price Technical Analysis – ETH/USD Persistent Range

Key Highlights ETH price remained lifeless and was seen trading in a range above $12.50 against the US Dollar. There is a clear bearish trend line with resistance near $12.75-12.80 formed on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, the pair remains supported near $12.40, which is the range lower end. Ethereum price was seen trading in a range with resistance at $12.80 against the US Dollar. Let’s see what’s stopping the ETH/USD pair. Ethereum Price Range During the past two days, there was almost no action in ETH price against the US Dollar. The price was seen trading in a range with resistance near $12.75 and $12.80. After trading as high as $13.24, the price started a correction, and traded towards $12.40. The price found support,...

Ethereum Price Weekly Analysis – ETH/USD Eyeing Support

Ethereum Price Weekly Analysis – ETH/USD Eyeing Support

Key Highlights ETH price was seen gaining pace this past week and traded towards the $13.20 level against the US Dollar. There are two bullish trend lines formed on the daily chart (data feed via SimpleFX) of ETH/USD, which may act as a support on the downside near $12.00. On the upside, the $13.20 high is a resistance area just above the $13.00 handle. Ethereum price remains in an uptrend against the US Dollar, and at the moment it looks like the ETH/USD pair is eyeing test of the $12.00 support. Ethereum Price Trend Line Support This past week, we there was a rise towards $13.20 in Ethereum price against the US Dollar. Later, the price found sellers and started consolidating gains below $13.00. The price at the moment is trading in a range, and may trade lower...

Ethereum Price Technical Analysis – Can ETH/USD Break This?

Ethereum Price Technical Analysis – Can ETH/USD Break This?

Key Highlights ETH price is still below the $12.70-80 resistance area against the US Dollar. There is a bearish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX) with resistance at present at $12.70. On the downside, the $12.40 looks like a decent support, acting as a barrier for more declines. Ethereum price is struggling to clear the $12.70-80 resistance against the US Dollar. Let’s see if ETH/USD can break it or not? Ethereum Price Resistance Yesterday, we saw a contracting triangle pattern with support at $12.50 in ETH price against the US Dollar. The stated support area still holds, but it looks like the price is struggling to clear the $12.70-80 resistance area. On the downside, the 38.2% Fib retracement level of the last wave from...

Ethereum Price Technical Analysis – ETH/USD Consolidation Initiated

Ethereum Price Technical Analysis – ETH/USD Consolidation Initiated

Key Highlights ETH price after finding resistance near $13.22 against the US Dollar started a consolidation phase. It looks like a contracting triangle pattern is formed on the hourly chart of ETH/USD (data feed via SimpleFX) with support at $12.50. The pair might test the $12.50-40 support area before making an attempt to move higher once again. Ethereum price upside move stalled near $13.20 against the US Dollar, and the ETH/USD pair is now consolidating and preparing for the next move. Ethereum Price Breakout Pattern Yesterday’s upside move in ETH price came to a halt near $3.20 against the US Dollar. The price later started correcting lower and settled below the $13.00 level. There was already a break below the 23.6% Fib retracement level of the last wave...

OKCoin to Test the Trading Fee Rebate Feature Soon

OKCoin to Test the Trading Fee Rebate Feature Soon

One of the leading cryptocurrency exchanges in China, OKCoin has planned to introduce trading fee rebates The Chinese cryptocurrency sector is currently undergoing a major overhaul. The Bitcoin exchanges and trading platforms operating in the region are forced to make a lot of changes to their offering following instructions from the country’s central bank — People’s Bank of China. But these changes has also meant extra compliance costs and loss of main revenue streams. The cryptocurrency platforms have stopped offering margin and leveraged trade options following strict instructions from PBOC. At the same time, they have been urged to strengthen their AML and KYC process to prevent people from skirting strict capital controls imposed by the Chinese...