Trading ETH/USD (Ethereum) :
Technical market outlook :
Ethereum rallied from the area of $ 1,343 to close at $ 1,419. Ethereum ended this morning at $ 1,431.
Ethereum is trading around the spot of $ 1,419 a day ago. Today, the price of $ 1,419 represents a daily support in the H1 time frame.
Finding support at the first major support price at $ 1,343 , Ethereum struck a late morning high $ 1,431.
If the pair closes above the daily support of $ 1,343, Ethereum may resume it movement to $ 1,478 to test double top at the same time frame.
A bullish start to the day saw Ethereum rally from an early morning bottom $ 1,375 to a top $ 1,433.
Ethereum will be continued to trade upwards from the level of $ 1,419. The pair will be probably rice from the level of $ 1,419 to the top around $ 1,433.
Note : this price of $ 1,419 coincides with first minor support, - 78% of Fibonacci retracement levels).
From this point, we expect the Ethereum to continue moving in the bullish trend from the support level of $ 1,419 towards the target level of $ 1,433.
If the pair succeeds in passing through the level of $ 1,433, the market will indicate the bullish opportunity above the level of $ 1,433 in order to reach the second target at $ 1,500.
Our targets : $ 1,500 and $ 1,530 in the coming hours.
Technical support is expected around : $ 1,419, $ 1,375, $ 1,343 and $ 1,311.
Technical resistance is expected around : $ 1,1478, $ 1,500 and $ 1,530.
Indicatores :
RSI (34) sees major ascending supprt line acting as resistance to push price up from the rgion of $ 1,343 and $ 1,311.
Signals :
Buy at the price of $ 1,1419 with the objectives of $ 1,478, $ 1,1500 and then $ 1,530.
Stop loss should be placed below the major support of $ 1,311.
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Crypto industry news (Ethereum News - (Source : cryptonews - coindesk))
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1) ETH Prices Barely Budge Despite Ethereum Foundation's Reddit Deal.
2) Ethereum Needs To Clean Its Value Proposition - Coinbase.
While most institutional clients bought bitcoin in 2020, said Coinbase, "a growing number" of them also took a position in ETH. The case for owning Ethereum the exchanges' clients give most often is a combination of:
** Its evolving potential as a store of value, and its status as a digital commodity that is required to power transactions on its network.
3) Grayscale Ethereum Trust Reopens, Bitcoin Fund 'Over 99% Invested'.
Regulated financial institution for digital assets Nexo has launched its in-app Nexo Exchange. According to the press release, the new exchange allows no-limits conversion between more than 75 crypto and fiat currency pairs directly within the Nexo mobile application. It comes with the 'Smart Routing' system, an in-house innovation, which simultaneously connects to multiple exchanges and splits orders depending on price per volume to provide a fixed quote at order submission to prevent price fluctuations.
Digiassets Exchange (SDAX), an institutional-grade digital asset trading platform, said it has received an Approval-in-Principle from the Monetary Authority of Singapore to operate a digital asset exchange. The company said it "will serve a global market offering digitised debt, equity and hybrid instruments with high-quality real estate as the underlying asset class."
Kraken has announced today that it will run its own Chainlink (LINK) node in order to make Kraken's spot prices available to decentralized finance (DeFi) applications and developers on Ethereum (ETH) and other major blockchains.
遲早都會發生這件事。在比特幣勇敢地嘗試突破12萬美元之後,價格下跌至接近11萬5千美元。
比特幣暴跌,考驗115,000的標準,而以太坊則沒有面臨此類問題。 顯然,比特幣的急劇下跌不過是大市場參與者的獲利回吐。
比特幣持續在116,500至120,000的區間波動,展現出穩定的波動性。然而,以太坊的表現則明顯較差,這是受到近期現貨ETF流入下降的影響。
最近幾週,Ethereum 表現出爆炸式增長,但仍未超過其歷史最高值。顯然,隨著新資金流入市場,Ethereum 正面臨需求的激增。
比特幣再次突破119,000美元,短暫超過了120,000美元大關,但隨後回撤至約118,500美元。這顯示出回到接近123,000美元的歷史高位面臨相當大的困難。
加密貨幣市場正顯示出進入新一輪山寨幣季節的強烈跡象——這是一段山寨幣加速增長的時期。七月中旬,DOGE/USD 匹配回到了中期牛市區,同時仍然處於長期和全球看漲趨勢中。
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