After the Ethereum price retest, the bullish momentum may place the price at $289 level in case the Bulls defend the $259 level.
Ubisoft has revealed their interest in the blockchain technology with an official announcement that they could launch several applications on the Ethereum Blockchain causing ETH price surge.
The crypto market has responded positively to apparent demand from venture capitalists and institutional investors. Analysts think that none of the Bitcoin’s previous price rallies had the same optimism.
In case the Bulls breakout at the upper trend line of the wedge, Ethereum price may rally towards $289 level provided the Bulls penetrate $258 level. ETH price may reverse as it has touched the upper trend line of the wedge.
Andrew Keys, the co-founder of ConsenSys, joined DARMA capital crypto investments fund as a managing partner. Together with Keys, DARMA is set to position their accredited investors for a decade long Ethereum bull run.
The ETH is going down slightly Thursday, trading at around $245.01.
Should there be a breakout at the upper trend line of the wedge by the Bulls; Ethereum price may rally towards $289 level provided the $258 level does not hold. If the Bears push the coin and it breaks out at $225, the price may find support at $191.
Football giant Benfica is starting to accept crypto payments. Now you can use Bitcoin, Ethereum or UTK token to buy match tickets and club merchandise.
Constant high momentum from the Bears will push down Ethereum price further and it may reach the demand level of $225 provided there is no much interruption from the Bulls. In case the demand level of $225 holds the price may bounce.
Popular peer-to-peer platform LocalBitcoins reportedly removed the option that enables users to buy or sell cryptocurrencies in person for cash.
Binance had hinted that it would introduce margin trading on its platform for several months but the long-awaited feature is now live with margin trading capabilities available for Bitcoin, XRP, Binance Coin, TRON, and Ethereum.
It seems that the Bulls are gathering momentum to break up Ethereum’s supply zone at $289. Should the Bears further defend the $289 supply level, Ethereum price may continue the sideways movement within the range.
Further increase in the Ethereum price towards $287 level is possible only when the Bulls gain more momentum and the supply level of $275 is penetrated. In case the $275 level holds, the price may decrease towards $258 level.
EOS retains its top spot in China’s crypto rankings list. It is notable that EOS, that attempts to solve the problem of speed, scalability, and flexibility, has been maintaining its top position since June 2018.
Under the approval from FINRA, Grayscale’s Ethereum Trust (ETHE) will be available for retail investors which is a positive sign for the entire industry.