Ethereum Will ‘Mega Moon’ Against Bitcoin, Predicts Trader – CCN.com

Ethereum continues to languish against bitcoin. Here’s what it needs to break the downward spiral. | Source: Shutterstock To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair. $ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W — Suprematic Wassie (ex_hermit) (@GothBtcSinner) September 10, 2019 Nevertheless, big accounts in the…

Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%

ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar. The price is likely to decline if bitcoin continues to struggle below the $10,250 level. There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken). The price remains at a risk of more downsides as long as the price is below $185. Ethereum price is struggling to gain strength above $185 versus the US Dollar since bitcoin is declining. ETH price…

Gemini Launches Custody Product With 18 Cryptos Including Ethereum Tokens

The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday. Through the Gemini Trust Company, a regulated custodian overseen by the New York Department of Financial Services (NYDFS), the Winklevoss-backed exchange now offers “Gemini Custody,” a platform which would enable clients to trade assets instantly by offering them credits. Previously, clients would have to wait more than a day to access and trade assets. Gemini customers will be able to trade assets held offline without waiting to access them using the new system. According to…

Ethereum Price Weekly Forecast: ETH Signaling Bullish Reversal

ETH price is finding a strong buying interest near the $165 level against the US Dollar. The price is currently climbing higher and testing a major resistance area near $180 and $182. There was a break above a major bearish trend line with resistance near $176 on the 4-hours chart of ETH/USD (data feed via Kraken). There are a few bullish signs emerging, suggesting an upside break above the $182 resistance. Ethereum price is showing positive signs against the US Dollar, while bitcoin is rising. ETH might surge once it…

Ethereum Price Weekly Forecast: ETH Remain Sell Until This Changes

ETH price declined heavily and broke the key $185 and $180 supports against the US Dollar. The price is currently correcting higher and is trading near the $172 and $175 resistances. There is a major bearish trend line forming with resistance near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). There could be a short term upside correction, but upsides are likely to be capped near $180. Ethereum price is trading in a bearish zone against the US Dollar and bitcoin. ETH might correct higher in the…

Ethereum Price (ETH) Testing Crucial Support But Recovery Won’t Be Easy

ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar. The price is likely to decline sharply if it settles below the $165 support area in the near term. There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery if the bulls manage to push the price above the $175 resistance. Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin.…

Ethereum Muscles Bitcoin Out of Tether Racket – CCN Markets

The Ethereum issuance of Tether (USDT) is quickly becoming the most utilized version of the stablecoin – and pushing Bitcoin and Omni out of the game. | Source: Shutterstock Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in January 2018, it has slowly gone on to become the most utilized version of the USDT token (of the four in existence). Data from Coinmetrics.io shows the gradual takeover of Tether transactions by the Ethereum…

Ethereum Price Weekly Forecast: ETH Trading Near Crucial Juncture

ETH price remained in a bearish zone and even tested the $180 support area against the US Dollar. The price is currently correcting higher, but it is facing hurdles near $192 and $195. There is a significant bearish trend line forming with resistance near $192 on the 4-hours chart of ETH/USD (data feed via Kraken). An upside break above $192 and $195 might trigger a solid recovery in the near term. Ethereum price is currently facing a strong resistance against the US Dollar and bitcoin. ETH remains at a risk…

Bakkt Is Good For Bitcoin And Ethereum Too – Market Hasn’t Priced That In Yet

Bakkt’s bitcoin futures and custody platform launch on 23 September is a shot in the arm for crypto, but in addition to boosting bitcoin it could also raise the profile of Ethereum. The long-awaited physically settled futures should qualitatively shift market composition toward greater institutional influence. A crypto trading and payments ecosystem, Bakkt is a subsidiary of Intercontinental Exchange, the owner of the New York Stock Exchange. Bakkt hopes to quicken the pace of institutional bitcoin adoption. Its custody pitch for best of class offering comes in its securing of…

Ethereum Price Weekly Forecast: ETH Could Climb Above $200

ETH price declined heavily below the key $200 and $190 support levels against the US Dollar. The price is currently consolidating losses after trading as low as $174. There is a crucial bearish trend line forming with resistance near $195 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a strong upward move once it breaks the $195 and $200 resistance levels. Ethereum price is currently consolidating losses against the US Dollar and bitcoin. ETH price could either climb above $195 and $200 or it…