Ethereum has seen a significant increase in price, surpassing the $3,350 resistance zone and even reaching $3,500. This upward movement indicates a potential for further gains in the near future. The cryptocurrency is currently trading above $3,400 and the 100-hourly Simple Moving Average, demonstrating strength and positive momentum. A key bullish trend line has formed
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Aayush Jindal’s journey in the financial markets is nothing short of remarkable. With over 15 years of experience in Forex and cryptocurrency trading, he has established himself as a luminary in the industry. Aayush’s expertise lies in providing technical analysis, offering invaluable insights to investors worldwide. His keen understanding of market dynamics and astute chart
The decision by Coinbase, Ripple, and Andreessen Horowitz (a16z) to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC) highlights a strategic move by these companies to influence policy outcomes favorable to the crypto industry. By targeting GOP power brokers first, the firms are positioning themselves to advocate for
Russia’s Ministry of Finance recently put forward a proposal to allow traditional exchanges to facilitate digital asset trading for specific investors. This move signifies a potential shift in the way digital currencies are handled within the country, opening up new avenues for investors and exchanges alike. The government’s draft response to proposed regulations outlines the
JP Morgan, a renowned American multinational finance company, has recently expressed confidence in the future outlook of Bitcoin prices despite the recent bearish trends in the cryptocurrency market. The bank has outlined a timeline for the conclusion of ongoing Bitcoin liquidations, anticipating a subsequent rebound in the market. According to a research report released by
The recent proposal by South Korean lawmakers to delay the implementation of the crypto gain tax until 2028 has sparked debates and discussions within the crypto industry. The ruling political party put forward the bill on July 12, citing the negative sentiments surrounding virtual assets as the primary reason for the extension. They expressed concerns
Ethereum’s price has witnessed a significant increase above the $3,250 resistance level, signaling a bullish trend in the market. This surge has propelled ETH beyond $3,300 and indicates a potential for further upside movement in the near future. A connecting bullish trend line has been identified with support at $3,270 on the hourly chart of
The recent surge in Bitcoin price has been nothing short of impressive, with the digital currency breaking the $62,000 resistance level. This has led to renewed optimism among investors, who are now eyeing the $63,200 level as the next target. Bitcoin has gained bullish momentum above the $60,500 resistance zone and is currently trading above
The recent price movement of Bitcoin has shown promising signs of recovery, with the price surpassing $58,000 in the past week. A well-known crypto analyst has identified a chart formation that indicates a potential continuation of this upward trend for the leading cryptocurrency. In a fresh analysis posted on a popular crypto platform, the analyst
One of the key indicators being closely watched by Chief Crypto Analyst Jamie Coutts is Bitcoin’s hash rate decline. Coutts suggested that a reversal in the bearish trend might be on the horizon as the hash rate decline is slowing down. This is a positive sign as it could precede a bottom and a reversal
