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#Ethereum Price Analysis

Ethereum Price Analysis: Will ETH rise or fall?

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Ethereum price support levels lie around $115, $112 and $110. If these support levels are broken, the price can further fall downwards up to $100.

Support Levels: $115, $112, $110
Resistance Levels: $120, $125

 

Key Points

  • Ethereum showed an upward trend with the price moving above $120 with the resistance around $125.
  • Ethereum is currently trading around $120 with the price well supported with at $110 to $112.
  • Ethereum price gained momentum up to $125 but started a downward correction

 

Ethereum Price Analysis

Ethereum price had a bullish momentum above the $115 level breaking the resistance at $118 and $120. The next resistance was set at $125 but could not be broken due to high selling pressure which led to a downward correction and price declining below $120 level.

The support levels lie around $115, $112 and $110. If these support levels are broken, the price can further fall downwards up to $100.

 

ETHUSD 2 day chart

ETHUSD 2 day chart

Looking at the 2-day chart, Ethereum price started to gain momentum around $102 and the price went up to $125 but failed to break the resistance due to which a correction started bringing the price downwards below the $120 range. The major support now lies between $110 and $112.

#Ethereum

Ethereum Miners are the best targets for Hackers, ETH mining is not profitable

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Down by 94% from its ATH, and currently trading at $87, Ethereum ETH mining has become a nightmare for miners. Hackers target Ethereum miners the most.

Down by 94% from its ATH, and currently trading at $87, Ethereum ETH mining has become a nightmare for miners. ETH mining is not only non-profitable but Ethereum miners are the best targets for crypto hackers according to a new report by ZDNet.


These crypto hackers are using a new way to steal your Ethereum with an enormous scanning effort to choose Ethereum wallets and ETH miners with an explicit vulnerability.

As per the report by ZDNet, crypto programmers are focusing on Etherum wallet and mining equipment through devices with an uncovered port 8545, the standard port for the JSON-RPC interface — an automatic API that sits on the nearby gadget and can be utilized to an inquiry for mining-related data.

Ethereum engineers had cautioned clients about the risks of uncovering the JSON-RPC interface when utilizing mining gear and Ethereum programming, educating clients to empower a secret word for the interface or enact a firewall to channel web traffic going to the powerless port.

By structure, the JSON-RPC interface doesn’t accompany a default secret phrase. It’s subject to clients setting one, which they once in a while do. For Ethereum wallets or mining gear whose port is left uncovered on the web, programmers can send directions to the API and remotely exchange assets out of the wallets.

The report expresses that mining rigs makers and Ethereum wallet engineers have done their bit to confine the harm caused by this risky interface by notice clients of the need to include a secret word. Others have gone the outrageous course of expelling the interface through and through, however, since this was certifiably not an assembled exertion, the issue holds on.

While there had been a lot of Ethereum scanning efforts in the course of the most recent two years, this is the first run through outputs have been accounted for in a bear advertise. Truth be told, the report refers to information from Tory Mursch, fellow benefactor of Bad Packets LLC, who told the news outlet that the output crusades tripled in December, contrasted with a month ago, when prices were steady.

 

“Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it’s pennies a day.”

 

Last year alone, hackers stole $32 million from Ethereum wallers using a small bug in multi-signature wallets. Is Ethereum really ready for medium and large-scale adoption with these vulnerabilities? Or is ETH a useless asset? Comment below.

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#Ethereum Price Analysis

Ethereum Price Analysis: ETH falling to $55?

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Ethereum price is trying to recover the huge losses but is failing to gain momentum and large whales are waiting to sell ETH above $90.

Technical Indicators:

Support Level: $80

Resistance Level: $90

 

Key Points

  • Ethereum price recovered more than 2.5% in the 24-hour chart moving above the resistance at $84.
  • Ethereum price is still in a bearish momentum and may fall towards the $80 support area soon.
  • There is a major bearish trend line with new resistance between $86 and $89.

Ethereum price is trying to recover the huge losses but is failing to gain momentum and large whales are waiting to sell ETH above $90.

Ethereum Price Analysis

After trying to recover back above $95 last week, Ethereum price started a downfall below $90 and $85 support levels. The price even fell close to the $80 support but was able to maintain itself above this range. Ethereum price is still below the 4 hours- 100 SMA.

ETHUSD 24 hour chart

ETHUSD 24 hour chart

Ethereum price is facing hurdles while trying to recover back above $90 with the main resistance between $86 and $89. The long-term resistance, however, is above $90 where large whales are willing to sell their holdings in order to avoid further losses. According to the 24-hour chart, Ethereum price may recover above $85 up to $90 but the strong resistance above $90 would push the price downwards and ETH may test the support level near $80 in short term. The current support is quite major as the most major support after this range lies around $55. If the current support is broken, ETH may fall up to this range.

 

The following article is not a financial advice. The readers should do their own research and analysis before investing in any digital asset such as Ethereum.

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#Ethereum Price Analysis

Ethereum Price Analysis: Best time to sell ETH?

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Support Level: $86
Resistance Level: $95

 

Key Points

  • Ethereum price showed a temporary recovery above $90 level.
  • There is a major bearish trend line formation near the key resistance of $95.
  • Ethereum price may start to fall below $90 with the major support near $86.

Ethereum price showed temporary bullish momentum with the major selling pressure above $95. The price may start a downward momentum with a bearish trend line formed at $95 resistance which may push the price down from $90 level.

 

Ethereum Price Analysis

Ethereum price showed a decent bullish momentum above $90. While trying to move upwards ETH faced selling pressure near resistance between $95 and $98 which pushed the price downwards. The major support level is formed near $86. If the support is broken due to the selling pressure then Ethereum price may fall down below $80 soon.

ETHUSD 24 hour chart

ETHUSD 24 hour chart

Looking at the 24-hour chart, Ethereum price showed temporary bullish momentum but failed to break the resistance due to selling pressure. Ethereum is currently trading around $94 (at the time of publishing). The price will likely try to break the resistance at $95 again which is quite strong and may push the price downwards again to test the support at $86. Once the support is broken, the price will likely fall below $80.

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