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#Ethereum Price Analysis

Ethereum Price Weekly Analysis: ETH/USD in Pressure.

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Ethereum price is generally exchanging a range. ETH/USD could gradually ascend towards the $290 level with extending moves.

Ethereum Price Key Features

  • Ethereum price is under a great deal of bearish weight underneath the $430 and $410 levels against the US Dollar.
  • There are two bearish pattern lines set up with resistance at $432 and $412 on the 4-hour chart of ETH/USD (information feed by means of Kraken).
  • The combine needs to settle above $432 and the 100 SMA (4-hours) to move in a positive zone.

Ethereum price is exchanging with bearish moves versus the US Dollar and Bitcoin. ETH/USD is confronting significant obstacles close $732 for a recuperation in the close term.

Ethereum Price Resistances

This previous week, there were, for the most part, bearish moves beneath $440 in Ethereum price against the US Dollar. The ETH/USD combine declined and broke the $430 and $423 support levels. It moved into a bearish zone beneath $430 and settled underneath the 100 basic moving normal (4-hours). The decay was with the end goal that ethereum price even broke the $400 level and shaped a new low at $397.

Afterwards, Ethereum price began solidifying around the $400 level. It tried the 23.6% lie retracement level of the last decrease from the $483 high to $397 low. Notwithstanding, ETH purchasers neglected to pick up footing over the $417 level, and Ethereum price declined indeed. Right now, the price is exchanging a range above $400. On the upside, there are two bearish pattern lines set up with resistance at $432 and $412 on the 4-hour chart of ETH/USD. The second bearish pattern line harmonizes with the 38.2% lie retracement level of the last decrease from the $483 high to $397 low. A moderate resistance is close to the $423 level (the past support).

ETHUSD Weekly Price Chart

ETHUSD Weekly Price Chart

The above chart demonstrates that Ethereum price is confronting a tough assignment close to the $432 level. A break above $432, slant lines, and the 100 SMA is required for an OK recuperation in Ethereum.

4-hours MACD – The MACD is gradually moving in the bullish zone.

4-hours RSI – The RSI is as of now just underneath the 40 level.

Significant Support Level – $397

Significant Resistance Level – $432

#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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