Polkadot indicator? Data shows Ethereum price follows it to the DOT

Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors. Anyone who’s been in the game since 2017 will recall the heated discussions revolving around the Ether (ETH) to Bitcoin (BTC) flippening and the same commotion was caused by Bitcoin Cash (BCH) and EOS flipping top blockchains as they moved into the top-5. Now traders’ attention has shifted to Polkadot (DOT) as the network is currently ranked top-5 cryptocurrency by market capitalization and it seems that its ascension to the top came out…

DApps can now send push notifications to Ethereum wallet users

An Indian startup has built a decentralized notification protocol dubbed Ethereum Push Notification Service (EPNS) allowing DApps to send push notifications to Ethereum wallet users. Speaking to Cointelegraph, EPNS founder Richa Joshi said that they developed the protocol after finding a striking similarity between how applications operated in the early days of the internet and how they operate on Web 3.0. She explained that Gmail or Orkut did not send notifications in their early days as they do now. Users would have to check back every time to see if…

Here’s Why Ethereum Could Return to Last Week’s Lows at $315

Ethereum has surged over the past few days after bottoming at $310-315 early last week. The leading cryptocurrency has been benefiting from a recovery in both legacy markets and Bitcoin, which both have pushed higher since the lows they established last week. As of the time of this article’s writing, ETH trades for $380 — which is a price over 20% higher than the aforementioned lows. The cryptocurrency is up 5% in the past 24 hours, having pushed higher from a strong drop on Sunday morning. The coin remains in…

Ethereum Approaches Key Resistance; Break Above Could Spark Move to $650

Ethereum has seen a strong rebound from its recent lows today, with its ongoing upswing coming about in tandem with the immense technical strength seen by Bitcoin. The aggregated cryptocurrency market is trending higher today, which is partially being driven by Bitcoin’s strong weekly candle close and the ongoing upswing seen in the stock market. Despite Ethereum rebounding from daily lows of $350 that were set at the bottom of yesterday’s selloff, it is important to note that the crypto has yet to break above its key $380 resistance level.…

Ethereum Flag Pattern Risks Plunge Towards $177; Here’s Why

Ethereum is facing risks of undergoing a massive plunge as it partially confirms a bearish flag pattern. The technical setup appears after an asset forms a consolidation channel upward following a strong bearish move. The downward movement is called flagpole, while the consolidation is referred to as the “flag” itself. Ethereum is forming the same pattern, as shown in the chart below. ETH/USD is consolidating in an upward channel. Source: TradingView.com The second-largest cryptocurrency is forming a flag pattern followed by a large slope downwards – a flagpole whose maximum…

Ethereum Lacks Momentum Above $370: Here’s Why Bulls Are Comfortable

Ethereum failed to continue high above $390 against the US Dollar. ETH price is currently trading above a crucial support at $350, below which it could turn negative. Ethereum declined below the $375 support after it failed near the $390 level. The price is now trading below the 100 hourly simple moving average, but it is well above $350. There is a crucial bullish trend line forming with support near $358 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $350 support level…

Large Sellers “Pull the Rug” on Ethereum; Will This Lead to Further Downside?

Ethereum has seen some intense selling pressure throughout the past day, which has struck a blow to the technical strength that was brought about by the buying pressure seen yesterday. This decline has made it grow increasingly unclear as to where the crypto may trend in the near-term, but it does seem as though it may be positioned to see significantly further downside in the near-term. One analyst, while speaking about this recent decline, noted that it appears to have been sparked by a so-called “whale” who had been previously…

It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why

Since plunging from the $390 highs to $350 on Sunday morning, Ethereum has undergone a strong bounce that has taken it back above $365. The cryptocurrency has legacy markets and Bitcoin to thank, as both have pushed higher over the past few hours. Bitcoin now trades at $10,350 after reaching lows of $10,200 while the futures for leading American stock indices like the S&P 500 and Nasdaq are up 0.5% as of the Sunday evening (Monday morning in Asia) open. Ethereum, though, may soon undergo a correction as the price…

Here’s the Key Level Analysts Are Eyeing After Ethereum Surged 25% From Low

Earlier this week, Ethereum plunged as low as $310-315 as legacy markets tumbled, dragging crypto lower. The cryptocurrency has since undergone an extremely strong bounce, recovering 25% to the $389 level where ETH sits at now. Analysts are eyeing $392 as a level for the cryptocurrency. One says that if that level is confirmed as support, it will give credence to the sentiment that Ethereum will push back above $400. Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Ethereum Needs to Cross This Level to Confirm More…

Ethereum Breaks Crucial Resistance, Technical Suggest More Upsides Above $400

Ethereum is up over 5% and it broke the key $370 and $380 resistance levels against the US Dollar. ETH price could continue to rise towards $400 or $420 as long as it is above $370. ETH price is gaining momentum above the $360 and $370 resistance levels against the US Dollar. The price is now trading nicely above $375 and the 100 simple moving average (4-hours). There is a crucial rising channel forming with support near $350 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…