BTC/USD has no visible resistance levels on its path back to the $7,000 zone. However, following that, it faces two strong resistances at $7,125 and $7,260. $7,125 has the one-month Pivot Point support-two, while $7,260 has the one-day Pivot Point resistance-two and one-week Pivot Point resistance-one. On the downside, there is a healthy support level at $6,300, which has the one-hour Bollinger Band middle curve and one-day Fibonacci 38.2% retracement level.

ETH/USD bears currently have control of the market following a heavily bullish Monday. The price has, so far, gone down from $137 to $135. The daily confluence detector shows a healthy resistance level at $141.25, which has the one-week Fibonacci 23.6% retracement level. On the downside, there are two healthy support levels at $133.50 and $133. The former has the one-week Fibonacci 38.2% retracement level while the latter has the SMA 5 and SMA 100.

XRP/USD has a lack of strong resistance levels on the upside, which bodes well for the bulls. Dont be surprised if XRP/USD ends up near the $0.165-level by the end of the day. On the downside, there are three healthy support levels at $0.1577, $0.1557 and $0.153. $0.1577 has the one-week Fibonacci 38.2% retracement level and SMA 5, while $0.1557 has the 4-hour Bollinger Band middle curve. Finally, $0.153 has the SMA 10.

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Top three coins price prediction: Bitcoin and Ripple bulls start the day strong, Ethereum has a sluggish morning - FXStreet

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt.

On-chain (blockchain) data reveals that the Maker Foundation, a non-profit entity supporting the ongoing development of MakerDAO, has been taking part in several auctions meant to cover millions of dollars in undercollateralized system debt which has recently been created. The Maker Foundation appears to have won all the auctions conducted so far.

The MKR token auction had been initiated when approximately $4.5 million worth of undercollateralized debt was created after several liquidators managed to win collateral liquidation auctions by putting up 0 Dai, which is a stablecoin issued in exchange for depositing Ether (ETH) as collateral in the MakerDAO lending system.

After locking their Ether, the MakerDAO system gives borrowers a loan in Dai, which aims to maintain a soft peg to the US dollar. In addition to ETH, users can deposit Basic Attention Tokens (BAT) or stablecoin USDC as collateral. Following the sharp decline in the Ether price and other crypto assets on March 12, a large number of loans dropped below their minimum 150% collateralization threshold.

The auction involves creating and selling off MKR, which is MakerDAOs governance token, in exchange for stablecoin Dai. The capital raised in this manner will reportedly be used to settle the debt. Those who take part in the auction will have to commit to providing as much as 50,000 Dai, and they could receive up to 250 MKR tokens if they succeed.

The auction reportedly began on March 19 at about 10:30 am ET. So far, 33 auctions have been carried out. Available data reveals that the Maker Foundation seems to have won all of the auctions conducted so far.

In statements shared with The Block, the MakerDAO Foundation stated that it has offered limited technical assistance to some bidders on a first come, first serve basis to facilitate their timely and effective participation in the auctions.

It added:

Note, however, that this assistance in no way provides informational or any other advantage to those bidders, including capital.

The Foundation said that this move may help participants who may not possess the technical skills needed to take part in these types of auctions.

The Foundations trading desk appears to be getting all the winning MKR (so far). All finalized auctions have been won by only three addresses.

The addresses have transferred their acquired MKR tokens back to the Maker Foundations trading desk address, which has been funded by one of the multi-signature addresses managed by the Foundation.

The addresses have reportedly spent 1,650,000 DAI in exchange for 6,226.41 MKR tokens. These transactions have been performed at an average price of 265 DAI per MKR, which has been trading for around 270 DAI on Uniswap, a non-custodial crypto asset exchange.

While Maker has been winning all of the bids so far, The Block claims that it has not been engaging in wash bidding, where participants constantly place higher bids in order to increase the price in an artificial manner.

He explained:

If you filter all auction bids by winning addresses, we see no overlap in bids/auction among 3 addresses.

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Maker Foundation, which Supports Ethereum-based DeFi Platform MakerDAO, Appears to be Winning All Auctions of MKR Governance Tokens - Crowdfund...

[PRESS RELEASE]

Beep Magnet, a blockchain-focused Nigerian company that has been in the market for the last 4 years, has taken a bold step to develop a new ERC-20 Token that runs on Ethereum Blockchain which will support and scale up her consumer loyalty adoption for Africa the Beepmagnet Token (BMToken).

The company already runs its own BMCT blockchain,a bybrid Blockchain that combines POW, POS, and Master Nodes algorithms for its BMCT coins.

SEE ALSO:An Overview of the Ethereum Blockchain Ecosystem in 2019

The new BeepMagnet token (BMToken) will support BMCT coin as a SWAP token for BMCT and also a token that merchants can accept in their businesses.

Currently, BMCT coins are used on the following platforms:

According to the company, the future of consumer loyalty and reward using the BMCT Coin and the BMToken, with the combination of these two blockchains, guarantees trust, transparency, speed, and decentralization.

We want to see a time when consumers will reject Gift card points or loyalty points that are not powered with blockchain technology, which limits the consumer to speed or redeem loyalty value only at the place it was given. ~ Beep Magnet

Visit the company website and follow them across their social media handles below:

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Introducing the New African BMToken on the Ethereum Blockchain - bitcoinke.io

Mar 23, 2020 at 14:11 // News

Ethereum has been fluctuating between $100 and $140 since March 12. The initial attempt by the bulls to move upward was hampered because of selling pressure at the $140 price level.

The $140 resistance was the previous support in January where the price consolidated before an upward move. Presently, the upward move is repelled because support and resistance respect the historical price level.

Ether has fallen to the low of $122, after the retracement from the overhead resistance. The market will commence a new uptrend if the bulls buy at the current support. ETH will rise and breach the $140 overhead resistance. The bears will take control of where the bulls fail to act. A drop below $122 will mean that the bears are in control and ETH may reach the low of $100.

Ether has been in the oversold region since the last bearish impulse. Unfortunately, buyers fail to emerge in the oversold region. In the absence of that, the stochastic bands were sloping horizontally. Meanwhile, ETH is above the 20% range of the daily stochastic.

Key Resistance Zones: $220, $240, $260

Key Support Zones: $160, $140, $120

Ethereum is currently confined to a range between $100 and $140. The bulls have failed to emerge at the oversold region to propel the coin upward. The market will continue its fluctuations until buyers emerge or new buyers are introduced at the bottom of the chart.

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

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Ethereum Ranges After Rejection at $140 Overhead Resistance - Coin Idol

March 23, 2020 / by Crypto.IQ

CoreWeave, which is the largest United States based Ethereum (ETH) miner, has dedicated 6,000 of its Graphics Processing Units (GPUs) for finding a Coronavirus vaccine, via contributing them to [emailprotected]

Essentially, [emailprotected] is a distributed network of computers which aggregate their power to simulate viruses and bacteria, and [emailprotected] has had success in the past, such as contributing to the development of front-line HIV drugs.

In this specific case, [emailprotected] is simulating the Coronavirus structure and how it interacts with other medicines, in order to see if any FDA approved medicines have efficacy in inhibiting the Coronavirus. Also, in general these simulations are helping scientists to better understand the Coronavirus.

Notably, the 6,000 GPUs that CoreWeave dedicated represents 0.2% of the total Ethereum (ETH) hash rate, and generated roughly 28 Ethereum (ETH) per day worth $3,600.

Ethereum (ETH) miners are not the only miners contributing to Coronavirus research, 20 groups of Tezos (XTZ) miners are also contributing hash power to [emailprotected]

Overall, this highlights how cryptocurrency mining is one of the biggest sources of GPU power in the world, and during pandemic emergencies that GPU power can be diverted to scientific research.

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6000 GPUs Take a Break from Ethereum Mining to Contribute to Coronavirus Research Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can...

EOS

EOS rose by 1.68% on Wednesday. Following on from a 3.74% gain on Tuesday, EOS ended the day at $2.0086.

A bullish start to the day saw EOS rise to an early morning intraday high $2.0149 before hitting reverse.

Falling short of the first major resistance level at $2.0547, EOS slid to a late morning intraday low $1.8772.

EOS fell through the first major support level at $1.8913 before moving back through to $2.00 levels and into the green.

At the time of writing, EOS was down by 0.48% to $1.9990. A mixed start to the day saw EOS rise to an early morning high $2.0428 before sliding to a low $1.9747.

EOS left the major support and resistance levels untested early on.

EOS would need to move through to $2.00 levels to bring the first major resistance level at $2.0566 into play.

Support from the broader market would be needed, however, for EOS to break out from the Wednesdays high $2.0149.

Barring an extended rally, the first major resistance level at $2.0566 would likely cap any upside.

Failure to move through to $2.00 levels could see EOS fall deeper into the red.

A fall back through to sub-$1.9670 levels would bring the first major support level at $1.9189 into play.

Barring another crypto meltdown, however, EOS should steer well clear of the second major support level at $1.8292.

Major Support Level: $1.9189

Major Resistance Level: $2.0566

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rose by 2.19% on Wednesday. Following on from a 4.25% rally on Tuesday, Ethereum ended the day at $118.6.

A relatively bullish start to the day saw Ethereum rise to an early morning high $118.3 before hitting reverse.

Falling short of the major resistance levels, Ethereum fell to an early afternoon intraday low $110.18.

Finding support at the first major support level at $110.0, Ethereum rallied to a final hour intraday high $118.88.

While closing out the day in the green, Ethereum came up well short of the first major resistance level at $121.83.

At the time of writing, Ethereum was down by 1.83% to $116.43. A mixed start to the day saw Ethereum rise to an early morning high $120.49 before falling to a low $115.72.

Ethereum left the major support and resistance levels untested early on.

Story continues

Ethereum would need to move back through to $120 levels to support a run at the first major resistance level at $121.50.

Support from the broader market would be needed, however, for Ethereum to breakout from Wednesdays high $118.88.

Barring a broad-based rebound, resistance at $120 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $120 levels could see Ethereum struggle throughout the day.

A fall back through to sub-$115.90 levels would bring the first major support level at $112.89 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $107.19.

Major Support Level: $112.89

Major Resistance Level: $121.59

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rose by 0.49% on Wednesday. Following on from a 4.04% gain on Tuesday, Ripples XRP ended the day at $0.14819.

Tracking the broader market, Ripples XRP rose to an early morning intraday high $0.15 before hitting reverse.

Falling short of the first major resistance level at $0.1536, Ripples XRP fell to an early afternoon intraday low $0.14035.

Finding support at the first major support level at $0.1413, Ripples XRP bounced back to wrap up the day in the green.

At the time of writing, Ripples XRP was down by 1.30% to $0.14627. A mixed start to the day saw Ripples XRP rise to an early morning high $0.14938 before falling to a low $0.14466.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to move back through the morning high to $0.14938 levels to support a run at the first major resistance level at $0.1520.

Support from the broader market would be needed, however, for Ripples XRP to break out from the Wednesdays high $0.1500.

Barring a broad-based crypto rebound, the first major resistance level at S0.1520 would likely limit any upside.

Failure to move back through the morning high $0.14938 could see Ripples XRP fall deeper into the red.

A fall back through to sub-$0.1460 levels would bring the first major support level at $0.1424 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of sub-$0.14 levels on the day.

Major Support Level: $0.1424

Major Resistance Level: $0.1520

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis 19/03/20 - Yahoo Finance

Ethereum saw another 18% price increase today after seeing a 12% price increase yesterday. The cryptocurrency traded as high as $153 before it fell back beneath $150 to reach the current $145 price.

This latest price increase has now broken the previous trading range for Ethereum as the buyers attempt to recover from the March market wipeout. However, the RSI is still well below the 50 level and we should wait for it to break 50 before becoming too optimistic.

ETH/USD Daily CHART SHORT TERM

Analyzing the daily chart above, we can see that ETH rebounded from the strong support at $110 3-days ago. It then went on to rise higher by 12% yesterday but found resistance at the upper boundary of the previous trading range at $135.

The 18% price hike seen today has now allowed ETH to break above this trading range as it finally climbs back above $150. We can see that it had found resistance around $152 which is provided by a bearish .382 Fib Retracement. It has since fallen from this level to trade at around $145.

The break above $135 has now allowed Ethereum to turn neutral, however, we are still a very long way from turning bullish. If Ethereum was to break back beneath $135 it would turn into a bearish trajectory again.

If the bulls break $150, the first level of strong resistance lies at $152 which is provided by the bearish .382 Fib Retracement measured from the March decline. Above this, resistance lies at $160, $172 (bearish .5 Fib Retracement), $176 (1.414 Fib Extension), and $191 (bearish .618 Fib Retracement). This is followed by resistance at $200.

Toward the downside, the first level of support lies at $135. Beneath this, support lies at $120, $110, and $100.

Support: $135,$120, $116, $110, $104, $100, $92.85, $80, $76..

Resistance:, $150, $152, $160, $171, $176, $180, $191, $200, $205, $210, $213, $220, $227.

Summary

Article Name

Ethereum (ETH) Price Analysis: ETH Surges Another 18%, Can We Head Back Above $200?

Description

Ethereum saw another 18% price increase today as the cryptocurrency climbs above $150.It has since fallen back beneath to trade at $145.

Author

Yaz Sheikh

Publisher Name

Coin Gape

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Ethereum (ETH) Price Analysis: ETH Surges Another 18%, Can We Head Back Above $200? - Coingape

EOS

EOS rallied by 13.71% on Thursday. Following on from a 1.68% gain on Wednesday, EOS ended the day at $2.0849.

A bearish start to the day saw EOS fall to an early morning intraday low $1.9747 before making a move.

Steering clear of the first major support level at $1.9189, EOS rallied to a late intraday high $2.4000.

EOS broke through the major resistance levels before easing back to $2.20 levels. In spite of the pullback, EOS held above the third major resistance level at $2.2423.

At the time of writing, EOS was down by 0.15% to $2.2816. A mixed start to the day saw EOS rise to an early morning high $2.3281 before falling to a low $2.2630.

EOS left the major support and resistance levels untested early on.

EOS would need to move back through to $2.30 levels to bring the first major resistance level at $2.4650 into play.

Support from the broader market would be needed, however, for EOS to break out from the Thursdays high $2.4000.

Barring another extended rally, the first major resistance level at $2.4650 would likely cap any upside.

Failure to move through to $2.30 levels could see EOS fall deeper into the red.

A fall back through to sub-$2.1200 levels would bring the first major support level at $2.0400 into play.

Barring another crypto meltdown, however, EOS should steer well clear of $1.9000 support levels.

Major Support Level: $2.0397

Major Resistance Level: $2.4650

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum rallied by 15.25% on Thursday. Following on from a 2.19% gain on Wednesday, Ethereum ended the day at $136.68

Tracking the broader market, Ethereum fell to an early morning intraday low $115.72 before finding support.

Steering clear of the first major support level at $112.89, Ethereum rallied to a late intraday high $144.44.

Ethereum broke through the major resistance levels before falling back to sub-$140 levels. In spite of the pullback, Ethereum held above the third major resistance level at $133.29.

At the time of writing, Ethereum was down by 0.37% to $136.17. A mixed start to the day saw Ethereum rise to an early morning high $140.27 before falling to a low $133.89.

Ethereum left the major support and resistance levels untested early on.

Story continues

Ethereum would need to move back through to $140 levels to support a run at the first major resistance level at $148.84.

Support from the broader market would be needed, however, for Ethereum to breakout from Thursdays high $144.44.

Barring a broad-based rebound, resistance at $140 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $140 levels could see Ethereum struggle throughout the day.

A fall back through to sub-$132 levels would bring the first major support level at $120.12 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $103.56.

Major Support Level: $120.12

Major Resistance Level: $148.84

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rose by 11.40% on Thursday. Following on from a 0.49% gain on Wednesday, Ripples XRP ended the day at $0.16509.

A bearish start to the day saw Ripples XRP fall to an early morning intraday low $0.14466 before finding support.

Steering clear of the first major support level at $0.1424, Ripples XRP rallied to a late intraday high $0.17322.

Ripples XRP broke through the major resistance levels before easing back to $0.165 levels. The pullback saw Ripples XRP fall back through the third major resistance level at $0.16550.

At the time of writing, Ripples XRP was down by 2.25% to $0.16138. A mixed start to the day saw Ripples XRP fall to an early morning low $0.15800 before striking a high $0.16711.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to move back through the morning high to $0.16711 to $0.17 levels to support a run at the first major resistance level at $0.1773.

Support from the broader market would be needed, however, for Ripples XRP to break out from the Thursdays high $0.17322.

Barring a broad-based crypto rebound, resistance at $0.17 would likely leave Ripples XRP short of the first major resistance level at S0.1773.

Failure to move back through the morning high $0.16711 could see Ripples XRP fall deeper into the red.

A fall back through to sub-$0.1610 levels would bring the first major support level at $0.1488 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of sub-$0.15 levels on the day.

Major Support Level: $0.1488

Major Resistance Level: $0.1773

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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EOS, Ethereum and Ripples XRP Daily Tech Analysis 20/03/20 - Yahoo Finance

NEO-based decentralized exchange (DEX) Switcheo partnered with the Zilliqa blockchain to allow trading of Ethereum- and EOS-based assets on the platform.

According to an announcement on March 16, after the launch, Zilliqa token holders will be able to access Ethereum-based assets for the first time. A Switcheo spokesperson also informed Cointelegraph that there are plans to add Bitcoin (BTC) support as well.

The two teams plan to launch a minimum viable product by the end of Q2 2020 and external user acceptance testing by Q3. The development is expected to conclude by 2021.

Switcheo claims to be the first multi-blockchain DEX platform that enables cross-trading of Ethereum, EOS and NEO-based tokens. Furthermore, the platform reportedly counts nearly 35,000 traders and supports 24 cryptocurrencies and 43 trading pairs.

A Switcheo representative told Cointelegraph that the DEX will use the existing Switcheo order book and that all the smart contracts are designed to be interoperable. Furthermore, the assets of other blockchains can be swapped with Zilliqa-based tokens.

A Zilliqa spokesperson said that any ERC-20 compliant token is supported by the DEX. The firms involved in the project plan to build a liquidity pool to facilitate trading.

As the cryptocurrency space matures projects looking to decentralize their market infrastructure are gaining traction. One of the main advantages of a well-built DEX is the lack of a central point of failure.

Switcheo CEO Ivan Poon pointed out the advantage of DEX platforms over their centralized counterparts:

Decentralized exchanges have been recognized for the absence of centralized governance which enables greater security and safety for users and their assets.

As Cointelegraph reported in December, developers of inter-chain architecture Komodo launched AtomicDEX, which runs a full peer-to-peer node in the web browser of its users. That same month, the Waves DEX upgraded to adopt a hybrid architecture that adds features typical of centralized trading platforms to the exchange.

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NEO-Based DEX Partners With Zilliqa to Add Ethereum and EOS Assets - Cointelegraph

As crypto investors fledEtherforstablecoinsand cash en masse, Ethereums gas prices skyrocketed. Meanwhile, those in the crypto art and gaming space suffered.

Now, theyre looking for alternatives.

It doesnt matter if youre entering Ethereum to buy your firstCryptoKittyor leaving topreserve your wealth: the number two blockchain doesnt scale.

The issue has been ongoing, of course. Still, the latest activity has had dramatic effects on the non-fungible token (NFT) space. One of the most popular games on the Ethereum network,Gods Unchained, had to adjust.

In a blog post on Mar. 16, theywrote:

A global market disruption has led the Ethereum network to become extremely congested. This is not a regular event, and we expect things to normalize after the initial market spike dissipates. Gas prices are at an all-time high, leading transactions to get stuck when users attempted to fuse cards.

The game rewards players with core cards. When a player earns enough cards, they can fuse them and sell them. This feature is part of Gods Unchaineds play to earn initiative. Due to ongoing congestion on Ethereum, however, the team has had to turn the feature off.

Rarible users have also reported issues when buying, selling, and posting tokenized art on the platform. Its cuz all the traders are bogging up the network because the financial world is topsy turvy, one user said. The same user also indicated that cheaper transactions, like those needed for crypto art, either fail, get stuck, or [are] dropped.

While waiting for a more permanent solution, many blockchain-based gaming and art platforms have combined decentralized and centralized technologies.Axie Infinity, another top crypto game, has been following this strategy for some time. The COOAleksander Leonard Larsentold Crypto Briefing that:

When Ethereum is congested, we see a lot less activity on-chain, but to be honest, it is not so important to us. We realized a long time ago that Ethereum does not make much sense for games.

Instead, Axie Infinity secures in-game assets on the Ethereum blockchain. The gameplay is housed off-chain on a centralized server.

Larsen explained that his team is actively looking for a production-ready [layer 2 solution] specialized in games.

Launchedin September 2019, Dapper Labs Flow blockchain set out to solve scalability issues facing the digital collectibles space. The projects CryptoKitties product was so popular in December 2017 that it singlehandedly slowed the entire Ethereum network.

The team introducedFlow Playground earlier this month to help onboard developers and experiment with the blockchain.

Co-creator of CryptoKitties and CTO of Dapper Labs,Dieter Shirley, told Crypto Briefing:

The Flow Playground is our first public incarnation of Flow, and gives developers a preview of what they can expect to see from Flow.

Shirley said that the team is building a blockchain to give developers the tools they wished they had when making CryptoKitties andCheeze Wizards.

For third parties, likeOpenSea, a marketplace for NFTs, the initiative has been a welcome development. As far as Ive seen, said CTO of OpenSea,Alex Atallah, the Playground is the easiest way to deploy a smart contract and share it.

OpenSea was also purpose-built following CryptoKitties popularity. At its peak, Atallah explained that when Ethereum became congested, users had to pay high gas prices. Since then, they have been keeping close tabs on alternatives like Flow.

Attracting one of the largest developer communities away from Ethereum, however, will be no easy task. This divorce is made harder by the fact that Flow is written in different programming languaged called Cadence.

The new programming language means developers would have to rewrite Ethereum smart contracts written in Solidity.

For Devin Finzer, the CEO of OpenSea, this isnt an issue. He told Crypto Briefing that Cadence is pushing the field forward for programming patterns in the asset ownership space.

Others, like Axie Infinitys COO, are pressed for time and need products like Flow to be available immediately.

We are not ruling out Flow at this stage, but I dont see them being ahead of the pack at this time, said Larson. This skepticism is due primarily to the fact that the blockchain has yet to launch fully.

Leaving Ethereum is also difficult for many crypto projects that have established links with thefast-growing DeFi space.

For Axie Infinitys part, many players can easily leverage Uniswap, a DeFi liquidity pool. Users have, for example, created a pool for Axie tokens, called Small Love Potion (SLP). These are the rewards for in-game battles.

Betting on an alternative blockchain like Flow is also a bet that Ethereum 2.0 may never arrive. If it does, it might be too late.Shirley said that though he has a lot of respect for the developers building Ethereum 2.0, he is tired of waiting. He added:

It was two years away when we launched CryptoKitties (two years ago), and it still isnt ready today.

Rumors indicate Phase 0 of Etheruem 2.0 will arrive this year. This first step will usher in a parallel proof-of-stake (PoS) blockchain alongside the current proof-of-work (PoW) mechanism. The transition will reportedly improve security and scalability in the networkput otherwise, a less congested Ethereum.

Beyond that, however, the full completion is still unknown.

See the article here:

It's All Fun and Games Until Ethereum Gets Congested - Crypto Briefing

Source: iStock/Yelizaveta Tomashevska

The broader crypto market once again saw some selling on Wednesday, although the pace of the sell-off has certainly slowed and the market appears to be searching for firm support. For major coins like ethereum (ETH) and Ripples XRP, that means looking for chart levels from as far back as mid-2017.

As of press time on Wednesday (11:08 UTC), ethereum is trading down 4% to a price of USD 113 (also down 43% in a week and 55% in a month), while XRP trades at USD 0.1437, down 3.7% over the past 24 hours, 31% in a week and 48% in a month. Most other altcoins are also seeing similar trading today. Bitcoin (BTC) is down 3.7% in a day and 35% in a week.

First taking a look at ethereum, we need to go back to the beginning of 2019 to find similar prices as we have now, which also allows us to look for potential support levels in the chart. Based on this, some support appears to be around the USD 105 level, which is still well below current levels.

If the USD 105 level were to break, however, the next area of interest below that would be the 2018 low of around USD 82, which may also provide some support.

Moving over to the long-term weekly chart of XRP, its clear that the overall trend remains bearish for XRP. Since reaching its all-time high back in the beginning of 2018, the price has made a series of lower highs and lower lows the very definition of a downtrend.

Zooming in to the daily chart, however, we see that the important 50 and 200-day moving average lines have crossed each other again, forming a so-called death cross on the chart of XRP. Interestingly, this happened less than a month after XRP and many other altcoins had golden crosses appear in their charts back in February.

For now, its too soon to say if the selling in XRP is over for this time, and traders should, therefore, remain cautious.

Read more from the original source:

Ethereum and XRP Test Supports - Cryptonews

Ethereum is currently holding the key $100 support zone against the US Dollar. ETH price is slowly recovering and it seems to be eyeing a crucial upside break above $126 and $130.

Yesterday, there was a fresh decline in Ethereum from the $130 resistance area against the US Dollar. ETH price broke the $120 and $115 support levels to move back into a bearish zone.

The bears were able to push the price below the $110 level and the price settled well below the 100 hourly simple moving average. A new weekly low is formed near $100, where the bulls emerged.

As a result, Ethereum started an upside correction and traded above the $108 and $110 levels. There was a break above the 23.6% Fib retracement level of the downward move from the $134 swing high to $100 low.

The price is now trading near the $118 and $120 resistance levels. It seems like the 50% Fib retracement level of the downward move from the $134 swing high to $100 low is acting as a strong hurdle.

More importantly, two key bearish trend lines are forming with resistance near $128 on the hourly chart of ETH/USD. The 100 hourly simple moving average is also positioned near the $127 level to stop the bulls.

Ethereum Price

Therefore, a successful close above the $130 resistance and the 100 hourly SMA is needed to start a strong increase in the near term. The next key hurdle for the bulls is near the $144 and $145 levels.

If Ethereum struggles to continue above the $128 and $130 resistance levels, it could start another drop. An initial support is near the $110 and $108 level.

A clear break below the $108 support may perhaps lead the price towards the $100 support area. Any further losses are likely to spark a panic sell move and the price could drop towards $90 or $85.

Technical Indicators

Hourly MACD The MACD for ETH/USD is now gaining pace in the bullish zone.

Hourly RSI The RSI for ETH/USD is currently rising and it is above the 50 level.

Major Support Level $108

Major Resistance Level $128

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Ethereum Could Recover Significantly If It Clears The $130 Resistance: Heres Why - newsBTC

Ethereum and most major altcoins have entered a bout of sideways trading alongside Bitcoin which has been hovering within the mid-$5,000 region in the time following its recent crash which has made it increasingly unclear as to where the market will trend in the days and weeks ahead.

With regards to Ethereum, there are currently a few technical factors that are giving mixed signals into whether or not it is gearing up for an extension of its recent rebound, or if it will soon plummet lower.

In the near-term, it does appear that how it closes its daily and weekly candle in the coming several hours will be imperative for determining its near-term fate, with a failure for it to climb higher before this close being a dire sign.

At the time of writing, Ethereum is trading down just under 3% at its current price of $124.40, which marks a slight decline from daily highs of right around $130.

This past Thursday, Ethereum and the entire cryptocurrency market was subjected to an unprecedented selloff that led ETH to see one of its worst daily declines in its history plummeting from highs of $200 to lows of roughly $90.

The cryptocurrencys rebound from these lows sent it as high as $140, but it has drifted lower and entered a firm bout of sideways trading in the time since.

Investors keen on deciphering ETHs near-term trend should keep a close eye on the fact that it is currently consolidating right beneath its key resistance at roughly $135, which is a bullish sign.

It is also important to note that this level was a previous support that has now flipped to resistance bolstering Ethereums bear case.

Nik Patel, a well-respected cryptocurrency analyst and trader, explained in a recent tweet that a failure for bulls to bolster ETH prior to its daily and weekly close in a few hours could be a dire sign, as it will have printed a lower low against USD.

I think one of the most interesting things to look at further if tonight closes as it currently stands will be the failure of ETH (and a number of other alts) to print a lower-low against USD where BTC would clearly have broken market structure, he explained.

The hours ahead should provide Ethereum investors with greater insight into how it will trend in the weeks and months ahead.

Link:

Todays Weekly Close May Prove to be Dire for Ethereums Near-Term Fate - newsBTC

KEY POINTS

Most of the crypto skeptics think that the entire devotion of mining cryptos is just a terrible waste of energy. The millions of computers tasked to compete for completing a block of transaction work twenty-four hours a day and use up so much energy that it far exceeds the consumption of an average household -- a tradeoff for disseminating a new form of currency.

But as the whole world scrambles for a solution to contain COVID-19, these computers may come in handy in assisting humanity in the war against the virus. On Thursday, New York Gov. Andrew Cuomo announced that there are 1,769 new confirmed cases in the U.S., which brings the total to more than 14,000 with 195 deaths.

Elsewhere, the so-called "curve" hasn't been flattened yet as the pandemic continues to grow in number. Singapore yesterday reported 32 new cases, Saudi Arabia with 36, and the U.A.E. with 17. But what's remarkable is that China, the country that suffered the most in the pandemic, reported no cases yesterday -- and that goes the same for Friday, which is its second straight day of no confirmed cases.

Still, the virus isn't slowing down in other parts of the world, which is why mining computers can probably lend a hand in research. Coindesk reports that about 6,000 Ethereum (ETH) mining computers are being used to seek a cure for the dreadful coronavirus.

The company spearheading the process is CoreWeave, the largest U.S. miner on the Ethereum blockchain. It will be redirecting the computing power of those thousands of computers to Stanford University's Folding@home, which is a project launched on Feb. 27 for boosting the research for the virus.

"Our specialty is in using computer simulations to understand proteins' moving parts. Watching how the atoms in a protein move relative to one another is important because it captures valuable information that is inaccessible by any other means," the post reads," Folding@home blog post stated.

"This is one of the great things about the Ethereum mining ecosystem, it's basically the largest GPU compute resource on the planet. We were able to redeploy our hardware to help fight a global pandemic in minutes," said CoreWeave co-founder and Chief Technology Officer (C.T.O.) Brian Venturo.

Cryptocurrency mining Photo: Getty

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6,000 Ethereum Mining Computers Being Used For Coronavirus Cure Research - International Business Times

Ethereum 4 Hour Price Update

Updated March 22, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum enters the current 4 hour candle at 133.73 in US dollars, up 0.68% ($0.9) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the last 4 hour candle in terms of percentage price change.

Ethereum came into today down 0.51% ($0.68) from the open of yesterday, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 59.13% from previous day, but up 5.62% from the Saturday of last week. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. Below is a daily price chart of Ethereum.

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Over on Twitter, here were the top tweets about Ethereum:

your wife left because you bought ethereum at $1000

Im trying to collect #Ethereum tokens. Have you any #ERC20 coins you dont want, or to share with me, so I can learn more about it?0x9f4D4A602C9Eb564E5e25d26853D54e356af100EThanks @coinkit_ mon 1 100 $tzc

Resumen SemanalDow Jones -17.3%S&P 500 -15.0%Nasdaq -12.6%Russell 2k -16.3%CBOE VIX +14.2%EUR/USD -3.98%USD/JPY +3.16%GBP/USD -5.72%Bitcoin +3.7%Litecoin -7.9%Ethereum -11.3%Ripple -7.4%Crudo WTI -26.4%Oro -1.8%

In terms of news links for Ethereum heres one to try:

Ethereum miner shifts focus to Covid-19 Asia Times

Venturo noted that Folding@home has been used to contribute to breakthroughs in the creation of other important drugs. Their research had profound impacts on the development of front-line HIV defense drugs, and we are hoping our [computing power] will aid in the fight against coronavirus, Venturo said.Instead of one research firm alone using a massive computer to do research, Folding@home uses the computing power of anyone who wants to participate from around the world even if its just a single laptop with a little unused computing power to spare.Venturo urges other GPU miners to join the cause. Even without these calls for participation, though, miners of other cryptocurrencies are already independently taking action.

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Ethereum (ETH) Up $0.9 in Last 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Started Today Down 0.51% - CFD Trading

CoreWeave, the largest U.S. miner on the Ethereum blockchain, is redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus.

These graphics processing units (GPUs) will be pointed toward Stanford University's Folding@home, a long-standing research effort that unveiled a project on Feb. 27 specifically to boost coronavirus research by way of a unique approach to developing pharmaceutical drugs: connecting thousands of computers from around the world to form a distributed supercomputer for disease research.

CoreWeave co-founder and Chief Technology Officer (CTO) Brian Venturo said the project has at least a shot at finding a drug for the virus. As such, CoreWeave has responded by doubling the power of the entire network with its GPUs, which are designed to handle repetitive calculations.

According to Venturo, those 6,000 GPUs made up about 0.2 percent of Ethereum's total hashrate, earning roughly 28 ETH per day, worth about $3,600 at press time.

There is no cure for the coronavirus just yet (though various groups are working on vaccines and research to combat the disease, including IBM's supercomputer). Venturo noted that Folding@home has been used to contribute to breakthroughs in the creation of other important drugs.

"Their research had profound impacts on the development of front-line HIV defense drugs, and we are hoping our [computing power] will aid in the fight against coronavirus," Venturo said.

The coronavirus is taking a toll across the world. Italy and Spain are on lockdown. Conferences, stores and restaurants are closing to stem the spread of the disease; by stoking fears, it's slamming the financial markets in the process.

World computer

When the idea of using GPUs for coronavirus research was mentioned to CoreWeave, the team didn't think twice.

They had a test system up and running "within minutes," Venturo said. Since then, the project quickly snowballed. CoreWeave has been contributing over half of the overall computing power going into the coronavirus wing of Folding@home.

"The idea of 'should we do this?' was never really brought up, it kind of just happened. We were all enthusiastic that we might be able to help," Venturo added.

Folding@home is a decentralized project in the same vein as Bitcoin. Instead of one research firm alone using a massive computer to do research, Folding@home uses the computing power of anyone who wants to participate from around the world even if it's just a single laptop with a little unused computing power to spare.

In this case, the computing power is used to find helpful information relating to the coronavirus. Much like in bitcoin mining, one user might detect a "solution" to the problem at hand, distributing this information to the rest of the group.

"Their protein simulations attempt to find potential 'pockets' where existing [U.S. federal agency Food and Drug Administration (FDA)] approved drugs or other known compounds could help inhibit or treat the virus," Venturo said.

Viruses have proteins "that they use to suppress our immune systems and reproduce themselves. To help tackle coronavirus, we want to understand how these viral proteins work and how we can design therapeutics to stop them," a Folding@home blog post explains.

Simulating these proteins and then looking at them from different angles helps scientists to understand them better, with the potential of finding an antidote. Computers accelerate this process by shuffling through the variations very quickly.

"Our specialty is in using computer simulations to understand proteins moving parts. Watching how the atoms in a protein move relative to one another is important because it captures valuable information that is inaccessible by any other means," the post reads.

Long shot

Folding@home could use even more power. Venturo urges other GPU miners to join the cause.

Even without these calls for participation, though, miners of other cryptocurrencies are already independently taking action. Tulip.tools founder Johann Tanzer put out a call to action to Tezos bakers (that blockchains equivalent of miners) last week, promising to send the leading contributor to Folding@home a modest 15 XTZ, worth roughly $20 at press time.

The initiative blew up, to Tanzer's surprise. Though they might not be contributing as much power as CoreWeave, 20 groups of Tezos miners are now contributing a slice of their hashing power to the cause. Tanzer's pot has swelled to roughly $600 as Tezos users caught wind of the effort and donated.

But that's not to say all miners can participate. While GPUs are flexible, application-specific integrated circuits (ASICs), a type of chip designed specifically for mining, aren't, according to Venturo. Though ASICs are more powerful than GPUs, they're really only made for one thing: To mine cryptocurrency. This is one advantage Venturo thinks Ethereum has over Bitcoin, since GPU mining still works on the former, whereas the latter is now dominated by ASICs.

"This is one of the great things about the Ethereum mining ecosystem, it's basically the largest GPU compute resource on the planet. We were able to redeploy our hardware to help fight a global pandemic in minutes," Venturo said. (However, it's worth noting that Ethereum has seen ASICs enter the fray. Not to mention, ether miners might soon go extinct when a pivotal upgrade makes its way into the network.)

ASICs are useless for the Folding@Home effort, but if bitcoin miners have old GPUs lying around from the early days that they could contribute, too.

Even if other miners join up, though, it's still a long shot that the effort will lead to a helpful drug.

"After discussing with some industry experts [...] we believe the chance of success in utilizing the work done on Folding@Home to deliver a drug to market to be in the 2-5% range," Venturo said.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Thousands of These Computers Were Mining Cryptocurrency. Now They're Working on Coronavirus Research - CoinDesk - CoinDesk

A new 10-month study by 2gether, a crypto platform that aims to replace traditional banking, reveals the profile of female cryptocurrency users. The company conducted its survey from April 2019 to February 2020, polling 5,000 female users of the platform from Andorra, Monaco, San Marino and 19 Eurozone countries.

The poll reveals that female traders heavily trade Bitcoin and Ethereum. BTC and ETH represent 64% and 22% of the total trading volume, respectively.

While female crypto users also dabble in large-cap coins such as Bitcoin Cash, EOS and Cardano, these coins have captured less than 4% of the total trading volume.

The survey also shows that women account for 23% of all cryptocurrency users, slightly up from a study conducted in 2019 by fintech firm BitPanda, which showed that 22% of crypto holders in Europe were female versus 78% male.

Survey highlights from 2gether study

You can check out the full survey here.

Featured Image: Shutterstock/fizkes

Originally posted here:

Female Crypto Users Put Bitcoin on Top, Followed by Ethereum: Study - The Daily Hodl

The head of developer relations at Ripples Xpring says blockchain is poised to transform the world of finance amid rapidly changing economic conditions.

In a new blog post, Warren Paul Anderson says payments are the clear first use case for the emerging technology. He points to economic turmoil as a potential catalyst for the rise of crypto assets like Bitcoin, Ethereum and XRP.

We believe that blockchain technology is the deconstruction of finance, down to its core components, with payments being the first part through the implementation of crypto currencies such as BTC, ETH, and XRP.

As the world braces for change in global economic conditions, we believe that blockchain technology can serve as an integral tool for developers to put the pieces back together.

Early this month at London Blockchain Labs, Ripple co-hosted an event for around 100 developers called Deconstructing DeFi.

The gathering focused on specific aspects of decentralized finance (DeFi), a term representing broader efforts to recreate traditional financial instruments in a decentralized architecture that cant be controlled by middlemen.

Xpring has released a software development kit designed to make it easy to build on XRP and recently revealed plans to build a bridge between XRP and Ethereum that will make it easy to exchange one cryptocurrency for the other.

Through Xpring, Ripple has also allocated more than half a billion dollars to companies that support crypto and blockchain technology.

Featured Image: Shutterstock/Strahil Dimitrov

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Ripple Executive Says Bitcoin, Ethereum and XRP Represent First Wave in Deconstruction of Finance - The Daily Hodl

Ethereum saw a 12% price rise over the last day of trading as it makes its way back toward $130. The cryptocurrency managed to find support at $110 during the March 2020 cryptocurrency collapse and rebounded from here over the past 3-days.

Ethereum will still need to break beyond $135 before we can start to become positive for a recovery, however, the support at $110 does look pretty promising. It remains ranked in the second position as it holds a market cap valuation of just under $14 billion.

Ethereum Price Analysis

ETH/USD Daily CHART SHORT TERM

Taking a look at the daily chart above we can see that ETH managed to find strong support at $110 during the recent market collapse. It had dropped from above $250 toward the start of March and spiked as low as $90 during the bearish onslaught.

However, the support at $110 has been preventing the market from dropping lower all week as it ranges between here and $135. We will need to see a break of this range before judging which direction the market would like to head toward next.

Ethereum is still bearish in the short term, however, a break above the $135 resistance will help to turn the market back into a neutral trading condition.

Once the resistance at $130 is broken we can expect the first level of resistance at the upper boundary of the range at $135. Above this, resistance then lies at $140 and $150. If the buyers can continue beyond $150, resistance lies at $152 (bearish .382 Fib Retracement), $160, $171 (bearish .5 Fib Retracement), and $180.

On the other hand, the first level of support lies at $120. Beneath this, support is located at $116, $110, $102, and $100. If we break beneath $100, added support lies at $95, $92.85, $90, and $80.

Key Levels

Support: $120, $116, $110, $104, $100, $92.85, $80, $76..

Resistance: $135, $140, $150, $152, $160, $180, $190, $205, $210, $213, $220, $227.

Summary

Article Name

Ethereum Sees 12% Price Increase In Attempted Recovery - Will It Continue?

Description

Ethereum saw a 12% price hike over the past 24 hours of trading as the cryptocurrency makes an attempt at $130.This price increase is largely due to the fact that Bitcoin started to increase.

Author

Yaz Sheikh

Publisher Name

Coin Gape

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Ethereum Sees 12% Price Increase In Attempted Recovery Will It Continue? - Coingape

Source: coinmarketcap

On the 7day-weekly chart, ether started off by breaking below the crucial level of $130. The overall downtrend in the market indicated that it will be facing negative momentum in the market for a while. However, no one expected that the downfall will be so significant that ether will be facing a critical price level of $100.

Ether broke the crucial level of $100 on March 16, 2020, but suddenly had a positive push by the strong support level of $98.00. The price level reaching below $100 for ether can result in a major downfall for the cryptoasset.

Another bearish aspect for ether is continuous declining market capitalization and volume traded. During the price recovery stage at the end of February, ether was at the price level of $245. The market capitalization and volume traded were $26 billion and $24 billion respectively. However, now the market cap and 24h volume traded are $14 and $16 billion respectively.

Another fall below the price level of $100 will weaken the support level of $98.00 and the cryptoasset may plunge more this time. However, after breaking below the price mark of $110.00, ether is reviving its buying volume.

Ethereum Technical Analysis

Source: Tradingview

The technical chart indicates that the level of $130 can be a good buying opportunity for investors. Also, the fib retracement level is below 0.236 and ETH have always bounced back after touching that low level. This can be a positive sign for ether for halting the downfall.

The MACD levels also show that ether is getting buying volume after breaking below the price level of $140. The buying volume also attempted to reach the bullish zone and was successful. However, this has indicated that ether is now incapable of starting a positive movement in the market

The 24hr-RSI also avoided a negative divergence to the oversold region by reaching the mid area of the normal territory. The positive divergence might help RSI to reach the level of 60.

The 24hr-CCi has been extremely volatile in todays market. After touching the peak of the overbought region, it had a negative divergence to the normal region. However, it is still showing positive.

Resistance level: $150Support level: $130 and $127

Read more from the original source:

Ethereum (ETH) Price Analysis: ETH Bears Provided Price Damage To The Level Of $130 - The Coin Republic