ETH Starts Downside Correction While Latest Report Shows Ripple Sold $76 Million in XRP in 4Q of 2020 | CryptoGazette

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


This past week, both Bitcoin (BTC) and Ethereum (ETH) registered a continual increase above the $36,000 and $1,500, respectively, against the US Dollar. ETH changed hands to a new record-high near $1,750 before it encountered a strong selling interest.

The price started a downside correction and changed hands below the $1,700 line, trading below the 23.6 percent Fib retracement level of the upward move from the $1,275 swing low to $1,750 high. We also saw a break below a significant contracting triangle with support close to the $1,660 line on the 4-hour chart of the ETH/USD pair.

Fresh Increase in Ether (ETH)?

The price is changing hands below the $1,650 mark, but it is well above the 100 simple moving average on the 4-hour chart. The next significant support is close to the $1,500 level, with the 50 percent Fib retracement level of the upward move from the $1,275 swing low to $1,750 high, also being near the $1,512 line.

Any more losses could trigger a steady decline towards the $1,440 support line, with the 100 simple moving average on the 4-hour chart also being near $1,440 to act as a reliable support.

If ETH remains stable above the $1,500 line, it could end up triggering a fresh increase. An initial resistance on the upside is close to $1,700, which was the recent breakdown zone. The next major resistance is close to the $1,750 level. A clear break above the $1,700 and $1,750 resistance marks could allow for a strong increase. If such, the price could rise above the $1,800 and $1,850 levels soon.

Meanwhile, XRP Sold $76 Million in XRP in 4Q of 2020

In the meantime, in the latest crypto market report concerning XRP that was released on Friday, the San Francisco-based startup Ripple unveils that it sold a net of $76.27 million worth of XRP in the fourth quarter of last year or more than double its net XRP sales of $35.84 in the third quarter.

Ripple says it focused on OTC (over-the-counter) sales and leases to deliver more liquidity to its ODL clients. The company also used to sell XRP programmatically, but it ceased sales on crypto exchanges for over a year now.

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close