Tag Archives: ETH

Ethereum Price Analysis Nov-2020

This Price Analysis has two main factors:-

  1. As the demand for more decentralized services continues to grow, Ethereum will benefit from the success of the altcoins which are run on its platform.
  2. Paypal increased buying capacity from $10K to $15k after having a huge demand, it is 2-3 times more of what they expected. There are 346 million active PayPal accounts worldwide.

Ethereum is currently at $406.10
Stay Long Above $350
Target: $500 in 1-2 Months.

Bullish trend to continue over the next five years.

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot (online) wallet to an unknown wallet. Continue reading Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher

This past week, Ethereum price struggled on many occasions to clear the $172 resistance against the US Dollar. However, the recent sharp rise in bitcoin price above the $7,000 level triggered an upside break. The ETH/USD pair broke the $172 and $178 resistance levels to move into a positive zone. The upward move was strong since the price even surged above the $190 level and settled well above the 100 simple moving average (4-hours). The bulls pushed the price above the $200 level and a new monthly high was formed near the $206 level. Continue reading Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher