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Numerous Rejections for Ethereum at $2,683 Resistance Level
Ethereum has traded below a resistance zone between $2,683 and $2,863 throughout the month of August. There have been numerous rejections at $2,863 and ETH is struggling to climb up higher here. There is a lot of FUD surrounding the Mt. Gox payouts. Today’s news is that there was a test transaction made for the […]Read More
Bitcoin’s Support Level Now Acting as Resistance
Yesterday Bitcoin lost support at $58.4k, and dropped as low as $56.1k. There has been a short-term rebound, and Bitcoin is already back to the $58.4k level again. However, support is lost and now $58.4k is acting as resistance. This is not good for Bitcoin bulls, and Bitcoin is at risk of dropping here. I […]Read More
Ethereum Outflows Return as ETH Tries to Break Resistance
Grayscale ETF holders continue to apply sell pressure to the Ethereum. There was only one day, August 12, where Grayscale ETF did not have net outflows. I was hoping the selling would stop, but there have been net outflows on Aug 13 and Aug 14. Ethereum continues to trade below a resistance level, and needs […]Read More