Ethereum (ETH) Trading Sideways While Bitcoin Trimming Gains

Ethereum price is currently struggling to climb above $178 and $180 against the US Dollar. Bitcoin price is declining and it seems like it failed to stay above $8,220 and $8,200. There is a short term bullish trend line forming with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover to $180 as long as there is no close below the $170 support area. Ethereum price is showing a few bearish signs versus the US Dollar, while bitcoin is declining. ETH price…

Ethereum (ETH) Could Recover To $180, Bitcoin Up 5%

Ethereum price is currently correcting higher and is trading above $172 against the US Dollar. Bitcoin price is up more than 4% and it broke the key $8,200 resistance area. There was a break above a key bearish trend line with resistance near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover further towards the $180 level, which is a major hurdle for the bulls. Ethereum price is slowly climbing higher versus the US Dollar, while bitcoin is up 5%. However, ETH price is…

Ethereum Name Service Adds Multicoin Support

Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature. According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets. Ongoing implementation It is noted that ENS’s user interface currently only supports Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses — and not all of the encodings. Still, the post promises that its functionality will be…

Ethereum (ETH) Rebound Faces Major Hurdle Near $180

Ethereum price is currently correcting higher, but it is facing a strong resistance near $180 against the US Dollar. Bitcoin price is up more than 1.5%, but it is also facing resistance $8,120 and $8,200. This week’s followed major bearish trend line was breached with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken). The pair is clearly facing a strong resistance near the $180 level and the 100 hourly SMA. Ethereum price is currently recovering higher versus the US Dollar, similar to bitcoin. However, ETH…

Ethereum (ETH) Dives To $170, Is $160 Next Bear Target?

Ethereum price extended its decline and broke the $175 support area against the US Dollar. Bitcoin price is also down more than 3% and it broke the $8,000 support area. Yesterday’s highlighted key bearish trend line is intact with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a bearish zone and it could face resistance near $175 and $180 in the near term. Ethereum price is under selling pressure versus the US Dollar, similar to bitcoin. ETH price remains at a…

Ethereum (ETH) At Risk Of More Downsides Below $175

Ethereum price struggled to climb above the $185 resistance and declined recently against the US Dollar. Bitcoin price is also facing selling interest and it is now trading below the $8,200 support area. There is a new connecting bearish trend line forming with resistance near $181 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below $175 as long as it is trading below the $185 resistance. Ethereum price is struggling to climb higher versus the US Dollar, similar to bitcoin. Therefore,…

WATCH: MyCrypto CEO Taylor Monahan on Crypto Adoption and Ethereum

At Devcon 5 last week, CoinDesk’s Leigh Cuen sat down with MyCrypto CEO Taylor Monahan to chat about user adoption and the state of ethereum. Founded in 2015, MyCrypto makes the blockchain more accessible through customer-first products for ethereum and ERC-20 tokens. As Monahan told CoinDesk, MyCrypto focuses on the customer experience: “People are used to the Googles and the Facebooks and you type in your username and your password and if you forget it like they’ll recover it for you and everything’s fine. And then they enter crypto and…

Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action. Last week’s move from $7,800 to $8,850 will have further entranced investors, and the hope of breaking above $10,000 may have distracted some traders from noticing the awakening that has occurred with many altcoins.  Daily crypto market data. Source: Coin360 As reported by Cointelegraph, a growing number of altcoins have posted impressive gains as Bitcoin consolidates and it appears the trend is set to continue. For…

Ethereum (ETH) Breaks Range Resistance But Bitcoin Still Struggling

Ethereum price climbed above the key $185 resistance area against the US Dollar. Bitcoin price is still struggling to recover and is facing a strong resistance near $8,400. There was a break above a major bearish trend line with resistance near $183 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating above $185 and it could rise towards $192 or $195. Ethereum price is showing positive signs versus the US Dollar and bitcoin. ETH price must stay above $185 to continue higher in the…

Ethereum Smart Contract interaction out of the coldest of storage

By Max Blaushild, security engineer, Coinbase Custody (This blog post reflects a talk that Max Blaushild gave at Devcon 5 in Osaka, Japan) At Coinbase Custody, security is our top priority. The strength of our battle-tested cold storage solution is why more customers choose us to hold their funds than any other custodian on the planet. We use friction as a feature, introducing obstacles such as offline storage, single use addresses and human validation that make it extremely difficult for attackers to steal our customers’ funds. This friendly friction comes…