Ethereum (ETH) Price In Corrective Decrease: $230 Support Holds Key

ETH price climbed further higher and tested $280 before correcting lower against the US Dollar. The price started a downside correction and traded below the $270 and $260 supports. There is a major bullish trend line forming with support near $252 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $230 support area to avoid an extended downside correction. Ethereum price climbed towards the $280 level before correcting lower versus the US Dollar and bitcoin. ETH is likely to find support near the…

Bitcoin (BTC) Price Flirting With Key Support: Fresh Rise Likely

Bitcoin price corrected lower recently after trading above the $5,800 level against the US Dollar. The price declined below the $5,700 level and tested an important support near $5,580. There is a key bullish trend line forming with support near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to bounce back above $5,700 as long as it is above $5,600 and $5,540. Bitcoin price remains well supported on the downside above $5,500 against the US Dollar. BTC could start a fresh…

Facebook Partners with E-Commerce Companies to Support Crypto Payment

The Wall Street Journal has reported that Facebook is in talks with various e-commerce companies and financial firms to support its crypto payment that is under development. So far Facebook has engaged MasterCard and Visa about the project that is known as Project Libra. Crypto Payment Facebook is expected to commit $1 billion to the development of crypto payment. The company has approached various e-commerce companies to invest in its crypto payment feature and be a partner of the network. Paying via crypto will not be limited only to Facebook…

Bitcoin on the Defensive But May See Bounce at Key Price Support

Bitcoin is looking south, as per the bearish divergence of the 14-day relative strength index and other short-term technical indicators. A deeper pullback to levels below $5,000, however, would remain elusive if the 30-day moving average (MA), currently at $5,107 holds ground. That average repeatedly limited losses in March. A rebound from the 30-day MA could be followed by re-test of recent highs above $5,600. A UTC close below the 30-day MA would strengthen the short-term bearish case and expose the 50-day MA lined up at $4,649. Bitcoin’s (BTC) short-term…

Ripple to Save Millions for a Oil Company, XRP Reacts at Historical Support

Ripple (XRP) technically bullish PPTEP partnership bullish By collaborating with PPTEP of Thailand with Siam bank as a facilitator, investors can see firsthand why the platform can help industries across the board. Even so, Ripple (XRP) is ranging with strong support at 30 cents. Ripple Price Analysis Fundamentals Good news, for the general investor, is the rate at which Ripple Inc is securing partnerships. By the close of 2018, 200 banks were using RippleNet. Of those 200 financial institutions, xRapid had 13 clients. That’s a massive milestone for a service…

Crypto Exchange Poloniex Adds Support for USDT on Tron Blockchain

Major cryptocurrency exchange Poloniex will support Tether’s stablecoin USDT coin on the Tron (TRX) blockchain, according to an announcement published on April 19. United States-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT on the Tron network. The development will reportedly support Tether on both chains —  USDT issued on the Omni protocol and the Tron network. Poloniex said in the announcement that its decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support…

Bitcoin (BTC) Holding Crucial Support: Fresh Increase Likely

Bitcoin price climbed further above $5,300 before topping near the $5,330 level against the US Dollar. The price corrected lower below $5,300 and $5,255 support levels. There was a break below yesterday’s discussed ascending channel with support at $5,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is still trading nicely above the key $5,180 and $5,160 support levels. Bitcoin price corrected lower towards key supports against the US Dollar. BTC is likely to bounce back above $5,300 as long as it is trading…

Expanding crypto-to-crypto support to more countries around the world

By: Linda Xie, Coinbase Pro; Dan Coffman, Consumer Trading Introducing crypto-to-crypto conversions and trading to more countries through Coinbase and Coinbase Pro One year ago, Coinbase served customers in 32 countries across two continents. Over the past 12 months, one of our main priorities has been to bring Coinbase services to people in all corners of the globe. Today we’re excited to welcome 11 more countries across Latin America and Southeast Asia to the cryptoeconomy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com — increasing…

Ethereum Price Analysis: ETH Bulls Battling Near Key Support

ETH price corrected lower recently after trading close to the $140 resistance against the US Dollar. The price tested the key $137 support level, which was a resistance earlier. There is a new connecting bullish trend line formed with support above $135 on the hourly chart of ETH/USD (data feed via Kraken). Bulls are currently battling near the $137 support as the price remains in a bullish zone. Ethereum price is consolidating above key supports against the US Dollar and bitcoin. ETH could pump higher once it clears the $139…

Bitcoin Again Rebounds From Strong Price Support

View Bitcoin has again created a higher low along the 30-day moving average line, neutralizing Monday’s bearish close below $3,920. A move above $4,055 (March 21 high) is still needed to revive the short-term bullish setup. That could be followed by a rally to resistance levels lined up at $4,190–$4,236. A UTC close below the 30-day moving average, currently at $3,889, would put the bears in a commanding position, opening the doors for a drop to support levels at $3,775 (March 14 low) and $3,658 (Feb. 27 low). Bitcoin (BTC)…