The Canadian dollar continues to push higher and USD/CAD has dropped below the symbolic 1.25 line. The pair is currently trading at 1.2476 and is close to 1.2553, its lowest level since November 10th. US Treasury rates continue to move higher. After punching past 1.80% on Tuesday, a 2-year high, the 10-year rate has climbed […]
From CTV News – link to source story🔗 – thanks to PN A China Airlines cargo jet lands at John F. Kennedy International Airport, on March 14, 2020. (Kathy Willens / AP) David Koenig, The Associated Press | January 18,…
Air India has curtailed its operations to the USA from India ahead of the 5G deployment in the US. The warnings from US aviation regulator Federal Aviation Administration (FAA) and CEOs of various US airlines about possible 5G interference with […]
John Wu, President of blockchain startup Ava Labs — which develops the software for the Avalanche ($AVAX) blockchain — made a number of interesting predictions for the crypto market in 2022. What is Avalanche ($AVAX)? Below is a brief description of Avalanche from its developer documentation: “Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain […]
Chinese local media outlets report that approximately a fifth of the country’s population, some 261 million people, have set up wallets for the country’s central bank digital currency (CBDC), the digital renminbi (RMB). The information was revealed at a press conference held by the State Council Information Office on Jan 18. The reports also mentioned […]
Engines Of Fury, an emerging blockchain-based game seeks to usher in a new dimension of crypto gaming through its unique gameplay and incredible 3D visuals. It aims to highlight the significance of traditional gaming. Play-to-earn and NFTs games have spurred blockchain gaming to rocketing levels, with future-oriented infrastructure propelling the nascent space to mainstream acceptance. [...]
Coinbase and Mastercard Partner for NFT Marketplace Purchases | Crypto.com Halted Withdrawals Over Alleged Security Breach | USDC Surpasses Tether’s USDT on the Ethereum Network
Ethereum extended decline below the $3,200 support zone against the US Dollar. ETH price remains at a risk of a sharp decline below $3,000. Ethereum extended decline below the $3,200 and $3,150 support levels. The price is trading below $3,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,120 and $3,150 resistance levels. Ethereum Price Faces Resistance Ethereum extended decline below the $3,200 support zone. ETH even broke the $3,150 support level and settled below the 100 hourly simple moving average. There was even a break below the $3,120 level. A low is formed near $3,050 and currently correcting losses. It is now approaching the $3,085 resistance. The stated level is near the 23.6% Fib retracement level of the recent drop from the $3,192 swing high to $3,050 low. The first major resistance is near the $3,120 level. There is also a major bearish trend line forming with resistance near $3,120 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent drop from the $3,192 swing high to $3,050 low. Source: ETHUSD on TradingView.com If there is an upside break above the trend line, the price could rise towards the $3,200 resistance zone. The next major resistance is near the $3,225 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,350 in the near term. More Losses in ETH? If ethereum fails to start a fresh increase above the $3,120 level, it could continue to move down. An initial support on the downside is near the $3,050 level. The first key support is now forming near the $3,000 level. A downside break below the $3,000 level might accelerate losses in the near term. The next major support for the bulls may perhaps be near the $2,880 handle. Any more losses may perhaps push the price towards the $2,750 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is still well below the 50 level. Major Support Level – $3,050 Major Resistance Level – $3,120