Ethereum Price Holding Key Support: ETH, BTC Down 10% From Highs

ETH price failed to hold gains above the $310 level and recently declined heavily against the US Dollar. The price declined below the main $300 and $295 support levels to enter a bearish zone. There was a downside break below a contracting triangle with support at $308 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading above the next major support near the $280 level. Ethereum price declined sharply below the $300 support versus the US Dollar, along with bitcoin. ETH price could recover…

IOTA Bulls May Dominate And Drive Prices To Q2 2019 Highs

IOTA bouncing from Q1 2019 peaks Azimuth, Coordicide, and release of Trinity bullish for IOTA From Azimuth to Coordicide and the recent rollout of Trinity, IOTA is readying for a machine economy. As a leading IoT platform, fundamentals are bullish. Therefore, despite weakness, odds of price recovering are high. IOTA Price Analysis Fundamentals In an automated data-driven future, there is no room for error. As a result,  IOTA is prepared and laying the framework, the necessary foundation for a secure network. Critics were slamming IOTA for their blockless, Proof-of-Work dependent…

Bitcoin Price Rally Stalls as Open Futures Hit Record Highs

View The bitcoin price rally seems to have stalled near $9,300 with the price-volume analysis suggesting scope for a minor pullback to $9,000-$8,700. Record open interest in bitcoin futures listed on the Chicago Mercantile Exchange indicates a surge in institutional interest. So, pullbacks, if any, will likely be short-lived. The long-term technical charts indicate scope for a rally to $10,000 and above. Bitcoin (BTC) is struggling to find acceptance above $9,300 even as futures listed on the Chicago Mercantile Exchange (CME) are witnessing record open bets. The top cryptocurrency by…