Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Ethereum Price Analysis: China’s Blockchain Assault Continue, ETH Hold Steady

Geplaatst op oktober 23, 2018 door Blockchain News

Even though transacting over blockchain platforms is legal, fresh efforts by Chinese regulators and agencies to further bog down privacy is of great concern. Proposals by the Cyberspace Administration of China may be conflicting with laws. Even if they are still consulting with the public, its implementation might adversely affect price. On to the charts our last Ethereum trade plan holds since price is relative stable.

Latest Ethereum News

It’s quite absurd that China while the secondly largest economy and perhaps the largest crypto user base—before their Sep 2017 crack down and ICOs is taking such tough steps as they bend towards muffling crypto and similar activities. In a new wave of “direct” attacks on anonymity and privacy of blockchain, a new legislation would mandate market participants to register using their real names and national identity documents.

As various news sources inside China report, the Cyberspace Administration of China is currently in a public consultation and it will be catastrophic for users who prefer privacy once it goes live. That’s assuming the public endorses CAC’s proposals. If that would be the case then it would be mandatory, a legal provision for all blockchain providers to submit the real name and identities of users desirous to transact over the blockchain.

Undoubtedly, this is sending jitters through the space and as complex as it is, users are free to hold digital assets and transact over blockchain platforms as Monero and Ethereum. However, the implementations of such laws shall inevitably cloud previous stands and even inject uncertainty in an already fragile ecosystem.

Ethereum Price Analysis

Weekly Chart

Ethereum Price Analysis

 

If anything price action of the last month or so has been slack. ETH price action is still trending inside week ending Sep 9 high low. That’s aside from the tight trading range between psychological $200 and $300. As a result we have a long upper wick signaling bears in lower time frames.

Now, though ETH is up four percent in the last week, prices are yet to slide lower and past the main support line at $160 or week ending Sep 9 lows meaning our previous Ethereum trade plan is live. But, considering how price is set up, odds are we might see further losses. Notice that bulls didn’t build enough momentum to clear $300 or week ending Sep 9 losses.

Note that for bulls to be squarely in charge then we need to see strong gains above $250 and $300. Thereafter, first targets would be at $400 with stops at the lows of the bull break out candlestick. On the reverse side, losses below $200 and $170 builds the impetus for further losses towards $75.

Daily Chart

Ethereum Price Analysis

Price action of the last few days best concludes the lack of activity as price accumulate in lower time frames. From the chart, it’s clear that ETH is in range mode with minor resistance at $220.

With waning momentum and trade volumes, traders must first see strong movements before they commit their hard earned capital. Therefore, as long as this range mode continue, we recommend staying neutral until a break out in either direction prints.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post Ethereum Price Analysis: China’s Blockchain Assault Continue, ETH Hold Steady appeared first on NewsBTC.


Source: News BTC
Original Post: Ethereum Price Analysis: China’s Blockchain Assault Continue, ETH Hold Steady

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Crypto funds post $3.7B inflows as Bitcoin soars to new highs
  • Czech central bank adds Coinbase to portfolio, boosts Palantir holdings
  • BlockFi bankruptcy administrator and DOJ agree to dismiss $35M lawsuit
  • Thou shalt not shill: Fake ‘Vatican Chamber’ token presale exposed
  • NFT sales hit $2.8B in first half of 2025 as trading volumes tank

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • juli 2025
  • juni 2025
  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema