Subscribe
January 23, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Understanding Bitcoin BIPs: How Changes Are Proposed Bitcoin’s Future: Mining After the Final Coin Is Mined Bitcoin’s Growing Appeal in Monetary Turmoil How Bitcoin Nodes Independently Verify All Activity How Secure Is Bitcoin? The Crucial Role of Private Keys

Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout

Ethereum price weekly analysis: eth preparing for larger breakout

Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout

  • ETH price continues to face a strong resistance just below the $140 level against the US Dollar.
  • The price dipped sharply recently, but it recovered above the $134 support level.
  • There is a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair remains supported on dips and it could still break the $140 resistance area in the near term.

Ethereum price is facing many hurdles versus the US Dollar and bitcoin. ETH/USD’s recent decline was brought back and it seems like buyers could be preparing for a larger rally.

Ethereum Price Analysis

This past week, there were mostly swing moves within a range below the $140 resistance in ETH price against the US Dollar. The ETH/USD pair made many attempts to clear the $140 resistance area, but it failed to gain pace. Recently, there was a sharp bearish reaction below the $134 support level. The price declined heavily and broke the $132 support along with the 100 simple moving average (4-hours). However, the price found a strong support near the $130 level and later bounced back sharply.

It climbed above the $134 support and the 100 simple moving average (4-hours). It even traded above the $136 level, but sellers protected the $138 level. The price is currently ranging below the $138 and $140 resistance levels. It broke the 23.6% Fib retracement level of the last wave from the $130 low to $138 high. However, there are many supports near the $134 level and the 100 simple moving average (4-hours).

There is also a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD. The 50% Fib retracement level of the last wave from the $130 low to $138 high is also near the $134 level to act as a solid support. Therefore, there are many supports near the $134 and $132 levels. On the upside, the price has to clear the $138 and $140 resistance levels to climb further higher.

Ethereum price weekly analysis eth chart

The above chart indicates that ETH price is placed nicely above the $132 and $134 supports levels. Having said that, a break above the $140 barrier won’t be easy. If buyers remain in action for a long time, they could sight a larger rally above the $140 resistance. In the mentioned case, the price may surge above the $145 and $150 resistance levels in the coming days.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is about to move back in the bullish zone.

4 hours RSI – The RSI for ETH/USD is currently flat, but it is placed nicely above the 50 level.

Major Support Level – $132

Major Resistance Level – $140

Published at Sun, 10 Mar 2019 04:08:16 +0000

Previous Article

Andrew Yang’s Crazy UBI Plan: Give Lazy Freeloaders $12,000 Every Year for Doing Nothing

 Next Article

China is Now Ahead of the U.S in Blockchain Technology

You might be interested in …

BitDice: Not Gambling On Fairness

BitDice is looking to “prove the fairness” in crypto-gambling as the Blockchain gambling platform differentiates itself from the competition who are being questioned about their own fairness in results.

[Note: This is a press release.]

By diversifying their technology, and even opening themselves up to the use of fiat currencies, BitDice will meld the cryptocurrency betting world, which already makes up roughly five percent of the entire online gambling industry, with fiat gambling by alleviating fears of the “Black Box” phenomenon.

Beyond a Single Technology 

Besides allowing the user to choose if they want to play with fiat currency or digital, BitDice is even offering players the choice in technology. In other crypto-gambling platforms, the single technology is essentially a clone of a simple dice game that is run on the Ethereum network and its smart contracts – this comes with its limitations.

The Smart Contracts can be cumbersome, especially in a gambling environment, as the speed and transaction fees can infuriate and frustrate players. Ethereum networks impose higher latency speed for validating wager results and on top of that comes a transaction fee a user must pay with each wager.

By diversifying its technology, BitDice can run its games free of charge on the server with publicly observable and provably fair algorithms that include different types of cryptocurrencies and are capable of processing up to 20 wagers a client per second.

Providing Absolute Fairness

Of course, when gambling online, the biggest fear is that the games are rigged, and there is no fairness involved. This is especially an issue with crypto-gambling as the Random Number Generation (RNG) algorithm cannot be invoked within the Blockchain.

It leads to outsourcing to other parties, which in themselves, are also outsourcing, which clearly leaves plenty of gaps for tinkering with results. Each layer of data transmission can be intruded upon an affected to the benefit of the casino.

This is where BitDice has stepped up the game by successfully implemented the “provably fairness” concept that serves its purpose and eliminates risks of cheating without outreaching any third-party provider.

A client-seed, generated and known by the user, is linked with the server-seed to create an unhackable random outcome which can be verified immediately after the bet is made, but cannot be known in advance by any party.

Standing Out From the Crowd

Traditional casinos, of course, have their limitations, as do Smart Contract casinos, but BitDice has addressed many of these shortcomings in order to put themselves head and shoulders above the competition.text

BitDice Chart

Yes1 – One should apply a top-skill technical expertise to understand and interpret the code of the smart-contract. Smart-contracts can be easily twisted without being noticed by an average user.

No2 – To accommodate high-roller players the funds shall be readily available and kept in hot wallets (online), which is a very insecure way of holding crypto assets. Last examples – Edgeless and Dao.Casino wallets were drained because of mistakes in the code.

Website: https://ico.bitdice.me
Email: contact@bitdice.me

Images courtesy of BitDice, AdobeStock

The post BitDice: Not Gambling On Fairness appeared first on Bitcoinist.com.

Close Menu