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Protects – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Thu, 22 Sep 2022 20:42:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png Protects – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Ethereum Protects $1,200 with Blood, Will This Region Hold? https://cryptocurrencypanther.com/2022/09/22/ethereum-protects-1200-with-blood-will-this-region-hold/ https://cryptocurrencypanther.com/2022/09/22/ethereum-protects-1200-with-blood-will-this-region-hold/#respond Thu, 22 Sep 2022 20:42:32 +0000 https://cryptocurrencypanther.com/2022/09/22/ethereum-protects-1200-with-blood-will-this-region-hold/

  • ETH price holds above $1,200 as bulls don’t want to let go of a price below key support 
  • Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. 
  • ETH price bounced on the four-hourly chart after a bullish divergence appeared.

The price of Ethereum (ETH) has shown less bullish sentiment after its much anticipated “Ethereum Merge.” Ethereum saw its price plummet against tether (USDT) following the Federal Open Market Committee news (FOMC). The Federal Reserve raised its target interest rate by 75 bps, negatively affecting the price of ETH. (Data from Binance)

Ethereum (ETH) Price Analysis On The Weekly Chart 

The price of ETH continues to struggle to keep its head afloat after seeing the weekly candle closing bearish, with the new week looking more bearish ahead of the expected FOMC meeting. 

ETH price tried showing some relief bounce ahead of the new week as price moved to a region of $1,370, but this bounce was cut short as the news of an increased rate hike harmed the price seeing the price of ETH to a weekly low of $1,250 before bouncing off that region as price reclaimed $1,300. 

The price of ETH needs to move to a high of $1,500 to remain safe from falling lower to its crucial support. If the price of ETH continues with this structure, we could see the price of ETH breaking the support of $1,200 and going lower to a region of $1,024, where there is more demand for ETH price.

The price of ETH is currently faced with resistance to breaking above $1,324; If ETH fails to break and hold above this support zone, we could see the price going lower to its $1,200 key support and lower if this support fails to hold off sell orders. 

Weekly resistance for the price of ETH – $1,324.

Weekly support for the price of ETH – $1,200.

Price Analysis Of ETH On The Four-Hourly (4H) Chart

Four-Hourly ETH Price Chart | Source: ETHUSDT On Tradingview.com

The 4H timeframe for ETH prices continues to move in range as price retested a low of $1,250; the price of ETH bounced from this region after forming a bullish divergence as price rallied to a high of $1,320 before facing resistance to breaking higher. 

The price of ETH needs to reclaim $1,400 for a chance to trend higher.

On the 4H timeframe, the price of ETH is currently trading at $1,310, just below the 50 and 200 Exponential Moving Average (EMA), acting as resistance for ETH price. The price of $1,400 and $1,540 corresponds to the resistance at 50 and 200 EMA for the price of ETH. The price of ETH needs to reclaim 50 EMA for a chance to trend to $1,500.

The Relative Strength Index of ETH is below 50, indicating fewer buy orders.

Four-hourly resistance for the ETH price – $1,400.

Four-hourly support for the ETH price – $1,200.

Featured Image From Istock, Charts From Tradingview



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]]> https://cryptocurrencypanther.com/2022/09/22/ethereum-protects-1200-with-blood-will-this-region-hold/feed/ 0 New Crypto Security Solution Protects Bitcoin, Other Digital Assets From Theft https://cryptocurrencypanther.com/2022/02/27/new-crypto-security-solution-protects-bitcoin-other-digital-assets-from-theft/ https://cryptocurrencypanther.com/2022/02/27/new-crypto-security-solution-protects-bitcoin-other-digital-assets-from-theft/#respond Sun, 27 Feb 2022 17:14:53 +0000 https://cryptocurrencypanther.com/2022/02/27/new-crypto-security-solution-protects-bitcoin-other-digital-assets-from-theft/

When people evaluate the unpredictability of the cryptocurrency market, they can see why crypto security is so important.

Online crypto wallets and exchanges have been hacked in large numbers in the last 24 months.

“The value of cryptocurrency taken from victims climbed by 82% to $7.8 billion in 2021,” Chainalysis’ most recent Bitcoin Crime Report shows.

Bitcoin, Ethereum, and other cryptocurrencies are increasing in value, and these findings demonstrate that cryptocurrencies operate in a chaotic environment that the traditional financial system ignores or refuses to recognize.

Crypto Shield: For Crypto Security

Because cryptocurrencies lack regulation, they cannot be insured by the Federal Deposit Insurance Corporation (FDIC) like regular bank deposits.

Boost Insurance and its InsurTech partner Breach Insurance have introduced Crypto Shield, a cryptocurrency insurance solution.

According to ZDNet, the service would be used whenever cryptocurrencies are stored through exchanges such as Coinbase or Binance in the United States and other countries.

Total crypto market cap at $1.734 trillion in the daily chart | Source: TradingView.com

Related Article | A Crypto War Is Raging – Crypto Donations Fuel Russia-Ukraine War

Retail wallet owners may use Crypto Shield to protect their bitcoin against theft. People who Crypto Shield insures may be compensated for the value of their coverage if the custodian is hacked or falls victim to a social engineering attack, leading to the loss of assets.

Crypto Shield, which became online on February 15, is primarily concerned with bitcoin theft and crypto security. Shield protects 20 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Tether, Solana, Dogecoin, and stablecoins.

Bitcoin & Ether Latest Price Movement

This week has started slowly for major cryptocurrencies. As February ends, both Bitcoin and Ethereum show negative patterns.

Bitcoin is now valued at $39,398.04, with highs of $39,537.5 and lows of $35,000 for the month. It has increased in value by roughly 0.60% since February 26 and is now unstable.

While Ethereum is presently trading at $2,800.62 as of this writing, it has only increased 1.55% in the last 24 hours. It has a recurrent low of $2,681.79 and a recurrent high of $2,855.22.

Both cryptos have lower return yields than two months ago, which is due to theft-related issues and the Ukraine-Russian war in the crypto-market. Bullish tendencies are still probable as the year progresses.

Breach And Boost Collaborate On Security

Meanwhile, Boost and Breach collaborated to find and gain reinsurance coverage from Relm Insurance, assuring organizations’ participation in the cryptocurrency ecosystem.

“My team and I are thrilled to join forces with Breach’s concept for the first crypto-insurance for retail wallet holders,” Alex Maffeo, CEO and Founder of Boost, said.

“Our objective is not simply to make insurance more simple and accessible for end-users, but also to aid creative businesses like Breach in developing new insurance products for neglected areas,” Maffeo said.

Related Article | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks

Featured image from Changelly, chart from TradingView.com



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