Ethereum Classic (ETC) Prices Again Climbed Back To The Level Of $7.00
Ethereum Classic ETC is trading mostly with a heavy and strong bullish momentum in the prices as it is about to acquire the level of $7.00.
This will be the second time when prices made their move to cross the major hurdle of $7.00.
If Ethereum Classic ETC prices manage to acquire this current resistance level then the bullish pattern will emerge of a medium time period.
There will be an excellent midterm bullish breakout for the ETC prices which will make them reach their recent high.
ETC price managed to acquire this strong bullish pattern due to the price level of $6.62 in today’s trading session.
This price level was the key reason that prices are still surging up to cross the level of $7.00 and now if they keep on trying this, they will be able to maintain a gradual climb too.
ETC’s market capitalization is $808,589,129 with volume traded of $2,105,876,000 and circulating supply of 116,313,299.
In the technical chart, prices took a strong rise due to the price level of $6.62 as this puts a halt on the flat trend in the prices.
Currently, prices are trading above the price level of 7.00, and chances are it can acquire this price level soon.
The technical Indicators and oscillators are completely inside the positive trade’s dominance as they are indicating buying trade-in Ethereum Classic ETC.
The MACD level shows that there is an increase in the buying volume of the crypto asset and soon it will be over the selling volume.
RSI is significantly moving towards the crucial level of 80 as they are acquiring heavy bullish momentum.
The 24hr-CCI took a strong rise from the top normal region, it climbed the highest point possible in the over buying region.
Resistance Level: $ 7.00
Support Level: $ 6.50
Author: By Ayush Malviya
Ethereum projects have received nearly $25 million in grant money to date
More than 150 Ethereum projects have received nearly $25 million in total grant money to date.
The Ethereum Foundation is the biggest donor, awarding over $21 million of the total amount, according to a study by The Block’s Steven Zheng. The foundation is followed by the Ethereum Community Fund, Aragon Foundation, ConsenSys and Protocol Labs.
The Ethereum Foundation leads the pack not only in terms of the total dollar value of grants, but also in terms of the number of grants. The foundation has given out a total of 94 grants to date.
Projects that have received the highest amount of grant funding to date are Parity Technologies, Starkware, Prysmatic Labs, L4 Research, and Status. The most funded category is Ethereum scaling initiatives, including as ETH 2.0 or ETH 1.x.
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© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Author: Yogita Khatri
Ethereum Price Analysis: Will ETH/USD target $250?
Ethereum (ETH/USD) rose sharply on Wednesday and climbed above the critical $200 handle for the first time since early March. Although the pair retreated from the near-term top it set at $227, it didn’t have a difficult time staying above $200. As of writing, the pair was little changed on a daily basis at $211.50.
The pair continues to trade comfortably above the 20, 50, 100 and 200-day SMA. Moreover, the 20-day SMA and the 100-day SMA seem to be on their way to make a bullish cross to confirm the near-term bullish outlook. On the other hand, during Wednesday’s upsurge, the RSI indicator on the daily chart climbed above the 70 handle to turn overbought but pulled back following Thursday’s correction.
Even if the pair stages a deep technical correction, buyers are likely to remain in control as long as the pair doesn’t make a daily close below the 100-day SMA, which is now located at $190. Ahead of this level, $200 (psychological level) could act as interim support as well.
On the upside, $227 (Apr. 30 high) could be seen as the first hurdle before $240 (static resistance) and $250 (March 7 high).
Author: FX Street