Ethereum Weekly Forecast: The DeFi rocket ship is upon us
Ethereum has in the last couple of days proved that it is no longer a sleeping giant. From last week’s support at $228, ETH/USD hit new July highs above $280. As the upward trend is renewed, investors are looking towards $300 in the near term as discussed in the price prediction on Friday. Read more …
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Tezos Price Analysis: XTZ/USD loses 2% in a matter of minutes, tests $3.00
Tezos (XTZ) hit the intraday high at $3.23 and retreated to the psychological of $3.00. The coin has lost over 2% in a matter of minutes, but the bullish momentum slowed down on approach to the strong support reinforced by 200-hour SMA. Once it is broken, the previous channel support at $2.90 will come into focus. The next critical barrier is created by a combination of 50-day and 100-day SMA at $2.70. This area may slow down the bears and create a pre-condition for another bullish wave. Read more …
