Look Who it Was Random video

Ethereum Hits Ichimoku Resistance as Rival Raises $61 Million - NEWSBTC 02/08/2018

335 views · Published 8 February 2018 · 2:04 · Indexed 14 November 2026

Channel: NEWSBTC · 2018 · People & Blogs

Watch on YouTube

It’s https://www.investdiva.com/ ‘s Kiana with NewsBTC and here is your cryptocurrency update. Ethereum was mostly having a good day on Wednesday, hiking up to the $860 level right below the daily Ichimoku cloud. However, it seems the bullish sentiment wasn’t strong enough for it to break through the cloud. A brand new bearish sentiment started towards the end of Wednesday’s trading day and has continued to the time of filming. After last week’s bloodbath, it could take the cryptocurrencies a while to regain their bullish momentum back, so these types of behavior aren’t that surprising. ETH/USD is supported by the pivot level and 61% Fibonacci retracement level of $678, and we could see a period of consolidation between the two levels before the next major moves. In the meantime, Dfinity, a new product that rivals Ethereum, just raised $61 million by well-respected investors Andreesen Horowitz and Polychain Capital. In other news, Ethereum’s co-founder Vitalik Buterin donated $2.4 million in Ether to an Anti-aging research foundation. Vitalik is the one who threatened to leave Ethereum right before the New Year, saying he’s fed up with the immaturity of the digital currency crowd. Now he’s staying true to his word by attempting to make a difference through his cryptocurrency fortune. Now it’s up to the market players to take the news and decide on their next moves when it comes to Ethereum. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

More from this channel