Ethereum (ETH) Price Analysis – February 15

  • The bulls have not been able to break the resistance level at $130 since January 10.
  • The crypto’s price is likely to rise if the price is sustained above the EMAs and the bulls break the $130 resistance level.

Ethereum, ETHUSDEthereum Chart By Trading View

ETHUSD Medium-term Trend: Ranging

  • Resistance Levels: $230, $240, $250
  • Support Levels: $100, $90, $80

The price of Ethereum is in a bullish trend zone. The ETH price is trading above the EMAs at the price of $124.60 as at the time of writing. On February 8 and 10, the bulls reached a high of $128.16 but were resisted at the price of $130.46. The bulls have not been able to break the resistance level at $130 since January 10.

This was the support level the bears broke which is now a resistance level for the bulls. From the daily chart, the ETH price is ranging below the $130 price level because of the resistance. On the upside, the crypto’s price is likely to rise if the price is sustained above the EMAs and the bulls break the $130 resistance level.

On the downside, it is not likely the bears will break below the EMAs. If it does the crypto will resume its downward trend. Meanwhile, the stochastic band is out of the overbought region but below the 80% range which indicates that price is in a bearish momentum and a sell signal.

ETHUSD Short-term Trend: Ranging

Ethereum, ETHUSDEthereum Chart By Trading View

On the 4-hour chart, the price of Ethereum is in a sideways trend. The crypto’s price had been ranging above the 12-day EMA and the 26-day EMA. If the bears break below the EMAs, the crypto’s price will fall into the bearish trend zone. This will signal the resumption of a downward trend.

On the upside, the crypto's price is likely to rise, but the bulls will face resistance at the $130 price level. The stochastic is out of the oversold region but above the 20% rang .This indicates that the price is in a bullish momentum and a buy signal.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.