Ethereum (ETH) Price Analysis – February 22

  • The crypto's price will rise, if we have more buyers than sellers at the $150 price level.
  • The price of Ethereum is in a bullish momentum in the short and medium-term trend.

Ethereum, ETHUSDEthereum Chart By Trading View

ETHUSD Medium-term Trend: Ranging

  • Resistance Levels: $230, $240, $250
  • Support Levels: $140, $130, $120   

The price of Ethereum is in a sideways trend after price broke the bullish trend line. The previous bullish trend has been terminated for 5 days. The bulls are yet to break the $150 price level as the crypto's price continue to range below the resistance level. Yesterday, the crypto's price was resisted at $148.30.

Today, the bulls are making another attempt at the resistance level. The scenario will not change except there is price breakout. Nevertheless, the crypto's price is in the bullish trend zone which indicates that price will rise. On the upside, if we have more buyers than sellers at the $150 price level, the bulls will push price upward.

In other words, the $150 price level will be broken. Meanwhile, the stochastic band is in the overbought region and above the 80% range which indicates that the price is in a strong bullish momentum and a buy 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. Yesterday, the bulls were resisted and the bears broke the 12-day EMA and continue the range bound movement. However, today the bulls have broken above the EMAs and were attempting to break the resistance level.

The crypto's price is still above the EMAs which indicates that the price is in the bullish trend zone.The stochastic is out of the overbought region but above the 40% range which 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.