Ethereum (ETH) Long-term Price Analysis –– March 30

  • Neither the bulls nor the bears have been able to push Ethereum’s price over its current range as they lack the strength to do so.
  • While the bulls look unable to do so on the long run, some opportunities may come for the bears to take ETH down to the $110 accumulation territory.

ETHUSD Long-term Trend – Ranging

  • Distribution territories: $170, $190, $210
  • Accumulation territories: $110, $90, $70

Ethereum has been trading within a specific range for nearly a month now, around the $140 mark. The time the cryptocurrency made a notably short move over it was on March 16, although its SMAs are still located around it.

Ethereum, ETHUSDEthereum Chart by TradingView

Looking at the cryptocurrency we can see it’s trading within a specific range, between the $140 and $120 marks. The Stochastic Oscillators are currently pointing north at range 40.

Neither the bulls nor the bears have been able to push Ethereum’s price over its current range as they lack the strength to do so. While the bulls look unable to do so on the long run, some opportunities may come for the bears to take ETH down to the $110 accumulation territory.

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

Decentralized Exchange Kyber Network Adds Fiat-to-Crypto Support

Michael LaVere
  • Kyber Network DEX announces support for ETH purchases using fiat.
  • Clients can use the exchange's website or iOS and Android mobile applications. 

Decentralized cryptocurrency exchange (DEX) Kyber Network has announced support for a new fiat-to-crypto gateway that will allow users to directly purchase Ethereum's ether. 

Fiat to Ether DEX Support

According to the announcement, Kyber Network has become the first DEX to support the direct purchasing of ether using fiat. The release claims that clients can use either debit or credit cards in the purchase of ETH, in addition to instituting a low minimum purchase of 15 EUR per transaction. 

Support for the new feature comes after KyberSwap’s recent partnership with Coindirect.com, a third-party service backed by MakerDAO which allows for the purchase of crypto via fiat. Kyber Network says they were prompted to implement crypto for fiat purchases as a way for new users to have easier access to ether,

“Everyone needs to first buy Ether (ETH) from somewhere, whether to trade or to use DeFi (decentralized finance) applications...Generally the first step is the hardest, but it’s even harder when it comes to buying cryptocurrency.”

The new gateway will be available through the DEX’s official website in addition to the iOS and Android mobile applications.

 

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