Ethereum bullish momentum loses steam marginally above $470, trend turns strongly bearish. “We want to provide our users with an instant and secure way to store and exchange ETH”¦,” says MyEtherWallet CEO. Ethereum has breached the trendline resistance, although it is still range-bound below $480. There was a spike during the Asian trading hours on Tuesday opening the door for retracement past the resistance at $460 (38.2% Fibo). However, the bullish movement has lost momentum slightly above $470. The trend is strongly bearish at the time of press, but the charts show a 4% jump in price on the day. The price is dancing with the 50% Fib retracement level with last swing high of $508.25 and a swing low of $431.82 at $470. Moreover, the Relative Strength Index (RSI) has turned direction south to show that the selling pressure is kicking in. The immediate resistance is at $471 while the key supply zone is at $480. A break above the supply zone will allow the buyers to gain momentum towards the coveted $500. In the meantime, both the 100 SMA and the 50 SMA on the 1-hour timeframe chart will provide support at $463.22 and $460.45 respectively. In other news, MyEtherWallet has launched MEWConnect; a beta iOS app that will allow the users to have access MyEtherWallet using their phones. The good news is that access is now possible without having to enter the private key. The application is available in a limited beta version on Apple’s iOS. Consequently, users can expect the launch of the full version in September 2018. The CEO of MyEtherWallet, Kosala Hemachandra said via a press release: “We want to provide our users with an instant and secure way to store and exchange ETH and at the same time facilitate wider cryptocurrency adoption. We believe MEWconnect is that missing link the community has been looking for.” He added, “Our goal is to empower cryptocurrency users to interact directly with the blockchain, while still remaining in full control of their private keys and funds.” ETH/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Litecoin price analysis: LTC/USD retreats from $90.00, but bulls will be back FX Street 5 years Ethereum bullish momentum loses steam marginally above $470, trend turns strongly bearish. "We want to provide our users with an instant and secure way to store and exchange ETH"¦," says MyEtherWallet CEO. Ethereum has breached the trendline resistance, although it is still range-bound below $480. There was a spike during the Asian trading hours on Tuesday opening the door for retracement past the resistance at $460 (38.2% Fibo). However, the bullish movement has lost momentum slightly above $470. The trend is strongly bearish at the time of press, but the charts show a 4% jump in price on the day.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
