Ethereum Price Prediction: ETH/USD Strengthens its Uptrend; May Rally Above $270

ETH Price Prediction – July 22

The Ethereum (ETH) has responded to Bitcoin’s recent price escalation above $9,500.

ETH/USD Market

Key Levels:

Resistance levels: $280, $285, $290

Support levels: $240, $235, $230

ETHUSD – Daily Chart

ETH/USD has been consolidating within the ascending channel for the past few days. For now, the Ethereum (ETH) is currently trading at $263.90 above the 9-day and 21-day moving averages at the time of writing. More so, at the opening of the market today, the daily chart shows that the price first dipped $245, where it met a $239.95 support level.

However, in the last few minutes, ETH/USD buyers have retained control of the market. Although, yesterday’s trading has been a resounding victory for the bulls as Ethereum’s price jumped up from $263 to $245, breaking above the moving averages in the process. The daily breakdown shows us that ETH/USD is following an uptrend … Read more

Royal Bank of Scotland changes name to NatWest

Banking group to remain headquartered in Edinburgh, but drops Scotland from title

Royal Bank of Scotland has formally changed its name to NatWest Group on Wednesday, removing Scotland from the name of the lender’s parent company for the first time since it was founded in Edinburgh in 1727.

The banking group remains headquartered in the city, and the name change will not affect RBS bank branches, most of which are in Scotland, or Ulster Bank locations in Northern Ireland.

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CoinGecko Highlights Discrepancies in Exchanges’ Traffic Volumes

Cryptocurrency exchanges have faced a significant amount of criticism for artificially inflating metrics on their websites. A new report argues that cryptocurrency exchanges might also be tweaking their visitor counts.

Exchanges are Inflating Adjusted Web Traffic

Crypto analysis firm CoinGecko released a bombshell report recently, claiming that several crypto exchanges have been inflating the number of visitors to their platforms. The report particularly highlights irregularities in the metrics posted on OKEx, which it claimed saw a 239 percent jump in website traffic in the second quarter of the year despite posting lower trading volumes.

CoinGecko explained that this discrepancy particularly caught its eye. After all, an exchange seeing markedly increasing traffic should also post higher trade volumes. The company went on to check SimilarWeb, a platform that shows the origins of websites’ traffic. To its surprise, it discovered that half of OKEx’s traffic came from paid referral sites.

The most Read more