Andreessen Horowitz-backed dYdX is hoping a revamp of its marketplace will lure big market makers to its platform, the firm revealed exclusively to The Block.
The firm, which has up to this point sourced liquidity from other decentralized exchanges, announced Tuesday the launch of its own native order book for Ether to Dai trading, which will join Eth2Dai and Radar on its platform. The order book will be powered by a new execution engine, according to a blog post, similar to that offered by the 0x protocol. The rollout is paired with the addition of so-called limit orders, which offer a guarantee for a trader to place an order when an asset reaches a certain price. [...]
Ethereum (ETH)trade is currently trading at $172.50. As you can see in the graph below, the ETH price is trading between the channels. The next resistance level is at $182 and support level is at $170.
Long positions can be taken around the first support level, keeping the it as a stoploss. The cryptocurrency price is expected to trade between the channels for two cycles, and this can be used for swing trading.
According to Dow Theory, the digital coin is currently appearing in the accumulation phase, which is an area from which the price usually shoots up, and is generally considered a great buying point.
This is the time when informed investors [...]
ETC/ETH looks to have stalled on the daily chart above. There was a key trendline that price broke indicating more upside movement but since the move has not really materialized.
The 0.03940 level looked like a pretty strong resistance level in any case but after the momentum seen yesterday, you would be forgiven if you thought it would have continued.
Now on the downside, there are two scenarios in focus. One is the retest of the trendline at a lower level and a move back up. The second would be a move lower to test the 0.03274 support level.
Looking at the RSI now there is a pattern that looks vulnerable to a downside break. This could suggest we are [...]
Ethereum (CURRENCY:ETH) traded up 1.1% against the US dollar during the 1-day period ending at 9:00 AM ET on September 2nd. One Ethereum coin can now be purchased for approximately $172.23 or 0.01746409 BTC on major cryptocurrency exchanges including Bancor Network, BigONE, BitMart and Kryptono. During the last week, Ethereum has traded 9.2% lower against the US dollar. Ethereum has a total market cap of $18.53 billion and approximately $5.37 billion worth of Ethereum was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed during the last day:
According to CryptoCompare, “Sandwich complexity model: the bottom level [...]