As Ethereum turns 10 years old, the crypto community has gathered to celebrate the network that helped shape the industry over the past decade, with anecdotes from industry leaders and bullish predictions for Ether’s (ETH) upcoming price action. Related Reading: Analyst Says Bitcoin’s Final Leg Is Near – Time To Be ‘Cautiously Optimistic’? Ethereum Hits 10-Year Milestone Ethereum and the crypto community are celebrating the blockchain’s 10th anniversary by highlighting some of the ecosystem’s key events since 2015, like the ICO craze, the non-fungible tokensFT boom, The Merge, and spot exchange-traded funds (ETFs). In an X post, Unchained host Laura Shin listed some of Ethereum’s milestones, including its first spot in client diversity, Total Value Locked (TVL), and the number of ecosystem developers. Shin also emphasized the network’s 100% uptime rate during the last 10 years. One of Ethereum’s developers, Lefteris Karapetsas, commemorated the anniversary by sharing some pictures from July 30, 2015, stating, “We were a small team of hackers in an office in Kreuzberg in Berlin and we had just launched the Ethereum network. The rest is history. Looking back at the last 10 years, I am excited about the next 10 years, the next 25, the next 100.” Meanwhile, Coinbase CEO Brian Armstrong revealed how the US immigration system technically “contributed” to Ethereum’s creation: Fun fact: I met @vitalikbuterin in 2013 at the San Jose Bitcoin conference when he was writing for Bitcoin Magazine (his writing was great). A few months later I invited him to come by Coinbase’s first office in San Francisco for a visit and he showed us some cool stuff on his laptop. Armstrong explained that he tried to hire Vitalik Buterin in 2013, but due to a series of circumstances, including problems obtaining a US work Visa, Buterin was forced to return to Canada. “While he was stuck in Canada, he created Ethereum,” the CEO detailed, “So, in a way, the sub-optimal immigration system in the U.S. contributed to the creation of Ethereum.” Bankless co-founder David Hoffman jokingly replied that “Coinbase almost prevented Ethereum from ever happening.” ETH’s Birthday Fun Delayed? On its birthday, ETH started the day trying to reclaim the $3,800 mark, which some analysts consider the “last major resistance” before new highs. The King of Altcoins has been attempting to successfully break out from this level for over a week, with two failed attempts during this timeframe. At the start of the week, the cryptocurrency briefly surged above this level, hitting a seven-month high of $3,941 on Monday. However, the recent market pullback sent Ethereum back inside its local range. During the Wednesday celebrations, ETH’s price suffered 4% drop to the $3,680 area, fueled by the US Federal Reserve (Fed) announcement of its decision to leave interest rates unchanged. Nonetheless, it quickly recovered from the initial market reaction, which saw liquidations worth $212 million in just 60 minutes. Related Reading: Injective Targets $25 Amid Crucial Breakout Attempt – New Highs In Sight? Crypto analyst Ali Martinez affirmed that as long as the $3,300 support zone holds, ETH “could be on track for a move to $4,220 and potentially $5,140, based on the MVRV Pricing Bands.” Similarly, market watcher Merlijn The Trader noted that “liquidity is pulling Ethereum like a magnet. ETH is gravitating toward $4,000, the largest wall of resting orders in months. One clean push… and it detonates.” As of this writing, ETH is trading at $3,760, a 5% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com Source: newsbtc.com (Read Full Article)

Cardano price started a fresh increase from the $0.7280 zone. ADA is now rising and might attempt a clear move above the $0.80 zone. ADA price started a fresh increase from the $0.7280 support zone. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break above a key bullish trend line with resistance at $0.7710 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase it clears the $0.80 zone. Cardano Price Eyes Steady Increase After a sharp decline, Cardano found support near the $0.7280 zone, like Bitcoin and Ethereum. ADA formed a base above the $0.730 zone and started a decent increase. There was a clear move above the $0.7450 and $0.7650 resistance levels. There was a break above a key bullish trend line with resistance at $0.7710 on the hourly chart of the ADA/USD pair. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.8557 swing high to the $0.7287 low. Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7920 zone and the 50% Fib retracement level of the downward move from the $0.8557 swing high to the $0.7287 low. The first resistance is near $0.80. The next key resistance might be $0.8080. If there is a close above the $0.8080 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.880 region. Any more gains might call for a move toward $0.920 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.770 level. The next major support is near the $0.7520 level. A downside break below the $0.7520 level could open the doors for a test of $0.7280. The next major support is near the $0.70 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7520 and $0.7280. Major Resistance Levels – $0.7920 and $0.8000. Source: newsbtc.com (Read Full Article)