We’re going to talk about Ethereum today, analyzing its price from a technical point of view and also review the most recent news on the second largest cryptocurrency by market cap. Ethereum price tested below the daily Ichimoku cloud as traded versus the USD on Monday. However, it seems to be supported by the pivot point of 266. The future cloud has turned bullish, although it remains fairly flat. We are currently in a wait-and-see mode for ETH/USD, eyeing a confirmation either above or below the Ichimoku Kinko Hyo cloud’s daily setup. The medium-term support is set at 224, while resistance is at the all-time-high level of 393. Now let’s see what’s been going on in the world of Ethereum since we last covered it. While there are no real market-moving announcements, there are some fun topics making headlines. First off, Dubai hosted a government-backed graduation of Ethereum blockchain developers on Sunday. Out of 1,300 applicants across 96 countries, 10% of the applicants made the cut. On Sunday, ultimately 58 blockchain developers from around the world graduated from the 8-week online course, supported by Smart Dubai. In other international news, Russia is reportedly hosting a different kind of ceremony, with consumers soon to face Bitcoin and Ethereum vodka. an entrepreneur from Russia has delivered three patent applications for Bitcoin, Ethereum, and Ethereum Classic to become the brand names of the country’s famous spirit. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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