5 hours ago
Ethereum price failed to clear the $3,400 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,400. Ethereum started a fresh decline from the $3,400 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,300 resistance level. Ethereum Price Extend Losses Ethereum price failed to start a recovery wave above the $3,400 level and extended losses like Bitcoin . ETH declined below the $3,350 and $3,320 support levels. There was a clear move below $3,250 and $3,220. A low was formed at $3,159 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $3,742 swing high to the $3,159 low. There is also a connecting bearish trend line forming with resistance at $3,300 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,320 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $3,300 level and the trend line. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,450 and the 50% Fib retracement level of the recent decline from the $3,742 swing high to the $3,159 low. A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,160. A clear move below the $3,160 support might push the price toward the $3,080 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,160 Major Resistance Level – $3,300
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Thailand Launches Pilot Program for Crypto Payments, Boosting Tourism and Local Economy
Thailand introduces a pilot program for crypto payments to enhance tourism. Kalasin, known as "Bitcoin Town," promotes cashless transactions among locals. Continue Reading: Thailand Launches Pilot Program for Crypto Payments, Boosting Tourism and Local Economy The post Thailand Launches Pilot Program for Crypto Payments, Boosting Tourism and Local Economy appeared first on COINTURK NEWS . NewsBTC
UK Judge Dismisses $770M Bitcoin Landfill Hard Drive Case: A Lesson for Crypto Investors
A UK judge has dismissed the long-standing legal case of James Howells, who sought access to a landfill containing a hard drive with Bitcoin worth more than $770 million. This ends the 12-year saga for the IT engineer from Newport, Wales that captivated the cryptocurrency community all these years. Back in 2009, Howells mined 8,000 Bitcoin, which was valued very low back then but is now trading around $94,600 , with the stage set for a major BTC comeback after recent price drops . However, Howells’ former partner mistakenly disposed of the hard drive that contained his private keys in 2013, which rendered the funds inaccessible. Since then, he has sought legal action to obtain permission to excavate the Newport landfill. He even offered a share of the recovered Bitcoin to the local council. James Howells Loses 12-Year Legal Battle Although Howells made repeated requests and put forward his proposal for excavation, the Newport City Council declined his appeals citing logistical and environmental concerns. The final blow came when Circuit Commercial Judge Keyser ruled out the case on the grounds of “no realistic prospect” to succeed. He remarked the search as looking for a needle in a haystack and was simply not viable. “Anything that goes into the landfill goes into the council’s ownership,” said the judge. Howells expressed his frustration after losing the 12-year long legal battle, claiming that the authorities had not considered his case properly. However, he acknowledged that the court confirmed his ownership of the Bitcoin. Now, he is left to explore alternative options like tokenization to monetize his digital assets. The Howells case serves as a precautionary tale for global crypto investors. It demonstrates the importance of securely storing digital assets. Cryptocurrencies are different from traditional financial systems and need private keys for access. Losing these keys may result in the permanent loss of the assets. Keep Your Crypto Safe with Best Wallet This case is a wake-up call for those investing in cryptocurrency, whether that’s the likes of Bitcoin and Ethereum or one of the best meme coins . Digital solutions like Best Wallet are, therefore, a must-have for every investor. It offers a secure cloud-based platform, eliminating the risks associated with physical storage devices like hard drives or USBs. Crypto wallets come with features like automatic backups, multi-device synchronization, and robust security protocols. Best Wallet, in this context, ensures that investors never face catastrophic losses like Howells. Investors prioritizing safety and convenience must adopt a modern wallet as a smart step to protect their crypto assets in the digital economy. With Best Wallet , you can buy, store, sell, deposit, stake, and manage your crypto holdings in a single place. Plus, you can track your portfolio in real-time with quick overviews of all your transactions. The platform goes a step ahead and also offers market insights and key crypto market updates so that you can stay updated at all times. It’s worth noting that there’s also $BEST , which is Best Wallet’s proprietary token. The token is currently in presale. Holding $BEST gives you early access to crypto presales, reduced transaction fees, and $BEST airdrops. The wallet itself is easy to use and non-custodial, plus you do not need any KYC to trade in cryptocurrency. NewsBTC
