ETH/USD

  • Possible resistance at $238 – $243
  • This week’s highest: $237.01
  • This week’s lowest: $200.26
  • Last 1 months highest: $237.01
  • Last 1 months lowest: $180.72

Also Read: BTC/USD : Daily Price, Forecast, News update 30th May 2020

There is some resistance between $238.9 and $241.19. The next resistance sits at $243.67 in the daily chart.

There is no major resistance before $238.9, and if it is cross resistance, $241.19  will be the next strong resistance.


 


There is expected to be an upward movement from current levels to test the resistance at $238.9. After breaking this resistance, ETH will try to test the resistance at $241.19 level. However, if ETH fails to cross the resistance at $238.9, the price might settle around the next support levels at $234.13. It is more likely to be rejected from this resistance.

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Newsherder’s ETH/USD Daily Price & Forecast of May 30, 2020 reveals that there may be an upward movement towards $238.9 levels . If ETH is able to cross $238.9 levels, $241.19 will be the next level to watch for.. But, if ETH fails to cross $238.9, the price will be pushed under $235  at around $234.13 support levels. 

Ethereum News 

1. Ethereum blockchain chosen to tokenize rewards, confirms Reddit

Reddit, one of the world’s largest social media platforms has chosen Ethereum blockchain to tokenize the rewards. Platform also confirmed the news on its tokenized rewards migrating onto Ethereum blockchain later this year to be true.

 

2. Ethereum developers to bring stealth transactions to Ethereum network

Ethereum co-founder’s wish for enhanced transaction privacy seems to be shaping up with developers bringing stealth transactions to the Ethereum network, in the form of Umbra. Umbra enables only the sender to know the identity of the recipient while recipient addresses remain masked. The protocol is in its test phase however developers are hopeful to launch it soon

 

3. ETH options recorded all time high open interest

With ETH option contacts gaining more popularity and ETH holders becoming bullish with Ethereum 2.0 around the corner, option contracts have recorded a new all-time high with more than $108 million of open interest on Deribit, leading options exchange. This clearly implies investors confidence on price of Ethereum over coming few months.