The Multichain hack has cost users $3 million so far. However, one victim managed to get back most of their money - by talking to the hacker directly. A "white hat" hacker returned about 800k in Ether to a hacking victim. However, the hacker kept $150,000 as a "tip" for keeping the funds safe. The CTO of crypto wallet ZenGo Tal Beery highlighted the conversation between the hacker and his victim on the blockchain. The hacker presented himself as a…
BTC/USD Pair Price Analysis
A look at the pair’s hourly chart shows that a remarkable barrier waits close to $8k and 100-day SMA on the way to the upside. Likewise, on the same chart, there is the formation of a major declining trend line with barrier close to $7,880.
The buyers’ ability to take the pair over the $8k barrier and the 100-day simple moving average may initiate a medium-term uptrend. The immediate major barrier is close to $8.8k and $9k, over which the pair could rise to attain $9.5k.
The possibility of the pair to decline close to the $8k barrier zone is likewise high. If it is rejected close to $8k or $7,880, the pair might begin a downside retracement.
The first support is close to $6.8k and the level is the latest breakout area. Currently, the key support is close to $6.5k, where the buyers could contend. Any additional declines could take the pair towards $5.5k.
ETH/USD Pair Price Analysis
Over the previous few sessions, the ETH/USD pair rose sharply over the $150 barrier. The pair incurred an upsurge that led to price levels over the $165 barrier. While it was rising, it was able to surge over the $155 barrier.
It continued over $170 price level, but a powerful barrier appears to be on the way close to $175 and the 100-day SMA. A look at the pair’s hourly chart shows the formation of a critical declining trend line with barrier close to $182. If the ETH/USD pair is able to surge past $175 and $182 barriers, it may attain a medium-term uptrend.
The immediate major barrier is close to $190, over which the buyers could focus on testing the $200 hurdle. Any additional upsides might take the pair towards $220 in the near term.
The pair’s failure to surge above barriers at $175 and $180 could make it to retrace lower. There is a first support on the downside close to $160.
The initial key support is currently close to $150 and a connecting buying trend line. If the pair closes beneath $150 support level, it might begin another dip. The immediate major support is observed close to $124.