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Ethereum, Uniswap & Ripple - American Wrap: 10/26/2020

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Ethereum, Uniswap & Ripple - American Wrap: 10/26/2020

Ethereum Price Prediction: ETH Could Retrace To $390 Before The Final Rally To $500

After a massive rally towards $421, Ethereum is finally under a consolidation period. One of the largest farming pools, Harvest Finance, was hacked around eight hours ago. Attackers were able to steal close to $24 million in cryptos, making the token's price fall by more than 60% within a few hours. Ethereum seems to have been mildly affected by the incident losing some bullish momentum.

Uniswap Price Prediction: UNI Flashes Buy Signal Targeting $3.3 In The Short-Term

The price is currently right in the middle of the pattern. Bulls seem to have the upper hand after the TD Sequential indicator presented a buy signal on the 3-day chart. Uniswap looks ready for a rebound after weeks of downside action.

Ripple CEO Takes The Moral High Ground Around Politics, While XRP Struggles To Break Out

XRP is quickly losing market dominance after hitting a high of 3.08% on October 20. Currently, the digital asset has around 2.89% dominance, having lost approximately $700 million in market capitalization over the past four days. It’s unclear whether Garlinghouse’s comments will have any direct impact on the price of XRP. 

Image sourced from Pixabay

 

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