When you search for an Ethereum address on Google, the search engine now displays the wallet’s Ethereum (ETH) balance. The data in question is produced from Etherscan. Meanwhile, the leading altcoin is strengthening its deflationary status after Merge. According to crypto analyst John Isige, the bears are holding the castle and forcing the altcoin price to confirm a symmetrical triangle breakout.
It is possible to view balance with Ethereum address from Google
After that, Google now provides data about Ethereum addresses directly when they are searched. Therefore, it is possible to view the ETH balance by typing an Ethereum address in the Google search bar. Google collects this data from Ethereum block explorer Etherscan.
Image when you search for Ethereum co-founder Vitalik Buterin’s wallet / Source: GoogleSo far, it seems that this only applies to Ethereum addresses and not Bitcoin, for example. Han Hua, a crypto-focused principal investor at Google Ventures and formerly an engineer at Google, noticed this. Google has recently started to provide more cryptocurrency interaction.
“Altcoin price is likely to drop 12%”
As you follow on Kriptokoin.com, Ethereum (ETH) is struggling to regain lost ground above $1,300. Crypto analyst John Isige provides the following technical analysis for Ethereum.
The leading altcoin holds support at $1,270 after being rejected at $1,384 on Thursday. A four-hour daily close above $1,300 is needed to see ETH begin its uptrend. It is also possible that this will rule out the possibility of a drop to $1,142.
Ethereum finally confirmed a symmetrical triangle pattern breakout discussed on Sunday. Although symmetrical triangles are not bullish or bearish, it is possible for traders to activate their shorts when the price drops below the lower trendline, as with the ETH price shown in the chart below.
ETH four hour chartIf sellers heed the call to empty their bags, a 12% drop is possible given the triangle breakout. If it moves in this direction, Ethereum will fall to $1,142. DMI (Directional Movement Index) strengthens bears’ firm grip. Overall pressure will continue to build on Ethereum price if –DI continues to widen the gap above +DI.
Ethereum IOMAP chartIt is possible that around 1.22 million addresses will prevent the Ethereum price from rising above $1,300. These addresses hold 8.38 million ETH tokens that they have purchased between $1,327 and $1,366. Investors selling at various breakeven points are likely to dampen the uptrend. Therefore, as mentioned above, the leading altcoin is likely to eventually drop to $1,142.
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