Ethereum has resumed its upwards trends in the past hour, as the U.S. Federal Reserves Chair Jerome Powell hints at an extension on their economic stimulus policies. At the time of writing, ETH’s price trades at $3,252 with a 4.4% profit in the daily chart. ETH is back on a rally in the daily chart.…
On-chain data shows massive Ethereum outflows of 60k ETH on spot exchanges. Such deeply negative netflows could be a bullish signal for the coin. Ethereum All Exchanges Netflow Shows Huge Negative Spike As pointed out by a CryptoQuant post, the Ethereum all exchanges netflow showed a negative spike yesterday as 60k ETH exited exchanges. The…
Ethereum found support near $3,080 and recovered higher against the US Dollar. ETH price is now struggling to clear the $3,200 resistance and the 100 hourly SMA. Ethereum found support near $3,080 and it started a fresh upward move. The price is now facing resistance near $3,200 and the 100 hourly simple moving average. There…
The Cardano smart contract era is closing in, soon the Plutus platform that will host them will be integrated into the mainnet. In that sense, there are many changes and features to be launch on the network. The inventor of Cardano Charles Hoskinson has been updating the community on the progress made during the smart…
Ethereum extended its decline below the $3,200 support against the US Dollar. ETH price is at a risk of more downsides below the $3,120 support zone. Ethereum extended its decline below the $3,250 and $3,200 support levels. The price is now trading below $3,250 and the 100 hourly simple moving average. There is a key…
Ethereum tested the $3,380 zone before it corrected lower against the US Dollar. ETH price is still trading above $3,300 and it might attempt another upside break. Ethereum started a fresh increase above the $3,300 and $3,320 resistance levels. The price is now trading above $3,250 and the 100 hourly simple moving average. There is…
Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto…
According to on-chain analysis, some Ethereum indicators are showing signals that whales are continuing to accumulate the cryptocurrency. Ethereum Shows Negative Netflows As Exchange Reserves Continue The Downtrend As pointed out by a CryptoQuant post, ETH indicators seem to be moving in directions that suggest whales are continuing to accumulate. There are three important metrics…
Ethereum pushes further into previous highs north of the $3,000. The second cryptocurrency by markets cap recently received a major upgrade, implemented via the “London” Hard Fork. This changed the network’s entire fee model and, according to some experts, has attracted new investors into the market. Thus, the main cryptocurrencies by market cap have seen…
Ethereum remained well bid above the $2,950 support against the US Dollar. ETH price started a fresh increase and it could even surpass the $3,300 resistance. Ethereum started a fresh increase above the $3,120 and $3,200 resistance levels. The price is now trading above $3,150 and the 100 hourly simple moving average. There was a…