Ethereum, aside from Chainlink, is the best performing cryptocurrency in the top ten by market cap. The top-ranked altcoin has had enjoyed a substantial rebound from bear market lows and surged all throughout 2020 on the heels of the DeFi trend. But despite the greater crypto market recovery, one crypto analyst sees a bearish Elliott…
Following the Spadina testnet failure at the end of September, the Ethereum 2.0 Phase 0 rollout looked in serious jeopardy. Billed as a dress rehearsal for ETH 2.0 genesis, core developer Danny Ryan reported several issues with the Spadina run. The most pressing problem was the long wait times for transactions to become irreversible. Ryan…
Ethereum surged above the $370 resistance against the US Dollar. ETH price tested the $395 resistance and it is currently correcting lower towards the $380 support zone. Ethereum gained bullish momentum above the $370, $375 and $380 resistance levels. The price tested the $395 resistance and it settled nicely above the 100 hourly simple moving…
Ethereum staged a strong increase and climbed above the $370 resistance against the US Dollar. ETH price is currently consolidating gains and it could correct lower. Ethereum started a decent increase above the $355, $365 and $370 resistance levels. The price is now well above $365 and the 100 hourly simple moving average. There is…
Ethereum started a steady increase above the $355 resistance against the US Dollar. ETH price tested the $380 resistance and it is currently correcting gains. ETH price started a strong upward move after it clears the $355 resistance against the US Dollar. The price ran into the $380 resistance, but it settled nicely above the…
Bitcoin has done well for itself in 2020, making it the top mainstream investment of the year so far. But deeper in the crypto market, Bitcoin’s gains look meager next to even its next closest asset in line, Ethereum. Ethereum and DeFi tokens outperformed Bitcoin easily this year so far, but that trend is “done”…
Ethereum is currently consolidating losses below the $350 pivot against the US Dollar. ETH price remains at a risk of a sharp decline unless it surges past $345 and $350. Ethereum traded as low as $333 and it is currently consolidating losses. The price is facing a major resistance near $345 and the 100 hourly…
The DeFi space rose to incredible heights all throughout 2020 but could have come to a roaring peak over the summer months. Assets like Yearn.Finance (YFI), Uniswap (UNI), or Aave (LEND) are all on the ropes, and related Ethereum-based decentralized finance tokens have fallen 60% across the board. But despite the drawdown already, one sharp-eyed…
The Ethereum wallet interface and browser extension MetaMask has recently achieved a milestone 1 million monthly active users, highlighting the enormous adoption underway. The rise runs in parallel with the DeFi trend, capped off recently by the explosion in users rushing to claim new Uniswap tokens. Here’s how all these different projects and applications are…
Ethereum has been holding up well compared to the rest of the DeFi space, but the recent news that the second-round of stimulus checked proposed by the House was rejected by Trump has changed that. The top-ranked altcoin just took 3% off its value in a matter of thirty minutes or less following the tweet…