Ethereum has firmly surmounted its $400 for the first time in a few weeks, with buyers now attempting flip this level into support. The crypto’s latest upswing has allowed it to outperform both Bitcoin and most other major altcoins significantly Analysts are widely noting that the cryptocurrency is reaching a decision point, with its near-term…
Ethereum has seen a strong correction from the highs it has seen earlier this month. After peaking at $440, the asset has slid to $385 as of this article’s writing. ETH’s retracement comes as Bitcoin has also dropped, seemingly in response to some weakness in the price of gold and some strength in the U.S.…
Ethereum and Bitcoin have been subject to a strong correction over recent days. Both cryptocurrencies have dropped over 10% from their year-to-date highs, set just a week ago. ETH is set to return to its uptrend, though, according to one analyst. The analyst in question has been historically accurate, predicting months before it happened that…
Bitcoin broke above $10,000 and is trading well above the key level. Ethereum is up over 200% year to date, and the rest of the crypto market is right behind it. However, small-cap altcoins have been beating out all major crypto assets three-to-one over the last month. But what is causing the significant outperformance? Total…
Ethereum has been one of the best-performing assets in 2020, bar none. It beat Bitcoin, gold, stocks, and other assets in the best return on investment, had the $1,200 stimulus check be entirely invested in assets. But after today’s 10% intraday drop, the top-ranked altcoin is at risk of closing the daily with a bearish…
Bitcoin and Ethereum are bouncing higher after this week’s strong correction to the downside of 9% and 14%, respectively. The price of ETH, in particular, has bounced to $395 from the local $380 lows. Although a full-blown reversal is not yet in order due to the nascency of this move, analysts are starting to come…
Like most other crypto assets, Ethereum has slipped lower over the past four days. After peaking on Monday, all cryptocurrencies have retraced as Bitcoin has fallen lower seemingly due to a rise in the value of the U.S. dollar against foreign currencies. Ethereum has actually underperforming Bitcoin in this retracement, dropping around 11.5% from its…
Ethereum’s decentralized finance space has seen exponential growth over recent weeks and months. According to data site DeFi Pulse, there is now $6.65 billion worth of cryptocurrency locked in so-called DeFi protocols. This same metric was closer to $500 million at the start of the year and around $1 billion in March. Related Reading: Crypto Tidbits:…
The Ethereum options market is seeing massive growth as of late, with the total open interest now rapidly approaching $500 million. The vast majority of this open interest still resides within Deribit, with the popular trading platform currently dominating the crypto-options market. Options have been seeing increasing popularity throughout 2020, with investors widely pivoting away…
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally,…