Ethereum has been holding up quite well against Bitcoin despite seeing some slight weakness throughout the past week after facing a harsh rejection at its local highs of $255.The cryptocurrency now appears to be well-positioned to see further upside in the near-term, as analysts are noting that it has been able to form a strong…
Upon checking crypto Twitter, cryptocurrency sub-Reddits, and elsewhere in the crypto space, investors are exceptionally bullish on Ethereum compared to Bitcoin. Long positions in Ethereum continue to skyrocket, and the amount of ETH locked up in DeFi grows by the day.Yet a dead accurate sell signal has just triggered on both ETHUSD and ETHBTC price…
After breaking out past $250 on June 1st, Ethereum saw a harsh rejection on June 2nd. The asset fell from over $250 to $225 in a matter of minutes, crushed as Bitcoin slipped by a similar amount on top exchanges.Despite this strong drop, analysts assert that bulls still remain in control of the asset.Related Reading: Crypto…
Ethereum has entered a firm consolidation phase in the time following its recent bout of volatility.This turbulence came about yesterday, with ETH’s buyers propelling it to highs of $255 before it lost its momentum and declined down to lows of $230.Bitcoin triggered this movement, as the benchmark cryptocurrency first rallied to highs of $10,400 on…
Data has shown that Grayscale’s Ethereum Trust is currently trading at a huge premium against ETH’s net asset value, indicating that there’s a fair amount of FOMO following it.While it’s still hard to determine whether the huge increase was caused by institutional or individual investments, traders should be careful when investing in products with such…
As of June 1st, Ethereum was up 25% in the past week alone. But right on cue, the cryptocurrency market saw a harsh correction on Tuesday morning that wiped out the gains seen on Monday.Bitcoin crashed $1,500 in three minutes on BitMEX, while other cryptocurrencies such as ETH experienced losses in their own markets. This…
Like Bitcoin, minutes ago Ethereum saw a strong surge to the upside.After rallying in excess of 15% over the past week, the second-largest cryptocurrency saw a 10% rally over the past few hours, reaching as high as $251. This is the highest price ETH has traded at since March 7th, just days before the capitulation…
Ethereum’s intense momentum stalled after it peaked at $145 this weekend. The cryptocurrency now appears to be well-positioned to see further upside, as this momentum significantly bolstered its market structure.The recent movement that led ETH to rally from the lower-$200 region to highs of $245 left a trail of destruction in its wake, liquidating more…
Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum.Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to note that one data metric…
Ethereum’s budding decentralized finance (DeFi) ecosystem took a heavy beating after the March capitulation crash.As I detailed in an analysis for LongHash, what happened was that MakerDAO became unstable due to what some say is an erosion in trust in the protocol. Ethereum investor Parafi Capital wrote in a blog post:“We believe this lack of…