Ethereum’s price action has been incredibly week in the time following its parabolic movement to highs of $290 in February.It appears that there has been a divergence between the cryptocurrency’s technical outlook and fundamental strength, however, as a key data metric suggests that ETH has built immense underlying strength over the past couple of years.This…
Ethereum has continued trading above $200 despite facing a massive influx of selling pressure earlier this morning that jeopardized its position above this key support level.It now appears that ETH is gearing up for a massive movement in the days and weeks ahead as it continues trading within a multi-week range.Analysts are noting that there…
It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%.But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming. Ethereum is a perfect case in point, which has rallied 10% against BTC over the…
Ethereum has been able to maintain its position above $200 despite facing some intense selling pressure earlier this week.The cryptocurrency is now attempting to generate some upwards momentum as it fast approaches a key resistance level.Traders do anticipate this level to be surmounted in the days ahead, as its technical outlook has been bolstered by…
Despite the ongoing retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, investors remain highly optimistic about this market. ETH, especially, has benefited from traders, with data from leading crypto exchange Bitfinex indicating that there are more long positions open for Ethereum than ever before.“What. Is. Happening. 2.2% of all ETH in existence…
The imminent launch of Ethereum 2.0 has long drawn the attention of cryptocurrency investors.Many investors have speculated that the blockchain’s transition to a Proof-of-Stake (PoS) consensus system will help onboard new investors due to its steaking incentives.It is also widely anticipated that the 2.0 version of the blockchain will help the cryptocurrency fix its scalability…
Ethereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region.Analysts are now noting that its market structure still favors buyers so long as it maintains above $185, and that a continued defense of this…
Ethereum has seen a slight climb higher that has allowed it to surmount the $200 region. This momentum has been primarily rooted in that seen by Bitcoin, which tapped $10,000 overnight before seeing a slight decline that led it to $9,600.Although ETH has underperformed Bitcoin today, it is important to note that its climb above…
Ethereum’s price has been hovering around the lower $190 region in the time following its latest selloff that sent it to lows of $180.The second-largest cryptocurrency by market cap has been severely underperforming Bitcoin in recent times and has virtually erased all of the gains that came about as the result of its recent push…
Ethereum has been significantly underperforming Bitcoin in recent times. While the benchmark cryptocurrency is currently hovering around its multi-month highs, ETH is still trading significantly below where it was just over a week ago.This weakness against BTC is showing some tempered signs of degrading, however, as buyers were able to firmly defend the crypto’s key…