In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and…
Ethereum broke out over the weekend and looks primed to follow in Bitcoin’s footsteps by shattering its former all-time high and soaring far higher. But while Bitcoin prices climb, there has been minimal impact on the underlying network, nor has there been a sizable increase in fees that characterized the 2017 peak. Meanwhile, ETH gas…
Ethereum dropped heavily during the thinly-traded early European session Monday, breaking below $1,000 from its three-month high of $1,168.99. The second-largest cryptocurrency briefly tumbled to $886 due to profit-taking among daytraders. Meanwhile, its downside correction caused long liquidations worth nearly $330 million across all the crypto derivatives exchanges. That may have prompted overleveraged traders to…
Ethereum is in the midst of rocketing higher despite stagnation in the Bitcoin price. Just minutes ago, the cryptocurrency pierced $1,100 after holding the $1,000 price level. Chart of ETH's price action over the past few weeks from TradingView.com. ETH is now up by over 100% in the past 10 days due to the capital…
Ethereum has underperformed Bitcoin as BTC has pushed past $33,000 today. ETH is up 8% in the past 24 hours while BTC has gained over 11%. Despite the relative underperformance, analysts soon think that Ethereum will catch up to the leading cryptocurrency. Analysts are targeting $800 in the short term as Ethereum moves past key…
Ethereum prices rose Monday as its on-chain fundamentals confirmed supply constraints across all the leading exchanges against rising demand. The Ethereum-to-dollar exchange rate climbed by up to 8.72 percent to $740, a level it last tested in May 2018. Intraday-wise, the pair’s upside move came in the wake of a correcting Bitcoin, which, on Sunday,…
Ethereum has plunged lower over the past day as a result of strong selling pressure in the altcoin market. It began with XRP, which began to drag lower after it was revealed that the U.S. Securities and Exchange Commission (SEC) would be suing the Ripple company. ETH now trades for $590 but traded as low…
Ethereum pared a small portion of its recent gains this Monday on profit-taking sentiment. The ETH/USD exchange rate fell by more than 6 percent to $595.22 ahead of the New York opening bell. The pair’s downside move appeared a day after it logged a new year-to-date high of $676.94. While it managed to hold its…
Ethereum is currently in a precarious position due to it flashing some immense weakness against its Bitcoin trading pair in recent weeks This has created some headwinds for its USD pair as well, leading to a pattern of severe underperformance against the benchmark cryptocurrency and even other altcoins It has still been able to post…
Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in 2020 with institutional investors. But as those who get into cryptocurrencies consider diversifying beyond BTC, one entrepreneur and crypto trader says that Ethereum is the digital version of silver, not Litecoin as it has long been called.…