Ethereum price is still struggling below $1,720 against the US Dollar. ETH could continue to move down if it stays below $1,700 and $1,720. Ethereum is slowly moving higher from the $1,620 support zone. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with…
Ethereum has plunged below $1,700 during the past day. Here’s the on-chain indicator that may have signaled this dip in advance. Ethereum Age Consumed Metric Saw A Spike Before The Price Decline According to data from the on-chain analytics firm Santiment, institutional investors look to have been expecting the move to take place. The indicator…
Ethereum price is showing bearish signs below $1,700 against the US Dollar. ETH could continue to move down below the $1,600 level. Ethereum is down 5% and there was a move below the $1,720 support. The price is trading below $1,700 and the 100-hourly Simple Moving Average. The bears struggle near a key bearish trend…
Recent reports reveal that the Graph, a platform used for indexing and querying blockchain data, is in the final stages of migrating to Arbitrum, a popular Ethereum layer-2 protocol. Following this announcement, GRT, the native token of the indexer, is up 13% in four days, per the candlestick arrangement in the daily chart. The Graph…
Data shows XRP and Ethereum are picking up social volume as investors have seemingly started to lose interest in Bitcoin. Bitcoin Social Volume Shows Drop, Traders Shift Focus Towards XRP & Ethereum According to data from the on-chain analytics firm Santiment, BTC’s social volume has decreased since its surge in March. The “social volume” here…
The company behind the issue of USDT stablecoin, Tether Holdings, has announced that it will work with a third-party exchange to convert 750 million USDT from Tron to Ethereum ERC20 via a chain swap. With a current market valuation of $83.37 billion, USDT is by far the most valuable stablecoin in existence. Stablecoin use has soared…
Ethereum is finding itself in a very dangerous position, with its fate possibly in the hands of the US SEC: Is it a security, or is it a commodity? Is it decentralized enough? While the industry figures itself out, it is now or never for an ETHUSD rally, or there is heightened risk of a…
Ethereum (ETH) has experienced a sharp decline since Saturday, dropping from the $1,838 line down to the current level of $1,738 while XRP traded sideways. This has caused concern among investors and traders in the Ethereum market. However, experts and analysts believe the recent disclosure of the Hinman documents on June 13th could mark a…
In a significant development in the legal dispute between Ripple, a blockchain company utilizing XRP in its On-Demand Liquidity (ODL) solution for cross-border transfers, and the United States Securities and Exchange Commission (SEC), the Hinman materials have now been unsealed. Ripple’s legal representatives had been asserting the relevance of these documents in their defense against…
The price of Ethereum is currently on a downtrend and is approaching a significant support level. In the past 24 hours, there has been little movement on the chart, while on the weekly chart, ETH has experienced a depreciation of over 3%. This downtrend in Ethereum is consistent with the volatile behavior of Bitcoin, which…