Ethereum, just like bitcoin, saw a relief rally that pushed its price to a new three-week high. The digital asset is now trading above $1,300 for the first time since mid-December 2021, and so far, has been able to hold its gains in the market. However, not everyone is betting on the continued growth of…
On-chain data shows that Ethereum realized volatility has now declined to rare levels observed only three times before in history. Ethereum 1-Month Realized Volatility Has Plummeted To Just 39.8% As per data from the on-chain analytics firm Glassnode, the month of December 2022 was historically quiet for both Ethereum and Bitcoin. The “realized volatility” is…
Ethereum climbed higher and surpassed the $1,300 resistance zone against the US Dollar. ETH is consolidating gains and might aim more upsides towards the $1,400 resistance. Ethereum was able to gain pace for a move above the $1,275 and $1,280 resistance levels. The price is now trading above $1,280 and the 100 hourly simple moving…
Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause…
Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion. This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts.…
Ethereum, the king altcoin, has been generating a lot of buzz lately. According to CoinGecko, the coin appreciated by 4.5% in the weekly timescale. This is because of the upcoming “Shanghai” upgrade which is expected to improve the overall usability of Ether’s Layer 1 chain. The term “Layer 1” describes the fundamental components of a…
Ethereum climbed higher and tested the $1,275 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh move above the $1,300 resistance. Ethereum struggled to climb higher above the $1,275 and $1,280 resistance levels. The price is now trading above $1,230 and the 100 hourly simple moving average. There is…
Ethereum is currently following the general crypto market trend at this point and has been posting only slight gains in the last 24 hours. With the bear market in full swing, a large number of cryptocurrencies remain at risk of losing more of their value. However, for Ethereum, there could be a bull trend on…
Ethereum has seen an upwards push of 4% in the last couple of days as whales have displayed elevated levels of activity. Ethereum Whale Transactions At Highest Level Since December 16th As per data from on-chain analytics firm Santiment, whales have made 611 transactions in the past day. The relevant indicator here is the “whale…
Following Ethereum whale interest in the Lido Finance token, LDO has gained massive momentum over the past week, up by 20%. Whalestats recently reported LDO was one of the most used smart contract tokens among the top 5,000 ETH investors. While the reason for the token adoption may be quite glaring, its recent spike has…