Ethereum traded to a new monthly high near $249 before correcting lower against the US Dollar. ETH price is currently trading nicely above $253 and it could rally again towards $250.ETH price is holding the main $235 support level and the $232 pivot level against the US Dollar.It is facing a couple of important hurdles…
One of the hottest crypto trends over recent months has been Ethereum DeFi. Also known as decentralized finance, DeFi is the industry of building decentralized applications for financial services.As can be seen below, coins related to this sector have gone parabolic, outpacing Ethereum. Take the example of Aave’s LEND token, which is up by over…
The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.Ethereum has set a new record against…
Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 for hopes of a fresh increase.Ethereum is correcting lower and trading near the $235 support zone.The price is now trading below the $242 pivot level and the 100 hourly simple…
Ethereum rallied recently above the $235 resistance region against the US Dollar. ETH is currently correcting gains, but the $230 support might act as a strong buy zone.Ethereum is trading in a positive zone above the $230 and $232 levels.The price rallied above the $240 level and it is currently correcting gains from $244.There was…
Ethereum has flashed some significant signs of strength after posting an intense recovery yesterday.The cryptocurrency is now back within the boundaries of its multi-month trading range, and buyers appear to be attempting to establish its recent lows as a long-term bottom.Overnight, sellers pushed it as low as $222 – just a hair above its crucial…
The smart contracts giant kicked off the week on the right foot. Its price has surged over 4.60% since the weekly open to hit a high of $237.5. However, the Tom Demark (TD) Sequential indicator estimates that Ethereum could be bound for a small intraday correction before it continues rising towards the $239 resistance level. Based…
Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally.ETH price is slowly moving higher towards the $230 resistance against the US Dollar.A close above the 100 simple moving average…
Another week, another round of Crypto Tidbits.It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level.Volatility indicators have continued to drop as a result of the consolidation, reaching crucial levels. Analysts expect this consolidation…
Ethereum has been consolidating over the past few days within the $220 region.Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250.Its sustained bout of trading below this range is…