Earlier at the start of the year, the altcoin market broke through downtrend resistance spanning two years of crypto winter. The breakout caused an explosive rally that caused many crypto assets to double in value in just two months’ time. However, trading volume has only increased during the recent selloff, reaching a new all-time high…
In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above peg). Mostly on @dydxprotocol and…
Ethereum is down another 10% and it broke the main $230 support area against the US Dollar. ETH price is now approaching the key $205 and $200 support levels.Ethereum is down more than 25% in the past two days against the US Dollar.The price traded close to the $205 support area and it is currently…
Ethereum (ETH) has seen some intense bearish price action over the past couple of days, which has largely stemmed from the bear-favoring market structure that Bitcoin has formed in the time following its recent “flash crash” below $10,000.One top trader is now noting that he believes the cryptocurrency could see some further near-term losses, with…
Ethereum is down close to 10% and it broke the key $255 support area against the US Dollar. ETH price might continue to slide, but the $230 and $225 levels are likely to provide support.Ethereum is declining heavily and it recently broke the $255 and $250 support levels against the US Dollar.The price is now…
Ethereum is currently declining and trading below $270 levels against the US Dollar. ETH price could dive towards the $255 support area before it starts a fresh upward move.Ethereum struggled to climb above the $280 resistance and declined recently against the US Dollar.The price is currently declining and trading below the $265 support area.There is…
Ethereum has been closely tracking Bitcoin and the aggregated market over the past several days, which has led ETH to experience some intense volatility as it ranges between lows of $250 and highs of $285.In spite of Bitcoin’s overt bearishness at the moment, it is important to note that Ethereum has been forming a highly…
The impact of COVID-19, better known as the coronavirus, has finally started to hit financial markets in a big way, but crypto has remained relatively stable for the normally volatile asset class. It’s caused the stock market to tank, but safe-haven assets like gold to surge. But what might this mean for Bitcoin and the…
Ethereum started a steady increase above the $260 and $265 resistance levels against the US Dollar. ETH price is currently retreating from $278, but it remains well supported.Ethereum is still struggling to climb above the $280 and $285 resistance levels against the US Dollar.The price traded as high as $278 and it is currently correcting…
As Bitcoin has shot higher in the past few hours, so too has Ethereum. The market leader tapping $10,000 was accompanied by ETH passing $275, reaching as high as $278 just minutes ago.While this sudden jump higher, which comes after the altcoin flatlined around $270 for most of Sunday, has yet to be sustained, analysts…