Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend.Report shows there is fast growth everywhere for EthereumThe main area of parabolic growth for Ethereum throughout the past year has been Decentralized Finance (DeFi).…
Ethereum started a sharp decline from the $180 resistance, similar to bitcoin from $9,200. ETH declined towards $160, but it is likely to find strong bids near $158.Ether price was rejected near the $180 area and it declined below $165 against the US Dollar.Bitcoin price is down more than 5% and it is now trading…
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area.ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar.The price traded to a new 2020 high close…
While Bitcoin (BTC) saw a crazy week in and of itself, gaining 10%, Ethereum outpaced the market leader. The second-largest cryptocurrency by market capitalization gained 20% over the past seven days, pushing to $175 for the first time in weeks.While some analysts are skeptical that this rally will last, citing the fact that ETH printed…
Ethereum’s recent uptrend has allowed it to take a firm position within the $170 region, which marks a massive climb from ETH’s 2020 lows that currently sit at roughly $127. This massive climb has come about against a backdrop of immense bullishness throughout the aggregated crypto markets.One prominent analyst who predicted ETH’s ongoing climb while…
Over the past seven days, Ethereum (ETH) has exploded higher, gaining 20% according to price data from Coin360. This meant that it outperformed Bitcoin (BTC), which gained 9% within the same time period.ETH has actually underperformed a swath of other altcoins, some of which saw massive parabolic rallies in the span of a few days:…
Ethereum found support near the $158 level and started a fresh increase, similar to bitcoin. ETH is gaining momentum and it could soon break the $170 resistance.Ether price started a fresh increase after it found support near $158 against the US Dollar.Bitcoin price is also rising and trading nicely above the $8,650 level.Yesterday’s highlighted key…
Negative sentiment surrounding the crypto market has done significant damage to Ethereum’s reputation. It’s become a common thread across the crypto community to question Ethereum’s use case, and ask the question “who exactly is building on Ethereum, anyway?”The most frequent response is to point to the altcoin’s biggest backers, The Ethereum Foundation and Consensys. However,…
This week, the cryptocurrency market caught fire with Bitcoin, Ethereum, Litecoin and many others going on massive rallies and breaking through downtrend resistance, letting crypto investors breathe a collective sigh of relief that the bottom is likely in.However, when looking at the charts of one of the top-performing crypto assets of the week, one particular…
The number of active DeFi users, on the Ethereum network, is experiencing phenomenal growth. A recent report shows that this doubled, to 60,000, in only five months.And expectations, that it will form the foundation for the new financial economy, have never been higher, signaling tremendous confidence in Ethereum.DeFi Intends To Mirror And Recreate, Not DisplaceIn…