Ethereum (ETH) has been closely tracking Bitcoin’s price action over the past several days and weeks and was able to incur some bullish momentum this past Tuesday separate from Bitcoin, although this movement was short-lived and was closely followed by a retrace back towards its current price levels. Analysts are now nothing that Ethereum may…
Ethereum spent most of 2020 outperforming Bitcoin by a large margin, thanks to the burning hot DeFi trend and the related tokens’ reliance on the second-ranked crypto asset. But since things have reversed and Bitcoin has gone on its own individual run, on the ETHBTC trading pair, Ethereum has reached a point of “do or…
The latest “crypto trend” has been parodied by the comedy show Saturday Night Live, Non-Fungible Tokens (NFTs). In a segment explaining these tokens, U.S. Treasury Secretary Janet Yellen, played by Kate McKinnon and Eminem, parodied by Pete Davidson come together to answer the question everyone seems to be asking, what are NFTs? With a running…
ETH price extended its decline and tested the $170 support area against the US Dollar. The price is currently correcting higher, but it is struggling to break the $175 resistance area. There was a break above a major declining channel with resistance near $173 on the hourly chart of ETH/USD (data feed via Kraken). The…
Ethereum nosedived below the $202 support zone against the US Dollar. ETH price revisited the $192 support and it seems like there is a key double bottom pattern forming near $192.Ethereum declined more than 5% and it tested the main $192 support zone.It seems like there is a double pattern forming near the $191-$192 zone.There…
Ethereum’s weakness as of late has primarily been rooted in that seen by Bitcoin.From a fundamental perspective, the cryptocurrency is arguably at one of its strongest points ever, with daily transactions recently breaking 1 million while its userbase sees massive growth.This strength has not translated into positive price action yet, as all of the profits…
Ethereum (ETH) drops 3.7 percent SEC flexibility shall boost innovation The motive of Blockchain.com’s acquisition of a blockchain startup is to merge knowledge, work towards improving security, and solving interoperability issues. However, that was not enough to move this market. Ethereum (ETH) is down 3.7 percent in the last 24 hours. Ethereum Price Analysis Fundamentals…
Bitcoin, Ethereum, and most other cryptocurrencies have largely stalled over the past few weeks. That’s in terms of price.But data shows that the two leading blockchains are seeing rapid growth in usage. This comes in spite of fears that a second leg to the 2020 bear market/trend is on the horizon.Related Reading: Buying Bitcoin at $8k…
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 third quarter of 2020 has seen the strong resurgence of decentralized finance (DeFi) on Ethereum. With it, the demand for decentralized exchanges (DEXes) surged, causing Uniswap to briefly overtake Coinbase Pro at one point. Heading into 2021, Ethereum and decentralized exchanges would likely perform even better, quant trader Qiao Wang said. Two Reasons an…