Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable. …
Dogecoin (DOGE) has experienced a modest upturn in both its daily and weekly performance, prompting speculation about its potential for future growth. While the gains have been minimal, a prominent analyst, Ali Martinez, suggests that there might be room for further development. Martinez’s analysis reveals that Dogecoin, as seen on the weekly chart, is breaking…
Shiba Inu (SHIB) has transformed its breakout into a remarkable rally, continuing to build momentum in the ever-evolving crypto landscape. The surge has not only captivated the attention of crypto enthusiasts but has also brought a considerable number of meme token holders out of the depths of losses, marking a significant turning point in their…
Ethereum started consolidating above $3,700 against the US Dollar. ETH price is supported above $3,700 and it could continue to rise above the $3,850 resistance. Ethereum started a downside correction from the $3,850 resistance zone. The price is now trading well above $3,700 and the 100 hourly simple moving average. There is a major bullish…
Ethereum is consolidating below $2,600 against the US Dollar. ETH price must clear $2,600 and $2,620 to start a major increase in the near term. Ethereum is still struggling to clear the $2,600 and $2,620 resistance levels. The price is now trading below $2,600 and the 100 hourly simple moving average. There is a major…
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…
Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins. Deutscher highlights that ETH’s recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for…
In a turn of events within the non-fungible token (NFT) market, Bitcoin (BTC) has achieved a significant milestone by surpassing Ethereum (ETH) in 24-hour NFT sales volume. This marks the first time that Bitcoin has outperformed Ethereum in this aspect. BTC’s NFT Breakthrough Bitcoin’s recent achievement of surpassing Ethereum in 24-hour NFT sales volume signals…
Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse the previous month’s coma…
Ethereum price started another decline and traded below $2,920. ETH could gain bearish momentum if there is a close below the $2,800 support zone. Ethereum remained in a bearish zone and traded below the $2,900 zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line…