Chainlink (LINK) appears to be riding the current market momentum as the cryptocurrency industry experiences a widespread surge. The recent fluctuations have brought LINK along with other digital currencies into the spotlight, prompting investors to closely monitor its trajectory. Amidst this upward trend, Chainlink has strategically positioned itself as a dominant force in the world…
Swiss non-profit Aragon Association has announced its dissolution, offering users the opportunity to redeem its native token, ANT, for ETH (Ethereum). This strategic move marks a crucial shift in the organization’s path and aims to address challenges that have arisen in recent times. As part of this dissolution process, ANT token holders will have a…
Bitcoin (BTC) is currently experiencing a notable surge in its value, effectively propelling the entire cryptocurrency market upwards. The recent upswing has drawn the attention of various experts in the field, one of whom is the pseudonymous crypto strategist known as TechDev. In a recent post on the popular social media platform X, TechDev emphasized…
ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2. ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker…
Ethereum price corrected lower from the $1,875 zone against the US dollar. ETH retested the $1,780 zone and might soon attempt a fresh surge. Ethereum holds the key support at $1,780 and $1,750. The price is trading below $1,820 and the 100-hourly Simple Moving Average. There was a break above a steep bearish trend line…
Data from Glassnode shows Ethereum is still experiencing negative momentum despite the year-to-date rise that the asset has observed. Ethereum MVRV Ratio Has Recently Indicated Negative Momentum According to the latest weekly report from Glassnode, the MVRV ratio has recently been below its 180-day moving average (MA). The “Market Value to Realized Value (MVRV) ratio”…
Bitcoin (BTC) witnessed a remarkable surge in its price, nearing the $36,000 mark, sending ripples across the cryptocurrency market. While multiple factors contributed to this price rally, one significant driver appears to be the decision by the US Federal Reserve to halt interest rate hikes, albeit with the potential for future increases. Additionally, the overall…
Ethereum price popped above the $1,850 resistance against the US dollar. ETH is showing positive signs and might soon climb toward the $2,000 resistance. Ethereum is slowly moving higher above the $1,850 resistance zone. The price is trading above $1,820 and the 100-hourly Simple Moving Average. There was a break above a key declining channel…
Ethereum has been notably underperforming Bitcoin through this latest rally. Here’s why this is so, according to a CryptoQuant analyst. Ethereum Net Taker Volume Has Been Mostly Negative Recently In a new post on X, CryptoQuant Netherlands community manager Maartunn has pointed out what the “net taker volume” for Ethereum is looking like. The net…
Solana (SOL) remains on a relentless upward trajectory, defying even recent reports of the embattled crypto exchange FTX moving millions of funds in SOL and other tokens. The cryptocurrency is now hovering close to a critical resistance point at $40, showcasing remarkable resilience and determination. As of the latest data from CoinGecko, the current SOL…