Ethereum and the aggregated cryptocurrency market have been consolidating for the past few days, with Bitcoin’s recent swing past $16,000 helping to provide a base of support for ETH and other altcoins. The crypto market’s ongoing uptrend is driven almost entirely by Bitcoin, but ETH and most other major altcoins are still woefully underperforming the…
Ethereum is showing positive signs above the $455 support against the US Dollar. ETH price is likely to surge towards $500 if there is a clear break above $500. Ethereum is slowly gaining pace above the $450 and $460 levels. The price is currently trading nicely above the $460 level the 100 hourly simple moving…
The crypto market is a confusing space. Not only do investors need to pay careful attention to Bitcoin market cycles driving the overall sentiment, but also to the relationship between BTC and altcoins like Ethereum and Litecoin. As two of the top altcoins with the most longevity in the market, Ethereum and Litecoin can be…
The price of Ethereum is struggling against both Bitcoin and the U.S. dollar again, while BTC is surging with momentum. A similar trend occurred throughout October when BTC rose while ETH stagnated for a prolonged period. The most likely reason behind the stagnancy of Ethereum amidst an ongoing Bitcoin rally is BTC vacuuming the volume…
Ethereum extended its rise above the $465 resistance against the US Dollar. ETH price traded to a new monthly high near $477 and recently started a downside correction. Ethereum is still following a nice bullish path above the $450 and $455 support levels. The price traded to a new monthly high near $477 and settled…
No one said Ethereum’s transition to a Proof-of-Stake (PoS) consensus mechanism would be easy. But few could have predicted what we are witnessing today. The Phase 0 launch is already close to a year behind its initial rollout date of January 2020. Delay after delay, not to mention several failed testnets, illustrates the scale and…
Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on…
The staking process on Ethereum 2.0 is live for almost a week now. And it has left the cryptocurrency in a moderately bullish state. ETH/USD is up more than 12 percent on a month-to-date timeframe, trading at circa $447 as of 1252 GMT. The pair’s move uphill appears in the wake of a strong Bitcoin…
If there’s one thing this summer’s DeFi boom taught us, it’s that the Ethereum gas fee structure needs reform. Although things have calmed down since the summer, rip off fees, and stuck transactions are still a problem for Ethereum users. So much so, a failure to address the problem will only give rival blockchains an…
Ethereum corrected lower below $440, but it remained stable above $435 against the US Dollar. ETH price is likely to gain momentum if it clears the $460 resistance zone. Ethereum is holding the ground above the $440 and $435 support levels. The price is showing positive signs above the $440 support and the 100 hourly…