Ethereum gained bullish momentum above the $400 resistance against the US Dollar. ETH price is currently consolidating above $400 and it is likely to climb above $410. Ethereum is following a positive path above the $398 and $400 support levels. The price climbed to a new weekly high near $411 and settled above the 100…
Ethereum is down over 15% from the $445 high against the US Dollar. ETH price could continue to move down, but the $360 support zone might act as a strong barrier for the bears. ETH price is trading in a bearish zone below the $400 and $410 resistance levels against the US Dollar. There is…
Bitcoin and Ethereum are bouncing higher after this week’s strong correction to the downside of 9% and 14%, respectively. The price of ETH, in particular, has bounced to $395 from the local $380 lows. Although a full-blown reversal is not yet in order due to the nascency of this move, analysts are starting to come…
Ethereum’s decentralized finance space has seen exponential growth over recent weeks and months. According to data site DeFi Pulse, there is now $6.65 billion worth of cryptocurrency locked in so-called DeFi protocols. This same metric was closer to $500 million at the start of the year and around $1 billion in March. Related Reading: Crypto Tidbits:…
The Ethereum options market is seeing massive growth as of late, with the total open interest now rapidly approaching $500 million. The vast majority of this open interest still resides within Deribit, with the popular trading platform currently dominating the crypto-options market. Options have been seeing increasing popularity throughout 2020, with investors widely pivoting away…
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally,…
Ethereum has been on a remarkable rally over the past few weeks. Since the start of July, when the asset was trading closer to ~$220, ETH has literally doubled. It trades just shy of $440 as of this article’s writing, flat in the past 24 hours. Although some see this move as an impulsive surge…
Another week, another round of Crypto Tidbits. It’s been another volatile week for the Bitcoin market. In the past seven days, the leading cryptocurrency has traded at both $11,100 and $12,000, whipsawing between the levels as the price enters a consolidation. Ethereum, on the other hand, has been surging higher; ETH now trades for $440 as…
Ethereum has a transaction fee problem, similar to the one it and Bitcoin faced in 2017 and early 2018. On August 12th, the cost of Ethereum “gas,” how transaction fees are calculated, hit 277 Gwei. By this writer’s estimates, that means that sending ETH was $2.25, sending ERC-20 was around $5, and trading on Uniswap…
It’s been an explosive past few days for Ethereum. After consolidating under $400 for a number of days, the leading cryptocurrency shot higher on Thursday and then continued its ascent into Friday. As of this article’s writing, ETH is up 12% in the past 24 hours. It trades at $444, surging decisively past the previous…