The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.Ethereum has set a new record against…
Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 for hopes of a fresh increase.Ethereum is correcting lower and trading near the $235 support zone.The price is now trading below the $242 pivot level and the 100 hourly simple…
Ethereum rallied recently above the $235 resistance region against the US Dollar. ETH is currently correcting gains, but the $230 support might act as a strong buy zone.Ethereum is trading in a positive zone above the $230 and $232 levels.The price rallied above the $240 level and it is currently correcting gains from $244.There was…
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 smart contracts giant kicked off the week on the right foot. Its price has surged over 4.60% since the weekly open to hit a high of $237.5. However, the Tom Demark (TD) Sequential indicator estimates that Ethereum could be bound for a small intraday correction before it continues rising towards the $239 resistance level. Based…
Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally.ETH price is slowly moving higher towards the $230 resistance against the US Dollar.A close above the 100 simple moving average…
Ethereum has been consolidating over the past few days within the $220 region.Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250.Its sustained bout of trading below this range is…
Every few months, Tesla’s chief executive Elon Musk comments on Bitcoin, Ethereum, or another cryptocurrency.In May, he commented on Bitcoin to J.K. Rowling, the author of the Harry Potter series. Responding to the author’s assertions that she doesn’t understand the leading cryptocurrency, Musk wrote:“Pretty much, although massive currency issuance by government central banks is making…
Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240.Ethereum is following a bullish path and it recently spiked above the $230 resistance level.The price could correct a few points, but the $228 and $225 levels are…
Ethereum is currently on the cusp of breaking back into its long-established trading range between $230 and $250.A recent influx of selling pressure experienced by the cryptocurrency forced its price to break below the lower boundary of this trading range for an extended period of time, with ETH even testing its crucial support at $220…