This morning, Ethereum network fees surged to over $2.6 million in a single hour. The spike in the metric was primarily due to one actor sending just 0.55 ETH, but paying over $2.5 million in USD value to do so.Was this a costly mistake this user crypto user won’t soon forget, or is there something…
While all eyes are on Bitcoin, as the cryptocurrency community watches and waits for the asset’s next uptrend to begin, another crypto asset has gone parabolic – but not in price.The market cap and total supply of Tether have been skyrocketing more so than Bitcoin price has. Also easily besting Bitcoin, is the amount of…
Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing.Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data…
Ethereum has seen some tempered gains overnight, recapturing its position within the $240 region as it shows some signs of technical strength.Today’s climb has largely been the result of that seen by Bitcoin, as ETH has been closely tracking the benchmark cryptocurrency’s price action over the past week.This has caused Ethereum’s open interest to rebound…
Ethereum rallied so far and fast in 2017 that there was a point at which analysts were expecting the market capitalization of ETH to flip that of Bitcoin. Fittingly, this event was dubbed the “flippening.”But since the 2018 all-time high, the cryptocurrency has deflated massively. One Ethereum used to buy close around 0.15 BTC, but…
Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250.Ethereum is trading well above the $240 support and the 100 hourly simple moving average.The price must surpass the $245 and $250 resistance…
Ethereum is trading nicely above the $240 and $230 support levels against the US Dollar. ETH price seems to be preparing for a strong surge above the $250 and $255 resistance levels.ETH price is trading in an uptrend above the $230 support zone against the US Dollar.A successful close above the $250 level could trigger…
Ethereum is still down by over 80% from its all-time high, but that hasn’t stopped cryptocurrency users from increasingly adopting the asset.Rafael Schultze-Kraft (@n3ocortex on Twitter), the chief technical officer of blockchain analytics firm Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with more than one transaction…
Ethereum has been caught within a bout of sideways trading throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$240 region.The crypto did witness some immense volatility earlier this week that caused it to plummet to lows of $230 before posting a strong rebound that led…
Although Ethereum has embarked on an impressive 170% rally since March’s lows, the cryptocurrency remains more than 80% below its all-time high of $1,430.With such a strong retracement from its all-time highs, there have been some skeptics questioning if ETH will ever hit a new all-time high.Fundamentals signs, though, are showing that ETH is poised…