Like Bitcoin, minutes ago Ethereum saw a strong surge to the upside.After rallying in excess of 15% over the past week, the second-largest cryptocurrency saw a 10% rally over the past few hours, reaching as high as $251. This is the highest price ETH has traded at since March 7th, just days before the capitulation…
Ethereum’s intense momentum stalled after it peaked at $145 this weekend. The cryptocurrency now appears to be well-positioned to see further upside, as this momentum significantly bolstered its market structure.The recent movement that led ETH to rally from the lower-$200 region to highs of $245 left a trail of destruction in its wake, liquidating more…
Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum.Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to note that one data metric…
Ethereum’s budding decentralized finance (DeFi) ecosystem took a heavy beating after the March capitulation crash.As I detailed in an analysis for LongHash, what happened was that MakerDAO became unstable due to what some say is an erosion in trust in the protocol. Ethereum investor Parafi Capital wrote in a blog post:“We believe this lack of…
Ethereum has flashed signs of immense strength in recent times, as the cryptocurrency was able to rally to highs of $245 while Bitcoin and most other altcoins only saw tempered gains.Although this uptrend has flashed some signs of stalling as it struggles to gain a foothold within the $240 region, analysts are noting that the…
Ethereum is up more than 5% today and it is trading above the $235 level against the US Dollar. ETH price is likely to surge towards the $285-$300 if it clears the $248 resistance zone.Ethereum is surging and it recently broke the $220 and $230 resistance levels.The price is now trading well above the $220…
Ethereum incurred some explosive momentum yesterday that allowed it to erase weeks of losses that it had posted against its Bitcoin trading pair.This latest movement has significantly bolstered its market structure, with ETH to rallying up to its local highs of $235 that were set several weeks ago. It still has quite a way to…
It’s been an explosive past few days for Ethereum.In the past 24 hours alone, the second-largest cryptocurrency is up 10%. As reported by NewsBTC previously, the asset is currently pushing $244, the highest price since early March.This surge is important as it comes at a critical time for cryptocurrency bulls. One prominent trader shared the…
While Bitcoin is stalling under the key $9,500-9,600 resistance level, Ethereum has rocketed higher.The asset, according to TradingView.com, is up 10% over the past 24 hours. ETH is currently pushing $244, the highest price since early March.For some context, Bitcoin is up a mere 1% in the past 24 hours. Also, a majority of altcoins…
Ethereum has been able to incur some notable upwards momentum throughout the past day. This has come about after weeks of it severely underperforming both Bitcoin and the aggregated crypto market.It now appears that the cryptocurrency could be positioned to see even further gains in the near-term, as this latest movement has provided its market…