Ethereum price is correcting gains from the $1,920 resistance against the US Dollar. ETH could start a fresh rally if it clears the $1,920 and $1,930 resistance levels. Ethereum is still struggling to clear the $1,920 resistance zone. The price is trading above $1,880 and the 100-hourly Simple Moving Average. There is a crucial bullish…
Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. What does…
Ethereum has had a remarkable year thanks to the DeFi explosion. Not since the ICO boom has the crypto asset seen this much demand, development, and network activity. And despite the recent plunge in Ethereum price, addresses have only grown, reaching a new all-time high and growing over 25% in 2020 alone. Here’s why Ethereum…
Ethereum pared a small portion of its recent gains this Monday on profit-taking sentiment. The ETH/USD exchange rate fell by more than 6 percent to $595.22 ahead of the New York opening bell. The pair’s downside move appeared a day after it logged a new year-to-date high of $676.94. While it managed to hold its…
Ethereum is at a pivotal, make or break it moment. While Bitcoin has set a higher low, Ethereum’s higher high implies things are a lot more bullish for the altcoin. But could a fractal matching the trajectory of the 2019 crypto rally and top hint that the top for the year is in for altcoins?…
Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks, which exposed it to some intense downwards pressure yesterday.It has been able to post a swift recovery from its daily lows, and has remained firmly within its long-held consolidation phase within the $230 to $250 range.Although it is outperforming Bitcoin…
Ethereum has been flashing some signs of tempered weakness throughout the past several days and weeks, hovering just above the lower boundary of its long-held consolidation channel.The cryptocurrency’s present weakness is primarily rooted in that of Bitcoin, which has seen faltering momentum as it continues struggling to break above the key psychological resistance existing at…
Ethereum is up around 2% and it broke the $232 resistance against the US Dollar. ETH has likely moved into a positive zone and it could continue to rise towards $240 or even $250.Ethereum is slowly gaining bullish momentum above the $232 resistanceThe price tested the $235 resistance and trading well above the 100 hourly…
Stimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued. Exactly how much would $1,200 invested in Ethereum have earned savvy investors,…
Ethereum has been able to maintain its position above $200 despite facing some intense selling pressure earlier this week.The cryptocurrency is now attempting to generate some upwards momentum as it fast approaches a key resistance level.Traders do anticipate this level to be surmounted in the days ahead, as its technical outlook has been bolstered by…