Ethereum has been one of the worst-performing major altcoins throughout the past few days, with the cryptocurrency plunging from weekly highs of $490 to lows of $330 that were set earlier today. The cryptocurrency now appears to be at risk of seeing even further downside, as it lost the support it was attempting to establish…
Ethereum has both benefitted and its rep been harmed from the recent explosion in farming for DeFi tokens. As investors poured liquidity into these tokens, sending and locking up so much ETH sent prices of the crypto asset soaring. But it also at the same time sent gas prices spiking even higher. As investors became…
Ethereum nosedived and broke the $400 support zone against the US Dollar. ETH price could correct higher, but the previous support near $400 is likely to act as a major hurdle. Ethereum is down over 10% and it broke the $420 and $400 support levels. The price even traded below the $385 support and settled…
Demand for the Ethereum blockchain has been rising at a rapid pace throughout the past several weeks and months, with the DeFi mania driving swathes of investors to decentralized exchanges like Uniswap to trade ERC-20 tokens. One byproduct of this trend has been a massive spike in the cost of fees to transact on Ethereum,…
The DeFi space has taken some wild twists as of late, causing crypto Twitter feeds to look a lot more like a menu at a local dining establishment. The bizarre world of decentralized finance and yield farming tokens has taken a turn for the weirder, bringing about a flurry of food-named crypto assets on Uniswap.…
Ethereum extended its rally by 10% and it broke the $465 resistance against the US Dollar. ETH price traded to a new multi-month high at $490 before starting a downside correction. Ethereum is up over 10% and it broke the $465 and $470 resistance levels. The price traded to a new multi-month high at $490…
The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets. It has prompted even Bitcoin holders to “wrap” their BTC in Ethereum. The amount of BTC supply wrapped in Ethereum has doubled in August alone, but why exactly is this happening, and…
Few altcoins have performed better in 2020 than Ethereum. The second-ranked cryptocurrency is up well over 200% on the year, and from the Black Thursday bottom to the 2020 high, Ethereum rose over 400%. Momentum looks to be behind bulls, however, an ominous signal just triggered on ETHUSD weekly price charts. The signal could be…
Ethereum is up over 2% and it broke the main $400 resistance against the US Dollar. ETH price is likely to accelerate higher once it clears the $408 resistance zone. ETH price is back in a positive zone above the $400 and $402 resistance levels against the US Dollar. There is a strong support forming…
Ethereum has firmly surmounted its $400 for the first time in a few weeks, with buyers now attempting flip this level into support. The crypto’s latest upswing has allowed it to outperform both Bitcoin and most other major altcoins significantly Analysts are widely noting that the cryptocurrency is reaching a decision point, with its near-term…