The Ethereum (ETH) price has been consolidating inside both a long and short-term range since the beginning of September. Until the price moves outside of this, the direction of the trend remains unclear. Long-Term Levels The Ethereum price is currently trading between two important support and resistance levels, found at $370 and $455, respectively. The […]
Quick take: Grayscale currently manages a total of $6.3 Billion in digital assets Its Ethereum trust is worth $869.7 Million This figure is approximately 2% of Ethereum’s market cap indicating Grayscale holds a similar percentage of ETH’s circulating supply The team at Weiss Ratings predicts an 18% spike in Ethereum’s value once ETH2.0 is released […]
The third quarter of 2020 has seen the strong resurgence of decentralized finance (DeFi) on Ethereum. With it, the demand for decentralized exchanges (DEXes) surged, causing Uniswap to briefly overtake Coinbase Pro at one point. Heading into 2021, Ethereum and decentralized exchanges would likely perform even better, quant trader Qiao Wang said. Two Reasons an […]
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If implemented, a much-discussed Ethereum Improvement Proposal (EIP) would have resulted in the burning of almost a million Ether (ETH) in 2020, according to data published by Spencer Noon of crypto investment fund DTC Capital, on Oct. 16. It would have also alleviated those massive spikes in gas prices. The Ethereum Improvement Proposal that could […]
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