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Ethereum declined almost 30% and tested the $900 support zone against the US Dollar. ETH price is currently rising, but it is facing a strong resistance near $1,130. Ethereum started a strong decline from well above $1,200 and traded close to $900. The price is recovering nicely from $912, but it facing hurdles near $1,130 […]
Ethereum price may have dropped by 34% in 24 hours, but multiple data points show traders are still bullish on Ether. The past week has been an emotional rollercoaster for Ether (ETH) traders, as there were seven four-hour candles of a 10% or larger price movement. Furthermore, the most recent 30% drop to $920 triggered […]
The foundation was laid for Ethereum 2.0 in 2020, and expectations are positive for the future of the smart contract platform in 2021. Ethereum has consistently followed a roadmap for its continual evolution to a proof-of-stake consensus protocol, and 2020 saw the groundwork for Ethereum 2.0 soundly laid. The smart contract blockchain has firmly established […]
Hermez, an Ethereum scaling solution, has partnered with Tether to offer cheaper USDT transactions via zk-Rollups. Popular stablecoin Tether (USDT) is the first token to go live on the Hermez layer-two network, the company announced on Monday. As part of the collaboration, batched USDT transactions will be possible once the Hermez network officially launches in […]
Ethereum started a sharp downside correction below $1,200 against the US Dollar. ETH price is down 20%, but is approaching a crucial support at $1,000 and the 100 hourly simple moving average. Ethereum failed to stay above the $1,200 support and declined heavily below $1,150. The price is down 20%, and it is approaching the […]
Quick take: Ethereum is currently trading at $1,320 and approx. $100 away from its all-time high of $1,432 Ethereum might just break its ATH in the coming week if Bitcoin continues with its sideways movement However, Ethereum, just like Bitcoin, is in overbought territory with both facing possible pullbacks in the short term The second […]
Quick take: The total value locked in DeFi has just hit a new all-time high of $23.12 Billion This value is attributed to both Ethereum and Bitcoin gaining value in the crypto markets At the same time, the amount of ETH and BTC locked in DeFi seems to be decreasing This could be attributed to […]
Ethereum settled nicely above $1,000 to start a fresh increase against the US Dollar. ETH price broke the $1,275 resistance to open the doors for a push towards $1,420. ETH price gained pace after it broke the $1,000 resistance against the US Dollar. The price is up over 25%, and it is trading nicely above […]
Summary: Tyler Winklevoss has pointed out that Ethereum is 10% shy of its all-time high According to Mr. Winklevoss, Ethereum feels cheap during a bull run ETH miner balances are at an all-time low, hinting that there is seller exhaustion Ethereum is now attempting to turn the $1,200 price area into support The Co-founder and […]
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