Ethereum Watch

Another week, another round of Crypto Tidbits. Advertisements At long last, Bitcoin and other large-cap cryptocurrencies are breaking higher. The market leader, for once, has posted a strong move over the past seven days, moving as high as $9,690. The pivotal $9,700 resistance was rejected — Bitcoin now trades for $9,650 as of this article’s writing. […]

Ethereum broke out of its sideways range on July 21, eventually establishing a quarter-to-date high at $280.76. The breakout move also confirmed a Bullish Flag pattern, a continuation signal that occurs as a brief pause following a significant price move higher. It has now set Ethereum en route to its ideal price target near $350. […]

The number of active Ethereum addresses rose by 100 percent in 2020, according to data fetched by Messari. The volume picked momentum on signs of growth within the decentralized finance sector (DeFi). Meanwhile, the ETH/USD exchange rate also grew higher, breaking above $250 for the first time since February 2020. Ethereum addresses that either send […]

Ethereum gained bullish momentum above the $240 resistance against the US Dollar. ETH price is currently correcting gains, but it is likely to resume its upside above $245. Advertisements Ethereum settled above the $235 resistance and it climbed above the $242 resistance. The price traded as high as $247 and it is currently correcting lower. […]

Ethereum’s Ether is recovering and trading above the $235 resistance against the US Dollar. ETH seems to be preparing for a crucial upside break above $238 and $240. Advertisements Ether is recovering from the $232 support and trading above $235. The price is now approaching the main $238 and $240 resistance levels. There is a […]

Following delays to the rollout of ETH 2.0, it’s no secret that the Ethereum community grows restless over the wait. Advertisements A recent public discussion on the matter had Ethereum Foundation Researcher, Justin Drake give a tentative date of January 2021 for Phase 0 rollout, during a Reddit AMA. The announcement garnered a mixed response. […]

Like Bitcoin, Ethereum (ETH) has flatlined over recent weeks in an extremely tight range. For the leading altcoin, this range has been approximately $230-245. Advertisements Bears may soon gain the upper hand as the on-chain and technical analysis case for Ethereum has purportedly flipped bearish. This comes at a pivotal time for Bitcoin, which is […]

Another week, another round of Crypto Tidbits. Advertisements It’s been another boring week for Bitcoin. This may sound like a broken record at this point, but it’s true. As the chart below shows, the leading cryptocurrency has again been stuck in the low-$9,000s for days on end, failing to react to news events and technicals. Chart […]

From a medium-term perspective, it’s been an extremely strong year for Ethereum. Advertisements From the capitulation lows of approximately $85 seen in March of this year, the largest altcoin has gained around 200%. And since the start of the year, ETH’s gains are approaching 100%. But stepping back, Ethereum is actually a poor performer on […]

Ethereum entered a consolidation period over the past week that has led to the formation of a descending triangle on its 4-hour chart. A horizontal trendline developed along with the swing lows while a descending trendline formed along with the swing highs. Advertisements The continuation pattern estimates that a spike in demand for Ether that […]