ETH Price

TA: Ethereum Could See “Liftoff” if It’s Able to Hold One Crucial Level

Ethereum started a steady increase above $3,250 and $3,300 against the US Dollar. ETH price is now struggling to gain strength above $3,400 and $3,450. Ethereum started a downside correction after it faced sellers near the $3,500 zone. The price is now trading above $3,200 and the 100 hourly simple moving average. There was a break above a declining channel with resistance near $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,275 support. Ethereum

Investor: This Pyramid Scheme Is Keeping the Ethereum Price Afloat At $350

Ethereum has seen quite the volatility over recent months. After surging hundreds of percent from the March lows until the recent highs, the asset has undergone a strong 35% retracement. ETH remains much higher than it was just a few months ago, which is a bullish sign. Ethereum’s relatively high prices might not last for long, though. Prominent cryptocurrency investor and commentator Dovey Wan believes that ETH’s price action is being sustained by a pyramid scheme. If that pyramid scheme collapses, she suggested, ETH’s price could slump. This is similar

‘DeFi Is the Tesla of Crypto’ – Mike Novogratz

The decentralized finance (DeFi) space has hit the cryptocurrency market like a bull in a china shop. And Galaxy Digital CEO Mike Novogratz is having flashbacks of the 2017 ICO bubble, but that’s not all. Novogratz, a former Wall Street hedge fund manager, in an interview with BNN Bloomberg, drew parallels between DeFi projects and high-flying electric-vehicle maker Tesla, which worries him. That’s because TSLA shares have shot up several hundred percent this year so far and are trading at more than 1,000 times earnings. The gains are coming hand

Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin

As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC).The price of Ether against the price of Bitcoin. Source: SkewThroughout the past two months, ETH has sustained strong upwards momentum buoyed the rising user activity on Ethereum. Data from Etherscan shows that the daily transaction volume on Ethereum rose from around 420,000 in January to over 1.2 million transactions per day in August.Why ETH price is surging and the demand