ETHUSD

TA: Ethereum Regains Strength, Indicators Suggest Fresh Run To $4,850

Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA. Ethereum started a fresh increase above the $4,600 and $4,700 levels. The price is now trading above $4,650 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains above the $4,800 resistance zone in the

TA: Ethereum Regains Strength, Why $3,200 Is The Key For More Upsides

Ethereum started a steady increase above $3,000 against the US Dollar. ETH price must clear the $3,200 to continue higher in the near term. Ethereum started a strong increase from the $2,750 support zone. The price is now trading above $3,000 and near the 100 hourly simple moving average. There was a break a major declining channel with resistance near $2,925 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass $3,175 and $3,200 to continue higher in the near term. Ethereum Price Is Gaining Momentum

Kraken Supports Ethereum 2.0 Clients Team Alongside Five DeFi Projects With A $250K Donation Each

Kraken and five other DeFi projects contribute $250,000 each to support the teams that work on the Ethereum upgrade. In addition, they donated the sum to the ETH Foundation to develop the network’s version 2.0. Open-source developer teams like Erigon, Besu, Nimbus, Geth, and Nethermind will join the ETH Foundation in the donation. 1/ A diverse execution-layer client ecosystem is at the heart of all that we’re building together. Today, we're excited to announce that @compoundgrants, @krakenfx, @LidoFinance, @synthetix_io, @graphprotocol & @Uniswap are donating $250K each to support #Ethereum client

Ethereum Issuance Drops Below Bitcoin’s For the First Time, Why This May Lead to a New Rally

Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves sideways into the weekend on the 24-hour chart. Source: ETHUSD Tradingview After the implementation of EIP-1559, Ethereum’s native token became a deflationary asset due to the change in its fee mechanism. To validate transactions on the network a portion of ETH is “burn”, meaning

A Crypto Trader Thinks Ethereum Could Plunge Towards $300 as Momentum Slows

After Bitcoin and Ethereum attempted to surge past $12,000 and $400, respectively, the momentum has tapered off. Over the past day, the leading cryptocurrencies have plunged lower despite a weakening U.S. dollar. As of the time of this article’s writing, ETH is down 2.85% in the past 24 hours and now trades for $385. Analysts say that Ethereum is primed to move towards $300 as last week’s highs hold as resistance. The bearish sentiment can be corroborated by the trajectory of gold, which has flipped negative after a strong rally

Here’s Why Analysts Are Expecting For Ethereum To Drop Back Towards $370

Ethereum, following Bitcoin’s lead, is effectively flatlining into the week’s close around $390. This is above critical support levels, though bulls are not yet convinced that ETH is primed to move higher. Analysts say that ETH could actually drop towards the $370 level, then push higher. Multiple analysts agree with this line of reasoning, citing a variety of technical reasons. Ethereum does have a positive fundamental case, though, that may limit downside. What may also limit the downside for the leading cryptocurrency is strength in the price of Bitcoin. Ethereum

Analysts Fear an Ethereum Drop to $300 As Price Becomes “Heavy”

Ethereum has begun to drop over the past 24 hours as the asset was once again rejected at $400. $400 is a psychological and technical resistance for the leading cryptocurrency, which is still up 50% in the past two weeks. Analysts believe that the recent price weakness could be a precursor to a stronger retracement in the days ahead. One commentator is predicting a drop to $300. This purportedly lines up with important technical levels on Ethereum’s medium-term chart. Investors in ETH should watch Bitcoin and other markets for some

Ethereum DeFi’s Ampleforth (AMPL) Drops 20% Despite “Whale” Accumulation

Ampleforth (AMPL) has been one of the top-performing cryptocurrencies over the past month. The asset, whose long-term price performance is measured by its market capitalization rather than its nominal price, gained ~5,000% in July. The asset has seen a steep correction over the past week as the focus of crypto investors has been on Bitcoin and Ethereum. After a recovery, AMPL is dropping once again. This drop comes in spite of positive on-chain and social media signs, according to blockchain analytics firm Santiment. Ampleforth Drops 20% Despite On-Chain Data Indicating

Ethereum’s Compound (COMP) Slides to Multi-Month Low Despite DeFi Explosion

While Bitcoin and Ethereum have seen notable bounces since imploding on Saturday evening, Compound and other altcoins are underperforming. The Ethereum-based coin is down 7.5% in the past 24 hours as per data from Coin Market Cap. This comes in spite of the fact that decentralized finance (DeFi), which Compound is a market leader in, has seen strong adoption. Altcoins could see further losses against Bitcoin and the dollar if the market leaders continue to undergo bouts of volatility. Compound Slides Lower In Spite of DeFi Strength The Ethereum-based Compound

What Are Analysts Saying After Ethereum Crashed 26% in Under Ten Minutes?

After a nearly unstoppable rally, Bitcoin and Ethereum faced an extreme correction just an hour ago. After moving above $12,000 for the first time in a year, BTC slipped by about $1,500 in five minutes while Ethereum crashed upwards of 26%, per some reports. Chart of ETH's recent price action from TradingView.com This extreme move — which was arguably one of the fastest drops in the history of this market — sent ripples throughout the market. According to one trader, $1 billion worth of Bitcoin and Ethereum futures positions were

Ethereum Rockets to $380 to Post 10% One-Day Surge: What’s Next For ETH?

What a past few weeks it’s been for Ethereum. The second-largest cryptocurrency is up approximately 50% in the past 10 days alone, with bulls finally flooding to purchase ETH after a strong macro bear market. The asset trades at $382 as of this article’s writing, going effectively parabolic on a macro scale. In the past 24 hours alone, Ethereum has gained 10% against the U.S. dollar, outperforming Bitcoin, which is up by only 4%. Chart of ETH's price action over the past two weeks from TradingView.com A $2.5 Million Liquidation

Ethereum Price Prediction: ETH/USD Price Corrects Downward After Having Created a Mirage around $176

ETH Price Prediction – April 7The Ethereum price breaks above $175 and a stronger retest of previous resistance are expected.ETH/USD MarketKey Levels:Resistance levels: $200, $205, $210Support levels: $130, $125, $120ETHUSD – Daily ChartToday, ETHUSD is trading in the red by -3.59% in the session. This battle comes after ETH/USD tried and failed to extend gains past $176 which happens to be the daily high as at the time of writing. Ethereum price is back under $170 and currently exchanging hands at $165.35. Moreover, ETH/USD is moving above the 9-day and