Key Support levels: $4,000 Key Resistance levels: $4,350, $4868 (ATH) ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions. This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls… Source link

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) that aims to decrease transaction costs by five times. Ethereum developer Tim Beiko discussed the idea as well, and talked about possible… Source link

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade Volumes Increase Every month Cryptocompare publishes a research report that covers the… Source link

Kraken CEO Jesse Powell took to Reddit this week to discuss the situation surrounding the dropping of Monero in the U.K. He implied it was a decision he didn’t want to take, but with one eye on the “broader business” in the U.K, it was something he was forced to do. “Unfortunately, we have to pick our battles and look out for the broader business in the country.” Driven by Financial Action Task Force (FATF) directives, privacy tokens have become demonized over the past two years or… Source link

Ethereum has been on a tear this year. It’s outperformed bitcoin and has hit an all-time high. Ethereum has even won over people like Mark Cuban. “I have my fair share of bitcoin, but I’m more of an Ethereum maxi,” Cuban said on a recent episode of the Next with Novo podcast. Cryptocurrency “maximalists” are usually regarded negatively in the industry. However, Cuban uses the term to indicate that he prefers Ethereum over other blockchains. “We’re seeing a rush where there’s… Source link

Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers keen at $53,000 Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday’s $6,000 red candle. Although quiet into Sunday, the pair nonetheless dipped below a major zone of support on weekly timeframes, opening up the potential for its lowest end-of-week levels since… Source link

On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin (BTC) itself would reach a new all-time high for its price in U.S. dollars. This comes a week after the U.S. Securities and Exchange Commission allowed the ETF’s application to expire, which effectively gave the okay for the product to move ahead.  This marks… Source link

Widely followed crypto analyst Pentoshi says that an Ethereum rival is jostling for new all-time highs as ETH also looks ready to fly in its Bitcoin pair. The pseudonymous analyst tells his 375,000 Twitter followers that the chart for Ethereum-scaling solution Polygon (MATIC) is hinting at a sizeable price spike. “Not sure if this has any good [fundamental analysis] coming but looks that way. Charts look telling. In my opinion, new all-time highs coming soon. Higher lows and… Source link

While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum (ETH) and other cryptocurrency products pick up steam against falling Bitcoin assets under management (AUM). The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw… Source link