Ethereum price holds steady above the $3,000 psychological level, as it eyes higher highs. ETH worth $183 million was burned after the London hard fork ushered in a new era of deflation. On-chain metrics show little-to-no resistance levels, hinting at a bullish outlook for the altcoin. Ethereum price is currently experiencing a pullback after attempting to rally through a thicket of resistance barriers. However, the retracement seems to be holding above a crucial… Source link

The Monero price has been left behind in the cold as the ongoing altcoin season continues. The XMR is trading at $253, which is about 57% above the lowest level in July.  The price has dropped by about 0.45% today and by about 7.65% in the past seven days. It has a market capitalization of more than $4.6 billion and is the 29th biggest coin in the world. Monero unloved Monero is a cryptocurrency that was started in 2014. The concepts behind it was similar to that of Bitcoin, the… Source link

Ethereum‘s native Ether token (ETH) may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Aug. 18, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” which could yet give ETH the edge over BTC. Ethereum liquidity shortfall “intensifying” With Bitcoin up over 50% versus its lows of $29,000, altcoins have also begun to reawaken, with Ethereum no exception. The largest altcoin has recaptured $3,000, a level… Source link

Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the latest dip marks a $3,800 comedown after Bitcoin saw rejection at $48,000 several days ago. This was expected — seller pressure from that… Source link

Ethereum Ethereum fell by 4.31% on Tuesday. Following a 4.97% slide on Monday, Ethereum ended the day at $3,011.01. A mixed start to the day saw Ethereum rise to a midday intraday high $3,293.15 before hitting reverse. Falling short of the first major resistance level at $3,280, Ethereum slid to a late intraday low $2,992.15. Ethereum fell through the first major support level at $3,074 and the second major support level at $3,001. Finding late support, however, Ethereum broke back through the… Source link

Cryptocurrencies were mostly lower on Tuesday as declining volume suggests a pullback is near. Bitcoin was trading around $45,418 at press time and is down about 1.6% over the past 24 hours.  Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.   “While many of the technical and on-chain indicators confirm this rebound’s strength, it may still be early to say we are out of the woods,” Nathan… Source link

Ethereum Classic (CRYPTO: ETC), Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) were just a few of the popular cryptocurrencies consolidating on Tuesday. All three cryptos had a relative strength index (RSI) registering above 70% which put them into overbought territory and the consolidation was needed. For technical traders, an extended RSI is a sell signal and some traders of the cryptos may have decided to sell some or all of their positions with the hope to buy back and lower or average… Source link

Ethereum Classic (CRYPTO: ETC), Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) were just a few of the popular cryptocurrencies consolidating on Tuesday. All three cryptos had a relative strength index (RSI) registering above 70% which put them into overbought territory and the consolidation was needed. For technical traders, an extended RSI is a sell signal and some traders of the cryptos may have decided to sell some or all of their positions with… Source link

Leading the crypto market for the past month, Ethereum still displays conviction as it moves back to previous highs. The second cryptocurrency by market cap has slow down in the past day, but still seems bullish to records more gains in the short term. At the time of writing, ETH trades at $3,157 with a 2% loss in the daily chart. After the EIP-1559 was introduced with the Hard Fork London, Ethereum took a stronger momentum to the upside. ETH with minor losses in the 24-hour chart. Source: Source link

The daily supply of Ethereum is under heavy pressure as the leading smart contract platform now burns thousands of ETH per day. Etherchain, an Ethereum on-chain monitoring tool, shows that the second-largest crypto asset is now torching 4.23 ETH per minute, which equates to 6,091.2 ETH burned per day, worth over $19 million at time of writing.   Etherchain also indicates that the network has burned a total of 54,482 ETH, worth over $172 million, since Ethereum launched the London… Source link