Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger. Ether against Bitcoin (BTC) is one of the few bullish narratives in the short-term crypto markets this month. In a tweet on Dec. 3,… Source link

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Ethereum Ethereum fell by 1.58% on Thursday. Following a 1.07% loss on Wednesday, Ethereum ended the day at $4,514. A mixed morning saw Ethereum fall to an early morning low $4,455 before finding support. Ethereum fell through the first major support level at $4,481 before rallying to a mid-afternoon intraday high $4,637. Falling well short of the first major resistance level at $4,739, however, Ethereum slid to a late… Source link

Algorand price action has been mostly constrained between the $1.62 and $2.14 value areas over the past two months. Multiple attempts by bulls to break out higher have not met with success;at the same time bears have been prevented from moving Algorand lower. A pattern now appears to be forming which may end this impasse.    Litecoin price shows significant weakness on its daily chart, with the current support at $200 showing signs of failure. Litecoin price is… Source link

The short-term downtrend in BTC is defined by a series of lower price highs since Nov. 10, as seen in the chart above. Recently, oversold signals appeared on the charts, which could encourage short-term buying from the $53,00 support level. A decisive break above $60,000 would reverse the short-term downtrend. Source link

This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry. ETH/BTC price at FTX. Source: TradingView Notice the ascending channel formation initiated in mid-October, which likely reflects the network’s $177 billion total value locked… Source link

© Reuters. Forget Litecoin, These 4 Crypto Mining Stocks Have Performed Better in 2021 With cryptocurrencies slowly gaining acceptance, crypto mining stocks have remained in demand, as evidenced by their performance in 2021. While has gained 68% year-to-date, crypto mining stocks Marathon Digital (MARA), Riot Blockchain (NASDAQ:), Hut 8 Mining (HUT), and Bitfarms (BITF) have outperformed the digital currency. So, we think they could be good additions to one’s watch list now.Litecoin… Source link

Litecoin price action is precarious as it flirts with final support zones that would threaten a deep sell-off. $180 represents the most vital area of support for Litecoin, which it must hold. Recent whipsaws in Litecoin’s movement make upside potential difficult. Litecoin price shows significant weakness on its daily chart, with the current support at $200 showing signs of failure. Litecoin price could retest its final and most substantial level of support at… Source link

However, the U.S. regulatory stance on activity like this remains complicated. Depending on the bank and what exactly is being proposed, regulation could come from a mix of the OCC, the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). Source link

“The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with an increased commitment by asset managers,” said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of CEC Capital. The report was released on Friday. “Having said that, it won’t be enough to commit to the $100,000 rally this month as everyone is/was predicting.” Source link

The cryptocurrency Ethereum ( ETH -1.47% ) has one big problem: transaction speed. The blockchain network processes fewer transactions per second than smaller, newer rival Cardano ( ADA 8.77% ). This is just one of the reasons Cardano has been able to gain ground. Cardano is now the sixth-largest crypto by market cap. (Ethereum holds the second spot, after crypto leader Bitcoin.) But Ethereum won’t be a laggard forever when it comes to speed. An upgrade is in progress, with the… Source link