Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Ethereum Ethereum fell by 1.07% on Wednesday. Partially reversing a 4.16% rally from Tuesday, Ethereum ended the day at $4,587. A bullish morning saw Ethereum rise to a late morning intraday high $4,785 before hitting reverse. Falling short of the first major resistance level at $4,812, Ethereum slid to a late intraday low $4,527. Steering clear of the first major support level at $4,404, however, Ethereum found support… Source link

Bitcoin ( BTC -0.30% ) has nearly doubled in value so far in 2021 with just a month to go until the new year. It’s been a wild ride getting there, though. After a big surge last winter, the original cryptocurrency was halved in price over the summer, only to reclaim all-time highs again in the autumn. But with the new omicron coronavirus variant sending investment markets into turmoil again, the arbitrary but long-awaited $100,000 Bitcoin milestone (74% higher than the going price… Source link

Ether, the native currency on the Ethereum blockchain, approached a fresh all-time high on Wednesday as bitcoin — the largest cryptocurrency in the world — lagged almost 20 percent below its record price. The price of ether rose almost 2 percent Wednesday morning from the day prior and was last seen trading at $4,692 per coin, just 3.5 percent below the crypto’s all-time high of $4,858.82 reached last month, according to data from Coinbase. At the same… Source link

Bitcoin (BTC) met the start of U.S. trading with a bang on Dec. 1 as the Wall St. open sparked a run above $58,500.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $56,000 may have been resistance flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 2% in an hour Wednesday, canceling out the majority of overnight losses. The pair had hit $59,000 the day before in a similarly-timed move before giving up progress to dive to local lows of $56,700… Source link

Cryptocurrency investments have gotten a lot of attention lately, due in part to the huge returns that some, like Ethereum (CRYPTO:ETH) have generated. What is Ethereum? It is a blockchain technology platform that allows software developers and programmers to create applications that can be transacted using a token called Ether. Among the items that are traded using Ether are NFTs, or non-fungible tokens, as well as decentralized finance… Source link

Cryptocurrency has had a rollercoaster of a year, experiencing record-breaking highs and devastating lows over the past 12 months. Bitcoin ( BTC 0.53% ) is the most popular and the most well-known cryptocurrency, with a market cap of more than $1.1 trillion — making up nearly half of the $2.6 trillion crypto market as a whole. While Bitcoin has its fair share of advantages, there’s another cryptocurrency that could potentially overtake it in the future: Ethereum ( ETH 1.40% )…. Source link

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Ethereum Ethereum rallied by 4.16% on Tuesday. Following a 3.51% gain on Monday, Ethereum ended the day at $4,635. A mixed morning saw Ethereum fall to a late morning intraday low $4,351 before making a move. Steering clear of the first major support level at $4,332, Ethereum rallied to an early afternoon intraday high $4,759. Ethereum broke through the first major resistance level at $4,516 and the second major… Source link

Recently, the $60,000 resistance level has been a key hurdle for buyers despite oversold readings on the charts. So far, support levels remain intact, which could establish a tight trading range between $55,000-$60,000 into the Asian trading day. BTC was trading around $57,800 at press time. Source link

Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets. Ether ETH/USD price at Bitstamp. Source: TradingView While it is possible to draw a descending channel that shows support at $3,960, today’s 5.4% positive move seems decoupled from Bitcoin’s (BTC) negative… Source link

“As BTC is looking good to close November below the expected target of $60,000, investors are optimistic that the cryptocurrency will repeat its historic trend of ending the year on a stellar bullish note,” Nikita Rudenia, co-founder of asset management firm 8848 Invest, wrote in an email to CoinDesk. Rudenia has a $70,000 BTC price target by the end of this year. Source link