Ethereum could retest support at $3,018.. Prices are getting squeezed both ways.  A rally to $3,600 is yet possible. Ethereum (ETH) is consolidating in its price action. Price is getting squeezed in from both sides by buyers and sellers. The highs are getting lower, and the lows are getting higher. A breakout looks imminent, and it will be critical to see if ETH can run up again toward the higher boundary at $3,391. Since the rally upwards on August 7, ETH is… Source link

The cryptocurrency market continues to perform well in the last trading days of August 2021, Bitcoin has stabilized above the support of $ 48,000, and this situation also supports the price of Solana SOL / USD, Cosmos ATOM / USD and Litecoin LTC / USD. The cryptocurrency market continues to attract large investors, and according to the latest news, Coinbase will invest $ 500 million in Bitcoin, Ethereum, and other crypto assets. Morgan Stanley also recently announced that its mutual… Source link

The cryptocurrency market continues to perform well in the last trading days of August 2021, Bitcoin has stabilized above $48000 support, and this situation also supports the price of Solana SOL/USD, Cosmos ATOM/USD, and Litecoin LTC/USD. The cryptocurrency market continues to attract big investors, and according to the latest news, Coinbase will invest $500 million into Bitcoin, Ethereum, and other crypto-assets. Morgan Stanley also recently announced that its investments… Source link

Following the bug and the split that occurred after a great number of Geth nodes did not upgrade, Ethereum fees have risen dramatically since August 21, jumping from $11 per transaction to today’s 0.0088 ether per transaction ($27.98). Ethereum Transaction Fees Skyrocket Ethereum is the second-largest crypto asset in terms of crypto market capitalization with a $375 billion market cap or 17.4% of the crypto economy’s $2.16 trillion. ETH is up 34.3%… Source link

The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing.  Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com In detail, the Fed chairman Jerome Powell delivered a mildly dovish outlook during his speech on Friday at the annual Jackson… Source link

Bitcoin Cash and Litecoin registered gains following the recoveries noted by Bitcoin and Ethereum. BCH gained a substantial 7.5% while eyeing the next price ceiling at $722.90. Litecoin, after recording a 2.7% increase, traded near its $180.87 resistance mark. Some altcoins, however, displayed consolidation on their respective charts. For instance, AXS declined 0.8% and exhibited constricted price action.  Bitcoin Cash (BCH) BCH/USD, TradingView BCH was trading at $668.71 after it logged… Source link

Altcoin Daily host Aaron Arnold says he believes Ethereum (ETH) is poised for a massive move up amid exponentially strong fundamental growth. In a new video, Arnold tells his 952,000 YouTube subscribers that Ethereum is going through a supply shock courtesy of the EIP-1559 update, which permanently removes a certain amount of ETH from the circulating supply each time a transaction is processed.   “The Ethereum block space is getting used and because Ethereum changed its monetary… Source link

The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the BTC/USD bids has coincided with lower peaks in momentum, suggesting that the pair’s upside momentum is weakening out. Bearish divergence A normal RSI momentum tends to… Source link

ETH price challenges 21-DMA support amid selling resurgence. RSI turns south but holds above 50.00, keeping bulls hopeful. A rally towards $3400 remains in the offing if $3070 holds. Ethereum, the no.2 widely traded digital asset, is feeling the pulling of the gravity once, extending its bearish momentum into the second straight day this Sunday. With the selling resurgence, ETH price reverses half the rebound from weekly lows of $3050 reached last Friday. The… Source link

A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the past month, gaining 292.9%, 212.2%, and 191.4% in value, respectively, according to CoinGecko.   Glassnode first discusses the “spike in interest” on AVAX… Source link