Key Takeaways Ethereum sits on top of stable support following an 87% rally. However, a particular technical indicator recently presented a sell signal. A spike in downward pressure could see ETH drop toward $2,500. Share this article Ethereum has been on a roll lately after undergoing one of the most anticipated hard forks. Although the crowd sentiment remains bullish, multiple indicators suggest that a pullback is underway.  Ethereum Shows Red Flags The second-largest cryptocurrency… Source link

Bitcoin, the world’s No. 1 crypto and the genesis of the current revolution in digital assets may one day bow down to a new king of the sector, speculates a researcher. “Ethereum will continue to outperform Bitcoin in 2021 and will, ultimately, exceed its rival’s value,” wrote Nigel Green, chief executive and founder of deVere Group, a large financial advisory firm and asset manager, in a Wednesday note. Green makes the case that bitcoin … Source link

A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive. Bitcoin hash ribbons. Source: Glassnode Hash ribbons are based on Bitcoin’s network hash rate behavior and are designed to tell investors when the price is… Source link

What happened Cryptocurrency prices traded sharply lower Wednesday, with Bitcoin (CRYPTO:BTC) prices down 2% over the past 24 hours, according to data from Coindesk. As of 10:15 a.m. EDT, Ethereum (CRYPTO:ETH) investors are being treated to a 4.9% decline, while Dogecoin (CRYPTO:DOGE) is suffering worst of all — down 9.6%. The question is why? Image source: Getty Images. So what Today’s headlines contain a couple of notes that may be worrying

Bitcoin and Ethereum have taken off in 2021 and have further upside, predicts strategist Lyn Alden. Cryptocurrencies are highly volatile and dependent on sentiment, headlines, and regulatory policies. According to Alden, there are only two altcoins that are worth considering. Bitcoin (BTC) will hit $100,000 in 2022 and Ethereum will reach $5,000, predicts Lyn… Source link

US dollar extends its negative early-day moves, remaining well offered during the European session. Cautious sentiment ahead of the Federal Open Market Committee (FOMC) Minutes, also significantly undermining the dollar. XMR/USD pair is trading at the 252 level, having disrupted the support level of 263. The XMR/USD coin failed to stop its declining streak of the previous session, taking further offers around the $250.00 level. The recently discovered Monero (XMR) glitch is still impacting the… Source link

Tomorrow, the first backward-incompatible upgrade for the Ethereum 2.0 Beacon Chain will be activated on the Pyrmont test network. The upgrade, dubbed “Altair,” will introduce a number of code changes, including increased penalties on validator misbehavior and improved functionality for lightweight versions of Eth 2.0 software.  (More information about what to expect from Altair can be found in a previous issue of Valid Points.) This article originally appeared in Valid Points,… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Find Out: Where Does Cryptocurrency Come From?Binance Coin… Source link

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