Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market cap, reached an all-time high of $2,151 earlier this week but has struggled to find support above $2,000. What Happened: According to a market intel report from Chainalysis, the cryptocurrency’s cost curve suggests that Ethereum’s peak price has a narrower base of support than Bitcoin (CRYPTO: BTC)’s peak price. The strongest level of observed demand for Ethereum (ETH) was at… Source link

Popular trader Nicholas Merten says Litecoin (LTC) is poised to significantly outperform Ethereum over the course of the next month. In a new DataDash video, Merten notes that LTC appears to be bottoming out against Ethereum. The trader reveals that he allocated a significant chunk of his portfolio into the Bitcoin fork as he believes it may rise significantly in its ETH pair. “At this range here, Litecoin historically did a 5x against Ethereum… That’s… Source link

“Conventional” Wisdom? Not Around Here… The chart you’ve just seen from EWI’s Crypto Pro Service is exactly what we mean when we say: “Analysis & forecasts you won’t see or read elsewhere.” Unique charts and analysis are a daily (and intraday) feature of our work in Crypto Pro Service, where we cover 7 major cryptos — including Bitcoin, Ethereum, Litecoin and Monero — 24 hours per day. Follow the link below for more. Source link

Ethereum, Bitcoin and other cryptocurrencies continue to trade well, with most up massively on the year.  In fact, many are fresh off new all-time highs or are just below those highs made earlier this year. It’s prompting many to ask what’s next for this asset group. For Ethereum, the cryptocurrency has a more recent catalyst catalyst: NFT. The market for NFTs – or non-fungible tokens – has taken off. We’ve seen athletes like Eli and Peyton Manning, artists, musicians, producers and… Source link

Diagonal chain made of zeros and ones. Cryptocurrency and mining. Bitcoin has been around for over a decade now and offered investors a major opportunity for the last few years. After its massive selloff in 2018, though, it wasn’t until 2020 when Bitcoin and the entire cryptocurrency industry began to see rapid gains once again. There are several reasons why Bitcoin is worth an investment today. So, it’s no surprise to see the digital currency rallying as fast as it has. There are other… Source link

The debate around the value of cryptocurrencies, and bitcoin in particular, continues in financial markets as leading institutional investors debate its role in portfolios. One strategist with an optimistic take on bitcoin’s value is Dhaval Joshi, chief strategist for BCA Research’s Counterpoint product. He shared questions from one of his skeptical clients and answered them. Joshi’s major argument is that bitcoin BTCUSD, +0.60% will… Source link

The Monero price has been in recovery mode recently after it dropped by 40% in February to a low of $171. Today, the XMR price is trading at $265, which is 54% above the February  23 low. Its market cap has risen back to $4.65 billion but its ranking has dropped to 28. What happened: Monero is a popular cryptocurrency that is known for its strong encryption and privacy. Unlike Bitcoin whose transactions can be tracked, Monero transactions can never be… Source link

The strong Ethereum (ETH) price rally has recently hit a wall. This week, ETH price surged to its all-time high of $2,145 and then erased some of those gains. Yesterday, it dropped to $1,925, which was the lowest level since April 1. Its market cap now stands at $233 billion, according to data compiled by CoinMarketCap. What happened: Ethereum has been on a strong rally in the past year, helped by low interest rates and the overall interest in digital… Source link

Ethereum Ethereum slid by 7.06% on Wednesday. Reversing a 0.26% gain from Tuesday, Ethereum ended the day at $1,964.23. A bullish start to the day saw Ethereum rise to an early morning intraday high $2,128.99 before hitting reverse. Falling short of the first major resistance level at $2,161, Ethereum fell to a mid-day intraday low $1,929.69. The sell-off saw Ethereum fall through the first major support level at $2,056 and the second major support level at $1,998. A choppy 2nd half of the day… Source link

Litecoin price pulling back slightly after nearing February high. Symmetrical triangle continuation pattern remains live. Weekly Relative Strength Index (RSI) no longer overbought. Litecoin price broke above the upper trend line of the symmetrical triangle on April 3 and has followed through this week, with price coming up just short of the February high at $247.00. The mild pullback near the February high is not unusual and should not be a reason to call the end of… Source link