Ethereum

3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks

Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion.  In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength index (RSI), a momentum-gauging indicator, above 70 — a mark that analysts consider overbought. Seemingly, traders with short-term risk setups sold the Ether top to… Source link

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Bitstamp CEO says he’s been ‘blown away’ by interest in ether staking as exchanges gear up for ethereum 2.0

Excitement is building around ethereum staking. Dado Ruvic/Reuters Bitstamp’s CEO has been “blown away” by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The CEO of crypto exchange Bitstamp has been… Source link

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Ethereum 2.0 Staking Interest Has Blown Me Away, Bitstamp CEO Says

Bitstamp’s CEO has been “blown away” by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. … Source link

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Traders forecast $3K Ethereum price but derivatives data suggests otherwise

Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4.  Traders and investors view the EIP-1559 launch as a bullish factor for Ether price because it is expected to reduce gas fees. However, Ether miners are not thrilled with the proposal because the proof-of-work model will no… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 30th, 2021

Ethereum Ethereum rose by 3.59% on Thursday. Following a 0.01% gain on Wednesday, Ethereum ended the day at $2,383.32. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,267.78 before making a move. Steering clear of the first major support level at $2,248, Ethereum rallied to a late intraday high $2,399.99. Ethereum broke through the first major resistance level at $2,351 to end the day at $2,380 levels. At the time of writing, Ethereum was down by 0.45% to $2,372.50…. Source link

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Ethereum price can hit $14K if the March 2020 chart fractal holds

Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year. Ether price fractal First spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative strength index (RSI). Ether closed above its 50-day SMA in July 2021, the first time since the May 2021 bearish correction. As… Source link

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Ethereum Devs Grapple With Worst-Case Scenarios

This week, I’ll discuss the fallout from last Wednesday’s test network issues that revealed a bug in Ethereum’s majority software client, Geth. Though a patched version of Geth software has since been released for London, some users, developers and mining pools are calling for further testing of the upgrade, which is scheduled to go live next week. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto… Source link

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Latest Ethereum price and analysis (ETH to USD)

Ethereum is currently trading at $2,300 following a tremendous rally that has seen its price increase by 28.44% in the past week. The world’s second-largest cryptocurrency is now lining up a test of the $2,600 level of resistance after closing above daily 50 exponential moving average for the first time since June 7. Much of it will also depend on if Bitcoin can close a daily candle above the $40,400 level. This would confirm a bullish breakout on Bitcoin, which would result in a subsequent… Source link

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These High-Flying Stocks Can Run Circles Around Ethereum

For over a century, the stock market has been one of the world’s top wealth creators. While stocks might not outperform every year, equities have delivered a significantly higher average annual return relative to other asset classes. But over the past decade, the supremacy of the market has been called into question by the returns of highly volatile cryptocurrencies. In particular, the popular Ethereum (CRYPTO:ETH) token Ether has returned close to… Source link

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