Ethereum

(Kitco News) The crypto space saw another sudden crash over the weekend as Bitcoin and Ethereum posted significant losses, eroding future price outlooks. Bitcoin was below $28,000 on Sunday, down 6% during the last week. And Ethereum witnessed even bigger losses, touching a low of $1,433 — the lowest level in about a year and a half — and now trading down 15.6% on the week. The key macro driver hurting the crypto space, which has largely been trading like a risk-on… Source link

Ethereum lost 20% of its value in the last three days and has performed much worse than Bitcoin. Speculations about the Celsius network liquidity crisis have intensified the panic sell. Where is the bottom? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears could finally push the price below the key support of $1,700 (marked yellow on the following chart). ETH is now trading at its lowest levels since March 2022. At present, it… Source link

Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push way lower on weekly rsi, not trying to catch a bottom. https://t.co/kLCynTKTcS — The Wolf Of All Streets (@scottmelker) June 12, 2022 ETH eyes oversold… Source link

Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens risk asset ‘pump’ to 1929 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside. With hours to go until the weekly close, the pair was in danger of resuming the losing streak, which had previously seen a record nine weeks of red candles in a… Source link

Hundreds of thousands of crypto traders are getting their positions liquidated as Ethereum (ETH) and the rest of the digital asset markets witness another large sell-off event. Data from cryptocurrency futures trading and information site Coinglass shows that more than $521 million worth of crypto positions have been obliterated in the last 24 hours. Traders who were betting on a relief rally suffered the brunt of the sell-off as over $443 million worth of long positions were… Source link

Cryptocurrency has long been downplayed by governments and central banks as a fantasy world; a place of make-believe for rich kids; a currency of no real substance. This has never been the case though, and now more than ever we are seeing just how important cryptocurrency is for the future of financial independence for the human race. Mehracki (MKI), Ethereum (ETH) and Dash (DASH) are making cryptocurrency very much part of the real world, and each poses a huge threat to the global elite’s… Source link

The total number of addresses on June 6 amounted to 207,606,780 ETH Price at the time of writing – $1,797.71 Ethereum’s total value locked in decentralized finance shrunk 35%  Notwithstanding the cryptographic money market switching back and forth between red and green, battling to hit a bullish streak, one of its significant resources – Ethereum (ETH) – has been gathering countless new addresses. In particular, the organization has been adding around 500,000 new addresses every… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market couldn’t hold on to gains it made last week following eight consecutive weeks of decline. According to CoinMarketCap data, all of the top 10 cryptocurrencies fell in the past week by at least 3% except Cardano (ADA), which is up 6% on the week. Market leader Bitcoin weathered the storm better than most leading coins and declined just 3% in the last seven days. It trades for $28,733 at the time of writing.

Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000. Bitcoin Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest inflation report. Data from the United States showed that inflation came in at a 40-year high of 8.6%, which is higher than the 8.3% many had… Source link

Late Friday, Ethereum was once again feeling the pinch of the broader crypto market, trading below $1,800, as prices retreated for the fourth consecutive session. In spite of these little losses, the bearish momentum has prevented ETH from breaking through the $1,800 barrier in the last seven days. After a sluggish pace in April, inflation surged again in May, which might have a negative influence on cryptocurrency markets already suffering from the Federal Reserve’s stricter monetary… Source link