Ethereum

Ethereum’s native token, Ether (ETH), could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern. Ether’s price technicals: Bullish signs Ascending triangles are bullish continuation setups that appear during an uptrend. Analysts confirm their presence after the price rises upward inside a rising right-angle triangle structure, thus forming a sequence of lower highs on the lower trendline with resistance in place at the upper… Source link

Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong recovery wave if it clears the… Source link

What happened  After a rough weekend, the trading week didn’t start off well, with most cryptocurrencies dropping early in trading on Tuesday. Macro tensions with Russia continue to be a hot topic, as are the freezing of financial accounts in Canada.  Solana ( SOL 5.30% ) fell as much as 6.6% in the past 24 hours, Ethereum ( ETH 2.14% ) dropped up to 4.9%, and Chainlink ( LINK 2.44% ) was down as much as 7.2%. Values hit their lows around midnight overnight and have been… Source link

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin fell below the $39k area in the past few days as fears over inflation and invasion grew. In late January and early February, the short-term market structure flipped bullishly- but a crucial level of resistance was not tested as Ethereum slumped on the charts once more. A recent report highlighted how the perception that the Ethereum network’s powerhouse is… Source link

The Ethereum ( ETH 1.14% ) blockchain is powered by the ETH coin, a cryptocurrency with a market value of $320 billion. Only Bitcoin is worth more. And Ethereum’s success can be attributed to its programmability. Specifically, developers can use the platform to build and deploy decentralized applications (dApps), software that exists on a peer-to-peer network rather than centralized corporate services. Decentralized finance (DeFi) products are a type of dApp. They allow… Source link

Bitcoin price is consolidating losses above USD 37,000. Ethereum tested the USD 2,500 support, XRP spiked to USD 0.665. Many altcoins are still down over 10%. Bitcoin price gained bearish momentum below the USD 38,000 level. BTC even tested the USD 36,500 level. It is currently (11:30 UTC) consolidating losses and might recover to USD 38,500. Similarly, most major altcoins are consolidating losses. ETH tested the key USD 2,500… Source link

Ethereum extended decline below the $2,700 support against the US Dollar. ETH price is struggling and might even decline below the $2,500 support. Ethereum started a major decline below the $2,800 support level. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but the bears might remain active near $2,650 and… Source link

Ethereum price is now at its most vulnerable position since December 28, 2021. One final Ichimoku level preventing a total collapse of ETH must hold. Key resistance ahead must be broken to prevent a sell-off. Ethereum price action has not been immune to the broader effects weighing on risk-on markets. Fears of an imminent invasion of Ukraine by Russia have sidelined many market participants or have scared off investors entirely. However, a new bull market and… Source link

What happened Investors of all stripes continue to be on edge, with high-level uncertainty driving many investors to seek out safety. While this has meant a mostly red week for top cryptocurrencies, Ethereum ( ETH -1.65% ), Shiba Inu ( SHIB -0.33% ), and Quant ( QNT -2.43% ) have each recovered nicely today. These three tokens appreciated 2.4%, 3.7%, and 11.1% over the past 24 hours, as of 12:30 p.m. ET.  Ethereum appears to be getting a boost from this… Source link

Just like Ethereum is home to many decentralized apps, Polkadot is the underlying platform for an increasing number of projects that aim to use all the benefits of processes such as sharding and features such as parachains. Ethereum revolutionized how we view and use blockchain technology, as it offered a way to utilize smart contracts and harness blockchain’s power for things other than cryptocurrencies. However, it was just one in the sea of different blockchains that had no communication… Source link