Ethereum

Ether price (ETH) spent the last two months stuck in a rut and even the most bullish trader will admit that the possibility of trading above $4,400 in the next couple of months is dim.  Of course, cryptocurrency traders are notoriously optimistic and it is not unusual for them to expect another $4,870 all-time high, but this seems like an unrealistic outcome. Despite the current bearish trend, there are still reasons to be moderately bullish for the next couple of months and using a “long… Source link

What happened  The cryptocurrency market continued its volatility this week, but for the time being it has been working for investors. The value of many cryptocurrencies jumped double-digits this week as investors bought riskier assets across the market.  Bitcoin (CRYPTO:BTC) made a big move this week, climbing 9.7%, and is up 2.7% over the last 24 hours. Ethereum (CRYPTO:ETH) was up as much as 3.7% in the last 24 hours as of 3:00 p.m. ET and is up… Source link

Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. Ethereum price back above key trendline ETH price rising above its 50-week exponential moving average (50-week EMA; the red wave in the chart below) means the price also inched above $3,000, a psychological support level that may serve as the ground for Ether’s next leg up. ETH/USD weekly price chart. Source: TradingView The 50-week EMA was… Source link

What happened Mega-cap cryptocurrencies Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL) each skyrocketed higher in early afternoon trading today. As of 1:30 p.m. ET, these three top tokens appreciated 9.8%, 12.8%, and 11.6%, respectively, over the past 24 hours.  All three initially dipped this morning following a bullish jobs report. However, since then, the crypto market has followed equities higher in early afternoon… Source link

What happened Today’s price action among top cryptocurrencies Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) certainly has investors on edge. As of 11:30 a.m. ET, these tokens have declined 1%, 0.7%, and 1.5%, respectively. As in previous weeks, high correlation among these top tokens and higher-risk equities appears to be the fundamental driver of this underperformance today. Following rather underwhelming results… Source link

Image source: Getty Images The second-largest crypto by market capitalization continues to quietly build its case for a potential breakout this year. Key points Ethereum’s current price action is trading at a 46% discount off its peak. It is maintaining share in popular NFT and DeFi arenas… Source link

Bitcoin price breaks below the short-term uptrend and looks set to dip further. Ethereum price is similar and breaks below crucial support and short-term trend line. XRP price is set to make a bearish break out of a pennant, possibly set for more losses. The whole cryptocurrency space contained losses for now as Meta earnings issued a warning and rattled the Nasdaq index with losses in the ASIA PAC and European session. These negative headwinds spill over to… Source link

Cryptocurrencies, generally, have been a spectacular asset class to own throughout the years. But Ethereum (CRYPTO:ETH), in particular, is in a league of its own. The smart-contract blockchain’s native coin ETH has skyrocketed more than 24,000% over the past five years. This type of return was certainly life changing for the lucky ones who were prescient and bold enough to have gotten in at that time.  However, cryptocurrencies are still a nascent… Source link

Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing. This decline saw prices hit an intraday low of $38,271.44, following a high of $39,115.13 during Tuesday’s market session, which raised hopes for those targeting $40,000.

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