Ethereum

ETH managed to rally towards the next major key resistance level at $2,800. So far, since recording a bottom of $2160 just a week ago, Ethereum’s price had seen massive 30% gains. Key Support levels: $2,550, $2,200 Key Resistance levels: $2,805, $3,000 ETH closed in green the past five days, reaching the key resistance at $2,805 (20-day moving average line). Now price is consolidating just under this key level in anticipation of a new attempt to break above – in case the… Source link

Follow the money. When big investors begin buying an asset, you’ll want to take note. And that’s what appears to be happening in the cryptocurrency market. Investors who own large quantities of a cryptocurrency are known as crypto whales. It’s not surprising that there are plenty of Ethereum (CRYPTO:ETH) whales since Ethereum is the second-largest cryptocurrency based on market cap. What might be surprising, though, is that Ethereum whales are buying… Source link

Bitcoin’s dominance ratio – its share of the overall crypto market capitalization – is sitting at about 42%, having dipped below 39% mid-January, according to Denis Vinokourov, head of research at Corinthian Digital. This time last year, bitcoin’s dominance was at 62%. Source link

Despite the latest drop across the board for cryptocurrencies to start 2022, Ark Invest’s Cathie Wood is looking towards the long term and sees Ethereum reaching a $20 trillion market cap by the year 2030. The second leading cryptocurrency based on market cap has seen its price drop 30% so far in 2022. That comes after reaching its own all-time high in November along with bitcoin. Nonetheless, it’s important to see the forest through the trees. In the long-term horizon, Ethereum’s use… Source link

advertisement US banking giant JPMorgan threw cold water on the two largest cryptocurrencies in a note sent out to clients this week.  Bitcoin’s volatility will be the biggest factor in obstructing widespread institutional adoption, the bank said. Ethereum’s challenges include its waning dominance in the decentralized finance (DeFi) space as alternative blockchains like Solana gain traction.  The JPMorgan analysts compared the volatilities of bitcoin and gold, noting that bitcoin… Source link

WindAwake/Shutterstock.com The next major revision of the Ethereum crypto network, often called “ETH 2.0,” promises to address some of its biggest criticisms, from high GPU prices to environmental pollution. Let’s take a look at the proposed changes and what they might mean for the future of crypto. What Is Ethereum 2.0, and When Will It Arrive? Ethereum 2.0 is a commonly-used term that usually represents Ethereum’s the highly-anticipated switchover from proof-of-work to… Source link

Ethereum’s native token Ether (ETH) will extend its 30% slump this year to the lowest price level since July 2021, if a textbook technical indicator plays out. Ethereum chart paints bearish pattern ETH’s price fell to its six-month low of $2,159 on Jan. 24, 2022, only to rebound sharply to as high as $2,724 days later. However, this created a so-called “bear flag” chart pattern that suggests the price could drop to $2,000 or a 17% drop from current levels. A bear flag appears on the chart when… Source link

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Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate.  On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The proposal suggests that crypto operations are carried out within the traditional banking infrastructure and that mechanisms to… Source link

What happened The cryptocurrency market is getting hit with more sell-offs today. Most top-100 tokens have seen valuation slides, and Bitcoin (CRYPTO:BTC), Ethereum‘s (CRYPTO:ETH) ether token, and Dogecoin (CRYPTO:DOGE) were down roughly 0.8%, 2.9%, and 2.5%, respectively, over the last 24-hour period as of 5 p.m. ET Thursday. Rising bearish pressures are gripping the market, and investors have generally become more risk averse lately. Federal… Source link