Ethereum

‘Buy the dips and sell the rally,’ would be any seasoned trader’s piece of advice for timing the market. But, this timing can seldom be accurate in real-time. But, interestingly, a recent observation by trader Edward Morra seems to suggest that Ethereum’s all-time highs are matching with the sell-offs by Ethereum Foundation. $ETHFriendly reminder that ETH foundation cashed out at the top (again). ETH down 40+% since then pic.twitter.com/Bp80hEDvK0 — Edward Morra… Source link

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What happened  A massive sell-off on Friday in the cryptocurrency market accelerated after the stock market closed on Wall Street. The selling seems to be feeding on itself, causing panic across the market.  Altcoins are down big today with some trading more than 30% lower, but the drops in giants like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are staggering. As of 5:45 p.m. ET, Bitcoin is down 10.8% in the last 24 hours and 5.4% in just the… Source link

Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted over 15% since the beginning of the year. In November it was trading at a record high of $68,990. Its peers have fared worse recently. Ethereum, which is the world’s second most valuable cryptocurency, fell almost 8% in the last 24 hours, and is now trading at around $2,895, according to CoinDesk. It is down almost 20%… Source link

Ethereum price slid below two critical levels of defense as the bears kickstarted a sell-off. A 14% decline toward $2,452 is put on the radar, given by the prevailing chart pattern. The bulls would need to reclaim $2,870 as support to reverse the period of underperformance. Ethereum price has dropped below two significant footholds on January 21, as selling pressure increased. ETH could be at risk of declining an additional 14%, a pessimistic forecast given by the… Source link

Looking to get into Ethereum? You can buy and earn interest on Ether with Gemini! If you’ve spent any time in the past few years reading about the digital assets space, or more broadly the news this past year, then you’ve heard about Ethereum, especially in the context of Bitcoin and other cryptocurrencies.  Curiously, Ethereum seems to simultaneously refer to a cryptocurrency, a standalone blockchain and a Layer 1 network for other blockchains and decentralized finance… Source link

The lead horses in crypto may be galloping along, but the real race is happening a couple of thoroughbreds behind the two market leaders. Cardano (CRYPTO:ADA) and Solana (CRYPTO:SOL) are neck and neck as the fourth- and fifth-most valuable cryptocurrency tokens by market cap after you back out a pair of dollar bill-hugging stablecoins. They also happen to be the two largest denominations hoping to topple Ethereum‘s (CRYPTO:ETH) dominance in the realm… Source link

Ethereum (CRYPTO:ETH) was the first blockchain-powered smart contracts platform, and it has evolved into the largest ecosystem of decentralized applications (dApps), software that runs on a peer-to-peer network rather than centralized corporate servers. Ethereum is also the most popular decentralized finance (DeFi) ecosystem, with $147 billion invested on the platform. Not surprisingly, the price of Ethereum has skyrocketed over 2,600% in the last… Source link

Over the past two months, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have each shed more than 30% of their market values. Investor fears about inflation, the Fed’s possible rate hikes, and the ongoing pandemic have sparked a sell-off in risky assets, a category that crypto undoubtedly belongs in.  Despite the recent losses, among cryptocurrency investors, the question of whether or not to go all-in on Bitcoin or Ethereum is a serious one…. Source link

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link