Ethereum

Bitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. The move comes days ahead of the upcoming U.S. inflation figures, and as traders continue to react to Friday’s nonfarm payrolls (NFP). Ethereum was also higher, rising to a multi-week high in the process. Bitcoin Bitcoin (BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report. Following a low of $16,928.18 on… Source link

At a recent price of about $1,270, Ethereum (ETH 4.71%) is down nearly 75% from the all-time high of $4,891.70 it touched in November 2021. That stratospheric level now seems like a distant memory for Ethereum investors, who enter 2023 uncertain of what’s next for the second-largest crypto by market capitalization. Is a potential comeback in the making? Although the idea that it could nearly triple in value this year to $3,500 might sound outlandish, Ethereum was actually trading around… Source link

As the withdrawal date for unstaking Ethereum closes in, tokens powering various liquid staking protocols are enjoying a hefty rally. Lido Finance (LDO) and Rocket Pool (RPL), for example, have already posted significant gains over the past 24 hours, according to data from CoinGecko. LDO, the governance token powering Lido Finance, Ethereum’s largest liquid-staking protocol, gained over 17.2% in the last 24 hours and trades at around $1.88. Intense trading for the liquid-staking derivative… Source link

Crypto insights firm Santiment says that one Ethereum-based altcoin just experienced its largest surge in whale activity in almost a year and a half. According to Santiment, interoperability blockchain Quant (QNT) had 187 six-figure transactions on January 7th, the most since September of 2021. “After its modest +10% price spike after its last whale activity spike on Dec. 30th, Quant has now shown a much larger amount of whale transactions on its network today. There are 187 QNT… Source link

On January 9, the Bitcoin price prediction became bullish, with BTC rising nearly 1.50% to $17,223. Similarly, Ethereum, the second-largest cryptocurrency, soared nearly 3.50% to $1,310 during Monday’s Asian session.  Marathon Digital Holdings, one of North America’s largest Bitcoin mining companies, revealed in an update that it has been experimenting with overclocking in order to improve its strategic advantage in the BTC mining… Source link

ETH Stakers May Be Able to Initiate Withdrawals in March Stakers may soon be able to withdraw Ether from the Beacon chain, with Ethereum’s devs aiming to deliver the long-awaited upgrade this quarter. On Jan. 5, Ethereum developers convened for the first All Core Devs (ACD) call of 2023. During the discussion, devs agreed to deploy public testnets for Ethereum’s next upgrades, Shanghai and Capella, next month. They also set March as a tentative target for the highly awaited upgrades to go… Source link

Ethereum price has sprouted after tight consolidation and eyes a retest of $1,350 and higher levels. Chinese ETH miner Jiang Zhuoer anticipates ETH to permanently leave its current range and kick-start a bull run from March to May 2023. Invalidation of the bullish outlook will occur if the smart-contract token breaches the $1,215 support level.  Ethereum price has been consolidating since January 3 and has finally triggered an explosive move to the upside. While… Source link

By the end of Sunday, the market is trading in the neutral zone as the rates of some coins are rising, while others are falling. ETH/USD The rate of Ethereum (ETH) has declined by 0.10% since yesterday. Over the last week, however, the price has risen by 5.42%. On the local chart, the price has made a false breakout of the resistance at $1,264. At the moment, the rate is located in the middle of the narrow channel. From the technical point of view, traders are unlikely to see sharp… Source link

Glassnode data analyzed by CryptoSlate showed significantly greater open interest calls for Bitcoin and Ethereum. Calls and puts refer to the buying and selling, respectively, of options. These derivative products give holders the right, but not the obligation, to buy or sell the underlying asset at some future point for a predetermined price. This predetermined price is also called the strike price; in conjunction with the spot price, it determines the option’s “moneyness.” Calls, where… Source link

A popular crypto strategist and trader thinks that Bitcoin (BTC) and one Ethereum (ETH) rival are gearing up for huge rallies. Pseudonymous analyst Inmortal tells his 190,400 Twitter followers that he sees Bitcoin rallying close to $30,000 in the coming months before a final capitulation event that takes BTC to $12,500 later this year. “Two relevant levels: 2018 and 2021 yearly open. > Bear market rally mid 2023 > Sub-20,000 in late Q4.” Source: Inmortal/Twitter At time of… Source link