Ethereum

What happened As of 1:00 p.m. ET, Bitcoin ( BTC 1.28% ), Ethereum ( ETH 1.13% ), and Cardano ( ADA 0.66% ) appreciated 3.3%, 1.2%, and 4.8%, respectively. Earlier in the day, Ethereum showed a 24-hour gain of 3.8%. These modest moves higher have coincided with a rather strong momentum this weekend, on the heels of an early Saturday sell-off that hit the cryptocurrency market yesterday. Cryptocurrency investors appear to be taking a wait-and-see approach to these large-cap

Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators. ETH price rising wedge First, Ether appears to have been breaking out of “rising wedge,” a bearish reversal pattern that emerges when the price trends upward… Source link

On a longer-term basis, ALGO, Avalanche’s AVAX, Cosmos’ ATOM and SOL are all weakening and heading toward the “lagging” quadrant, where Cardano’s ASA is now. Polkadot’s DOT, which is the only one currently leading ether, is only barely doing so and appears ready to fall into the “weakening” quadrant. Source link

ETH briefly dipped below $4,000 as bulls are struggling to maintain the key price over the past few days. Key Support levels: $4000, $3850 Key Resistance levels: $4566, $4868 (ATH) ETH was rejected by the $4,566 resistance level on Thursday and was quickly pushed down by the bears towards the key support at $4,000. On December 10, ETH’s price slipped below this key support, however, the bulls were able to get the price back above the level the day after. At the time of… Source link

Many investors are weighing their options in the cryptocurrency market these days. The two biggest names in the sector draw more attention and analysis than most. We asked two of our cryptocurrency writers to determine whether Bitcoin ( BTC -0.40% ) and Ethereum ( ETH -1.17% ) would be the better choice for an individual investor today. Read on to see the pros and cons of picking one of these household names over the other. Image source: Getty Images. Bigger is just better this… Source link

Ethereum ( ETH 3.61% ) has had a phenomenal year, with its price soaring by nearly 700% over the past 12 months. It’s also outpaced Bitcoin, which has “only” increased by around 177% over the past year. All that growth also results in a higher price, however. Ethereum is one of the most expensive cryptocurrencies out there, currently priced at more than $4,100 per token. It also reached an all-time high of over $4,800 per token last month, and now it’s back on an upward swing… Source link

In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance. Buterin Outlines Plausible Ethereum Scaling Roadmap in Endgame Blog Post Vitalik Buterin, the prominent co-founder of the Ethereum project, has outlined… Source link

What happened Today, three of the biggest cryptocurrencies, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL), are all trending lower. As of 10 a.m. ET, these three cryptocurrencies have seen declines of 0.6%, 4.6%, and 4.9%, respectively, over the past 24 hours. It appears a number of catalysts are responsible for this downside move. Increasing regulatory oversight in the U.S., concerns around global crypto mining crackdowns,… Source link

Ethereum (CRYPTO:ETH) is one of the hottest cryptocurrencies of the year, with a market cap of more than $521 billion — nearly one-quarter of the crypto market as a whole. Because Ethereum is so popular, it’s also one of the most expensive cryptocurrencies. It’s currently priced at just over $4,400 per token, up nearly 700% over the past 12 months. Cryptocurrency is still in its infancy, so Ethereum has plenty of room for growth. Although it’s one… Source link

Crypto platform Polygon is buying startup firm Predicate Labs, the developer of the Mir blockchain protocol, in a deal valued at about $500 million as part of a broader strategy to help expand Ethereum’s capacity and pave the way for broader adoption. While the Ethereum blockchain is one of the most-used in the world, challenges related to its capacity sometimes mean users pay high fees. Mir has a technology called zero-knowledge rollups that offloads data from Ethereum to reduce fees and… Source link