Ethereum

Ethereum Ethereum rallied by 5.97% on Thursday. Reversing a 1.63% fall from Wednesday, Ethereum ended the day at $4,526. A mixed start to the day saw Ethereum fall to an early morning intraday low $4,250 before making a move. Steering clear of the first major support level at $4,173, Ethereum rallied to a late intraday high $4,555. Ethereum broke through the first major resistance level at $4,364 and the second major resistance level at $4,457 to end the day at $4,500 levels. At the time of… Source link

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price. Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success. Ether/USD price on Bitstamp. Source:… Source link

Cryptocurrencies are powered by blockchains, software that runs across a decentralized network of computers, enabling transaction data to be validated, recorded, and protected from attack. Platforms like Ethereum extend that functionality, allowing developers to build self-executing computer programs on the blockchain. Those programs are called smart contracts, and they form the heart of decentralized finance (DeFi) applications, products that allow… Source link

I bought Ethereum (CRYPTO:ETH) a few months ago as a way to dip a toe into the cryptocurrency world. As of today, I’ve made about $1,000. Right now, I could easily take the money and run, especially after the recent declines in this coin and other crypto players. Investors are worried about potential taxes on crypto profits in the U.S. and China’s crackdown on the industry. Those news items and the strengthening of the U.S. dollar are weighing on… Source link

Ethereum price is attempting to breach the $4,352 hurdle so it can retest the $4,524 barrier. A daily close below $3,930 will confirm a bearish outlook and result in a pullback to $3,413. If ETH produces a higher high above $4,773, it will invalidate the bearish thesis. Ethereum price looks ready for a minor upswing as it bounces off a crucial support area. This upswing is likely to propel ETH up to a recent swing high. If the asset fails to produce a higher high,… Source link

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After reaching all-time highs on Nov. 10, leading cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are both down around 15% from their peaks. Meanwhile, Cardano (CRYPTO:ADA) and Solana (CRYPTO:SOL) are down over 20% from their highs. Fears of an impending cryptocurrency winter and crackdowns by the U.S. and China may signal a short-term market top. Here’s what to do if you’re worried about falling cryptocurrency prices. Image source:… Source link

What happened Investors looking at the price action among the largest cryptocurrencies by market capitalization may not like what they are seeing. As of 10 a.m. ET Monday, Bitcoin (CRYPTO:BTC) was down by a little more than 1%, while Etheruem (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) were down by approximately 2%. These downward moves aren’t massive. However, they’re a continuation of some relatively weak price action for these cryptocurrencies. At… Source link

Ethereum’s native asset Ether (ETH) may rebound by nearly 60% in the coming sessions as the bulls pin hopes on a classic bullish continuation pattern. Prices may rise to or above $6,500 from their current levels near $4,100 after completing a “cup and handle” formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday.  A perfect Cup and Handle retest Hyland’s chart shows Ether returning to the old point of resistance of its previous Cup and Handle… Source link

Few (if any) asset classes are as polarizing as cryptocurrency. On one side, companies like MicroStrategy and Square have embraced the trend, adding Bitcoin to their balance sheets. But on the other side, esteemed investors like Warren Buffett and Charlie Munger have rejected the trend. In fact, Munger once called Bitcoin “disgusting and contrary to the interests of civilization.” The same dynamic has played out in governments. China has issued a… Source link