Ethereum

The price of Ethereum (ETH), the second-largest cryptocurrency by market value, crested to a new all-time high (ATH) of US$4,361.18 on Oct. 21, according to CoinGecko data — a slight increase over its previous ATH of US$4,356.99 on May. 12.  But Ethereum’s new price peak was followed by a quick pullback, dropping by 3.7% within an hour. Ethereum is currently trading at US$4,140 as of publishing time, according to CoinGecko data. Ethereum playing catch-up and leading other… Source link

Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ETH all-time high? Blink and you’ll miss it Data from Cointelegraph Markets Pro and TradingView ETH/USD just match its record $4,380 on Bitstamp before seeing a harsh rejection. Traders watched in anticipation as Ethereum appeared to follow Bitcoin to historic new levels, only to face immediate resistance and… Source link

Ether (ETH) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC). My bet is we will see an Ethereum Futures ETF before we see a physical Bitcoin ETF. — The Wolf Of All Streets (@scottmelker) October 20, 2021 However disappointed Ether bulls might be, they are… Source link

Ethereum is generally maintaining its bullish trend and should the current accumulation be sustained, the digital currency is billed to test more ambitious price levels in the coming weeks. Ethereum (ETH), the world’s second-largest digital currency by market capitalization has extended its lead amongst altcoins as it inked a new All-Time High (ATH) of $4,366.09 today. While Ethereum has joined the uptrend since the beginning of the month, it has largely met with a lot of resistance in its… Source link

After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum (ETH) came awfully close to surpassing its all-time high this week, reaching $4,379 per unit on the exchange Deribit. That’s only 0.1141% away from the ATH… Source link

Bitcoin exploded to a new all-time high Wednesday just one day after the first-ever bitcoin-linked exchange traded fund (ETF) started trading on the New York Stock Exchange. The ProShares Bitcoin Strategy ETF (BITO) saw more than $550 million dollars pour into the new futures-linked product in its debut trading day. That enthusiasm, in part, helped push bitcoin’s price (BTC) to a new all-time high north of $65,000 Wednesday morning. Now, one analyst at Fundstrat Global Advisors says that… Source link

The rise of cryptocurrency has been one of the most exciting movements in the investing world this year. Several cryptocurrencies have seen explosive growth, but it can be difficult to determine which ones are strong investments. Cryptocurrency, in general, is still highly speculative. Nobody can say for certain whether it will still exist in a few decades, and the technology itself is still in its infancy. For that reason, crypto is a risky… Source link

Ethereum large wallet investors accumulated 13.9% more tokens as ETH approaches a new all-time high. ETH contract holdings hit a record high with $11.82 billion, according to Bybt. Purpose Ether ETF increased Ethereum holdings by 18% to 76,000 ETH. ETH has offered the highest risk-adjusted returns in the past 24 hours, dominating Ethereum-killers SOL, ADA and DOT. The Ethereum “triple halving” narrative is looming, predicting a massive rally in ETH price as… Source link

Ethereum’s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level. Ethereum breaks $4,000, nearing new all-time high ETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency’s run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery. According to data provided by Crypto… Source link

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. During Ethereum Core Devs Meeting #124 on Oct. 15, a proposal to push December’s “difficulty bomb” was discussed. According to ETH Hub, the “Difficulty Bomb refers to a mechanism that, at a predefined block number, increases the difficulty level of puzzles in the proof-of-work mining algorithm resulting… Source link