Ethereum

Bitcoin price pushes towards new five-month highs, tests prior May 12th sell-off levels. Ethereum price shows a massive bullish engulfing daily candlestick developing on the Monday trade session. XRP price positioning for the most bullish conditions it’s seen since March. Bitcoin price is now trading at the same levels that preceded the -50% corrective move from May 12th to June 22nd. Ethereum price is currently forming one of the most sought-after bullish candlestick patterns, the… Source link

Ethereum price action offered bulls a solid entry point this week with the monthly pivot and the 55-day SMA.  ETH price was capped by profit-taking around the monthly R1 resistance level and a medium-term red descending trend line on the topside. Bulls are building up momentum for the break higher with possible new all-time highs next week. Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot,… Source link

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Ethereum’s native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone. In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization from under $3,000 to above $3,650 in the first eight days of October, triggering more bullish forecasts. “Six thousand dollars will happen fast;… Source link

Bitcoin appears to be breaking out while stocks have struggled to regain momentum after a selloff. Entrepreneur David Gokhshtein says bitcoin will hit $100,000 as big investors flock to the token. He also shared why he thinks ethereum will hit $10,000 before the end of the year. Bitcoin (BTC) is breaking out as US stocks seesaw, much to the delight… Source link

Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance. But despite some headwinds, ETH bulls will likely profit $115 million on Friday’s weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million worth of neutral-to-bearish put options worthless. Ether price in USD at Coinbase. Source: TradingView Regulatory fear limits the upside Understandably, negative headlines about… Source link

The vulnerability identified in the ETH2 staking pool has been patched safely. Ethereum’s user adoption has exploded with a spike in daily active addresses and unique addresses interacting with the network.  WAX blockchain announces two Ethereum compatibility approaches, plans to bring low-cost transactions to smart contracts on Ethereum. Analysts expect Ethereum to explode with the rise in on-chain activity and increasing network adoption. Ethereum is heading… Source link

Over the past many weeks, see my last article here; I anticipated using the Elliott Wave Principle (EWP) that Ethereum, aka Ether, (ETH) would pull back, rally again, experience a more significant pullback, and then get ready for the rally to $9000. As stated in my September 23rd update, “Albeit the cryptocurrency did not adhere to the ideal/textbook path, the overall pattern forecasted over a month ago, and in fact, already drafted early August (see here), came to fruition.” In addition,… Source link

Bullish structural breakout of the Cloud in the Ichimoku Kinko Hyo system. Fibonacci expansions project a new critical zone for the all-time high near $4,500 Few roadblocks ahead if Ethereum maintains momentum. Ethereum price has finally caught up with Bitcoin’s price action by displaying a bullish condition within the Ichimoku Kinko Hyo system. There were some concerns about whether Ethereum was positioning for a bull trap, but those fears were mainly laid to… Source link

Can the newfound scarcity narrative have a long-term positive impact on the price of ether? Should miners be upset if they generate similar revenue through block rewards alone? Again, I believe it is too early to assert any final takeaways from the upgrade, which I am most likely guilty of doing myself. Source link