Ethereum

Ethereum’s native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether price soared by more than 9% Friday to hit nearly $3,300 for the first time in ten days. Its gains surfaced primarily in the wake of a price rebound across all the top cryptocurrencies, including Bitcoin (BTC), which gained 9.5% to hit $48,000, the highest level in 10 days. Ether-Bitcoin correlation against… Source link

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA) Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin is trading 8.8% higher at around $47,300 Friday morning. Ethereum is trading 7.8% higher at around $3,230 Friday morning. See Also: Bitcoin Surges, Liquidating 0M Short Positions In One Hour Marathon Digital focuses on mining… Source link

Is ethereum the future of the internet? Interest in the ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralised finance projects, known as DeFi, and unique digital tokens called NFTs. The rise of new applications like these — among the first running on a public blockchain — have already created what supporters claim is a powerful network effect, as increasing activity brings more and more developers to ethereum. That could… Source link

The value of each of the two largest cryptocurrencies — bitcoin (BTC-USD) and ethereum (ETH-USD) — fell earlier this week amid an outright ban on cryptocurrency trading in China and indication of forthcoming regulations from the U.S. Securities Exchange Commission.  In general, ethereum prices tend to move in tandem with bitcoin. But the two coins are used for very different purposes that should be taken into account by investors, says Michael Sonnenshein, CEO of Grayscale Investments,… Source link

Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel, which started in August. But every time the support is tested, the risk of an aggressive correction increases. With that in mind, the $340 million options expiry on Oct. 1 will likely be dominated by neutral-to-bearish put options.  Ether price at Bitstamp in USD. Source:… Source link

An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5. Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout of accumulation caused miners’ net Ether holdings to hit an all-time high of 22.3 million ETH (worth nearly $70 billion),… Source link

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. For the longest time, Bitcoin and Ethereum have been garnering a reputation for making millionaires. However, as they’ve reached high market caps, less known smart contract platforms are increasing the competition by upping the yield game. Blockchain Layers Explained When Vitalik Buterin, the co-founder of Ethereum, came up with… Source link

Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. Today, Ether (ETH) might be 30% below its May 12 high at $4,380, but the current $3,050 price is 78% higher than the 6-month low at $1,700. To understand whether this is a “glass half full” situation, one must analyze how retail and pro traders are positioned according to derivatives markets. Ether price at Coinbase in USD. Source: TradingView On Sept. 24, Chinese authorities announced… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters Crypto exchange Bitfinex on Monday accidentally paid $24 million as a fee for a $100,000 ethereum transaction. Yet the miner who verified the transaction and received the fee has sent most of it back. Bitfinex’s mistake was an example of a “fat finger” trade and may be the biggest ethereum fee in history. See more stories on Insider’s business page. A crypto exchange… Source link

Bitcoin price failed to clear USD 45,000 and started a fresh decline. Ethereum is back below USD 3,000, XRP could retest USD 0.88. OKB and HT rallied more than than 12%. Bitcoin price attempted to clear the USD 44,500 resistance, but failed. As a result, BTC started a fresh decline below the USD 43,500 support. It is currently (04:27 UTC) trading below USD 43,000 and there is a risk of more downsides. Similarly, most major altcoins… Source link