Ethereum

Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day.  The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June.  A key threshold is the 200-day moving average of the price, currently around $45,000.  “The 200-day moving average is pivotal in the day trader’s mind,” Matt Blom, head of trading for the… Source link

Last week, see here, I found for Ethereum (ETH), aka Ether, “using the Elliott Wave Principle (EWP), I prefer to apply a bullish EWP count. Ideally, ETH bottomed for (blue) Primary wave-IV on July 20th, possibly already June 22nd, and should now be working on a few more minor 4th and 5th waves (green 5, red iii, iv) to complete a more extensive (black) major-1 wave of (blue) Primary-V. This wave-1 should ideally reach around $3000-3300, which aligns well with the triangle breakout target… Source link

The Ethereum price is lower in sympathy with bitcoin today, but that has not changed the long-term outlook for many ETH bulls. One of them is billionaire Mike Novogratz, who is at the helm of Galaxy Digital. Ethereum’s use cases happen to coincide with some of the biggest crazes in crypto, and as Novogratz points out, non-fungible tokens, or NFTs, are one of them. Novogratz in a tweet calls ETH a “currency of culture,” the potential total addressable market (TAM) for which is a mystery…. Source link

Ethereum is holding gains above the $3,200 resistance zone against the US Dollar. ETH price remains attractive and it might continue to rise towards the $3,350 resistance. Ethereum is trading nicely above the $3,100 and $3,150 support levels. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating and it is likely to… Source link

LONDON, Aug. 12, 2021 /PRNewswire/ — According to Google Search Trends, Bitcoin and Ethereum lead the pack of cryptocurrencies that people search for on Google, but many cryptocurrencies are experiencing a resurgence, and investors hope the possible revived market might signal a bull trend. Dirty Finance surges 51% in one day, after successful “Billionaire” contest launch at DirtyFinance.com promoting staking and farming. For example, Dirty Finance ($Dirty:P2PBNB), an Ethereum, ERC-20 token,… Source link

LONDON, Aug. 11, 2021 /CNW/ — According to Google Search Trends, Bitcoin and Ethereum lead the pack of cryptocurrencies that people search for on Google, but many cryptocurrencies are experiencing a resurgence, and investors hope the possible revived market might signal a bull trend. Dirty Finance surges 51% in one day, after successful “Billionaire” contest launch at DirtyFinance.com promoting staking and farming. For example, Dirty Finance ($Dirty:P2PBNB), an Ethereum, ERC-20 token,… Source link

The private investment management firm with $402 billion in assets under management (AUM), Neuberger Berman Group LLC, has revealed the company now has active exposure to cryptocurrencies like bitcoin. The multi-billion-dollar asset manager disclosed this information in a Form 497 in order to comply with the Securities and Exchange Commission’s EDGAR filing system. Neuberger Berman’s 497 Shows Bitcoin and Ethereum Exposure Neuberger Berman (NB) has… Source link

The launch of the Beacon Chain network in December introduced the first iteration of protocol-level staking for Ethereum investors. Put simply, Ethereum staking is the process of locking up an amount of ETH – the native cryptocurrency of the Ethereum blockchain – for a specified period of time in order to contribute to the security of the blockchain and earn network rewards. People who do this are known as “validators” or “stakers,” and are tasked with processing transactions,… Source link

Morgan Creek Capital Management CEO Mark Yusko reacts to the Senate blocking cryptocurrency regulation within the infrastructure package. Ethereum was the most traded cryptocurrency on the Coinbase exchange during the three months through June, as investors explored the world of decentralized finance. Ticker Security Last Change Change % COIN COINBASE GLOBAL, INC. 278.40 +8.73 +3.24% Ethereum, the second-largest cryptocurrency by market capitalization, was responsible for 26% of the… Source link

What happened Ethereum (CRYPTO:ETH) is up 4.82% in the past 24 hours, to $3,235.69 per token as of 2:30 p.m. EDT. The token has been gaining momentum all week, with a return of 20.26% in the past seven days. Investors are still digesting Ethereum inventor Vitalik Buterin’s proposal for another major update to switch Ethereum to a proof-of-stake (PoS) protocol.  Image source: Getty Images. So what  The environmental sustainability of crypto mining… Source link