Ethereum

ETH/USD – Ether Falls Below Price Chanel But Finds .236 Fib Support Key Support Levels: $2460, $2400, $2320.Key Resistance Levels: $2550, $2640, $2700. Ethereum surged higher over the past fortnight inside the confines of an ascending price channel. This price channel allowed it to reach as high as $2700 this week. Unfortunately, ETH pulled back slightly from this high and fell beneath the price channel today. After breaking the lower angle of the price channel and the… Source link

By Ahmed Shabana Even after the major cryptocurrencies experienced an ominous collapse from their all-time highs in April, most are up by 200 percent to 300 percent or more from this point last year. Bitcoin is getting all the headlines, and there are legitimate concerns about its roller coaster nature. Subscribe to the Crunchbase Daily But what about Ethereum? Conceptualized in 2013, Ethereum is an open-source platform that helps to develop and implement new decentralized… Source link

Business Ether fell about 1per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed. FILE PHOTO: A representation of virtual currency Ethereum is seen in front of a stock graph in this illustration… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters A hotly anticipated upgrade is coming to the ethereum network on Thursday, which will change the way transaction fees work and start to destroy coins. It had been scheduled for August 4, but was delayed slightly. The change is technically known as Ethereum Improvement Protocol 1559, or EIP-1559, and will be included in a network upgrade called the “London hard fork.” Here are four… Source link

Bitcoin and Ethereum have been the top cryptocurrencies for the past few years. However, there is a belief in certain quarters that Ether would soon surpass Bitcoin to become the leading cryptocurrency in the market. Pantera Capital Believes In The Flippening Bitcoin has always been the number one cryptocurrency since it was created. However, Pantera Capital CEO Dan Morehead believes that might not be the case for long. He believes that Ether would soon surpass Bitcoin thanks to the numerous… Source link

Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion.  In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength index (RSI), a momentum-gauging indicator, above 70 — a mark that analysts consider overbought. Seemingly, traders with short-term risk setups sold the Ether top to… Source link

Excitement is building around ethereum staking. Dado Ruvic/Reuters Bitstamp’s CEO has been “blown away” by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The CEO of crypto exchange Bitstamp has been… Source link

Bitstamp’s CEO has been “blown away” by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. … Source link

Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4.  Traders and investors view the EIP-1559 launch as a bullish factor for Ether price because it is expected to reduce gas fees. However, Ether miners are not thrilled with the proposal because the proof-of-work model will no… Source link

Ethereum Ethereum rose by 3.59% on Thursday. Following a 0.01% gain on Wednesday, Ethereum ended the day at $2,383.32. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,267.78 before making a move. Steering clear of the first major support level at $2,248, Ethereum rallied to a late intraday high $2,399.99. Ethereum broke through the first major resistance level at $2,351 to end the day at $2,380 levels. At the time of writing, Ethereum was down by 0.45% to $2,372.50…. Source link