Ethereum

Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year. Ether price fractal First spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative strength index (RSI). Ether closed above its 50-day SMA in July 2021, the first time since the May 2021 bearish correction. As… Source link

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This week, I’ll discuss the fallout from last Wednesday’s test network issues that revealed a bug in Ethereum’s majority software client, Geth. Though a patched version of Geth software has since been released for London, some users, developers and mining pools are calling for further testing of the upgrade, which is scheduled to go live next week. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto… Source link

Ethereum is currently trading at $2,300 following a tremendous rally that has seen its price increase by 28.44% in the past week. The world’s second-largest cryptocurrency is now lining up a test of the $2,600 level of resistance after closing above daily 50 exponential moving average for the first time since June 7. Much of it will also depend on if Bitcoin can close a daily candle above the $40,400 level. This would confirm a bullish breakout on Bitcoin, which would result in a subsequent… Source link

For over a century, the stock market has been one of the world’s top wealth creators. While stocks might not outperform every year, equities have delivered a significantly higher average annual return relative to other asset classes. But over the past decade, the supremacy of the market has been called into question by the returns of highly volatile cryptocurrencies. In particular, the popular Ethereum (CRYPTO:ETH) token Ether has returned close to… Source link

Ethereum will have a very bullish year, according to a price prediction poll made by Finder. The average price that the second-ranked crypto asset by market capitalization will reach this year is about $4.5K, according to polled experts in the cryptocurrency industry. The panel is also bullish about ethereum long term, expecting a price of about $18K for the year 2025. Experts Bullish About Ethereum in the Short Term Finder, an investing companion app, Source link

What happened The cryptocurrency market received a major boost on Monday from a report that Amazon (NASDAQ:AMZN) was preparing to accept Bitcoin (CRYPTO:BTC) and other cryptoassets as forms of payment in the coming months.  The news helped to drive Bitcoin’s price up 9% as of 4:55 p.m. EDT on Monday. Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) also rallied, to the tune of 5% and 7%, respectively. So what Amazon recently listed a job posting for… Source link

News of the cryptocurrency market’s death may have been greatly exaggerated, with Bitcoin and Ethereum climbing again from their brutal correction from only a few weeks ago. Bitcoin is up 12% in the last 24 hours, and Ethereum climbed around 10% in the same timeframe. Since most cryptocurrencies are still pegged to Bitcoin’s value, this means a rebound across most of the market. With today’s gains, orver the past week Bitcoin is up around 25%, while Ethereum has bested it with a 27% increase… Source link

The price of Ether (ETH) jumped to a three-week high on Monday, triggered by similar gains in the Bitcoin (BTC) market that appeared in the wake of rumors about Amazon’s foray into the cryptocurrency sector. A job posting from the retail giant showed that it is seeking an executive to build its “digital currency and blockchain strategy.” Meanwhile, global media reports have been speculating, based on inside sources that Amazon would start accepting Bitcoin as payments. As a result, the… Source link

As of 4:45 a.m. ET on Monday, bitcoin, ethereum and dogecoin had soared 10%, 7.3% and 11%, respectively, over the past 24 hours, according to data from CoinDesk. Bitcoin climbed to a six-week high of nearly $38,133, while ethereum reached $2,330. Dogecoin was last trading at about 20 cents per coin, giving it a $28.8 billion market cap. The surge came as major tech giants have signaled — or appeared to signal — their support for digital currencies through last week. For one, speculation… Source link