Ethereum

Ethereum remains in a desperate posture on all time frames, with it appearing that a major correction is on the cards over the coming weeks and months. The industry’s second largest asset is currently trading at $1,832 having rejected off the daily 200 exponential moving average following yesterday’s daily close. In order to demonstrate even the slightest hint of strength, Ethereum needs to begin closing daily candles back above the $2,000 mark. Another key point of resistance is $2,150, as… Source link

A record $1.5 billion in ether options is set to expire on Friday.  Experts see short and long-term opportunities arising from the volatility that may occur. Insider asked 6 crypto investors and influencers for their outlooks on what may happen next.

What happened The price of popular cryptocurrency Ether (CRYPTO:ETH) has been dropping for the last month, and continued to do so today. The digital currency’s value has dropped 30% over the last month, and almost 20% in just the last week. Today, Ether ended the market trading day more than 3% lower.  So what Of course the price drop also comes after cryptocurrencies as a group have soared in the last year. Ether is up 740% in the last 12 months and… Source link

Three weeks ago, see here, I showed a potential Bullish Elliott Wave Principle (EWP) path for Ethereum (ETH), “if ETH can rally above the $2920 high made last week, without dropping below Sunday’s low first ($2275) and especially not below $1736“. Well, that rally over $2920 did not happen as the cryptocurrency stalled at $2890 on June 3 and subsequently dropped below $1736 two days ago. Thus the Bullish potential setup was negated. Does this mean the run to $9000 will not happen… Source link

Despite their massive rally earlier this year, cryptocurrency prices have plunged yet again. Ethereum (CRYPTO:ETH) has also taken a turn for the worse, with its price falling by more than 55% since its peak on May 12. While these extreme downturns can be nerve-wracking, there is a silver lining: The most expensive cryptocurrencies are now on sale. As of this writing, Ethereum is priced at $1,985 per token. That’s down significantly from its peak price… Source link

Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. The gods are evidently fond of tokens. Immutable said today that the Gods Unchained blockchain card game will launch a new Ethereum token dubbed $GODS in partnership with Nine Realms. Sydney, Australia-based Immutable will launch the $GODS token to scale its trading market and play-to-earn systems in the game. That means that players will be able to buy and sell the tokens in the game and… Source link

Chesnot/Getty One day you’re on top of the world, making headlines for your upcoming appearance… Source link

Chesnot/Getty One day you’re on top of the world, making headlines for your upcoming appearance… Source link

Cryptocurrencies suffered another brutal weekend with bitcoin (BTC-USD) approaching $30,000 and ethereum (ETH-USD) sliding under $2,000 after China toughened its stance on crypto payments. But Coinbase customers now have access to an ethereum competitor called Polkadot (DOT1-USD), which is gaining the attention of Wall Street. At a recent Yahoo Finance Plus webinar, Capital2Markets President Keith Bliss compared the two developer networks, which are designed to decentralized finance. “ Source link

Bitcoin Bitcoin, BTC to USD, slid by 8.64% in the week ending 20th June. Reversing a 9.00% gain from the previous week, Bitcoin ended the week at $35,631.0. A bullish start to the week saw Bitcoin rise to a Tuesday intraweek high $41,273.0 before hitting reverse. Falling short of the 38.2% FIB of $41,592 and the first major resistance level at $41,890, Bitcoin slid to a Sunday intraweek low $33,411.0. Bitcoin fell through the first major support level at $33,591 before a partial recovery to… Source link