Ethereum

Ethereum (CRYPTO:ETH) has been making waves in the crypto world, rivaling Bitcoin (CRYPTO:BTC) as one of the most popular cryptocurrencies. It’s also experienced explosive growth, with its price increasing by more than 1,000% over the past 12 months. While crypto prices have plummeted over the past few weeks, that doesn’t necessarily mean it’s a bad time to buy. In fact, downturns can provide a great opportunity to invest when prices are lower…. Source link

The month of May was filled with a couple of new all-time highs for Ether, during which time it crossed the psychologically important USD 3,000 and USD 4,000 thresholds within days of each rally. After some profit-taking, now it is on the comeback trail and traders are predicting a continued upward momentum if the Ether price indeed reaches the latest target, including a possible “retest” of USD 3,650. Some attention from the mainstream financial media has not hurt. DeFi Pop Ethereum has… Source link

Almost two weeks ago, see here, I showed Ethereum (ETH), was according to the Elliott Wave Principle (EWP) in “[red] wave-v of [black] major wave-c of blue Primary-IV,” which “should ideally target between $1445-1850.” ETH bottomed on May 23rd at $1736. Right smack in the middle of my ideal (black) target zone. See Figure 1 below. It has since rallied and is now trading at $2750s—a 58% rise. Figure 1. ETH daily EWP count and technical indicators. Long-term upside potential… Source link

Almost two weeks ago, see here, I showed Ethereum (ETH), was according to the Elliott Wave Principle (EWP) in “[red] wave-v of [black] major wave-c of blue Primary-IV,” which “should ideally target between $1445-1850.” ETH bottomed on May 23rd at $1736. Right smack in the middle of my ideal (black) target zone. See Figure 1 below. It has since rallied and is now trading at $2750s—a 58% rise. Figure 1. ETH daily EWP count and technical indicators. Long-term upside potential outweighs… Source link

As of June 1, Ether (ETH) has dipped more than 40% after establishing a record high of $4,384 in May. The major move downhill for the world’s second-largest cryptocurrency by market capitalization has prompted many analysts to predict additional declines. For instance, Clem Chambers, chief executive of financial analytics portal ADVFN, sees the recent ETH/USD plunge as reminiscent of the beginning of 2018’s crypto crash that preceded a 24,000%-plus bull run. Comparing Ether’s (black) and… Source link

Business Cryptocurrency Ethereum extended gains to rise more than 8per cent on Monday to US$2,587 but remained 40per cent below a record high of above US$4,300 hit earlier this month. FILE PHOTO: A representation of virtual currency Ethereum is seen in front of a stock graph in this… Source link

Cryptocurrency price turmoil has gripped markets over the last few weeks, with ethereum, the second-largest cryptocurrency after bitcoin, losing around 50% of its value. The bitcoin price has also fallen sharply from its all-time high of almost $65,000 per bitcoin set in mid-April, with fickle Tesla TSLA billionaire Elon Musk and fears of a China bitcoin and crypto crackdown taking the wind out of bitcoin’s sails. Now, Todd Morley, the co-founder and former executive of investment… Source link

Follow us @crypto for our full coverage. The relative resilience of Ether in May’s cryptocurrency rout has put the spotlight back on the idea that the second-largest digital token could one day overtake Bitcoin by market value. Right now the largest virtual currency is more than twice as big as Ether but the gap narrowed by about $350 billion in May, courtesy of one of Bitcoin’s worst drops and a smaller retreat in Ether. Fans of Ether cite its popularity for… Source link

Cardano and Ethereum will both make big leaps forward this year. Once you’ve dipped your toe in the crypto waters, you’ll discover that Bitcoin (BTC) and Ethereum (ETH) are only the tip of the iceberg. They may be the biggest and most well-known cryptocurrencies, but they’re not perfect. Both face two big issues: high carbon footprints and slow transactions. And while it is possible to layer solutions onto these coins, there are newer, cheaper, and faster cryptocurrencies that consume a… Source link

Getty/John Phillips Vitalik Buterin used a medieval scientific theory as inspiration for the name of the ethereum network. The blockchain’s naming origins are detailed in Camilla Russo’s book, The Infinite Machine. Ether is the disproved concept that there’s a subtle material that fills space and carries all light waves. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Vitalik Buterin was inspired by a medieval scientific theory when he came up with the… Source link