Ethereum

The first quarter of 2021 has officially ended. By most measures, Ethereum had an outstanding Q1.   The native cryptocurrency of the network, ether, outperformed bitcoin and traditional macro assets by a wide margin in terms of price, appreciating 156% over the quarter. Several ETH investment products were also launched, paving the way for greater institutional involvement in the ether markets.  The quarter also contained several milestones related to Ethereum’s technology roadmap and the… Source link

Ethereum (CCC:ETH-USD) is leading a pack of cryptocurrencies to new all-time highs just one day ahead of a scheduled development update for the ether network. Dogecoin (CCC:DOGE-USD) and Bitcoin (CCC:BTC-USD) likewise rallied to new all-time highs today as cryptocurrencies surge ahead of Wednesday’s Coinbase (NASDAQ:COIN) IPO (initial public offering). Source: Shutterstock Wednesday’s Berlin hard fork is an update to the Ethereum network that will reduce fees for various… Source link

The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners.  With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether’s price has rallied over 200% since the start of the year, marking a new all-time… Source link

A rally to as high as $2860 should be expected Using the Elliott Wave Principle (EWP), I now label the late February low as a 4th wave (blue IV), and blue wave-V is now underway. It is subdividing into five smaller waves, in black. Waves-1, 2 have already been completed, and wave-3 is now underway, which should ideally target $2340-2595. As you can see, wave-1 consisted of clean and clear five smaller waves (red waves-i, ii, iii, iv, and v), and so does the current wave-3. The target zone is… Source link

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Bitcoin (BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000. After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish — but what could shape price action in the short term? Cointelegraph presents five factors to keep an eye on for Bitcoin traders as the market inches closer to historic all-time highs. Stocks reflect coronavirus mayhem The macro picture is a tale of two coronavirus moods this… Source link

The Ethereum network is in the process of upgrading its blockchain. If you want to transact on Ethereum today, it’ll cost you anywhere from $10 to $100, depending on the type of transaction you want to perform. Due to Ethereum’s proof-of-work model, the network can only process about 15 transactions per second. The Eth 2.0 upgrade will improve both the cost and transaction throughput of Ethereum’s blockchain. This upgrade to Ethereum will replace the crypto miners with staked… Source link

Cryptocurrency never stops making the news headlines these days! And for good reason, as the bitcoin and cryptocurrency market price has soared over $2 trillion. That’s a lot of ‘money! Earlier this week, BTC Maximalist and CoinDesk columnist Nic Carter predicted that Ethereum could overtake bitcoin. Let’s face it, the majority of the working class can’t afford to buy even half a Bitcoin. Whereas the majority of people should be able to afford at least half or even a whole… Source link

Volumes and open interest for CME Ethereum Futures reached a record high this week, according to data from crypto analytics platform Skew. What Happened: Daily volume neared $240 million in a single day, and total open interest crossed $180 million. These were the highest observed levels since CME launched its Ethereum futures on Feb 8. CME Ether futures had a record volume day this week pic.twitter.com/zchWxeA4O5 — skew (@skewdotcom) April 9, 2021 An… Source link

Ethereum is currently trading back above the crucial $2,000 level of support as it takes aim at a weekend record high above $2,158. The world’s second largest cryptocurrency has risen by more than 175% since the turn of the year and a staggering 1,156% in the past 12 months. It has recently benefited from a period of sideways consolidation in the price of Bitcoin, which has led to market-wide rallies across the majority of altcoins like Ethereum, Litecoin and Bitcoin Cash. In the immediate… Source link