Ethereum

The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805. But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is “narrower” than Bitcoin’s. Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future if the market turns around. USD cost of Ether held since November 2020. Source:… Source link

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market cap, reached an all-time high of $2,151 earlier this week but has struggled to find support above $2,000. What Happened: According to a market intel report from Chainalysis, the cryptocurrency’s cost curve suggests that Ethereum’s peak price has a narrower base of support than Bitcoin (CRYPTO: BTC)’s peak price. The strongest level of observed demand for Ethereum (ETH) was at… Source link

Ethereum, Bitcoin and other cryptocurrencies continue to trade well, with most up massively on the year.  In fact, many are fresh off new all-time highs or are just below those highs made earlier this year. It’s prompting many to ask what’s next for this asset group. For Ethereum, the cryptocurrency has a more recent catalyst catalyst: NFT. The market for NFTs – or non-fungible tokens – has taken off. We’ve seen athletes like Eli and Peyton Manning, artists, musicians, producers and… Source link

Diagonal chain made of zeros and ones. Cryptocurrency and mining. Bitcoin has been around for over a decade now and offered investors a major opportunity for the last few years. After its massive selloff in 2018, though, it wasn’t until 2020 when Bitcoin and the entire cryptocurrency industry began to see rapid gains once again. There are several reasons why Bitcoin is worth an investment today. So, it’s no surprise to see the digital currency rallying as fast as it has. There are other… Source link

The strong Ethereum (ETH) price rally has recently hit a wall. This week, ETH price surged to its all-time high of $2,145 and then erased some of those gains. Yesterday, it dropped to $1,925, which was the lowest level since April 1. Its market cap now stands at $233 billion, according to data compiled by CoinMarketCap. What happened: Ethereum has been on a strong rally in the past year, helped by low interest rates and the overall interest in digital… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: What Is a Non-Fungible Token and Why Are They… Source link

Mark J. Rebilas/Getty Images Billionaire investor Mark Cuban has praised the controversial upgrades to the Ethereum network, saying they should make it more eco-friendly and help the system’s applications “dwarf” bitcoin. Speaking on the Unchained podcast, Dallas Mavericks owner Cuban said the move to a more efficient system will mean “the holdback of the impact on the environment will change immediately.” “That is going to give some people a reason to use Ethereum as a store of value… Source link

Ethereum Ethereum rose by 0.26% on Tuesday. Following a 1.48% gain on Monday, Ethereum ended the day at $2,113.00. A bullish start to the day saw Ethereum rise to an early morning intraday high and a new swing hi $2,151.00 before hitting reverse. Coming within range of the first major resistance level at $2,158, Ethereum fell to an early afternoon intraday low $2,046.08. Steering clear of the first major support level at $2,030, Ethereum revisited $2,130 levels before easing back. At the time of… Source link

Mark Cuban, the billionaire investor made famous by the reality television series Shark Tank, has changed his tune on bitcoin and cryptocurrencies in recent months. Cuban made headlines when he said he’d “rather have bananas than bitcoin,” calling crypto “too complicated.” But the Dallas Mavericks owner has since come around to cryptocurrencies, praising the emerging decentralized finance (DeFi) space—which is largely built on top of the second-largest cryptocurrency after bitcoin,… Source link

Ethereum Classic (ETC) traded 13.94% higher at $17.01 in the early hours of Tuesday at press time. What Happened: The cryptocurrency, a fork of Ethereum (ETH), has risen 38.03% on a seven-day trailing period. ETH, which is now the second-largest cryptocurrency by market capitalization behind Bitcoin (BTC), traded 3.86% higher at $2,125.45 at press time. BTC traded 1.38% higher at $58,900.49. ETC has returned 200.4% so far since the year began, while ETH and BTC have… Source link