Ethereum

During the Asian session on December 19, Bitcoin is trading at $16,700, as investors appear to be waiting for a solid fundamental reason to drive price action. Similarly, Ethereum is trading in a choppy range of $1,150 to $1,200. A break out of this range will help us determine future market price movements. Major cryptocurrencies were trading in the red early on December 19, despite the fact that the global crypto market cap grew… Source link

The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin. The pseudonymous trader known as Capo told his 690,000 Twitter followers in May that Waves could be the “next LUNA,” the native token of the Terra ecosystem which went to zero in the same month. Now, Capo says that his call on WAVES could be coming to fruition and that the altcoin’s recent downward move… Source link

Real Vision CEO Raoul Pal says that Polygon (MATIC) and a pair of Ethereum (ETH) challengers are on the cusp of ‘unlocking something big.’ In a new video update, the macro guru says that Solana (SOL), Polygon and Avalanche (AVAX) are furthering crypto adoption by carving out their own niches within the industry. According to Pal, SOL has been cutting deals with Big Tech companies and has launched its own retail store, giving it an edge despite a harsh year for its… Source link

Ethereum (ETH) might be gradually turning into a store of value based on the volume of the digital asset being held by long-term investors, CryptoSlate’s analysis of Glassnode data revealed. With Ethereum down by more than 70% from its all-time high during the current market cycle, one would think that investors would massively dump the coin to recoup their funds. However, Glassnode HODL waves data showed that long-term investors currently hold 80% of ETH supply, i.e., those holding the… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. With Sam Bankman-Fried charged and behind bars and FTX’s implosion beginning to fade (ever so slightly) into the rearview mirror, this week saw coin prices finally start to act normal. And that meant: just as turbulent as the stock market.  Bitcoin (BTC) and Ethereum (ETH) moved in lockstep with Wall Street this week, cresting on Wednesday in anticipation of a rosy interest rate update from the Federal Reserve, following… Source link

Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial auditor Mazars paused all work for crypto clients. Bitcoin Bitcoin (BTC) extended recent declines on Saturday, as markets continued to be nervous following recent uncertainty surrounding… Source link

Widely followed cryptocurrency analyst Benjamin Cowen is warning that Ethereum (ETH) may collapse due to at least one big economic worry. In a new strategy session, Cowen tells his 779,000 Youtube subscribers that the leading smart contract platform could decline by more than 65% from its current price of $1,174. “I do think you’re still looking at a leg lower here on Ethereum’s valuation against the US dollar. I think around that $400-$600 range is a good spot to begin… Source link

For the longest time, the meme coin Shiba Inu (SHIB) had been an Ethereum whale favorite. This support was driven by the rapid growth of the cryptocurrency that netted some of these whales millions of dollars in profit. However, with the crypto winter, SHIB has suffered one of the worst declines, causing Ethereum whales to move away from the meme coin. Shiba Inu Falling Out Of Favor At one point, the Shiba Inu holdings of the top 5,000 largest Ethereum whales had reached as high as $1… Source link

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users. Source: TokenTerminal The total value locked in Ethereum-based smart contracts also decreased by decentralized finance by… Source link

Crypto markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser.  The Fed hiked interest rates by 0.50%, which was well within the expectation of most market participants, but the eyebrow-raiser was the Federal Open Market Committee consensus that rates would need… Source link