Ethereum

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25. At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multi-year downtrend hitting the highest levels since September 2019, which should be great news for altcoins in general.  ETH/BTC weekly candle chart (Coinbase). Source: Tradingview The higher highs come less than a week after ETH/USD finally broke its all-time high, surpassing… Source link

During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this cryptocurrency should become the “first cryptocurrency” for every investor. Let’s start with the numbers: ETH’s growth since its March 2020 low after the coronavirus-induced… Source link

The recent surge in popular cryptocurrency Bitcoin (CCC:BTC-USD) has sparked an increase in other cryptocurrencies’ prices. Right now, Ethereum’s (CCC:ETH-USD) Ether is the second most valuable altcoin and is up roughly 100% in the past month. Source: Shutterstock As such, institutional investors should start looking at Ethereum with similar engrossment as they do Bitcoin — the cryptocurrency should grow substantially following a constriction in supply as well as with the… Source link

Back in the Picture Photographer: Jack Taylor/Getty Images  Investors let out a $58 billion sigh of relief after Alibaba Group founder Jack Ma appeared in public for the first time in months.  His brief comments on philanthropy at a live-streamed event to honor rural teachers sparked an 8.5% share-price rally in the e-commerce giant. Ma had not been seen since late last year when… Source link

The price of the world’s second largest cryptocurrency, ether, hit a new all-time high of US$1,440 (£1,050) on January 19. This breached a previous high set three years ago and gave ether a total value (market capitalisation) of US$160 billion, although it has since fallen back to around US$140 billion. Ether, which runs on a technology system known as the ethereum blockchain, is worth over ten times the price it was when it bottomed during the COVID market panic of March 2020. And… Source link

All eyes are on cryptocurrencies and for a darn good reason. Last year, I made a friendly wager with my InvestorPlace colleague Louis Navellier, which we called the “Race to 40K.” I bet him that Bitcoin would reach that lofty threshold before the Dow Jones did. A quick look at the charts reveals that I was right on the money. But astute investors should really take a look at Ethereum. Source: Shutterstock Don’t misread this — I didn’t give Louis a hard time. In my… Source link

Fundstrat Global Advisors strategist David Grider predicts that the price of ethereum could rally to $10,500 per unit after the cryptocurrency set a new all-time high on Tuesday. The estimate implies a near 700% upside on the current ether price hanging above the $1,300 range. According to Grider, ether (ETH) – the second largest digital asset after bitcoin (BTC) – will continue to benefit from its relationship with… Source link

The price of Ether (ETH), the native cryptocurrency of Ethereum, fell sharply as Bitcoin (BTC) corrected overnight on Jan. 20. Bitcoin price slid to as low as $34,000 on Binance, recording a 10% drop since yesterday’s peak. Bitcoin price chart with key levels. Source: TradingView.com, TraderXO Why did Ether price drop particularly hard? Ether has outperformed Bitcoin so far in January, as Cointelegraph previously reported. As Bitcoin started to consolidate with low volume, the demand for… Source link

LONDON, ENGLAND – DECEMBER 08: Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 – Day 2 at Copper Box Arena on December 8, 2015 in London, England. (Photo by John Phillips/Getty Images for TechCrunch) Following bitcoin’s surge to hit a new all-time high earlier in January, ethereum, the second largest cryptocurrency by market cap, neared $1,440 on Tuesday to inch toward the same feat — but that could just be the beginning of a 650% explosion, according to one… Source link

Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks.  Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at the significance of this milestone. See also the latest issue of CoinDesk’s Valid Points newsletter by our colleagues… Source link