Ethereum

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

The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after the Digital Asset Exchange Alliance (DAXA) flagged the token with an investment warning. South Korea’s association of crypto exchanges… Source link

What happened Cryptocurrencies struggled today as the industry continues to deal with the fallout of the FTX meltdown and assess broader contagion. Furthermore, investors are also still digesting the Federal Reserve’s final meeting of the year earlier this week. Since late yesterday afternoon, the price of the world’s second-largest cryptocurrency, Ethereum (ETH -6.10%), traded 6.2% lower as of noon today. The price of Ethereum had fallen below $1,200. The price of the meme tokens Dogecoin… Source link

Bitcoin fell below $17,000 on Dec. 16, as bearish pressure continued to intensify following yesterday’s disappointing U.S. retail sales figures. Sales in the United States were down by 0.6%, which news came less than 24 hours after the Federal Reserve moved to hike interest rates. Ethereum moved closer to the $1,200 level in today’s session. Bitcoin Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data. As retail… Source link

Ethereum Shanghai hard fork is scheduled for March 2023, after which the fork stakers/ validators can withdraw ETH from Beacon chain.  Experts have estimated that 15 million Ethereum tokens, representing 12% of the total ETH supply can be withdrawn.  Ethereum price is facing resistance at the $1,278 level, a break past this could push ETH towards the $1,312 level.  Ethereum Shanghai hard fork’s tentative deadline is March 2023. Developers are working on an… Source link

Bitcoin and Ethereum have just given up all fresh gains earned following this week’s optimistic CPI report. Bitcoin, the largest cryptocurrency by market capitalization dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000, per CoinGecko. Bears have also regained control of Bitcoin on the weekly basis, with the cryptocurrency down 1.2% over the past seven days. Ethereum, meanwhile, has plummeted nearly 6% in the past day, according to CoinGecko. It’s still roughly… Source link

Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs. Ethereum started another decline and traded below the $1,300 support. The price is now trading below $1,290 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the… Source link

Ethereum price shows a rejection at the $1,350 hurdle after setting up three equal highs. ETH could retrace to the $1,195 support level to replenish momentum before giving the uptrend another go. A daily candlestick close below $1,150 will invalidate the bullish thesis. Ethereum price shows a lack of momentum after the recent volatile events. The run-up pushed ETH to produce another swing high. Rejection at this level has triggered a sell-off that could continue… Source link

Bitcoin price endures a steep profit-taking frenzy. Ethereum price is testing lower levels of support after a 7% rally on the week.  XRP price is down 8% on the month and 55% on the year.  The crypto market has early bulls in the market taking a profit. Despite this fact, there is a possibility for more upside. Key levels have been defined to determine the top 3 crypto’s next potential move. Bitcoin price retests resistance  Bitcoin price is undergoing a steep profit-taking… Source link

Former Goldman Sachs executive Raoul Pal says gold, stocks and Ethereum (ETH) are all showing patterns signaling big rallies are coming. The macro guru tells his 991,200 Twitter followers that the precious metal is forming an inverse head and shoulders (H&S) chart, indicating an imminent upward swing. “Lots of interesting market structures here, not only in crypto. Gold is close to a big inverse [head and shoulders].” Source: Raoul Pal/Twitter Next, Pal focuses on the Nasdaq… Source link