Ethereum

Every year since 2016, I’ve made predictions about what the next year will bring for the industry. If you pay attention to the incremental change that occurs year after year, you realize everything is connected and you can foresee some exciting outcomes. 2021 will undoubtedly be a year for blockchain and crypto to take center stage economically, politically and socially. Here’s what I see coming.  This post is part of CoinDesk’s 2020 Year in Review – a collection of op-eds, essays… Source link

A worker uses a handheld cleaning tool to clean application-specific integrated circuit (ASIC) … [+] devices and power units mounted in racks inside the BitRiver Rus LLC cryptocurrency mining farm in Bratsk, Russia, on Friday, Nov. 8, 2019. Bitriver, the largest data center in the former Soviet Union, was opened just a year ago, but has already won clients from all over the world, including the U.S., Japan and China. Most of them mine bitcoins. Photographer: Andrey… Source link

Ethereum Ethereum rose by 6.66% on Monday. Following on from a 7.42% rally on Sunday, Ethereum ended the day at $729.70. A mixed start to the day saw Ethereum fall to an early morning intraday low $680.90 before making a move. Steering clear of the first major support level at $634.42, Ethereum rallied to a late intraday high and a new swing hi $747.00. Ethereum broke through the first major resistance level at $724.4 to wrap up the day at $729 levels. At the time of writing, Ethereum was up by… Source link

The price of Ether (ETH) has surged past $730 for the first time since May 2018. Following ETH’s breakout, traders are becoming more optimistic in its short-term trajectory. There are two major factors behind ETH’s strong rally: a strong technical market structure and the CME Ethereum futures listing in January 2021. Ethereum continues to see the “higher high” pattern In technical analysis, the higher high pattern often indicates strong momentum because it shows every new peak is higher… Source link

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Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has been lagging behind Bitcoin (BTC). Historically, when BTC surges, altcoins tend to rally with larger upside price movements. This time, Bitcoin has been clearly outperforming the altcoin market, particularly in December. BTC market cap dominance has recently risen to a one-year high of around 70%, largely due to the big sell-off in XRP in the past week.  BTC/USD vs. ETH/BTC (yellow), LTC/BTC (orange), XRP/BTC (blue) 1-day… Source link

Despite the excitement and enthusiasm in the Ethereum community, many people don’t yet fully understand the significance – and the opportunity – of the second-largest blockchain for large institutions and enterprises.  The nature of network participation is changing dramatically as well as the incentive mechanisms for securing open permissionless protocols, demonstrated by Ethereum’s shift to a radically new consensus mechanism. This post is part of CoinDesk’s 2020 Year in… Source link

Ethereum Ethereum rose by 2.37% on Friday. Following on from a 4.60% rally on Thursday, Ethereum ended the day at $626.75. A mixed start to the day saw Ethereum fall to an early morning intraday low $604.26 before making a move. Steering clear of the first major support level at $580.26 Ethereum rallied to a late morning intraday high $633.97. Ethereum broke through the first major resistance level at $629.64 before sliding back to $606 levels. Finding late support, however, Ethereum moved back… Source link

What happened Shares of Grayscale Ethereum Trust (OTC:ETHE), a fund designed to allow traditional investors to invest in the non-traditional asset known as Ether, are getting crushed today. As of 11:20 a.m. EST, it’s down a whopping 18%. By contrast, Ether is only down 3% over the past 24 hours. In theory, the movements shouldn’t diverge this much. What gives? So what I can objectively say that Grayscale Ethereum Trust is wildly overvalued, and that’s probably why shares are falling… Source link

XRP has been showing massive weakness as the cryptocurrency is being sued by the SEC. Its price tumbled significantly from $0.65 to $0.21 in four days, a crash of 67%. Meanwhile, other altcoins also corrected significantly in the past 24 hours as investors probably fear that XRP may not be the only coin on the SEC’s radar. Ether (ETH) dropped by 14% on Dec. 24 and then bounced at $550. While Chainlink corrected 38% toward a recent low of $8. Sushiswap (SUSHI) saw the largest correction and… Source link