Ethereum

ETH/USD currently trades within an ascending triangle pattern and could see a breakout to highs of $770 by end of December Ethereum price could surge to highs of $750 within the next two weeks if bulls breach a major resistance level. The smart contracts platform could also see the value of the native digital asset spike by 25% or more given historical price action over December months. At the time of writing, Ethereum price is trading around $583, about 2% down on the day. Bulls are… Source link

Ether (ETH) price might have had a disappointing week after its price failed to hold the $600 level, but the fundamentals of the network and cryptocurrency remain solid. Traders are known for having short memories so it’s worth mentioning that Ether price is still 45% higher than it was in the previous month. To understand whether the recent correction reflects a temporary consolidation or an effective ceiling caused by the lack of adoption, it’s helpful to gauge the metrics which reflect… Source link

Bitcoin is struggling to make gains as an expected low-volume weekend could push price further down. Meanwhile, the increasing number of active Ethereum addresses this year is a testament to the network’s growth. Bitcoin (BTC) trading around $18,019 as of 21:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours. Bitcoin’s 24-hour range: $17,593-$18,404 (CoinDesk 20) BTC slightly above its 10-hour moving average but below the 50-hour on the hourly chart, a sideways signal for market… Source link

Bitcoin is struggling to make gains as an expected low-volume weekend could push price further down. Meanwhile, the increasing number of active Ethereum addresses this year is a testament to the network’s growth. Bitcoin (BTC) trading around $18,019 as of 21:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours. Bitcoin’s 24-hour range: $17,593-$18,404 (CoinDesk 20) BTC slightly above its 10-hour moving average but below the 50-hour on the hourly chart, a sideways signal for market… Source link

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market’s rally has been halted in its tracks, and most altcoins along with Bitcoin have been registering a significant drop in prices lately. Ethereum, the world’s second-largest cryptocurrency, has also been seeing its price drop along the price scale. At press time, the digital asset was being traded at $544 as it approached the support… Source link

Ethereum price seems close to complete a bearish pattern known as Adam & Eve. Bears will target a low of $370 in the long-term if the pattern is confirmed. More than 1.4 million ETH are locked inside the ETH2 deposit contract. Ethereum is trading in a short-term downtrend on the daily chart at $545 at the time of writing. While bears target a breakdown below a crucial support level at $484, bulls are not entirely afraid as more than 1.4 million ETH have been… Source link

The number of developers in crypto is ticking up again, according to the annual developer report from venture firm Electric Capital. And one network remains a clear winner in terms of attractiveness to coders. “More than 300 new developers per month are joining Ethereum,” Maria Shen, a partner at Electric and the report’s author, told CoinDesk. “Ethereum has continuously grown through Crypto Winter.” The report tracks ecosystems by blockchain. In other words, a Bitcoin developer is… Source link

Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage.  Daily cryptocurrency market performance. Source: Coin360 As the price of Bitcoin (BTC) dropped precariously close to a large CME gap at $17,000, Ether (ETH) price fell below the 20-MA to $529. At this level, Ether became oversold on RSI and the bounce from that region was strong enough to bring the price back to the 20-MA. ETH/USDT 4-hour chart. Source: TradingView At the time of… Source link

Since the epic launch of Ethereum 2.0 last Tuesday, there have been tons of data about its activity to decipher and analyze. Early statistics shared after the first day of launch in our previous newsletter revealed how Eth 2.0 was inundated with 66% more funds than the minimum required to secure network operations. We were also able to view in real time the progression of over 100 epochs, in which more than 3,000 blocks were processed by validators.  Heading into the network’s second week… Source link

SAN FRANCISCO–(BUSINESS WIRE)–Kraken is pleased to announce its new Ethereum 2.0 staking service has passed a key milestone, with clients depositing well over 100,000 ETH (over $60 million) in just four days since launch. The total amount staked on Kraken hit the 100k threshold Tuesday, meaning approximately 8% of the ETH currently staked for Ethereum 2.0 is now staked on Kraken. On-chain staking allows clients to help verify the network in return for additional tokens, making… Source link