Ethereum

The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term. In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May 2018. As such, $600 could act as an area of interest for sellers. But, traders also believe that if Ether surpasses $600, it would likely enter the $700 to $900… Source link

In brief Ethereum mining difficulty today hit a two-year high. It measures how hard it is to find mine blocks on the Ethereum blockchain, which are required to process Ethereum transactions. The mining difficulty increase follows its booming price. Ethereum’s mining difficulty today hit a two-year high. Mining difficulty on the Ethereum blockchain jumped to 3,650 terahashes at around 11:15 UTC today, its second-highest level ever, data from market analytics firm Glassnode shows. By a… Source link

Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance. Cryptocurrency market overview from Coin360. Ether price sees $500 after more than two years Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/USD briefly hitting the psychologically significant barrier in Friday trading before a rejection halted progress. Despite being capped at roughly 6% daily gains at press time, Ether’s achievement… Source link

Ether (ETH-USD)the currency for the Ethereum blockchain, benefits from a unique set of macroeconomic and technological drivers. The issuance of Ether is slowing down, and the amount of Ether available for trading is being reduced, while demand from investors increases. As a result, the value of Ether will likely increase over the coming years. How Ether is Different From Bitcoin The bitcoin blockchain validates, stores, and replicates transaction data across a distributed network of… Source link

Crypto service provider Bitcoin Suisse expects to offer its Ethererum staking services before Christmas, underscoring the firm’s expectations of an imminent launch of Ethereum 2.0.  In a statement released Wednesday via Trustnodes, Bitcoin Suisse said: “The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest protocol by market cap will most likely become a reality before Christmas.” The firm intends to offer the staking service from the… Source link

Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar.  This milestone comes as interest in decentralized finance, commonly referred to as DeFi, received a second wind, with the number of users growing by 11% in the first 11 days of November. The ten DApps, six of which describe themselves as providing “DeFi and exchange” services, represent more than $21 billion in combined… Source link

Bitcoin climbed above topped $17,000 early Tuesday for the first time since January 2018, pushing this year’s remarkable rally to 137% on a year-to-date basis. That’s 10 times more than the Standard & Poor’s 500 Index of large U.S. stocks.  “Bears are in disbelief,” the digital-asset market analysis firm Arcane Research wrote early Tuesday in a report, noting that the cryptocurrency is on track to post its sixth straight weekly gain. “It seems like there is nothing stopping… Source link

Look no further than the rapid growth this year in the white-hot arena of decentralized finance, or DeFi, and it’s clear why the Ethereum blockchain is dominating so many conversations right now in the digital-asset industry.  The second-largest blockchain’s native cryptocurrency, ether (ETH), is up 266% this year – twice as much as mooning bitcoin (BTC).  But a lot of savvy digital-asset investors are hedging their bets, buying tokens associated with upstart blockchains that could… Source link

Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400.  Fast forward to 2020, and some investors believe a similar outcome may occur as a few key on-chain and technical indicators are mirroring the levels seen in the previous bull run. On Dec. 10 Ether price was $450, and it took only 34 days for Ether to reach its… Source link

Bitcoin is knocking at the gates of $17,000 while Ethereum’s transaction growth in 2020 is a positive indicator of future financial use cases. Bitcoin (BTC) trading around $16,829 as of 21:00 UTC (4 p.m. ET). Gaining 6.1% over the previous 24 hours. Bitcoin’s 24-hour range: $15,792-$16,851 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 14. Source: TradingView Bitcoin’s price made big gains Monday, turning… Source link