Ethereum

Key Takeaways Strong positive fundamentals support Ethereum bulls in the near-term. A technical break above the $420 resistance level confirms a continuation of last week’s bullish breakout. On-chain data analysis shows rising activity on the Ethereum blockchain. Share this article Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level.  Now, on-chain analysis reveals that buyers are… Source link

In brief In early October Sam Bankman-Fried, the CEO of FTX, which operates the decentralized crypto exchange Serum, predicted that a surge in trading volume on Ethereum-based DEXes wouldn’t last. Volume fell sharply across DEXes in October. On Decrypt’s podcast, he explained how he identified what he calls “fake volume”. At the LA Blockchain Summit in early October, Sam Bankman-Fried, the CEO of crypto exchange FTX, said that a summer surge in volume on Ethereum-based DEXes was… Source link

Ethereum is close to becoming the first blockchain to process $1 trillion this year ETH price is trading 8.7% in the green as buyers work to secure the highest weekly close since August A pullback to $395 would offer a chance to buy ETH at a solid risk-reward level Ethereum (ETH) price is on its way to secure the biggest weekly gains in over 2 months after the world’s second largest digital asset broke above the intraweekly resistance line.  Fundamental analysis: The first… Source link

The birth of Bitcoin (BTC) over a decade ago has opened doors to many other cryptocurrencies. Although it still reigns as the most popular and largest cryptocurrency by market capitalization, Ethereum is trailing behind steadily while Dai is also rising in popularity. In this simple guide to Ethereum and Dai, we’ll take a closer look to understand both cryptocurrencies better. Currently, Ethereum is the second most popular cryptocurrency. Despite the exciting growth of cryptocurrencies,… Source link

The third-quarter decentralized finance boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC). According to crypto market data aggregator Messari, the 30-day rolling daily average for Ethereum transaction volume is currently $7 billion, with Bitcoin processing less than $3 billion. If the current trend continues, Messari predicts Ethereum will become the first public blockchain to settle $1 trillion in transfers over a… Source link

Chainlink’s verifiable randomness function, or VRF, has made its way to the Ethereum (ETH) main net. VRF will provide a decentralized source of randomness for the project’s decentralized ecosystem.  A trusted source of randomness is essential for many applications, such as those in the gambling and gaming industries. Chainlink’s co-founder Sergey Nazarov told Cointelegraph that many blockchains  beyond Ethereum, such as the gaming-focused Matic Network, are interested in deploying the… Source link

Bitcoin has climbed this week, boosted by remarks made by the chairman of the Federal Reserve, Jerome Powell, on digital currencies and by renewed hopes of a fresh stimulus deal. The bitcoin price has climbed above $12,000 per bitcoin for first time since mid-August and is nudging its year-to-date highs. However, bitcoin’s rally has failed to boost other major cryptocurrencies, including ethereum, Ripple’s XRP, litecoin, chainlink. Now, researchers have identified what’s really driving… Source link

The price of Bitcoin (BTC) has been rallying strongly while Ethereum (ETH) and other large-cap alternative cryptocurrencies (altcoins) have slumped. In previous bull cycles, ETH front ran BTC, not the other way around. The current market dynamics are uncanny because Bitcoin has been solely increasing in price, while the cryptocurrency market stagnates. In fact, major altcoins, including Ethereum, have been dropping in value against both BTC and the U.S. dollar in the past nine days. … Source link

Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat. A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its impulse upward moves have corrected heavily to retest previous resistance levels. When is the best period to buy ETH/USD and what potential levels can be… Source link

Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Customer Support Americas+1 212 318 2000 Europe, Middle East, & Africa+44 20 7330 7500 Asia Pacific+65 6212 1000 Source link