Ethereum

The Ethereum price is trading laterally on its daily chart. The coin has moved south by 1.8% in that timeframe. Both the bulls and bears are trying to take over the market as the altcoin remains within a congested price zone. If the altcoin price is rejected at higher levels, the chance of a reversal might increase. This would mean that bulls represented an upper hand. Moving sideways, however, will bring the asset close to its local support line of $1,220. The current technical outlook… Source link

In tandem with this consolidation, we’ll also see increasing specialization among the various EVMs to cater to specific kinds of applications. These are called application-specific EVMs, built to cater to categories of applications like DeFi, ReFi [regenerative finance] and infrastructure. Some of these applications will mature and migrate to their application-specific blockchains (appchains), like what thhe blockchain of blockchains, Cosmos, enables. Source link

Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike policy. Ethereum was also lower, and is trading below $1,250 as of writing. Bitcoin Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the… Source link

Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.” The comment came in response to an assessment from Jeremy Garcia, the CEO of Bitcoin education site Satoshi’s Journal, who blasted Ethereum as “poorly designed” and uncompliant with the “1st principles” of cryptocurrency. Lithium Ventures chief product officer Tom Littler explained first principles as criteria used to… Source link

Source: TradingView The ethereum price has fallen by 2% in the past 24 hours, dropping to $1,249 amid a similar fall for the cryptocurrency market as a whole. Its current price represents a 2.5% decline in a week and a 3.5% decrease in the last 30 days, as wider macroeconomic pressures and continued negative sentiment continue to squeeze prices downwards.  On the positive side, it’s arguable that the ongoing falls have only put ETH… Source link

Cryptocurrencies slipped on Monday. The global crypto market cap stood at $840.2 billion, with a volume of nearly $29.3 billion in the past 24 hours. Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, fell 1.4 percent to $16,906.3. Its market value stood at $325.1 billion. The trade volume was at nearly $16.3 billion. “Bitcoin is trading in a tight zone changing hands between $17,300 and $16,800 levels since the past two weeks indicating a range-bound rally. However,… Source link

Ethereum faced a strong rejection near $1,300 against the US Dollar. ETH is declining, but there is a major support waiting near $1,240 and $1,220. Ethereum struggled to clear the $1,295 and $1,300 resistance levels. The price is now trading below $1,260 and the 100 hourly simple moving average. There was a break below a key contracting triangle with support at $1,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now approaching a major support at $1,240 and… Source link

On Sunday, Bitcoin is trading sideways, maintaining a narrow range of $17,000 to $17,350 level. Similarly, Ethereum has risen above the $1,250 level, a support level that’s extended by an ascending triangle pattern.  Major cryptocurrencies were trading in the red early on December 11 as the global crypto market cap increased 0.9% to $855.49 billion on the previous day. Over the last 24 hours, the total crypto market volume has… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject At press time, the majority of assets remained almost steady, but ETH increased by 3.93% during the past day. This is increasing the possibility of a small rally to lift the price of the cryptocurrency above the barrier levels. Vitalik Buterin, a co-founder of Ethereum, has urged the cryptocurrency community… Source link

Bitcoin started the weekend trading above $17,000, as traders prepare for next week’s U.S. Federal Reserve interest decision. Markets now expect that the Fed could continue hiking rates, following a higher than expected increase in producer prices. Ethereum mainly consolidated on Saturday, as prices moved back towards a key price floor. Bitcoin Bitcoin (BTC) remained above the $17,000 level to start the weekend, despite crypto markets mostly consolidating. BTC/USD fell to an… Source link