Ethereum

Ether (ETH) rallied 11.3% between Nov. 28 and Dec. 5, peaking at $1,300 before facing a 4.6% rejection. The $1,300 resistance level has been holding ground for twenty-six days and is the most likely explanation for the correction to $1,240 on Dec. 6.  Ether/USD price index, 12-hour. Source: TradingView So from one side, traders are relieved that Ether is trading 16% above the $1,070 low reached on Nov. 22, but it must be frustrating to fail at the same level the entire week. In addition to… Source link

As we near the end of the year and the Christmas holiday, it’s a good time to reflect on Ethereum’s (ETH) historical performance around the festive season and project how it might fare in 2022.  According to historical data obtained by Finbold, Ethereum had recorded consistent year-on-year (YoY) growth throughout the previous three Christmases, with Christmas Day of December 25, 2021, standing at $4,093. Considering various technical analysis (TA) indicators, Ethereum’s Christmas… Source link

Ethereum’s native token, Ether (ETH), eyes a strong bullish reversal after losing 25% from its November high of $1,675, according to a bottom fractal spotted by independent market analyst Wolf. Can Ethereum price co its March 2020 fractal?   Wolf compares Ethereum’s multi-month downtrend between May 2018 and March 2020 with a similar but relatively shorter correction after July 2022. If the move repeats, that means the price of Ether has bottomed in November 2022, according to the analyst,… Source link

Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin (BTC) was consolidating in today’s session, as prices retreated from Monday’s three-week high. Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday… Source link

Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone. Ethereum attempted another upside break above $1,300, but failed. The price is now trading below $1,280 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further lower, but the $1,220 support is the… Source link

HodlX Guest Post  Submit Your Post   Key data Average Ethereum (ETH) gas price increased by 1.8% in November. The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%. Average number of Ethereum transactions per day has been declining for more than six months now. In November, the average number of Ethereum blocks per day has changed by just 0.01%. The number of blocks per day and the block size remain almost unchanged. In November, the average… Source link

Ethereum co-founder Vitalik Buterin said in a new blog post that DAO-governed stablecoins backed by real-world assets and zero-knowledge decentralized identities would form a crucial part of Ethereum’s future. Buterin argued that the collapse of FTX has sensitized crypto users to the merits of decentralization. He also believes that a stablecoin issued by an entity with a robust decentralized government would allow many users to benefit from saving and using it as a currency.  Buterin… Source link

Ethereum price is likely to undergo a retracement to the $1,202 to $1,218 demand zone to refill bullish optimism. A bounce from this level will allow ETH to sweep the buy-stop liquidity above $1,309 and $1,350.  Invalidation of the bullish thesis will occur below the $1,195 support level.  Ethereum price shows a lack of bullish enthusiam, resulting in three failed attempts to overcome an immediate hurdle. As a result, ETH has slid lower and is likely to continue… Source link

Alex Dovbnya Canadian programmer has enumerated most exciting Ethereum-based applications in recent blog post In a lengthy blog post published earlier today, Canadian programmer Vitalik Buterin named the most exciting applications within the Ethereum ecosystem. Buterin sees money as “the first and most important” use case for the popular blockchain. He noted that the chain had become much more stable following the Merge upgrade that occurred in March. Buterin also claims that scaling… Source link

Ether primed for short-term upside. Source: TradingView Ethereum Up 10% in Seven Days The price of Ethereum (or ETH), the token that powers the Ethereum blockchain network, was last up more than 10% in the last seven days. Ahead of the start of Monday’s US session, ETH was last changing hands for just under $1,300 per token, up just over 2.5% in the last 24 hours and probing for a breakout to fresh near-one-month highs and a test… Source link