Ethereum

Bitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. Today’s move comes as prices rose for a second straight day, with momentum now firmly bullish. Ethereum was also in the green to start the week, with the coin hovering near the $1,300 mark. Bitcoin Bitcoin (BTC) surged to a three-week high on Monday, as prices climbed for a second straight session. Following a low of $16,940.90 on Sunday, BTC/USD moved to an intraday peak… Source link

On December 5, Bitcoin, the leading cryptocurrency, finally broke above the major resistance level of $17,000, and it is now heading north to $17,600. Similarly, Ethereum, the second-most valuable cryptocurrency, has broken through the $1,300 barrier and is on its way to $1,350. Major cryptocurrencies traded mixed early on December 5, as the global crypto market capitalization increased 1.58 % in the previous day to $865.67… Source link

Ethereum gained pace and retested the $1,300 resistance zone against the US Dollar. ETH is eyeing more gains towards the $1,330 and $1,350 levels. Ethereum remained well bid above the $1,240 level and resumed its increase. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum once it settles… Source link

Ethereum turned inflationary as network supply fees fail to surge Network validators remain staunch in their duty to avoid slashing events while ETH consolidated Ethereum’s [ETH] quest for profitability took another sour turn as it returned to inflationary condition after a few attempts at the opposite. According to Token Terminal, the decentralized blockchain daily earning in the last 365 days revealed a very low value. Hence, indicating that network gains were almost… Source link

A senior executive at the $1.5 trillion asset management giant Franklin Templeton says that Ethereum (ETH) staking yield is presenting big opportunities for institutions looking at the crypto markets. In a new interview on Real Vision with Raoul Pal, Pal asks senior vice president of Franklin Templeton Sandy Kaul if Ethereum staking could help spark institutional adoption. In response, Kaul says, “Let me just say, stay tuned to that space because I’ve seen some extremely… Source link

A leading analytics platform says that one crucial metric is flashing a bullish signal for Bitcoin (BTC) and Ethereum (ETH). IntoTheBlock says the number of daily active addresses for both Bitcoin and Ethereum dropped off after surging above $60,000 for the first time in May 2021. The analytics firm now notes that the number of active addresses for BTC and ETH are stabilizing, indicating that more people are using the top two crypto today than before the previous bull run. “For… Source link

The cryptocurrency market is currently neutral as neither buyers nor sellers are controlling the situation. ETH/USD Ethereum (ETH) is looking worse than Bitcoin (BTC), going down by 0.35% since yesterday. After the false breakout of the local support level at $1,267, the price of Ethereum (ETH) remains weak, which means that there is a high chance to see a retest. If that happens, the fall may continue to the $1,250 zone. The situation is similar on the daily chart, as Ethereum… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. If last week was a mixed bag of flatness for the largest coins, this week offered the first real signs of gains following the catastrophe of FTX’s spiral into bankruptcy.  Bitcoin (BTC) rose 2.7% over the past seven days and currently trades at around $17,000. Its closest rival Ethereum (ETH) grew 6.7% and trades for $1,285 at the time of writing, according to data from CoinGecko.  Both leading cryptocurrencies appear to have… Source link

Tomiwabold Olajide Cardano networking layer might be found to be eight times more decentralized than networking layer of Ethereum According to crypto researcher Sooraj, the Cardano networking layer might be found to be eight times more decentralized than the networking layer of Ethereum. In a thread of tweets, Sooraj highlights how he arrived to this conclusion. Currently, #Cardano has a MAV of 24, and #Ethereum has a MAV of 3 This shows that the #Cardano networking layer is eight times… 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 The second-largest cryptocurrency in the world, Ethereum (ETH), has had a significant rebound after experiencing intense selling pressure over the previous weekend.  According to on-chain data, the number of active Ethereum addresses on 2 December rose to its highest level in six weeks. The price of ETH… Source link