Ethereum

Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become. Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25. Two days, half a billion dollars of ETH shorts It is not just Bitcoin (BTC) causing the bears severe pain this week — data from exchanges also shows that Ethereum shorters have suffered heavy losses. ETH/USD… Source link

During the Asian session, the Bitcoin price is trading bearish at $20,244 after getting rejected at the $21,000 resistance zone. Likewise, Ethereum has completed a 61.8% Fibonacci retracement at $1,550 and is now heading lower, losing more than 3% in the last 24 hours to trade at $1,504. Major cryptocurrencies were trading in the red early on October 28 as the global crypto market value lost momentum, plunging from $1 trillion… Source link

The rate of smart contract and dApp development on Ethereum dropped in the last few months. This is unsurprising because of the bearish market condition that prevailed during the same period. Here’s AMBCrypto’s price prediction for Ethereum (ETH) Developers are aware that their dApps are less likely to get traction during a bear market. Given these observations, the latest spike in Ethereum smart contracts indicates that developers are becoming more optimistic. To put it… Source link

Ethereum price could experience a swift selloff on the breakdown of the 100-day EMA at $1,494.  Sidelined buyers can accumulate ETH around $1,400 before the next leg propels the altcoin to $2,000. A daily candlestick close below the $1,343 support level will invalidate the bullish thesis for the smart contract token. Ethereum price action depicts exhausted bulls after an explosive move over the last five days. This upswing is currently facing a significant hurdle… Source link

The Bitcoin price rose by 10% and now exceeds the previous range. Ethereum price rallies 20% this week and could gain an additional 20%. Ripple price has the potential to rally higher.  The crypto market’s rally may have shaken up retail traders. Currently, the technicals hint at more uptrend movement in the days to come.  Bitcoin price pumps  Bitcoin price currently trades at $20,596 as the bulls have produced an impressive 10% rally during the final week of… Source link

Bitcoin fell marginally lower on Thursday, as traders moved to secure gains following yesterday’s price surge. The token rallied to a multi-week high above $21,000 late on hump-day, with bulls somewhat retreating today. Ethereum was also down from Wednesday’s five-week high. Bitcoin Bitcoin (BTC) bulls moved to secure Wednesday’s gains during today’s session, as the token fell from a peak above $21,000. Yesterday saw the world’s largest cryptocurrency rally to a peak of… Source link

Both Bitcoin (BTC -0.64%) and Ethereum (ETH -0.13%) have been hit hard by the current downturn in the crypto market. Bitcoin, for example, is down 68% over the past 12 months while Ethereum is down 67%. Yet there are still some investors looking to get into the crypto market, and for many, the choice about where to start may come down to Ethereum or Bitcoin, which are the two top tokens by market capitalization. While Bitcoin and Ethereum are down by similar amounts, they are very… Source link

Since Ethereum moved from a proof of work (PoW) to a proof of stake (PoW) mechanism, there has been an ongoing debate on whether the digital asset is now a security or a commodity. Notable figures have shared their insight on this and how the regulatory bodies are actually classifying cryptocurrencies. The latest is Cardano founder Charles Hoskison, who shared his thoughts on a recent Twitter Space. Regulators Are Too Vague One problem that has persisted with… Source link

Gamza Khanzadaev Ethereum’s new foundation and perspectives to flip Bitcoin, in opinion of Mike McGlone According to Mike McGlone, lead strategist at Bloomberg Intelligence, the successful transition of the crypto market’s main altcoin to proof-of-stake during the severe global economic crisis, as well as its dominant place in the digital financial revolution, is creating a new foundation for Ethereum. This foundation, in the expert’s view, is now shaping up in the $1,000 zone. What… Source link

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