Ethereum

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish… Source link

Ethereum price shows a significant influx of investors actively participating in the network. The bears have successfully breached the 8-day exponential moving average. Invalidation of the bearish thesis is a breach above $1,330. Ethereum price could become problematic for long-term investors as a sweep-the-lows event is becoming more self-fulfilling. Key levels have been identified. Ethereum price is setting up for a correction  Ethereum price displays… Source link

Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red. Bitcoin Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at… Source link

“If you have an idea for an [app], or if you should deploy an asset, even if you do a Ponzi scheme or whatever, the platform treats you in a neutral way,” he explained. “I feel like it’s important to have one place where, even at a geopolitical scale, you don’t have the fear that one party could just, say, freeze the accounts or the assets of another party.” Source link

A popular crypto strategist known for his timely altcoin calls says that Ethereum (ETH) and decentralized oracle network Chainlink (LINK) are setting the stage for a big move to the upside. Pseudonymous analyst Altcoin Sherpa tells his 184,900 Twitter followers that the leading smart contract platform is trading within a tight range as it gears up for a potential 38% surge. “ETH: still confident this goes to $1,600-$1,800 for the next big move.” Source: Altcoin… Source link

Solana has already cemented its reputation as one of the largest competitors of Ethereum which had earned it the nickname of ‘Ethereum Killer’. The community has run with this narrative and it has led to a fierce rivalry between the communities behind both networks. However, Solana founder Anatoly Yakovenko has actually come forward to debunk this belief and has presented a new one entirely. Solana Is Not An ‘Ethereum Killer’ Speaking on the Decrypt gm… Source link

This week’s letter focuses on only one piece of crypto news… for good reason.  One of the biggest tech companies in the world has just partnered with a crypto most folks have never heard of… but it could soon give Ethereum a run for its money.  Google Cloud announced it will provide infrastructure and tech support for Near Protocol (NEAR)’s startup Pagoda project, the first-ever Web3 platform where developers can build and launch new blockchain products.  The Pagoda platform comes… Source link

Ethereum price’s early week rebound stalls at $1,340. Justin Bons, the founder of Cyber Capital, reckons that no ETH transaction has been stopped or censored since the Merge. A break below the 50-day SMA on the eight-hour could drag ETH price closer to validating a falling triangle breakout. Ethereum supply in loss rises to 52 million, hinting at a bullish price move. Ethereum price seems relatively unchanged on Tuesday after bulls propelled it to $1,340 on… Source link

Following the implementation of the Merge update and the spike in network activity, Ethereum’s price has decreased by more than 98%. Under the PoW mechanism, in the same period, more than $500 million worth of ETH would have been on the market. Since implementation of the major update, only 6,500 ETH has been issued on the network. At the current price level, it is worth around $8.5 million. Such a low inflow to an asset with almost $10 billion in volume technically makes fresh selling… Source link

Bitcoin was trading at its highest level in the past five days on Tuesday, as prices rose past a key resistance point. Ethereum also rallied to a similar milestone earlier in today’s session, as cryptocurrency markets continue to move away from recent bearish sentiment. As of writing, the global market cap is trading 0.38% higher. Bitcoin Bitcoin moved to its highest point in five days on Tuesday, as bearish sentiment began to gradually fade. BTC/USD hit an intraday high of… Source link