Ethereum

Ethereum is consolidating above $1,550 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum is trading in a positive zone above the $1,520 and $1,500 support levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it… Source link

Ethereum is edging closer to the Merge right now, with the launch scheduled for 15 September. The Merge has already given a sharp boost to Ethereum [ETH] trading over the past month. According to data from Coin Glass, the number of Ether contracts that have not been settled has doubled to just over $8.43 billion. In September alone, the total derivatives volume for Ether was close to $87 billion, compared to over $67 billion for Bitcoin. This reflects on the growing sentiment… Source link

A popular analyst says he has his radar locked on a number of altcoins that are high on his list for accumulation including Ethereum (ETH) and Polkadot (DOT). Crypto strategist Michaël van de Poppe tells his 624,700 Twitter followers that he believes the crypto markets are giving long-term bulls the opportunity to accumulate digital assets at deeply discounted prices. In addition to leading smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe says… Source link

On September 1, Vitalik Buterin conducted an interview with the economics author Noah Smith and the co-founder of Ethereum spoke an awful lot about Bitcoin and the network’s long-term security. Buterin also discussed the crypto economy’s crash and said he was “surprised that the crash did not happen earlier.” Buterin: Bitcoin Is ‘Not Succeeding at Getting the Level of Fee Revenue Required to Secure What Could Be a Multi-Trillion-Dollar System’ Ethereum’s co-founder… Source link

The upcoming Ethereum merge is being considered a big crypto project event. The community sees this as a significant factor in rallying the ETH price in the future. Therefore, as the date of merge, September 15, is approaching, the Ethereum network is attracting a significant increase in activity. According to data from Ethereum-focused blockchain research firm, Etherscan, the network has 204,571,827 total wallet addresses as of September 2. Similarly, the… Source link

Arman Shirinyan Ethereum might show us more volatility in upcoming week as price reaches important local support Following some positivity in the last week of trading, Ethereum has entered the short-term local correction trend and will most likely be tested in the upcoming week as it reaches the important support level that stayed intact for the last 50 days. The drop below it will mark the continuation of the downtrend. The trendline support we have mentioned is the line that… Source link

Ethereum’s native token, Ether (ETH), is not immune to downside risk in September after rallying approximately 90% from its bottom of around $880 in June. Much of the token’s upside move is attributed to the Merge, a technical upgrade that would make Ethereum a proof-of-stake (PoS) protocol, slated for Sep. 15. But despite logging impressive gains between June and September, Ether still trades almost 70% below its record high of around $4,950 from November 2021. Therefore, its possibility… Source link

Following a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend. The decline comes as momentum surrounding yesterday’s nonfarm payrolls report faded. Bitcoin moved closer to its support point of $20,500, while ethereum was trading close to its floor of $1,550. Bitcoin Bitcoin (BTC) was back below $20,000 to start the weekend, as prices of the token moved closer to a key support point. Initial bullish momentum following… Source link

Ethereum [ETH] co-founder Vitalik Buterin has taken another dig at Bitcoin [BTC]. In a recent interview with Noah Smith, the Russian-Canadian crypto creator made a statement. This was not the first time that Vitalik claimed superiority over the number one cryptocurrency in market value.  In 2021, he told CNN that Bitcoin could get left behind. At another time, he was at loggerheads with ex-Twitter CEO and Bitcoin maximalist Jack Dorsey over the same issue. Now, Vitalik has… Source link

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The past week in the DeFi ecosystem saw major developments centered around the Ethereum Merge. Aave community proposed temporarily suspending Ether (ETH) lending before the Merge, citing the potential issue of high ETH utilization that may result in liquidations being hard or impossible and annual percentage yields… Source link