Ethereum

As the second biggest cryptocurrency by market capitalization Ethereum (ETH) continues to test resistance levels in January after a solid start to 2023, investors are interested whether Ethereum has more room to grow by the beginning of February. According to information acquired by Finbold using the machine learning algorithms at the crypto monitoring portal PricePredictions, the price of Ethereum is forecasted to trade at $1,582 on February 1, 2023, as per data collected on January 19.

“It’s important because DVT is becoming a major focus for Ethereum,” Alon Muroch, Technical Lead, SSV Network, said to CoinDesk in a note. “More funds, companies, DAOs are getting involved. It’s going to be as widespread as Layer-2s, and Maximal Extractable Value after the tech hits the Ethereum mainnet in 2023. The funds involved are at the ground level supporting this change” Source link

“It’s important because DVT is becoming a major focus for Ethereum,” Alon Muroch, technical lead, SSV Network, said to CoinDesk in a note. “More funds, companies, DAOs are getting involved. It’s going to be as widespread as layer 2s, and Maximal Extractable Value after the tech hits the Ethereum mainnet in 2023. The funds involved are at the ground level supporting this change.” Source link

Bitcoin and Ethereum fell on Thursday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies on market concerns that the U.S. Federal Reserve may increase interest rates further to tackle inflation. See related article: Why crypto crashes are just like Nascar collisions Fast facts Bitcoin fell 2.19% to US$20,832 on Thursday at 4 p.m. in Hong Kong, after gaining 14.89% over the past seven days, according to data from CoinMarketCap. Ethereum lost 3.37% to US$1,529 but… Source link

Ethereum (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September 2022. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark.  Ether/USD price index, 2-day. Source: TradingView If Ethereum price were to break above $1,600, it would return Ether to a top-60 global tradable asset, surpassing giant multinational companies like Nike (NKE), Novartis… Source link

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Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.  Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect United States and global regulators to eventually lay down a strong hammer on centalized exchanges and other businesses connected with the crypto sector. Crypto market daily price action. Source: Coin360 At… Source link

Bitcoin rose to its highest level since September, as markets prepared for the release of U.S. retail sales data. This afternoon’s economic release is expected to show a cooling off of sales, as consumers prepare for a recession. Ethereum also rose on the news, as it continued to hover close to $1,600. Bitcoin Bitcoin (BTC) rose above a key resistance level at $21,400 in today’s session, hitting a fresh multi-month high in the process. Following a low of $21,120.16, BTC/USD raced… Source link

Ethereum’s native token, Ether (ETH), could grow by 35% versus Bitcoin (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern. Ethereum price must first break key resistance Dubbed an ascending triangle, the pattern forms when the price fluctuates inside a range defined by rising trendline support and horizontal trendline resistance. It typically resolves after the price breaks out in the direction of its previous trend. On a weekly… Source link

When Ethereum (ETH 0.36%) started getting wide public notice in 2020 and 2021, it already had a huge lead over other blockchains that were launching amid the crypto bubble. Developers had spent years constructing tools and infrastructure that projects like non-fungible tokens (NFTs) and new tokens could build on.  As we begin a new year, there’s one cryptocurrency that has the momentum of a different type that could make it the Ethereum of 2023. That’s Polygon (MATIC -2.41%), the… Source link