Ethereum

Key Takeaways Crypto and global financial markets are bracing for a busy week ahead of the next FOMC meeting, major earnings reports, and the Q2 GDP report.  Bitcoin and Ethereum trended down early Monday and look poised for volatility over the next few days.  The top two crypto assets are currently sitting on vital support. Share this article Uncertainty is mounting around Bitcoin and Ethereum ahead of this week’s Federal Open Market Committee. Furthermore, upcoming earnings… Source link

Ethereum registered an appealing 12% pump during the weekend. From a local low of $1488, ETH rallied up to $1664. However, as soon as the Asian markets started trading on Monday, the alt registered a streak of 6 red candles on the hourly, translating into a 10% dip. After visiting lows of $1498.95, Ethereum was back to consolidating above $1500 at press time. Over the last couple of hours, ETH has been trying to break past $1530 but has been rejected several times. Source: TradingView

Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency. “Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an exclusive interview with Cointelegraph.  [embedded content] The Merge, a long-awaited upgrade that will complete Ethereum’s transition from a… Source link

If you could hold only a single crypto in your portfolio, what would it be? Most people would probably answer Bitcoin (BTC 0.20%), and for good reason. Bitcoin is not only the best-known and most popular crypto but also often the benchmark to which all other cryptos are compared. In terms of market capitalization, Bitcoin has always loomed far above its rivals. So, is it possible that Ethereum (ETH 3.04%) might actually be better than Bitcoin as a long-term investment? For… Source link

Ethereum’s native token Ether (ETH) has rebounded 40% against Bitcoin (BTC) after bottoming out locally at 0.049 on June 13. Now, the ETH/BTC pair is at two-month highs and can extend its rally in the coming weeks, according to a classic technical pattern. ETH paints cup and handle pattern Specifically, ETH/BTC has been forming a “cup and handle” on its lower-timeframe charts since July 18.  A cup and handle setup typically appears when the price falls and then rebounds in what appears to be a… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt Companies are doing whatever possible to stay solvent during crypto winter—freezing redemptions, laying off employees, cutting spending, filing for bankruptcy, negotiating buyouts—but those conditions couldn’t prevent markets from warming over the last week. Bitcoin grew 8% over the last seven days to $22,337, as of this writing, but the world’s favorite cryptocurrency was vastly outperformed by Ethereum, which blew up… Source link

It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices.  Evidence for the reversal in sentiment can be found in the Crypto Fear & Greed Index, which has climbed into the fear zone after spending a record time in the extreme fear territory due to collapsing prices in May and June. Crypto Fear & Greed Index. Source:… Source link

The crypto market has extended its bullish momentum despite recent tailwinds, Ethereum continues to lead in this recovery. The second crypto by market cap trades at $1,600 with a 35% profit in the past week. Related Reading | Crypto Market On The Mend: ApeCoin And Curve DAO Show Gains Trading firm QCP Capital shared a market update claiming the current bullish price action has been a “pleasant surprise for all”. This price action started on the back of the latest U.S. Consumer Price… Source link

Altcoins have been collectively rallying over the last couple of days. On the weekly, most of the top alts have managed to pose double-digit return figures. However, one particular alt that had been living under the shadow of the alt king Ethereum, has been stealing the limelight of late. While the likes of Cardano, XRP, Solana, and Dogecoin had their 7-day RoI capped under 20%, the #22nd ranked Ethereum Classic, has climbed up by 77%. The token has managed to pull off a 180-degree flip… Source link

Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum’s native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs. Why is ETC beating ETH? ETC’s price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH’s price has seen a 64% rally in U.S. dollar terms. ETC/USD versus ETH/USD daily price chart. Source: TradingView Ethereum’s rebound has been among the sharpest among… Source link