Tag: ethereum price analysis

Apr 08 2021

Ethereum price holds key technical pattern support for gains beyond $2,000

Apr 08 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum bulls defend ascending channel's middle boundary support on the daily chart. Price action past $2,000 may trigger massive buy orders as $2,500 beckons. The MACD shows that the uptrend is not...

Mar 30 2021

Ethereum Price Analysis: ETH V-shaped recovery seems unsustainable amid looming correction

Mar 30 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum recovered extensively but failed to clear the resistance at $1,840. A correction from the V-shaped recovery would seek support at $1,700 and $1,550, respectively. Ethereum shot up on Monday, extending the recovery staged from the anchor at $1,550. The rally was supported by news that...

Mar 25 2021

Ethereum Price Analysis: ETH plunges toward 1,400 as crypto market generally bleeds

Mar 25 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum hit a wall slightly above $1,700, opening Pandora’s box for losses under $1,600. The least resistance path is downwards based on the MACD. Ethereum abandoned the...

Mar 19 2021

Ethereum Reserves on Crypto Exchanges Hit a 2 Year Low

Summary: Ethereum reserves on crypto exchanges have hit a 2 year low Ethereum continues to be locked in DeFi and the ETH 2.0 deposit contract NFT marketplaces are also pushing up the demand of ETH outside crypto exchanges The institutional accumulation of ETH is evident with Grayscale adding 47,895 Ethereum in the last 30 days Ethereum balances on crypto exchanges continue to decrease...

Mar 16 2021

Ethereum’s High Daily Active Addresses Point Towards a Retest of $2k

Summary: The Ethereum network has seen a rise in daily active addresses Such an increment in network activity points towards Ethereum retesting $2k Ethereum balances on crypto exchanges continue to decrease Ethereum is probably being diverted to DeFi, NFTs, Cold Storage and ETH 2.0 Staking Only a weak Bitcoin will delay Ethereum from retesting $2k The Ethereum network has seen an uptick in...

Mar 13 2021

Ethereum 2.0 Deposits Hit an All-time High of $6.568 Billion

In summary: Ethereum 2.0 deposit contract now holds 3.493 Million ETH worth roughly $6.568 Billion The value of these deposits will continue to increase as Ethereum charts a course above $2k The Ethereum community is ready to transition into a Proof-of-Stake algorithm The amount of Ethereum deposited to the ETH 2.0 contract has hit a new all-time high of 3.493 million ETH. This...

Mar 09 2021

Ethereum Price Forecast: ETH Technical Breakout Sets The Pace For Upswing Beyond $2,000

Ethereum prints a cup and handle pattern on the 4-hour chart, paving the way for an upswing above $2,000. Ether is in the hands of the bulls, as cemented by the MACD indicator. Ethereum...

Mar 07 2021

Ethereum’s EIP-1559 & Stimulus Checks Could Send ETH Back Above $2k

Quick take: Ethereum's EIP-1559 is scheduled for implementation this July during the London hardfork EIP-1559 includes the implementation of a BASEFEE that will be burnt with each transaction Burning of the BASEFEE makes Ethereum a deflationary asset EIP-1559 coupled with incoming $1,400 stimulus checks, could send Ethereum back above $2k Ethereum's EIP-1559 is scheduled for implementation this July alongside the London hard fork....

Mar 04 2021

Ethereum’s Top 10 Non-Exchange Whales Accumulate 1.03M ETH in One Day

Summary: Ethereum's top 10 non-exchange whales accumulated 1.03 million ETH in a single day This is the highest one-day accumulation in 6 weeks The Ethereum whales now own a combined 16.86 million ETH Ethereum's price is currently being affected by uncertain global markets On the 1st of March, Ethereum's top 10 non-exchange whale addresses accumulated 1.03 million ETH in a 24 hour period....

Ethereum Price Analysis: ETH faces another bull trap as massive breakdown looms

Mar 04 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum cuts short the uptrend to $2,000 on account of a double-top pattern. The 200 SMA significantly contributed to the ongoing overhead pressure. Ether will avoid losses to $1,440 if the 50 SMA support...

Mar 03 2021

Ethereum Price Analysis: ETH battles immediate resistance, and bulls look toward $2,000

Mar 03 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum is on the verge of a breakout, but first, it must break the 50-day resistance. A step beyond the ascending channel’s middle boundary will open the door for gains aiming for $2,000. Ethereum managed to sustain the uptrend above $1,400, avoiding the drop to $1,200. Recovery, although gradual, seems to be coming into the picture toward the end of the Asian...

Feb 28 2021

Ethereum Price Analysis: ETH Fails To Hold Support of $1550 As Crypto Market Struggles to Revive

Feb 28 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

ETH retraces -33% from highs of $2040 ETH fails to hold support of $1550 Price is currently holding 3 month trend Ethereum , the second largest cryptocurrency has...

Feb 21 2021

14.7% of Ethereum’s Circulating Supply has Been Dormant for 2 – 3 Yrs

In brief: Ethereum's supply last active 2 - 3 years ago has hit 16.884 million ETH This amount is a 9-month high for Ethereum and 14.7% of its circulating supply Ethereum recently broke the $2k price ceiling and set a new all-time high of $,2,042 - Binance rate The weekly close is a few hours away and Ethereum will be battling to retain...

Feb 19 2021

Ethereum Price Forecast: ETH rocks towards the gigantic $2,000 milestone

Feb 19 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum holds above $1,900 while bulls keep their eyes on $2,000. The least resistance path is upwards, as reinforced by the MACD on the 4-hour chart. Ethereum’s uptrend to $2,000 will be invalidated if...

Feb 18 2021

Ethereum’s Value Has Increased by a Factor of 22.3x Since March 2020

In brief: Ethereum dropped to as low as $86 during the Coronavirus crash of March 2020 Ethereum has since posted a new all-time high of $1,919 - Binance rate - less than a year later This signifies a 22.3x increment in value or 2,130% in profits $2k is not that far away for Ethereum as ETH accumulation continues by whales Ethereum investors who...

Ethereum Price Prediction: ETH Hits New Records Highs Drawing Closer to $2,000

Feb 18 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum cranks up the engines aiming for the uphill roll to $2,000. Trading about $2,000 will trigger buying orders as FOMO grips investors. Failure to hold above the 50 SMA on the 4-hour chart could...

Feb 17 2021

CME Ethereum Futures Daily Trade Volume Hits $75.8M, OI Rises to $62M

In brief: The daily trade volume of the CME Ethereum futures hits $75.8M 9 days after launch Open interest on the CME Ethereum futures has hit $62M These numbers point towards institutional demand for Ethereum trading products Grayscale has accumulated 194,522 ETH in the last 30 days further confirming institutional demand It has been roughly nine days since the CME Ethereum futures were...

Feb 16 2021

Ethereum Price Forecast: ETH poised for the ultimate upswing to $2,000

Feb 16 2021 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum resumes the uptrend focusing on the coveted $2,000 price level. The MACD on the 4-hour chart is likely to validate the upswing. Robust support has been established by the IOMAP, adding credence...

Feb 13 2021

Gene Simmons Reveals He Bought $300k of Ethereum (ETH) in Oct. 2020

In brief: Gene Simmons has revealed he bought $300k worth of Ethereum 4 months ago Mr. Simmons bought his bags of Ethereum on the Gemini exchange with the help of Tyler and Cameron Winkelvoss Gene Simmons probably bought Ethereum when it was below $400 His bags are possibly now worth 4.58x more, which is around $1.376 million Gene Simmons has just revealed to...

Feb 12 2021

Grayscale Adds ETH Worth $93M in 24 hrs, the Highest Inflow in 2021

In brief: Grayscale has added $93 Million worth of Ethereum to its ETH trust in 24 hours This translates to 52,730 ETH purchased in one day This is the highest daily inflow since the year began and since Grayscale opened subscriptions to its Ethereum trust Ethereum is struggling to turn $1,800 into support and could be a sign of weakness Grayscale Investments has...

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