It's been a good day for the crypto market, with Bitcoin, Ethereum, and altcoins posting strong gains. The two leading crypto-assets have gained approximately 8% each over the past 24 hours, which is the best performance in many weeks. Ethereum is expected to move higher as fundamental and technical trends align. One crypto-asset trader pointed to the significance of Ethereum's recent move higher....
Santiment, a blockchain analytics firm, recently shared that Ethereum's NVT is still "bullish" The NVT is the network value to transaction ratio, which is seen as a price-to-earnings ratio for blockchain networks. Data also shows that investors are accumulating ETH en-masse, with coins leaving exchanges at a rapid clip. Ethereum...
Ether is still a much-undervalued cryptocurrency, especially before the launch of ETH2.0. The year 2020 was a good year for the coin that brings "Smart Contracts", a much-needed element in today’s world....
Ethereum has gained a few percent since the lows of last week. The coin currently trades for $380 but peaked earlier today at $385. This price action has been underscored by reports that mass Ethereum accumulation has been taking place. Leading crypto analytics firm Santiment reports that ETH is leaving exchange wallets en-masse, suggesting accumulation and long-term confidence. The firm recently wrote:...
Ethereum has undergone a strong drop from its year-to-date highs at $490. The coin currently trades for $375, around 25% below those highs. At the worst of the correction last month, the coin was down even further. Ethereum remains bullish on a long-term basis as long-term trends favor bulls, analysts say. One trader recently shared a...
Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside...
Ethereum has strongly outperformed Bitcoin over the past few months. The leading altcoin has pushed higher on the back of an influx of buying demand due to trends in the decentralized finance space, along with investors realizing that it was relatively undervalued to BTC. This rally allowed the Ethereum-to-Bitcoin pair to push higher, meaning that each ETH bought users more...
Ethereum has dropped dramatically since the August highs of $490. The coin now trades for $370, around 25% below those highs. While Ethereum is still far below the highs, the coin is printing positive medium-term to long-term signs. One top cryptocurrency trader shared that the asset is breaking above a multi- week triangle/pennant pattern. This breakout suggests there will be a continuation to the...
Ethereum has dropped lower over the past 24 hours after peaking just shy of $400. The cryptocurrency currently trades at $382 and is down a mere 0.5% in the past 24 hours. Despite the drop from the local highs, analysts remain bullish on the asset. One analyst says that he finds it hard "not to be bullish" as $360-370 holds. $360-370 has acted...
Summary: The number of unique Ethereum daily addresses interacting with the ETH network has continued to decline since July The decline has accelerated since mid-September Back in August, Crypto analyst Timothy Peterson had predicted that Ethereum's network activity was in a decline and could lead to ETH losing half its value The number of daily active addresses on the Ethereum network has continued...
The Etheruem price is displaying good growth, the ETH price has gained almost +12.39% in the last 7 days. At the time of writing this article on October 13, 2020, it is sitting at $385.27 (+5.06%). Let’s take a look at it in more detail....
Ethereum has undergone a strong drop since the August highs of $490. The coin currently trades for $380, far below the aforementioned highs. Despite the strong correction, analysts are optimistic that the long-term trend remains bullish. One crypto-asset analyst noted that as long as Ethereum holds the $350 region, it could move towards $700 in the...
Ethereum has dropped around 30% from its recent year-to-date highs after the U.S. dollar underwent a bounce. The leading cryptocurrency currently trades for $370, $120 shy of the $490 highs, but fell as low as $315. Ethereum remains in a positive state on a macro time frame, analysts say. One trader, a leading trader on Binance's futures...
Ethereum fell as low as $315 in September as a strong selloff rattled the markets. Since those lows, ETH has bounced back in notable fashion. The coin currently trades at $369, its highest price in many days as buyers finally step back into the market after an altcoin carnage. Ethereum is leading Bitcoin higher as of this article's writing, outperforming BTC's 1.5% gain...
Ethereum is likely to perform extremely well in 2021, analysts say despite the recent rapid drawdown in ETH's price. The coin currently trades for $350, around 30% below the recent year-to-date highs of $490, set just a few weeks ago. Ethereum's strong move lower was a result of a correction in the Bitcoin market, along with a rapid slowdown in the utility of...
Ethereum has dropped in tandem with Bitcoin over the past few days. The leading cryptocurrency fell as low as $330 while BTC slipped to $10,400. While Ethereum has since recovered from those lows to $345, the coin is expected to resume its move lower. Analysts currently see the cryptocurrency moving towards the $300 region. While this...
Ethereum's price has stagnated over recent weeks. After peaking at $490 last month, the coin has dropped around 30% to $340 as of this article's writing. At the recent lows, ETH was trading as low as $310. Ethereum's hash rate has continued to march higher despite the price of ETH falling. This may be related to the extremely high transaction fees collected by...
Like Bitcoin, Ethereum was pushing higher from last week's lows, at least until the past few hours. In the span of about 30 minutes earlier today, the leading cryptocurrency dropped from $355 or so to $344, marking a small yet notable drop. This weakness and continued inability to surmount the resistances at $365-375 in the near term is sparking fears of a deeper...
Ethereum may be poised to move higher after dropping 30% from last month's highs. Futures data shows that investors are currently bearish on the cryptocurrency, which should lend to a potential short squeeze. Ethereum Could Soon Surge to the Upside: Futures Trend Crucial futures data suggests that Ethereum may soon revert to the upside, not move lower. One crypto-asset analyst recently...
Quick take: DappRadar has released its Q3 DApp Industry Report Ethereum's transaction volume grew by $109 Billion in Q3 when compared to Q2 Ethereum continues to dominate as the blockchain with the most DApp activity The team at DappRadar has released the Q3 Dapp Industry report which analyses the performance of 13 blockchains in the months of July, August and September. According to...
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