Ethereum Price Holds Strong at $1,600: A Strengthening Case for Upside

Ethereum price is slowly moving higher above the $1,620 resistance zone against the US Dollar. ETH must surpass $1,650 and $1,670 to continue higher in the near term. Ethereum is recovering higher from the $1,565 support zone.

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TA: Ethereum Price Breaks Hurdle, Why Bulls Could Aim $1,500 or Higher

Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone. Ethereum is slowly moving higher and trading above the $1,350 level.

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Ethereum Hits $320 as Price Goes Parabolic: What Analysts Think Comes Next

Ethereum is ripping higher after having broken past the pivotal $250 resistance earlier this week. As of this article’s writing, the asset trades for a few dozen basis points shy of $320 — a price almost 30% higher than that of five days ago.

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Ethereum miners' rising fees could be a security concern

Ethereum gas usage and fees both have been climbing higher with each passing day. Though the gas fees are not at an all-time high (seen in 2018), it has increased strikingly since mid-may. The gas feeThe post Ethereum miners' rising fees could be a security concern appeared first on AMBCrypto.

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XRP Is Surging But Not Everyone Is Convinced a Bull Run Is Certain

Following the footsteps of Ethereum, XRP has surged higher over the past 24 hours. The asset has decisively crossed above $0. 20, which has long been a key resistance level for the asset. The asset is now trading for $0.

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Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold Bitcoin, DeFi Still in Vogue

Another week, another round of Crypto Tidbits. At long last, Bitcoin and other large-cap cryptocurrencies are breaking higher. The market leader, for once, has posted a strong move over the past seven days, moving as high as $9,690.

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Ethereum Bull Flag Breakout Could Set Price En Route to $350; Here’s Why

Ethereum broke out of its sideways range on July 21, eventually establishing a quarter-to-date high at $280. 76. The breakout move also confirmed a Bullish Flag pattern, a continuation signal that occurs as a brief pause following a significant price move higher.

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This Simple Pattern Suggests Ethereum Is Preparing For Another Leg Higher

Ethereum is showing positive signs and it traded to a new monthly high at $281 against the US Dollar. ETH price likely to continue higher as long as it is above $260. Ethereum extended its rally above the $270 and $275 resistance levels.

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After 13% Surge, Ethereum Has the “Most Bullish Chart Right Now”: Analyst

It’s been an explosive past 24 hours for the Ethereum market. As covered by NewsBTC, on Wednesday the asset gained approximately 8% in five minutes, surging past the pivotal $250 resistance. ETH now trades at $275 as of this article’s writing, having inched higher after the aforementioned surge.

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Bitcoin’s Break Above $9,500 Could Fuel a Massive Push Higher; Claims Analyst

Bitcoin saw a notable upswing yesterday that allowed it to break through the resistance that it had formed in the mid-$9,000 region This came about shortly after the breakout rally posted by Ethereum, which sent the crypto from the lower-$240 region to highs of $270 It now appears that Bitcoin’s mid-term outlook is significantly brighter as a result of this latest movement One analyst is noting that the benchmark crypto could be well-positioned to rally […]

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Ethereum Just Broke a Multi-Year Accumulation Range; $350 May Be Imminent

Ethereum incurred a strong impulse higher yesterday that allowed it to shatter through the upper boundary of its macro trading range between $230 and $250. This allowed the cryptocurrency to completely alter its technical trajectory, as analysts are now noting that it could be poised to push significantly higher in the days and weeks ahead. […]

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Here’s Why Analysts are Flipping Short on Ethereum After Its Explosive Surge

After a prolonged period of range-bound trading, Ethereum posted a breakout rally yesterday that allowed it to surge up to fresh multi-month highs This rally put a firm end to the crypto’s macro trading range between $230 and $250 It remains unclear as to what caused this movement, but it allowed Bitcoin and other major altcoins to push higher as well Analysts are now growing cautious of what could come next for ETH Despite its […]

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Bitcoin Rips Past $9,600 as Bulls Assert Control: What’s Next for BTC?

Bitcoin has continued to push higher after Wednesday’s rally. The asset trades around $9,650 as of this article’s writing. Bulls expect the asset to continue to gain strength as Ethereum, which leads the crypto market, and other markets like precious metals rally.

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Ethereum at $243 Is “Hilarious,” Says Analyst as ETH2 and Staking Near

Since the start of the year, Ethereum has done rather well. Per data from TradingView, the leading altcoin is trading approximately 80% higher than the price it started 2020 at. Analysts expect ETH to rally further in the months and years ahead as the underlying network’s fundamentals lend to increased demand for the asset. One […]

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Ethereum Rips 8% Higher in Five Minutes as Crypto Bulls Return

In the past five minutes, Ethereum has surged dramatically higher. According to data from TradingView, the asset is up by approximately 8% in the past five minutes, trading at $269 for the first time in months.

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Why Ethereum May Severely Underperform DeFi Tokens During Next Bull Market

Ethereum has seen some positive price action throughout the past day, although it remains highly correlated to that of Bitcoin It also remains caught within its macro trading range between $230 and $250, with its buyers being unable to surmount the upper boundary of this range ETH investors have been speculating that the growth seen within the DeFi sector could be enough to propel the crypto higher That being said, one analyst and fund manager […]

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Ethereum Won’t Outperform DeFi, Much Like Bitcoin Didn’t During Last Bull Cycle

An upward move in bitcoin yesterday was also reflected in some altcoins that went another leg higher. Currently, the hot market trend – DeFi tokens are moving higher. Today, the likes of Augur (19%), AirSwap (7.

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Ethereum Facing Uphill Task Near $240: Key Reasons Why It Could Tumble

Ethereum started a fresh decline from the $245 resistance against the US Dollar. ETH price is currently correcting higher, but upsides are likely to remain capped near $238 and $240. ETH price is facing a strong resistance near $240 and the 100 simple moving average (4-hours) against the US Dollar. The bears are likely to […]

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Bitcoin Tokenized on Ethereum ‘Dominates the Off-Chain Space,’ Pushing ETH’s Fees Higher Than BTC

In 2020 so far, Ethereum made 80% gains, more than 3x the gains recorded by Bitcoin. However, ETH moves compared to bitcoin have been tighter over the years. During 2015-17, the price of ETH appreciated 6% to 8% versus bitcoin when the leading digital asset went up and a 4% to 6% fall on days […]

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Has Ethereum (ETH) Reached a Top?

The Ethereum price has broken down from a rising support line. After briefly validating this line as resistance, the price has resumed its downward momentum. The ETH/BTC pair attempted a breakout above a crucial resistance area, but could not sustain the higher prices and has fallen back below this level.

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Ethereum Price Analysis - Tether and DeFi continue pushing ETH on-chain use higher

Technicals are bullish for the ETH/USD pair based on current trend metrics, as the spot price is currently above both the 200-day EMA and the daily Cloud. Over the next few months, a target of US$285 to US$300 is likely based on VPVR, yearly pivots, and a newly established bullish pitchfork.

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Explosive Defi, Stablecoin Activity Send Ethereum Fees Above Bitcoin

The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month. Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.

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Crypto market analysis: Bitcoin, Ethereum and Bitcoin SV

Most of the top cryptocurrencies are trading with low highs and higher lows as...

The post Crypto market analysis: Bitcoin, Ethereum and Bitcoin SV appeared first on Coin Journal.

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Fund Manager Explains Why Ethereum Rivals Will Significantly Outperform ETH

Ethereum has been the leading smart contract blockchain for years now. The blockchain’s native cryptocurrency, ETH, has a native market capitalization in excess of $25 billion. $25 billion is an order of magnitude higher than the market capitalization of Cardano’s ADA, $2.

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Ethereum (ETH) Price Likely to Rip Up Once It Breaks Above $306: Trader Josh Rager

Top cryptocurrency trader and analyst Josh Rager has tweeted his take on the prospects of the ETH price, saying that it needs to break above $306 in order to surge higher

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Total Fees Paid On Ethereum Tops Bitcoin’s For 30 Days Straight. What This Means

Ethereum has consistently maintained higher total fees paid on the network than on the Bitcoin network for 30 days in a row, data from Glassnode shows. The fee volume has been above that of Bitcoin roughly since the 6th of June and experienced a sharp increase within the month to nearly $4 million before declining […]

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Ethereum Lacking Momentum, But Here’s Why 100 SMA Could Spark Fresh Rally

Ethereum is struggling to clear the $230 resistance level against the US Dollar. ETH price is showing positive signs and it seems like a close above the 100 SMA (H4) could trigger a fresh rally. ETH price is slowly moving higher towards the $230 resistance against the US Dollar. A close above the 100 simple […]

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Ethereum Holds Strong at $225: A Strengthening Case for Upside

Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240. Ethereum is following a bullish path and it recently spiked above the $230 resistance level.

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Ethereum's higher TX fees not a bullish flex

On 22 June, Eric Conner, a popular Ethereum Proponent, tweeted the following and revealed to his thousands-strong followers, "For 16 straight days, Ethereum users have paid more to use the network thThe post Ethereum's higher TX fees not a bullish flex appeared first on AMBCrypto.

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A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App

Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks. The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1. 65 billion, 65% higher than this metric was just 12 days ago.

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Ethereum’s Strength Degrades Following Rejection at $250; What Comes Next

Ethereum has flashed signs of technical weakness overnight following a harsh rejection at $250 This level marked its high-time-frame resistance, and its inability to break above it seems to elucidate underlying weakness amongst its buyers Analysts are noting that it could be poised to continue pushing higher despite this latest setback There is one crucial level that it is trading just a hair above that could invalidate this potential rebound Ethereum has flashed signs of […]

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The Probability of Ethereum Seeing a Parabolic Rise in 2020 is 7%; Factors to Consider

Ethereum has been moving in close tandem with Bitcoin throughout the past several days and weeks, struggling to garner any independent momentum as it ranges This sideways trading has done little to bolster the cryptocurrency’s bull case That being said, analysts have been pointing to its fundamental strength as a reason why it may soon explode higher Data seems to suggest that the crypto only has a 7% chance of seeing any type of intense […]

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An Analyst Thinks Ethereum Visits $300 But Not Everyone Is Convinced

While analysts are indecisive on what comes next for Bitcoin, there’s been a growing sentiment that Ethereum is poised to erupt higher. This is largely due to growth in decentralized finance, which some say will be a catalyst for ETH’s growth.

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Why This Respected Fund Manager Sees DeFi Thrusting Ethereum 4000% Higher To A Trillion-Dollar Market Cap

Some investors are still wary of a March-like market correction. With crypto markets, you can never predict, of course. For instance, who could have foreseen such a massive crash in mid-March, and who could have also seen the swift recovery from the painful lows? Ethereum has recovered over 120% from the lows of March. However, […]

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Ethereum Could Soon “Rally Hard” as DeFi Hits Escape Velocity: Fund Manager

The past few days and weeks have seen Ethereum’s decentralized finance ecosystem erupt higher. As Camila Russo, a former Bloomberg journalist turned Ethereum publicist, accentuated this when she noted on June 19th that the past week has seen the value of tokens locked in DeFi applications surge by 40% to $1.4 billion. Some are skeptical […]

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Ethereum is Coiling Up to Make a Big Movement; Here’s Why it May Favor Bears

Ethereum, like Bitcoin, has been caught within a long-held bout of sideways trading over the past week This consolidation has made it increasingly unclear as to which direction it will trend next It has largely come about as a result of the lackluster price action seen by Bitcoin in recent times Analysts do believe that ETH could be poised to see some notable downside if it is unable to push higher in the days and […]

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Ethereum Records $500,000+ in Single-Day Network Fees, Overtaking Bitcoin

Ethereum has recorded higher daily total network fees than Bitcoin for two consecutive days. The rare event indicates increased activity and growing adoption for the network. On June 6, Ethereum’s daily total network fees topped that of Bitcoin.

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Can Ethereum finally make it above $260?

The second-largest cryptocurrency, Ethereum has been pushing for higher gains. The accumulation pattern has been strong throughout the month which indicated that investors were anticipating a price suThe post Can Ethereum finally make it above $260? appeared first on AMBCrypto.

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Ethereum Options Open Interest Surges to $140 Mln While BTC OI Holds Over $1 Bln on Deribit

According to Skew data, open interest on Ethereum options on the Deribit exchange has hit a new high, while Bitcoin options OI remains higher than $1 bln

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Ethereum Just Saw Key Technical Breakout: Break Above $250 Seems Likely

Ethereum is trading in a strong uptrend above the $230 pivot zone against the US Dollar. ETH price is likely to continue higher above the $245 and $250 resistance levels. Ethereum started a downside correction from the $250 resistance zone.

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Bitcoin Could Surge Past $10,000 as Ethereum “Hammers” Higher: Top Analyst

Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows. Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum.

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MakerDAO’s MKR crypto rips 40% higher on news of coveted Coinbase listing

The past few months have seen Coinbase throw millions of dollars at supporting the budding decentralized finance (DeFi) ecosystem based on Ethereum.  As reported by CryptoSlate in December, a product manager at the company, Jacob Horne said: “DeFi, or decentralized finance, is an essential part of an open financial system.

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Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally

Ethereum has been severely underperforming Bitcoin in recent times, but this appears to be shifting as the cryptocurrency posts a breakout rally while BTC declines This uptrend has come about as long positions for the cryptocurrency rocket higher, reaching a fresh all-time high this week In tandem with this, ETH’s funding rate has also grown massively – which is typically a grave sign that a torrent of liquidations is imminent Ethereum has been able to […]

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Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher

After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this time, it’s ETH. The second-largest cryptocurrency and largest altcoin is up 7% in the past 24 hours.

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Ethereum Rallies Above $220 And Likely To Continue Higher To $240

Ethereum is up more than 8% and it broke the key $215 resistance zone against the US Dollar. ETH price is trading nicely above $220 and it could continue to rise above $230. Ethereum is showing a lot of positive signs and it rallied above $215 and $220. The price is likely to continue higher...

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Here’s the Path Forward for Ethereum to Set Fresh Yearly Highs

Ethereum has been pushing higher throughout the past day alongside Bitcoin and most other major altcoins. This climb has come about after an extended period of sideways trading within the lower-$200 region.

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Ethereum’s Macro Technical Structure Signals It Could Rally to $750 in Months Ahead

Ethereum’s immense weakness in recent times may not last for too much longer, as one technical structure suggests the cryptocurrency could be poised to rally higher One analyst is even noting that the crypto could surge up to highs of $750 if this structure plays out This comes as data shows that investors on cryptocurrency exchange platform Bitfinex may have been heavily accumulating ETH throughout the past several months Ethereum’s immense weakness seen throughout the […]

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Is Ethereum Becoming a Fee Market?

The average transaction fee on Ethereum has increased by over 160%. Miners are enjoying higher revenue at the expense of users, but this could change in the near future. Transacting... The post Is Ethereum Becoming a Fee Market? appeared first on Crypto Briefing.

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A Shake-Up in DeFi Sees Wrapped Bitcoin (WBTC) Growing Faster Than Lightning Network

Ethereum network has minted 1,000 Wrapped Bitcoin (WBTC) on May 12th via a single transaction, dwarfing the entire amount of Bitcoin locked in the Lightning Network (LN). This recent transaction brought the total number of Bitcoin locked in WBTC to 2,300, which is significantly higher than the 923 Bitcoin currently locked in the Lightning network. […]

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