Signs during trading in today’s Asian session indicate that the correction could be over already. Ethereum is leading the charge once again, can it reach $300 this time around?
Crypto markets appear to be recovering today though bitcoin has hardly moved on the day, remaining at around $9,800.
Total crypto market capitalization has moved however, to the tune of $14 billion signaling another altcoin resurgence.
Ethereum On The Charge
According to the Tradingview.com charts, Ethereum hit a low of just below $245 yesterday which was down around 15% from its 2020 peak.
Today, prices are back in bullish territory with a return to resistance at $270 over the past few hours trading. This equates to a solid 10% gain over the past 24 hours.
ETH prices 1 hour chart – Tradingview.com
The pullback was not enough to reach the 50 day moving average indicating that the uptrend is still very strong. ETH is currently at the support/resistance level it hit four times between May and July 2019 and $300 is the next target above here.
A break to the low side would see the world’s second most popular digital asset fall back to support around the $240 area.
ETH Fundamentals
The conclusion of the ETHDenver event has been bullish for the asset with plenty of developments on the dApp and protocol side. Additionally co-founder Vitalik Buterin remained confident that the initial phases of Serenity will see the light sometime this year.
Every week brings innovative client optimizations, larger testnets, and an ever growing community of informed stakers all eager for Beacon Chain to get underway.
There has been a fair bit of DeFi FUD recently, most of which has come from Charlie Lee and bitcoin maxis. This can be seen as a testament to how rapidly the ecosystem has grown since a year ago nobody really paid much attention to it.
Following recent smart contract suspensions on bZx to prevent the exploitation of flash loans, the total level locked in USD in DeFi is back up again. It is currently at $1.15 billion according to defipulse.com.
Ethereum based blockchain games are also growing in popularity with one recently selling over $200,000 worth of virtual land. The Sandbox (TSB) has just announced that the second presale worth 800 ETH sold out in four hours. This highlights the demand for Ethereum for non-fungible tokens is also growing.
Overall Ethereum is up over 100% since the beginning of the year and it still has a very long way to go.
Will ETH prices hit $300 this week? Add your comments and predictions below.
Image from Shutterstock origin »
Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened.
Ethereum traded above $2,000 for the first time since May 2022 after the successful Shappella upgrade. According to CryptoSlate’s data, ETH rose more than 6% in the last 24 hours to trade as high as $2,007.
Ethereum [ETH], the largest altcoin remains hyped due to the upcoming upgrades in September. Despite that, traders have had a hard time trusting ETH with their life savings as falling funding rates coThe post Ethereum may drop to $1k for the first time in two months if... appeared first on AMBCrypto.
Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U. S. stocks for the first time in February.
Журнал TIME добавит криптовалюту Ethereum на свой баланс в рамках соглашения с инвестиционной компанией Galaxy Digital по распространению среди читателей знаний о метавселенных. Согласно анонсу, в числе прочего редакция подготовит список TIME 100 Companies Metaverse, в который войдут «предприниматели, создающие виртуальное будущее с высокой вовлеченностью».
Журнал TIME добавит криптовалюту Ethereum на свой баланс в рамках соглашения с инвестиционной компанией Galaxy Digital по распространению среди читателей знаний о метавселенных. Согласно анонсу, в числе прочего редакция подготовит список TIME 100 Companies Metaverse, в который войдут «предприниматели, создающие виртуальное будущее с высокой вовлеченностью».
The 7 September flash crash came at an unfortunate time, just as Ethereum was challenging the $4k price ceiling. At the time of writing, the king altcoin had closed in the red for three days running.
The overall activity of addresses (or wallets) on the Ethereum (ETH) blockchain has exceeded that of Bitcoin’s on Monday—for the first time in the history of digital assets, according to crypto metrics firm Santiment.
While Bitcoin (BTC) saw a crazy week in and of itself, gaining 10%, Ethereum outpaced the market leader. The second-largest cryptocurrency by market capitalization gained 20% over the past seven days, pushing to $175 for the first time in weeks.
The world’s second largest cryptocurrency has been enduring a tough time in October. After exhibiting strong bullish fundamentals in September and recording a growth of over 30 percent, the asset was back under a bearish stronghold and was dwelling under the $200 range, at press time The steep declined on 24 September stripped off its […]
The post Ethereum sees double ascending channel formation as price nears another fall appeared first on AMBCrypto.
In the bear market, many already large Ethereum (ETH) addresses have increased their holdings by over 80 percent this year. Analysts believe that this increase was financed by the sale of ICO tokens.
Ethereum fell another 7% today to a recent low of $297 as its ratio against bitcoin drops below the 0.05 support line to 0.047 at the time of writing. Its...
The post Ethereum Falls Below $300 For the First Time in a Year appeared first on Trustnodes.
Once again, in continuing our analysis of the Finder report, during which ten blockchain experts have made predictions for closing prices of a number of cryptocurrencies on the 31st of December 2018, based on predictions relating to the performance of the respective currencies between now and the end of the year.
In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
Jonas Schnelli speaks about his work as a Bitcoin Core Developer, making Bitcoin more user-friendly, Bitcoin software development as an open source project, dealing with disagreements and criticism, Bitcoin Cash, Ethereum, hard forks, Bitcoin maximalism, time horizons for cryptocurrencies, why the slow progress of Bitcoin can be a good thing, why making Bitcoin more user
Ethereum is witnessing a bit of a hefty decline at the moment. This is of course mostly down to the negative market trend that has flooded the markets, however, recent news about a hack does seem to have had a secondary impact on the value of the currency.
With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP).
According to Chinese internet security firm Qihoo 360 Netlab, hackers have stolen $20 million in ether from poorly configured Ethereum mining rigs and third-party applications. Experts at the firm say the cyber-attacks target unsecured Ethereum nodes on the Internet.
Well, we didn’t see this coming. Coinbase have announced their next listing, stunningly in the form of Ethereum Classic. As it stands, Coinbase only list Bitcoin, Bitcoin Cash, Litecoin and Ethereum, making Ethereum Classic the fifth to be added to the growing Coinbase portfolio.
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens.
Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches.
With the creation of Bitcoin and its blockchain, Satoshi Nakamoto introduced an entirely new practical application for cryptography, unearthing an unexplored area for computer science and technological development.
Venmo could be the ultimate cryptocurrency experience from a user-experience perspective. Any cryptocurrency that seeks to power the future of global transactions must ensure that it is supported by a payment system that is simple, user-friendly and free — like Venmo.
Sandbox’s SAND has broken out of a multi-year lull amid the protocol’s ecosystem developments and renewed interest from whales. Sandbox (SAND) rose over 40% to hit a 28-month high of $1.06 on Thursday, Dec. 5, bringing its market cap to…
Animoca Brands, the developer behind The Sandbox, has recently withdrawn $20 million worth of $SAND tokens from Binance, amounting to approximately $4. 95 million. This transaction occurred in two separate batches, with the first withdrawal taking place around 17 hours ago.
The IOTA Foundation, in collaboration with its partners, has developed a Web3 Identification Solution that has been chosen for inclusion in the European Blockchain Sandbox. Per a June 13 blog post, The IOTA Foundation, in partnership with wait.id, IDnow, Bloom…
Crypto venture capital firm Animoca Brands said it plans to buy more EDU tokens from the open market, propelling Open Campus’ native token by over 30%. Animoca Brands, the crypto venture firm behind The Sandbox, Eden Games, and other blockchain…
Cardholders of the hi Debit Mastercard, a partnership between crypto payments application hi and Mastercard, can now spend Metaverse platform Sandbox’s SAND token as a currency in eligible markets.
Daniel Maeda with Brazil's CVM said during Rio Innovation Week the regulator plans to explore a regulatory sandbox for use cases of tokenization potentially starting in 2024.
In a week filled with positive developments, the metaverse market has witnessed a surge in value, with various metaverse tokens experiencing notable gains ranging from a solid 2% to an astounding 28%.