Ethereum price continued to fall this morning after a weekend slide saw all of last week’s gains wiped out. The number two cryptocurrency even briefly dipped below $200, before recovering to around $205 at time of writing.
Latest Losses Crush Year-to-Date Progress
It could be said that Ethereum and its ETH token had been having somewhat stellar year. After starting the year at a lowly $130, Ether more than doubled in value to reach over $280 by mid-February. In the process, it outperformed bitcoin, which was itself enjoying notable gains in early-2020.
ETH hasn’t been immune to market-wide crashes, however. It couldn’t escape the bearish sentiment as BTC fell back below $9k during the last week of February, shedding $50 as it dropped to $220. And despite coming into the weekend outperforming the market, it was dragged down along with the majority of the crypto-space as markets crashed on Sunday.
The biggest question now is whether the bulls have regained control of the market, or whether the shockwaves from the oil price crash and subsequent stock market losses will continue to impact cryptocurrency.
Ethereum Still Waiting For ETH2.0
Ethereum has gained its fair share of headlines this year, as a maintained rollout of technical and other improvements has given renewed optimism for the launch of ETH2.0. ETH2.0 will be a major upgrade to the network, adding several new features and transitioning to a Proof of Stake (PoS) consensus.
The Ethereum network is also receiving a lot of attention due to its importance for the burgeoning Decentralized Finance (DeFi) industry. Despite some publicised hiccups, such as when somebody exploited a flaw in a flash loans protocol, many believe that DeFi is the killer application that Ethereum has been crying out for.
The community was also divided over the recent approval of a mining algorithm change to programmatic Proof of Work (ProgPoW). The change was intended to reduce the advantage of ASIC mining rigs, favouring those using GPUs and leading to further decentralization.
However, it’s rapid approval by core developers ironically led to calls of centralised control from some sections of the community.
Do you think Ethereum can recover from today’s extended bear market? Add your thoughts below!
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Ethereum showed strong support above $2,600, with a possible rally to $3,200 or $4,000.
Growing institutional interest and active network usage signaled potential upward price movement.
EtheThe post Ethereum: Assessing odds of ETH reaching $3,200 soon appeared first on AMBCrypto.
Ethereum (ETH) has had a turbulent week, with the price dipping to tag the critical $3,000 support level before recovering to current levels around $3,200. This sharp drop sparked fear among investors, as doubts about Ethereum’s performance for this cycle intensified.
Ethereum price is attempting a recovery wave above the $3,125 zone. ETH must clear the $3,200 resistance to continue higher in the near term. Ethereum extended losses and tested the $3,075 support zone.
Ethereum price jumped above the $2,100 level and cleared $2,200. ETH is gaining pace and might surge further above the $2,220 level. Ethereum is showing a lot of positive signs and recently cleared the $2,200 resistance.
Ethereum price remained well-bid above the $2,020 level. ETH is now rising, and the bulls seem to be aiming for a move toward the $2,200 level. Ethereum is making a fresh attempt to clear the $2,100 and $2,120 resistance levels.
Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level. Ethereum gained bearish momentum below the $1,350 and $1,320 support levels.
Ethereum declined sharply from the $1,500 resistance zone against the US Dollar. ETH is down over 10% and there could be more losses towards the $1,200 support. Ethereum started a fresh decline after it failed to clear the $1,500 resistance zone.
Ethereum failed to clear the $3,200 resistance against the US Dollar. ETH price is declining and might retest the $2,960 support zone in the near term. Ethereum is struggling to clear the $3,190 and $3,200 resistance levels.
Ethereum is trading in a bullish zone above $4,200 against the US Dollar. ETH could start another increase if it clears $4,350 and $4,400 in the near term. Ethereum is holding gains above the $4,100 and $4,200 support levels.
Ethereum started a fresh rally above the $4,200 resistance against the US Dollar. ETH broke the $4,350 level and it could continue to rise in the near term. Ethereum started a fresh increase above the $4,200 and $4,300 resistance levels.
Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200. Ethereum is trading in a positive zone above the $2,100 and $2,080 support levels.
Ethereum is following a short term declining pattern from the $198 resistance against the US Dollar. ETH could spike towards the $188 or $185 support before it rallies above $200. Ethereum is slowly moving lower after it failed to surpass the $198 and $200 resistance levels.
Ethereum is still struggling to clear the main $200 resistance against the US Dollar. ETH could start a short term downside correction if it continues to struggle near $200. Ethereum is currently trading in a range below the $200 and $202 resistance levels.
Ethereum is in the process of surmounting the key $200 resistance level as its bullishness grows The cryptocurrency’s rebound from its March lows has been intense, although analysts are noting that a strong pullback could be in the cards This comes as traders note that they anticipate ETH to underperform Bitcoin in the days and weeks ahead Ethereum is now in the process of rallying up to $200, marking a significant extension of the momentum […]
Ethereum price gained more than 10% and broke the key $200 resistance against the US Dollar. ETH even surpassed $220 today and it is likely to continue higher. Ethereum is trading in a strong uptrend above the $200 and $208 levels against the US Dollar.
Monday morning usually begins with tales of woe for ethereum and its altcoin brethren but things are looking a little brighter today. ETH has had a solid weekend with momentum building while its big brother has remained consolidating.
Ethereum has seen a rather sluggish 30-day period of trading after the cryptocurrency only managed to move by a…
The post Ethereum Price Wakes Up Amid Bitcoin Surge, $200 Possible? appeared first on Invest In Blockchain.
Ethereum (ETH) has been moving out from its lowest point in more than a year and the digital asset is trying to reach $200. At the moment, there are several experts predicting Bitcoin (BTC) to surpass $4,200.
Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U. S. dollar. Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels.
По мнению генерального директора криптобиржи BitMEX Артура Хейза (Arthur Hayes), криптовалютный рынок сохраняет гигантский потенциал для нового рывка. Например, цифровая валюта Ethereum может в скором времени вновь пробить рекордную отметку в 200 долларов, заявил бизнесмен в интервью порталу CoinTelegraph.
FOMO Moments A new market low is imminent; Ethereum is in a world of pain. The weekend selloff has continued unabated and markets are dangerously close to another new low for 2018. Dropping below $200 billion again markets are in a bad way as nearly all cryptocurrencies are deep in the red this Sunday morning.
В ночь на воскресенье, 9 сентября, цена второй по капитализации криптовалюты Ethereum опустилась ниже $200, вернувшись к уровням, на которых она последний раз находилась в июле 2017 года. За последние сутки ETH потерял в цене более 12%, а за неделю — более 35%, что является наихудшим показателем среди Top-50 активов CoinMarketCap. Рыночная капитализация этой криптовалюты […]
Key Highlights ETH price is under heavy selling pressure as it recently broke the $200 support against the US Dollar. There is a major bearish trend line formed with resistance at $205 on the 4-hours chart of ETH/USD (data feed via Kraken).
Crypto Market Sees Violent Move To The Downside, BTC Falls 4% After days of sideways price action, on Saturday, traders awoke to a horrific sight, with the cryptocurrency market continuing lower due to a fresh bout of sell-side pressure across the board.
The Ethereum bearish market hasn’t come to an end yet. The month of September has been particularly hard on the cryptocurrency as it quickly lost the $300 handle earlier this month, and is already threatening to consistently dive below the $200 area.
Количество медвежьих позиций по Ethereum (ETH) на бирже Bitfinex обновило исторический максимум. На момент написания материала количество коротких ордеров в паре ETH/USD составляет около 200 000.
Число медвежьих позиций по Ethereum (ETH) на бирже Bitfinex обновило исторический максимум. На момент написания материала количество коротких ордеров в паре ETH/USD составляет около 200 000. Вчера этот показатель достигал 211 000, что является самым высоким значением за все время.
It has been one touch week for all crypto-enthusiasts. Especially for those trading for a near term gain as in just two days the whole market capitalization plunged from $239 bln to barely just above $200 bln.
ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $260, $280 Support Levels: $220, $200, $180 Yesterday, September 6, the price of Ethereum was in a bearish trend. The ETH price fell to its previous low of $211.
Аргентинский стартап Ripio объявил о полноценном запуске платформы p2p-кредитования, в основе которой лежат смарт-контракты Ethereum. Услуга стала доступна обладателям более 200 тысяч криптовалютных кошельков компании в Аргентине, Мексике и Бразилии, сообщает CoinDesk.
Key Highlights ETH price declined heavily and broke the $260, $250 and $240 support levels against the US Dollar. This week’s followed crucial bearish trend line played well with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken).
The crypto markets have once again declined in a matter of 2 hours that looked more or less like a split second. Observing the Bitcoin (BTC) charts, we find that the King of Crypto dropped from familiar levels of $7,380 to $7,200 in a brief 30 minute period only to continue dropping for another one […]
The post Stellar (XLM) Most Stable In The Markets with New Milestone of Over 1 Million Active Accounts appeared first on Ethereum World News.
Ethereum (ETH) remains range bound as ETH/USD fails to break the 21 EMA resistance on the daily time frame. The price started trading between $324 and $250 since August and has yet to break out.
The cryptocurrency markets find themselves in a rather interesting position as of right now. Bitcoin is close to$7,200 and Ethereum is bound to surpass $300 sooner or later. Even so, it is the Bitcoin Cash price which has more people excited, primarily thanks to its strong 24-hour gains. Bitcoin Cash Price Increases Rapidly It is […]
After days of holding steady between $6,400 and $6,700, Bitcoin is finally making a run for the $7,000 price level. The top-ranked cryptocurrency headlines a substantial price recovery that has the total market capitalization climb to $225 billion.
If Ethereum is fast, then Tron can be 200 times faster. This is what Justin Sun said on August 17 in a video statement in which he talked about Tron’s vision for the future and the upcoming plans of the Foundation.
Bitcoin (BTC)–After one of the hardest hitting weeks to the crypto markets in an otherwise bearish year, the top ten currencies by market capitalization appear to be in recovery. On Monday, the total market capilization of cryptocurrency dipped below $200 billion for the first time since last year, signaling a relative low from January 2018’s […]
The post Top 10 Cryptocurrencies See Green After a Tumultuous Week appeared first on Ethereum World News.
The crypto-markets have regained some much needed volumes with the total crypto-market capitalization going back to levels above $200 Billion and currently at $205 Billion. Bitcoin’s (BTC) dominance is still much above half this value and at 53.
It has been a rough 24 hours for all coins in the crypto-markets. The King of Crypto, also known as Bitcoin (BTC), has dropped in value by 5% and is currently trading at $6,059. Its dominance has increased to 54.
Прошедшая неделя прошла под диктовку медведей. Капитализация крипторынка опустилась ниже отметки $200 млрд. и на момент написания статьи (14. 08) составляет $192 млрд. При этом данное значение становится минимальным для 2018 года.
FOMO Moments This biggest one day dump this year, Ethereum, XRP, Bitcoin Cash, EOS and Cardano dropping double digits The crypto winter is getting colder as markets tanked yet again over night to a new 2018 low.
The cryptocurrency market continues to fever. To the disappointment of crypto traiders, the rates of the main cryptocurrencies show a bearish trend, while the capitalization of the whole market fell below $200 billion.
It has come to the conclusion of many crypto-traders that sometimes technical analysis does not work when dealing with the crypto markets. All the technical stuff gets thrown out the window because the market sometimes operates on news and FUD.
За последнюю неделю капитализация рынка снизилась с $257 млрд. (6 августа) до $216 млрд. (13 августа). При этом капитализация оказалась в шаге от спуска ниже $200 млрд. В субботу, 11 августа, показатель капитализации зафиксировался на минимальной отметке в $206 млрд. Рассматривая дан...
TRON’s TRX Available The 12th largest digital coin by market capitalization – TRON (TRX) is listed under available payment options at any Bitcoin Superstore. Going by the people’s vote TRON‘s TRX was chosen to be included as a way to pay in 200,000 stores by Bitcoin Superstore.
The crypto-markets have continued to decline into the weekend due to the delay of the Bitcoin ETF by the SEC. The total market capitalization is threatening on getting to levels below $200 Billion.
As reported by Ethereum World News on Wednesday, Bitcoin fell to a near-monthly low at $6,200 as the market reacted to the SEC announcement regarding the VanEck-backed ETF. Despite the fact that the state of the market looked dismal, with altcoins bleeding out en-masse and selling pressure ramping up, for now, Bitcoin has staved off […]
The post Bitcoin Fends Off Further Decline, But An Analyst Says Its “Game Over” appeared first on Ethereum World News.
As staking grows in popularity through liquid staking derivatives, there is a need to better quantify staking returns for different platforms and how they change over time, says Marcin Kazmierczak, co-founder and coo, RedStone.
