Ethereum price analysis: Reaching $120 could turn this into a decent bull run

2018-12-19 07:50

Ethereum blockchain recorded 516,697 transactions in the last 24 hours which earned around $31k in fees for the miners. The volume of on-chain transactions was just above $163 million and the volume traded on exchanges was more than $2 billion.

The price moved up by 9.54% and is currently sitting at $102 meaning it broke to resistance levels at $97 and $99. If it maintains this uptrend, it could reach $108. Should that level be broken, next stop is $115.

“If ETH’ is able to make another bull flag at this level, we could start to see another big move up this week. If we reach the second resistance level around 120 within 2 days, than it’s maybe safe to say that we will see much higher prices coming weeks. Because than we could probably make a big inverse H&S as well. But before getting too excited, these patterns need a lot of conviction!!

If this bullish scenario happens, we would even see a big V shape low and could really mean something for the long term as well. The speed of the rally and the volume is extremely important. The target of the bull flag we just broke is around 110. If we are able to reach that, it’s okay to see a decent correction but nothing big though. For now it needs to stay above that red zone. ” Source

Two days ago, Ethereum blockchain had a nice record – 50 million addresses. On Saturday, the Ethereum network saw a daily increase of 168,506 unique crypto wallets, following a steady growing trend this year. With that, the highest historical daily growth of unique Ethereum addresses took place on Jan. 4, 2018, with 352,888 new addresses created on the Ethereum network.

As Cointelegraph explains, while the unique address growth chart indicates the number of existing crypto wallets, there is also an index that shows the number of active crypto addresses, representing the number of unique sending and receiving addresses carrying out transactions on a certain day, according to the daily cryptocurrency data website Coinmetrics.

Referring to data from BitInfoCharts, the number of active Ethereum addresses has been decreasing steadily throughout 2018. Having peaked at around 1.1 million on Jan. 4, 2018, the amount of active Ethereum addresses has dropped below 1 million in mid-January, and has fallen by around 70 percent over the year — to 328,400 addresses recorded yesterday, Dec. 16.

The post Ethereum price analysis: Reaching $120 could turn this into a decent bull run appeared first on CaptainAltcoin.

origin »

Ethereum (ETH) на Currencies.ru

$ 3394.51 (-0.01%)
Объем 24H $25.452b
Изменеия 24h: -0.14 %, 7d: -0.26 %
Cегодня L: $3314.94 - H: $3402.88
Капитализация $408.946b Rank 2
Цена в час новости $ 102.29 (3218.52%)

ethereum price run transactions volume 120 reaching

Источник: captainaltcoin.com

ethereum price → Результатов: 126


Фото:

Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000

The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization.

2024-12-26 14:30


BlockDAG Presale Hits $76.2M Mark—While Ethereum Prices Plummet & Litecoin Defies Odds

The drop in Ethereum’s price points to a market walking on eggshells, with sellers taking the upper hand, challenging critical support levels and raising investor concerns. In contrast, Litecoin shows signs of bouncing back, with its price actions hinting at potential yet with a reserved optimism in the volatile crypto market.

2024-9-27 03:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What is 2020 Preparing for Cryptocurrencies?

Blockchain technology and cryptocurrencies have left us fascinated. Funnily enough, blockchain technology was once touted as a bubble bound to fail surviving the tryst of times. Not only has it survived, but finds its application in several fields of business, including the energy sector, the healthcare sector and tourism.

IOTA Use Cases Rapidly Expanding: Tangle To Solve World’s Waste Problem

The Biota team wants to use IOTA technology to tackle the waste problem. The Tangle will help develop a deposit system that rewards people for collecting plastic waste. IOTA technology for waste separation Decentralised technologies are not necessarily perceived by the public to be the best in terms of energy efficiency and CO2 emissions.

LocalBitcoins Trade Volume Hits Lowest Point Since 2017

At its highest point this year, the platform moved over USD 70,000,000 in one week. Increased personal data required by the platform could influence the decline. Bitcoin (BTC) trades through the LocalBitcoins platform have fallen to their lowest levels since August 2017.

Can The Blazing Fast EOS 2.0 Save Eos, The Token?

The crypto currency EOS is known to many crypto users as the longest ICO of all time. The EOSIO 2.0 update gives you the opportunity to take a closer look at the project and the latest changes. These are of particular interest as they make the network more powerful as well as making dApp developers’ […]The post Can The Blazing Fast EOS 2.0 Save Eos, The Token? appeared first on CaptainAltcoin.