Ethereum Surges 10% Higher As DeFi Rally Continues, ETH2 Inches Closer

Ethereum Surges 10% Higher As DeFi Rally Continues, ETH2 Inches Closer
фото показано с : newsbtc.com

2020-11-21 08:32

Ethereum has surged higher in the past 24 hours by nearly 10%, pushing as high as $520 for the first time since 2018. The leading cryptocurrency is currently outpacing Bitcoin on a daily basis, though is still underpacing BTC on a multi-week basis.

Analysts think the cryptocurrency will surge even higher in the weeks ahead as the trend still seems to be positive for the top coin.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Ethereum Surges Higher 

Analysts think Ethereum explode higher in the weeks ahead as it passes key resistance levels in the high-$400s and enters the $500s. Referencing the chart seen below, which shows Ethereum breaking above long-term resistance levels, one analyst recently commented:

“So, if all goes according to plan with $ETH, what’s your ‘realistic’ price target? (ex. where will you look to close leveraged longs within a week or two). Personally, I’m looking at the $570 weekly level, with a potential push towards a round $600 if momentum is really strong.”

Ethereum is set to move toward the resistances in the $600 range, the trader said in reference to the chart. as the chart shows $600 is where the next weekly resistance on the macro chart lies.

Other analysts think that Ethereum is free to rally from current levels toward $800. Though at this point, it remains to be seen if this will play out as they expect.

Chart of ETH's price action over the past three years with analysis by crypto trader Chase_NL (@Chase_NL on Twitter). Source: ETHUSD from TradingView.com Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin ETH2 Update

Ethereum Foundation developers have been giving updates about the upcoming upgrade, ETH2 or Serenity. The upgrade is expected to dramatically overhaul the blockchain and implementing new token-economics.

Ethereum founder Vitalik Buterin recently commented on the token-economics of ETH2:

“In two years the main task will be to stabilize and cherish what we will have built. Until then, participation in Ethereum is unavoidably in part a prediction that the roadmap is a good one and that once this upgrading process ends we actually will get to a place where the network is efficient and stable and powerful and capable of being the base of significant parts of the global economy.”

Analysts think the upgrade will drive prices higher as investors seek to buy Ethereum to stake in mass quantity.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Ethereum Surges 10% Higher As DeFi Rally Continues, ETH2 Inches Closer

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3354.25 (-0.23%)
Объем 24H $51.84b
Изменеия 24h: 8.66 %, 7d: 8.83 %
Cегодня L: $3341.62 - H: $3374.12
Капитализация $403.944b Rank 2
Цена в час новости $ 507.04 (561.54%)

ethereum basis higher leading cryptocurrency 2018 multi-week

Источник: newsbtc.com

ethereum basis → Результатов: 88


Фото:

Big, greedy Ethereum whales account for 33 percent of cryptocurrency’s supply

Ethereum whales account for just 7 percent of transaction activity in the market – but they control a third of the cryptocurrency’s entire circulating supply. That’s according to a new study by Chainanalysis which found that although these whales don’t have a sizeable impact on Ether’s price, their large sell-offs do make the market more volatile on a daily basis.

2019-5-16 16:36


CryptoProfile ICO

CP believes in the importance of credible ICO projects. All ICO Projects will be check and research thoroughly before we accept them as our client. We offer our clients 100% return of all profits through marketing and also a 6-month return on the original value of tokens invested through a smart contract (T&Cs apply).

2019-1-4 02:03


Is Tron (TRX) really as valuable as Justin Sun makes it look or is it merely a bubble built on hype?

Justin Sun is without a doubt one of the most active cryptocurrency CEOs, notable for informing his followers on the milestones that the Tron network continues to achieve on a daily basis. While the likes of Vitalik Buterin of Ethereum and Charlie Lee of Litecoin are often involved in more general tweets affecting the cryptocurrency […] The post Is Tron (TRX) really as valuable as Justin Sun makes it look or is it merely a bubble built on hype? appeared first on ZyCrypto.

2018-12-27 23:52


$133 Million Stablecoin Project of Basis is Reportedly Shutting Down

The Basis stablecoin project which had raised over $133 Million in venture capital, is reportedly shutting down and returning a vast majority of the funds to investors. Unlike other projects shutting down due to the bear market, Basis is shutting down due to regulatory hurdles as it tried to get the stablecoin project up and […] The post $133 Million Stablecoin Project of Basis is Reportedly Shutting Down appeared first on Ethereum World News.

2018-12-13 13:55


XRP Price Surge Good News for Stellar XLM Investors?

Stellar Lumens (XLM), XRP–The recent price surge for XRP, the third largest cryptocurrency by market capitalization, could be a positive signal for Stellar enthusiasts and investors. While the two cryptocurrencies have long been pitted at odds, with a similar technology basis, overlapping leadership and development teams, and target customer base, the coins have also managed […] The post XRP Price Surge Good News for Stellar XLM Investors? appeared first on Ethereum World News.

2018-11-8 06:05


дальше еще 39 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Bullish Signal: Adoption Hits Four-Month High Rate

On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets.

Ethereum Rockets Forward With 3.3% Network Growth While Bitcoin Goes Stale

On-chain data shows Ethereum has notably outpaced Bitcoin in terms of adoption during the last three months, a sign that could be positive for ETH. Ethereum Has Seen Its Holder Count Go Up By 3.3% In Last Three Months According to data from the on-chain analytics firm Santiment, Ethereum has continued to separate itself from […]

Ethereum Bullish Signal: Whales Show $530 Million Buying Spree

On-chain data shows the Ethereum whales have recently gone on a significant accumulation spree, a sign that could be bullish for ETH’s price. Ethereum Whales Have Added 200,000 ETH To Their Holdings Recently As explained by analyst Ali Martinez in a new post on X, the ETH whales have gone on a buying spree recently. […]