Ethereum buy orders push 2021 gains to over 500%

Ethereum buy orders push 2021 gains to over 500%
фото показано с : coinjournal.net

2021-5-12 15:11

Ethereum (ETH) recorded a new ATH on Wednesday, continuing to outperform Bitcoin in 2021

Ethereum’s new $4,372.35 high has seen the coin achieve a market capitalisation of almost $500 billion, while Bitcoin struggles to remain a trillion-dollar asset. Ethereum’s year-to-date gains now stand at over 470%, while Bitcoin has managed just shy of 100% in 2021.

Reuters suggest that the rally could be fundamentals-driven, with institutional interest ramping up and the broader proliferation of decentralised finance (DeFi) apps within the Ethereum ecosystem.

AnalysisOn-chain support

ETH’s relentless price action is accompanied by bullish signals from on-chain data. Analysts Negentropic, co-founders of chain analysis firm Glassnode, noted that ETH has been flowing out of exchanges and into cold storage. This is traditionally a sign that buyers are not planning to sell any time soon.

Exchange transfer volume (USD) #Bitcoin vs $ETHhttps://t.co/C45nN45WpA pic.twitter.com/kdQx3KsKlH

— Yann & Jan (@Negentropic_) May 11, 2021

Similarly, analyst Lex Moskovski observed that the rally seems to be driven by spot purchases rather than intense derivative speculation. This sort of market behaviour typically underwrites a sustainable rally and prevents the market from “overheating”. Nonetheless, open interest on Ethereum futures remains high, and Ether call options demand flipped Bitcoin for the first time in April, which perhaps gives ETH more fuel for speculative upside.

 

Where can you buy Ethereum?

eToro

By signing up to eToro, traders can buy, sell and trade Ethereum using the platform’s plethora of trading resources and copy trading platform to follow Ethereum traders. eToro also offers lots of stocks, shares and other cryptocurrencies – so it’s well with signing up if you’re thinking about starting your trading journey and are looking for a place to start.

Register here

Bitcoin left behind

Ether has enjoyed particular success against Bitcoin in recent weeks. The original cryptocurrency’s extended consolidation, in play since February, has caused profit-seeking traders to look elsewhere for gains. The ETH/BTC pair recently broke out of a months-long cup and handle pattern on the weekly chart, allowing the second-largest crypto to make up some serious ground on Bitcoin.

ETH/BTC weekly chart. Source: TradingView

Talk of a “flippening” abounds, and if Ether keeps up its current momentum, this doesn’t seem out of the question. Previous cryptocurrency bull cycles have witnessed an “alt season”, whereby traders suck liquidity out of the Bitcoin market and pump it into other cryptocurrencies, with Ethereum historically being a prime beneficiary. BlockchainCenter’s “Is It Altseason?” indicator is currently proclaiming a resounding ‘Yes’.

With a continued upside very much on the cards, investors and traders alike will be looking to capitalise on Ether’s rally while Bitcoin languishes.

The post Ethereum buy orders push 2021 gains to over 500% appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3686.3 (+0.15%)
Объем 24H $8.868b
Изменеия 24h: 0.07 %, 7d: -3.27 %
Cегодня L: $3668.12 - H: $3686.76
Капитализация $442.903b Rank 2
Цена в час новости $ 4306 (-14.39%)

ethereum 500 gains buy 2021 orders push

ethereum 500 → Результатов: 126


Фото:

Meteoric Rise: Ethereum’s Mesmerizing 285% YTD Returns Send ETH Soaring Above $500 For First Time Since 2018

Ethereum is in the midst of a parabolic rally. The second-largest cryptocurrency has breached the $500 hurdle for the first time since 2018 and is up over 280% year-to-date. Ethereum’s jump to 28-month highs comes as alternative cryptocurrencies (also known as altcoins) stage a recovery from the lackluster performance. Above $500, there’s now very little […]

2020-11-23 09:08


Фото:

The Ethereum Investment Case Has This Unexpected Achilles’ Heel

With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see ETH > $7,500. To the mainstream ETH will be […]

2020-6-15 13:00


Виталик Бутерин предложил масштабировать эфириум с помощью технологии Zcash

Виталик Бутерин планирует увеличить количество транзакций в сети эфириума на 3200% (до приблизительно 500 транзакций в секунду) без использования технологий второго уровня, таких как Plasma. В своей публикации на форуме Ethereum Research сооснователь проекта отметил, что эфириум может позаим...

2018-9-25 10:47


Фото:

How Zcash Could Help Scale Ethereum Up To 500 Transactions Per Second

Scalability problems plague Ethereum. Often, the Ethereum blockchain is clogged and slow, hardly a surprise given how many projects exist on the Ethereum blockchain though. There could be a new solution within some new practices that have been pioneered within the Zcash network, according to Coindesk: “A form of cryptography pioneered by zcash might help scale ethereum, founder of the platform Vitalik Buterin said on a research forum Saturday.

2018-9-24 18:00


Виталик Бутерин: технология zk-SNARK может помочь масштабировать Ethereum

Технология zk-SNARK, созданная разработчиками Zcash, может помочь масштабировать Ethereum. Об этом заявил сооснователь платформы Виталик Бутерин на исследовательском форуме, прошедшем на днях. По его мнению, используя zk-SNARKs, Ethereum можно масштабировать до 500 транзакций в секунду, не прибегая к решениям второго уровня, таким как Plasma или Raiden.

2018-9-24 17:25


500 транзакций в секунду: Бутерин заявил, что zk-snarks поможет масштабированию Ethereum

Технология, представленная в криптовалюте ZCash, может помочь Ethereum масштабироваться, пишет CoinDesk со ссылкой на заявление основателя платформы Виталика Бутерина. По словам Бутерина, благодаря технологии zk-snarks Ethereum может масштабироваться «до огромных размеров» и обрабатывать до 500 транзакций в секунду без необходимости прибегать к решениям второго уровня, таким как Plasma или Raiden.

2018-9-24 17:10