Ethereum (ETH)

The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and the total capitalization is also up by about $100 billion. At the time of this writing, BTC trades at around $24K, but it managed to paint a fresh high of above $25K for the first time since the summer of 2022. This has also had an impact on the entire market, as most of the...

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This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%. the current PA shows that buyers are becoming eager, and the key resistance is being tested again and again. The more this happens, the likelier it becomes for ETH to break above and move higher. Looking ahead, ETH has good...

Seychelles-based cryptocurrency exchange OKX announced the launch of its new blockchain dubbed OKBChain, which is separate from the existing Ethereum Virtual Machine (EVM)-compatible smart contracts protocol OKXChain. According to OKX’s founder Star Xu, the new OKBChain would foster the development of an OKB decentralized ecosystem. OKX Unveils New Protocol for Decentralized Economy As per Xu’s tweet, OKBChain will be launched in Q1 2023 as a separate protocol from OKXChain,...

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Litecoin started a steady increase above $95 against the US Dollar. LTC price is now trading above $95 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $100 and $105 resistance levels. Litecoin price is showing positive signs above $95 against the US Dollar, similar to bitcoin. LTC...

Tom Dunleavy – Senior Research Analyst at Messari – thinks there is a bright future for the blockchain platform Polygon. It has shown significant growth over the past few years, increasing the number of its developers and attracting some major institutions.  Dunleavy took it to Twitter to lay out the most notable recent achievements of the layer 2 blockchain platform. He mentioned the active addresses, whose number has surged by 90% quarter over quarter (QoQ), and added that...

DBS Digital Exchange (DDEx), the crypto trading subsidiary of the Singapore banking giant DBS Group Holdings, witnessed exponential growth in bitcoin trading last year despite the winter that wiped out billions of dollars from the market. According to the report from Bloomberg, the exchange recorded an 80% increase in Bitcoin trade volume compared to the previous year. Despite negative sentiments in the market, the number of BTC in DDEx’s custody doubled as of December 31,...

Ethereum’s price appears to have entered a short-term correction phase as the cryptocurrency was recently rejected from a vital resistance zone and plummeted. Nevertheless, two crucial support levels are ahead, which might end the current decline. Technical Analysis By Shayan The Daily Chart The price has recently rallied and exited a multi-month symmetrical triangle pattern. However, the momentum has weakened. Following this decline, Ethereum is now facing the triangle’s...