Ethereum (ETH)

Ethereum has experienced a 6.6% correction from the daily high it recorded at $2012. The critical support level lies in the price range between $1700 and $1800, and it is very important for ETH to keep above it to prevent any further declines. Technical Analysis By Grizzly The Daily Chart Ethereum is moving along inside a rising wedge (in yellow), which is technically a bearish pattern. Simultaneously, the trading volume on Binance is decreasing. This suggests that buyers are...

The Crypto Finance Group - comprising two FINMA-regulated financial institutions and part of Deutsche Börse Group - offers professional digital asset solutions. Crypto Finance (Asset Management) AG, the first regulated crypto asset manager for collective investments authorised by the Swiss Financial Market Supervisory Authority (FINMA) joins the Asset Management Association Switzerland (AMAS) as a new member. This first-of-its-kind membership,...

The bulls have been in control of the market for more than a month. They have managed to push the price by more than 100%. The majority of this rally has been without a considerable correction, begging the question if one is pending following the test of the critical $2K level. Technical Analysis By Grizzly The Daily Chart Buyers still dominate the market and push the price up. They were able to return to the $2,000 level after 74 days. In the meantime, a critical resistance...

The cryptocurrency price tracker CoinGecko estimated that this year’s decline in the digital asset market had changed the trends in the industry. According to the company’s research, Nigeria has emerged as the most crypto-curious nation across the globe. Other recent reports revealed that Nigerians’ interest in digital currencies is prompted by their limited access to financial services and the monetary crisis that reigns across the state. Nigeria Occupied the First Spot By...

Unlike the previous weekend, this one starts with impressive gains from BTC and most altcoins. Bitcoin, for one, jumped to just under $25,000. With the hype surrounding the upcoming Merge, ETH soared to a multi-month high of its own, above $2,000. ETH Spikes Above $2K The Merge, a move that will see Ethereum transition from PoW to PoS, is arguably the most anticipated event of the year in the cryptocurrency space. The latest reports on the matter suggested that it could...

On August 10, the Dutch Crime Agency (FIOD) announced the arrest of a 29-year-old developer of Tornado Cash, a cryptocurrency mixer built on the Ethereum network that was sanctioned earlier this month by the U.S. Treasury Department. The U.S. banned Tornado Cash because the platform had a large-scale currency laundering lending potential and helped anonymize the funds of several individuals linked to criminal activities. According to the FIOD, the suspect is allegedly...

The past week was particularly eventful, and that’s reflected in the overall performance. The total cryptocurrency market capitalization is up almost $100 million as most of the coins are well in the green. Let’s unpack. Starting with Bitcoin, it’s up 5.2% over the week and is currently trading around $24,000. This time last week, the cryptocurrency was hovering around the $23K area, where it remained until Monday, when the price took off and reached $24K. The euphoria was...

App Swarm, Corp. – a company that focuses on mobile development, crypto assets, non-fungible tokens (NFTs), and cybersecurity solutions – is boosting the amount of crypto equipment it’s employing to focus more on mining Ethereum, the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin. App Swarm Says It’s Mining a Lot of ETH It’s a unique situation given that so many hobby miners and small mining companies appear to be suffering...

MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead.  Yet despite what such a conversion could do to boost ETH’s price, Vitalik Buterin said it was a “terrible idea.” Removing Exposure to USDC In the governance channel of MakerDAO’s official Discord, Rune expressed concerns over the US Treasury Department’s latest...

The crypto market has seen a flurry of activity over the past few days, and Ethereum was no exception; most of the conversation centered around inflation and the Merge event. At long last, it seems that calmness has prevailed on the market, and everyone is waiting for ETH to reach the crucially important level of $2000. Technical Analysis By Grizzly The Daily Chart Ethereum has recorded an astonishing 16% gain in the past two days as it touched a high of $1930 at the time of...