Ethereum (ETH)

Binance is willing to go big in the world of DeFi and is investing heavily in promoting its own ecosystem in a clear attempt to take some of the spotlights off Ethereum.During an online panel at The World of DeFi summit, Changpeng Zhao (CZ), the CEO of the world’s largest crypto exchange by trading volume, announced the creation of a $100 million fund to promote DeFi projects running on the Binance Smart Chain.“To bootstrap or to kick off the Binance Smart Chain, and to invite all the...

ETH bulls penetrated above a symmetrical triangle pattern, as the price rose from $350 to over $370 as of writing these lines.Against Bitcoin, ETH rebounded from the 0.0329 BTC support to resistance at 0.0361 BTC, which is the current daily high.ETH/USD – Ethereum Penetrated Above The Symmetrical TriangleKey Support Levels: $364, $350, $340.Key Resistance Levels: $380, $400, $410.After finding support at the $324 level over the past week, Ethereum was forced into a short period of...

The increasing popularity of the DeFi sector is causing its tokens to outperform the entire Ethereum ecosystem.DeFi experiences a rebound having posted a surge of 19%. Over the past two weeks, the DeFi sector had suffered a strong drop — such that in the past week, it was even described by some analysts as ‘bloody.’ Now many investors are relieved after seeing such an encouraging recovery. Some tokens even saw a 50% price drop during the recent rough week. According to some analysts, the...

Bitcoin’s price is still whipsawing between $10,420 and $9950, as of today, despite $11 billion which were flooding back into the global crypto market over the last 48 hours.It appears a vast majority of this new investment is pouring into Ethereum, which is enjoying a 7% daily price gain right now and is the best performing crypto-asset in the top 10 cryptos by market cap.According to recent Skew market data, there’s even been a notable uptick in ETH futures trading volume compared to BTC,...

This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem.Economic Activity SurgesA recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped Bitcoin in terms of seven-day average weekly transfer, which has now reached $3.08 billion compared to $3.01 for BTC.ETH’s 7-day average adjusted...

Litecoin price is currently consolidating losses above the $45.00 and $46.00 support levels against the US Dollar.LTC price is currently testing the $49.20 resistance level and it is well below the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $49.25 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $49.50 and $50.00 resistance levels to move into a positive zone.Litecoin price is currently...

Cryptocurrencies have gone in descending corrections again.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.However, even now, on the Bitcoin and Ethereum D1 charts, ascending patterns confirming a leap upwards are forming; note that those are the same patterns. However, there is room for another decline before the patterns are complete. Hence, the market...

Bitcoin enters consolidation period awaiting for major price movement.Following an 18% downswing during the first five days of September, the flagship cryptocurrency seems to have entered a consolidation period. Since then, its price has mostly traded between the $10,000 support and the $10,500 resistance level without providing a clear signal of where it is headed next. The ongoing stagnation phase is visible in BTC’s 4-hour chart, where the Bollinger bands were forced to squeeze, which...

[PRESS RELEASE – Please See Disclaimer]Decentralized finance activity continues to push related services to new records. This time, Uniswap became the first decentralized exchange protocol to exceed the 1 billion mark in 24 hours.According to the tracking portal CoinGecko, Uniswap is the third largest platform in terms of adjusted trading volume, including centralized ones, second only to Binance and OKEx.Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency...

Cryptocurrency users now have received the possibility to enjoy the benefits of DLCs on the Bitcoin mainnet.Following continuous claims by Bitcoin (BTC) critics, the first bets have been reportedly placed on the Bitcoin Mainnet using Discreet Log Contract (DLC). This record-breaking update was made known by Nicholas Dorier, popularly known as the man who has made it his life’s mission to make BitPay obsolete, on his Twitter handle.As Marty Bent noted, the bet on the Bitcoin Mainnet heralds “a...