Tag Archives: ETHBTC

The year started on a bullish note which aided the world’s largest altcoin to sprint towards its pre-FTX market cap levels. Days after struggling to overcome $1,600, Ethereum finally climbed past the resistance level on Tuesday amidst a broader market rally. Even as certain group of investors looking to pocket quick gains began offloading the token, this has not affected the growing appeal of the network. Ethereum Ownership According to the latest data by IntoTheBlock, there...

Ethereum’s price has been on the rise for quite a while now after breaking above the $1300 resistance level. While the positive trend remains on higher timeframes, some signs are suggesting that at least a short-term correction is quite probable. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is constantly climbing higher and could reach the $1800 level soon. However, a short-term pullback seems imminent as the RSI indicator has been in...

ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues to work its magic on asset valuations across the board. The S&P 500 Index and NASDAQ Composite have continued their new...

Ethereum’s price surge has seemingly halted after rallying over the past couple of weeks. With multiple key resistance levels broken, the market seems likely to enter a bullish phase. However, some warning signals are emerging. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has broken past the $1300 resistance level, and the 200-day moving average is around the $1400 mark. Yet, bullish momentum has been fading recently, making a bearish...

Ethereum’s price has printed a substantial increase and finally surpassed the channel’s upper boundary. In spite of this, the cryptocurrency is approaching a critical resistance zone, and if a breakout occurs, an impulsive uptrend would become more likely. Technical Analysis By Shayan The Daily Chart Ethereum’s price has experienced an uptrend since breaking above the 50 and 100-day moving average lines and has currently reached the $1.6K critical resistance zone. This price...

Ethereum’s price is on the verge of breaking out from a significant resistance level after testing it for quite a while. However, there are still some obstacles for the price to overcome in order for a new bullish phase to begin. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is breaking above the key $1300 resistance level after finally surpassing the 50-day moving average. In case of a bullish breakout, the 200-day moving average found at...

Shanghai upgrade’s tentative timeline is set for March 2023, and the Ethereum developers are scaling back and targeting early February to launch its public testnets. The high-profile upgrade seeks to enable validator staking withdrawals. This feature is currently lacking in the Ethereum network, and the devs deem it the highest priority for the first quarter of 2023. Following the planned hard fork, the users will be able to access coins that have been staked on the network....

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days. The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that...

The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). It holds around 3 million ETH, which is about 2.5% of its total market capitalization. The ETHE...

Ethereum’s price has been oscillating in a very tight range over the past couple of weeks as the markets were heading into the new year’s holidays. However, a decisive move may be on the horizon, as the cryptocurrency now resides in a critical area. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been testing a significant resistance level recently, where the $1250 zone and the 50-day moving average have a confluence. While the market is yet to...