Tag Archives: Ethereum (ETH) Price

With Ethereum’s long-awaited Shapella upgrade just around the corner, it seems very few network users plan to put the protocol change to immediate use.  Data from IntoTheBlock shows that just 0.6% of Ethereum validators are planning to withdraw their stake after the hard fork.  As tweeted by the market intelligence provider on Tuesday, just 3,614 out of 562,717 Ethereum validators had chosen to withdraw their stake as of April 10.  Meanwhile, the upgrade rolls out at block...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

Technical Analysis By: Edris Ethereum’s price has been rallying over the past few months, breaking through multiple significant resistance levels. However, the bullish momentum is seemingly fading as the cryptocurrency is struggling to rise at the time of this writing. The Daily Chart: On the daily timeframe, the price has been consolidating above the higher boundary of the large symmetrical triangle pattern and the broken $1800 resistance level. However, it is unable to...

The past seven days saw the broader cryptocurrency market cool down a bit, with some of the previous week’s leaders also taking a breather. Namely, Ripple’s XRP was unable to sustain the major gains it posted seven days ago and is lost around 5% throughout this week. It could just be setting itself up for another leg up, though. Let’s dive in. The total cryptocurrency market cap is down about $15 billion in the past seven days, which is indicative of it cooling down. BTC was...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued to move up this week and managed to book a 3.5% price increase. In the process, ETH broke the key resistance at $1,800, which is now acting as support. The next resistance is found at $2,000, and it represents a major psychological level that will likely attract sellers and profit-takers. Momentum continues to favor buyers at this time, but it’s best to...

Ethereum’s price has finally broken above a key resistance level and continues to rally higher. However, the RSI is presently demonstrating some warning signals. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is finally clearing the broken $1800 resistance level, following multiple retests. The higher boundary of the large symmetrical triangle has also provided support for the price, pushing it back higher above the $1800 level earlier last week....

ETH’s price has been on the rise since rebounding from the $1000 area and has broken through multiple significant resistance levels. However, the cryptocurrency is currently demonstrating a lack of momentum, hinting at a potential correction in the short term. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been holding above the broken symmetrical triangle after breaking it to the upside. However, the $1800 resistance area is yet to be...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Litecoin. Ethereum (ETH) Ethereum decided to range this week and booked a slight loss of 1.4%. This flat trend could not muster the energy to hold the price above $1,800, which is the current key resistance. The support is at $1,700, and bulls have done a good job defending this level to date. Therefore, any pullback should find buyers here if the price falls again. Looking ahead, ETH has lost some of...

Ethereum’s overall outlook is bullish, but the price is currently facing significant resistance and struggling to surpass it. Considering the recent action, a short-term rejection is possible before the next trend. By Shayan The Daily Chart Ethereum bulls are having trouble pushing the price above the significant resistance region of $1.8K. After reaching this crucial range, Ethereum started consolidating with no clear direction, resulting in dull price action. This...

Ethereum’s price has been consolidating over the past week as the price is struggling to break above a key resistance area. Did ETH mark a local top? Technical Analysis By: Edris The Daily Chart: On the daily time frame, ETH’s price has broken above the symmetrical triangle pattern lately and above the 50-day moving average line (around the $1600 mark). However, ETH is trading inside a very tight range above the broken triangle and has yet to break with confidence above the...