Tag Archives: Ethereum (ETH) Price

The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get their transactions through.Binance Chain to The Rescue?In a tweet on Tuesday, September 1, Binance CEO Changpeng Zhao hinted at a solution without giving...

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...

Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today.The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart.Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend.ETH/USD – Bulls Re-Test 2020 HighsKey Support Levels: $420, $408, $400.Key Resistance Levels: $438, $450, $463.Last week, Etheruem fell into the $380 support (downside 1.272 Fib Extension) and rebounded. At the time, it...

Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%.YFI To $40k, Low-Caps SurgingIt’s no secret that the DeFi sector has been cryptocurrency’s hottest topic recently.YFI’s fork, which recently rebranded its name from YFII Finance to DFI.Money is the clear leader in...

Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts.Bitcoin Back Above $11,500The primary cryptocurrency saw its fair share of price dumps in the past few days. BTC even experienced quite volatile developments following an announcement from the US Federal Reserve...

BitcoinBitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it.On Tuesday, Bitcoin plummeted by 6% from $11,770 to a low of $11,150 (.382 Fib Retracement). Luckily, the bulls pushed higher to close the daily candle above the $11,300 support (downside...

Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at.Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap.Bitcoin Spikes And DropsAs CryptoPotato reported yesterday, the US Federal Reserve announced new plans to target inflation averaging 2% over time....

Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago.Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the market. Earlier today, ETH saw a pump and dump towards $400 around the Fed’s statement regarding the inflation.Key Support Levels: $382, $375, $364Key Resistance Levels: $400, $408, $438ETH/USD Daily...

The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato.The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was added to major exchanges earlier this week at a price of $3. DOT is recording a fantastic ROI of more than 80% over the past four days of trading. Polkadot is...

Ethereum marked another failed attempt to overcome the $400 resistance. From there, the way to below $390 was quick.The cryptocurrency has been declining since ETH hit a 2-year High at $450 last week.Against Bitcoin, Ethereum attempted to break the 0.035 BTC resistance today but got was rejected and now facing a huge support zone.ETH/USD – Failure To Break Above $400Key Support Levels: $395, $380, $375Key Resistance Levels: $408, $420, $438Since hitting a 2-year high at $450 last week,...