Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750.This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge.Ethereum Over $400, LINK (Another) ATH, Alts RejoiceThe second-largest cryptocurrency by market cap is among the most impressive gainers from the past 24 hours. Ethereum dipped below $380 yesterday, but bulls took control and...
Read More »Ethereum (ETH) Price Rallies Above $420 as Total Value Locked in DeFi Hits $5 Billion
Ethereum’s native cryptocurrency, Ether has experienced an explosive price action in the last few hours. ETH surged by more than 8 percent to move past the $420 price mark breaking out of a week-long consolidation.Also, the Ethereum based decentralized finance ecosystem just registered a new milestone. The total USD value locked in DeFi hit the $5 billion mark.ETH Regains Position Above the $420 Level After 2 YearsIn a thunderous bout of volatility, ETH jumped by more than 8 percent to...
Read More »$400 Is Getting Away From Ethereum Following BTC’s Recent Decline (ETH Price Analysis)
Following Bitcoin’s price plunge from earlier today, Ethereum dropped to $365 before a decent recovery above $380.The cryptocurrency attempted to break above resistance at $400 this week but failed to do so, as of now.Against Bitcoin, Ethereum maintained the critical support at 0.0326 BTC.ETH/USD – Bulls Fail To Overcome $398 – $400 Resistance AreaKey Support Levels: $380, $370, $350.Key Resistance Levels: $400, $408, $430.Over the past 5-days of trading, ETH made several attempts, trying to...
Read More »Positive Ethereum Interactions Through The Roof After ETH’s Price Surge
Following the latest developments and price movements from Ethereum, the second-largest cryptocurrency by market cap has seen its weighted social sentiment turn significantly more positive to reach a fresh all-time high. Twitter Loves Ethereum According to data from the popular analytics company Santiment, Ethereum’s so-called weighted social sentiment has been increasing in positivity lately. Essentially, this metric takes into consideration the positive and the negative...
Read More »Average Ethereum Fees Surge to $3 on High DeFi Demand
Anyone that has used Ethereum for anything recently will have noticed a surge in gas fees. The DeFi boom of 2020 is largely responsible for this as demands on the creaking network increase. Ethereum and ERC-20 tokens make up the foundations of DeFi, and it has become painfully evident that the network cannot take the load.Average Ethereum fees have surged to just under $3 as of August 10, according to Bitinfocharts.com. Aside from a spurious spike in June, this is the highest they have been...
Read More »ETH Price Skyrockets 15% to $450 on Uniswap Following One $18-Million Transaction
Following what appears to be the actions of a single whale, the price of ETH skyrocketed to just under $450 according to the Uniswap v2 ETH/USDC price ticker in late trading on August 10. This represented an increase upwards of 15%.The trade involved a series of swaps totaling almost $18 million in USDT to purchase just over 40,000 ETH. Within a couple of hours, the price of Ethereum had returned to its range-bound channel at around $395.ETH/USD Chart, Uniswap V2. Source: UniswapRealt...
Read More »Ethereum Closing Down On $400 a Matter Of Time? ETH Price Analysis
Ethereum saw a small 1.7% price increase today as the coin reached the $395 level.The cryptocurrency has struggled to break above $398 for the past four days.Against Bitcoin, Ethereum continues to remain supported at the 0.0326 BTC support.ETH/USD: Bulls Halted By $398 ResistanceKey Support Levels: $380, $370, $350.Key Resistance Levels: $400, $408, $430.Ethereum had surged by a total of 65% over the past 30-days of trading, which allowed the coin to reach as high as $408 last week. It had...
Read More »Bitcoin Welcomes $12,000 As Market Cap Gains $9 Billion Today
Bitcoin is heading upwards again with another attempt to conquer the $12,000 mark. The altcoin market is also very volatile as Chainlink painted another all-time high.Bitcoin Tries $12KAfter the mostly calm weekend, Bitcoin decided to act and aimed at a familiar target. The primary cryptocurrency went from yesterday’s low at $11,550 to $11,750 in a few hourly candles before surging to $12,050.It has retraced slightly since then and is currently hovering just below the $12,000 mark. So far,...
Read More »Following Today’s Action Will ETH Finally Close Above $400? (Ethereum Price Analysis)
Ethereum saw a 3.4% price rise today as it hit the $389 level.The cryptocurrency had reached as high as $408 earlier in the week and went on to drop into the $380 support.Against Bitcoin, Ethereum fell lower from the 0.035 BTC resistance but found strong support at 0.0326 BTC.ETH/USD: Bulls Set Targets To Breach $400 AgainKey Support Levels: $370, $350, $321.Key Resistance Levels: $400, $408, $420.Ethereum has seen a strong 8% price increase over the past seven days of trading, which allowed...
Read More »Crypto Price Analysis & Overview August 7th: Bitcoin, Ethereum, Ripple, Tezos, and Elrond
BitcoinBitcoin saw a 5% price rise this week as it reached the $11,750 level. The cryptocurrency started the week at the $11,400 level as it pushed higher into $12,095 on August 2nd. From there, Bitcoin experienced some major volatility as it dropped by $1,400 in just a few minutes to fall into the $10,575 (.5 Fib Retracement) level.Bitcoin rebounded from there and started to grind higher again over the week as it reached the $11,750 level today.Looking ahead, if the buyers push higher, the...
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