Tag Archives: ethusd

After experiencing a rapid downturn, Ethereum has found itself supported by a substantial zone, comprising the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. Consequently, a bullish rebound is anticipated in the medium term. By Shayan The Daily Chart A thorough examination of the daily chart reveals an extended period of corrective retracements, culminating in the price finding support within a pivotal zone. This zone...

Ethereum’s price has declined significantly over the weekend as a result of the rising tensions in the Middle East. Yet, there are still potential support levels available to hold the price. Ethereum Price Technical Analysis By TradingRage The Daily Chart During the daily timeframe, Ethereum’s price has formed a large bullish flag pattern. The recent drop has briefly pushed the price below the $3,000 support level, but the market has rebounded from the lower boundary of the...

CoinspeakerCrypto Whales Drive Ethereum (ETH) Price with Massive Transactions amid Price Volatility Different experts have different ideas about how the actions of these big market players will affect Ethereum price in the short term. Crypto Whales Drive Ethereum (ETH) Price with Massive Transactions amid Price Volatility

Ethereum’s price has been correcting over the past few weeks after setting a local high around the $4,000 mark. While the price is yet to recover, the bull market may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating between $3,000 and $3,600. Following the recent rejection from $3,600, the market is once again targeting the support at $3,000. The Relative Strength Index has also dropped below 50%, as...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000. The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a...

Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. His statement comes amid concerns that Layer 3 networks are taking away from Ethereum’s value and security. L3 Doesn’t Magically Increase Throughput According to Buterin’s X post, there are alternative, potentially “lighter”...

Ethereum (ETH) is losing a key support level against its larger crypto rival, Bitcoin (BTC), amid a broader crypto market selloff that began on Monday. Data from TradingView shows that 1 ETH is now worth less than 0.05 BTC, trading for 0.04961 BTC at writing time. The last time the ETH/BTC ratio traded so low was in January, after a brief crypto market selloff after Bitcoin ETFs went live. The last rare period at a similar ratio was when ETH skyrocketed in April 2021, after...

Following a notable rejection at the substantial $4K price level, Ethereum underwent a corrective phase, experiencing a significant 25% decline. However, as the price neared the significant support of the 0.618 Fibonacci level, a rebound occurred, suggesting the potential for an impulsive surge. By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a prevailing bullish sentiment surrounding Ethereum, with the price briefly surpassing the critical and...

CoinspeakerAuthorities Investigate Ethereum Foundation, SEC Seeks to Classify ETH as Security According to the latest reports by Fortune, the SEC seeks to classify ETH as a security. Authorities Investigate Ethereum Foundation, SEC Seeks to Classify ETH as Security

Ether (ETH) has lost more than 11% of its value in the past six days, falling from $4,000 to $3,500, but a vast majority of its holders are still in profit. According to a tweet by crypto market intelligence platform IntoTheBlock, around 89% of ETH holding addresses are currently in the green. 89% of ETH Holders in Profit Ether’s price began to slump on March 13 after the Dencun upgrade. Recall that the upgrade was launched to slash Ethereum-based layer-2 solutions’...