Tag Archives: ethusd

Ethereum (ETH) appears trapped under $2000 after a stock rally has failed to push it past the price point, according to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Here’s what the analyst believes Ethereum needs to break the 12-month-long resistance level.  Ethereum’s Major Resistance In a tweet on Thursday, McGlone said that $2000 looks like a “resistance ceiling” given that ETH has failed to sustain itself above that, despite the NASDAQ 100 stock index...

Ethereum’s price finds itself tightly confined within a narrow range, hemmed in by the upper boundary of the descending flag and the 100-day moving average. However, this narrow range is on the verge of being breached, indicating an imminent direction for its next move. Technical Analysis By Shayan The Daily Chart Zooming in on the daily chart, Ethereum has been struggling with the 100-day moving average for an extended period, failing to break below it. Presently, the price...

There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging. With the recent noise about cryptocurrency regulation and events such as crypto exchanges being sued for offering unregistered securities, there have been varying views from experts and high-profile individuals about the state of some specific cryptocurrencies....

This year, Ethereum’s network officially transitioned to a Proof-of-Stake consensus algorithm, leaving Proof-of-Work forever behind. One of the multiple implications The Merge has had on the protocol is that there are no longer Ethereum miners. Validators secure the network now, and the path to becoming one is supposed to be tremendously simplified – deposit 32 ETH to the staking contract and run the appropriate software. But it turns out that there’s quite a queue for...

Ethereum has been consolidating within a narrow price range, tightly bound by the upper limit of the descending flag pattern and the 100-day moving average. However, a breakout is imminent and will determine the subsequent direction of the cryptocurrency. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Ethereum demonstrated a period of stable price action around the $1790 mark, near the 100-day moving average, before gaining support and embarking on an...

Ethereum has recently flashed a bullish signal by finding support at the 100-day moving average of $1791 and experienced a spike in its price. Also, it has now encountered a crucial resistance level, and surpassing it would likely trigger another surge. Technical Analysis By Shayan The Daily Chart Ethereum had a period of steady price action around the 100-day moving average of $1790 before finding support and proceeding upward. However, during the recent consolidation...

This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week. This consolidation under the key resistance is unlikely to last, and bulls appear eager to break away. On Tuesday, buyers briefly took the price over the key level, but sellers were quick to reverse the price action...

Ethereum has been struggling with the 100-day moving average, which stands at $1772, for an extended period. However, the price action at this crucial level has not yet clearly indicated any upcoming direction. A breakout, on the other hand, has the potential to trigger an immediate cascade. Technical Analysis By Shayan The Daily Chart Following a short-term consolidation phase, the price experienced a decline toward the 100-day moving average of $1.7K. The recent PA of...

Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month. In fact, the total volume of crypto-asset staked has exceeded 20 million. The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking weekly inflow of Ether deposits for staking. “It has only been a month since Ethereum’s Shapella Upgrade. Since then,...

Ethereum’s price has been trapped in a tight range recently, showing little intent to move significantly to either side. However, changes could be expected shortly. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been oscillating between the 50-day moving average located around the $1900 mark and the $1800 static support level, during the past 7 days. From a classical PA point of view, the market is likely to reach lower levels, as it has...