Tag Archives: ethusd

After a phase of consolidation and correction, Ethereum’s price has recently arrived at the crucial support level of the 50-day moving average. However, it is currently going through a tight price range between the 50-day MA and the significant resistance level of $2K. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart, the price previously formed a higher-high pattern before experiencing a significant decline. The 50-day moving average acted as a support...

After a prolonged period of consolidation without a clear direction, the cryptocurrency market has finally undergone a correction, with most coins decreasing in value. Ethereum was no exception, as its price has plunged by 14%, hitting a significant support zone. Technical Analysis By Shayan The Daily Chart Ethereum recently surpassed its prior major swing high at $2K due to its impulsive uptrend, providing a significant bullish sentiment by indicating a positive trend...

A wallet that participated in Ethereum’s initial coin offering (ICO) in 2016, which remained dormant since then, has finally woken up after seven years and seven months. According to a tweet by on-chain analysis firm Lookonchain, the address transferred one ether (ETH) to a new address about 13 hours ago, marking its first transaction. The crypto community speculates that it is a test transaction. However, the ICO wallet has not made any other transactions since. At the time...

Last week was significantly more eventful within and outside the cryptocurrency industry, with the CPI numbers showing declining inflation rates in the States, while Ethereum underwent its most notable upgrade since the Merge. Consequently, the entire market reacted positively, with BTC spiking to $31,000 to chart a 10-month peak, while ETH skyrocketed to above $2,100 and painted its highest price point in 11 months. This week began with less volatility, but the landscape...

The Merge represented the Ethereum network’s transition from proof-of-work to proof-of-stake. 218 days later, more than 103,092 ETH has been eliminated from the supply of the world’s largest altcoin. At current prices, this amounts to a little over $197 million. Deflation on the network is on the rise as the supply declined by 0.146% per year. According to the latest data from the Ethereum monitoring site ‘ultrasound.money,’ the current supply of ether stands at nearly...

Ethereum’s price dropped significantly yesterday after multiple weeks of rising, causing investors to question the validity of the recent positive sentiment and wonder if a bearish continuation will soon follow. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has constantly been pushing higher, except for the last day, which saw the market plunge by almost 9%. Interestingly, the price is yet to reach the $2200 resistance, but the $2000...

Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on Bitcoin and Ether futures, with expirations available every day of the business week...

Ethereum’s price has been extremely bullish over the past few weeks, climbing higher each week. While there are numerous signs that the bear market is over, some worrying signs are emerging in the short term. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, the price has been rallying aggressively after breaking the large symmetrical triangle to the upside. Currently, ETH is targeting the $2200 resistance level and is approaching it quickly. Yet,...

Ethereum has delivered an extremely strong performance by gaining more than 10% since the Shapella upgrade. Ether (ETH) has successfully delivered a very strong performance shooting past $2,100 levels and hitting a new 11-month high. As of press time, ETH is trading at $2,087.83 with a market cap of $249 billion. This strong price performance comes despite more than 1 million ETH being withdrawn from the Ethereum Beacon Chain just within the first four days of the Shanghai hardfork...

Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively stable at a range of $30-31K. Enter the Alt Season In one of his most recent tweets, Hayes presented a price chart of Ether (ETH),...