Tag Archives: ethusd

This week saw the total cryptocurrency market capitalization soar above $1.3 trillion on the back of major increases from many coins. The sentiment has also improved considerably across the board. Bitcoin’s price managed to top the coveted $30K level – a point that we haven’t seen in 10 months. The week started relatively quiet as everyone was expecting the release of the Consumer Price Index. It’s largely used to gauge inflation in the US. Before its release, however, things...

Ether prices have kept pace with the crypto market rally this year. ETH posted big gains in January during the relief rally, then again from early March until now. The world’s second most valuable cryptocurrency by market cap traded at a spot price of $1,429 on Mar 10. By April 13th, the day the Shanghai Upgrade took place, Ether was trading for $2,000. That’s a stout 36% increase in a month’s time. Here are some important factors affecting the Ethereum price for the...

In recent months, Ethereum has experienced a significant surge in price, surpassing multiple resistance levels. However, the bullish momentum appears to be fading, and the cryptocurrency is currently having difficulty in continuing its upward trend. As of now, ETH is struggling to maintain its position and surpass a significant resistance region. Technical Analysis By Shayan The Daily Chart In March 2023, Ethereum’s price saw a significant rally when it found support at the...

Ethereum’s Shanghai upgrade, also commonly referred to as Shapella (we’ll explain why below), is scheduled for April 12th. It’s the next major upgrade following Ethereum’s transition to Proof-of-Stake (a.k.a The Merge), and it will introduce a major mechanic change. The upgrade consists of a few Ethereum Improvement Proposals (EIPs), although most of the focus is on one particular. The EIPs in question are: EIP-3651: Warm COINBASE EIP-3855: PUSH0 instruction EIP-3860: Limit...

Hackers drained almost $13 million worth of digital assets from the South Korean cryptocurrency platform GDAC. This is the latest in a string of setbacks the industry went through. The Latest Victim The exchange’s team notified its users on April 9 that hackers exploited the Gdac Hot Wallet and transferred a significant amount of cryptocurrencies to an unidentified wallet.  They stole over 60 BTC, 350.5 ETH, 10,000,000 WEMIX, and 220,000 USDT (which accounted for around 23%...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

Technical Analysis By: Edris Ethereum’s price has been rallying over the past few months, breaking through multiple significant resistance levels. However, the bullish momentum is seemingly fading as the cryptocurrency is struggling to rise at the time of this writing. The Daily Chart: On the daily timeframe, the price has been consolidating above the higher boundary of the large symmetrical triangle pattern and the broken $1800 resistance level. However, it is unable to...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued to move up this week and managed to book a 3.5% price increase. In the process, ETH broke the key resistance at $1,800, which is now acting as support. The next resistance is found at $2,000, and it represents a major psychological level that will likely attract sellers and profit-takers. Momentum continues to favor buyers at this time, but it’s best to...

Ethereum’s price has finally broken above a key resistance level and continues to rally higher. However, the RSI is presently demonstrating some warning signals. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is finally clearing the broken $1800 resistance level, following multiple retests. The higher boundary of the large symmetrical triangle has also provided support for the price, pushing it back higher above the $1800 level earlier last week....

BTG Pactual – one of Latin America’s largest investment banks – will reportedly launch its own stablecoin, whose value will be tied to the American dollar.  The corporation joined the industry years ago by issuing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil. The Latest Push According to Reuters, Banco BTG Pactual S.A. (better known as BTG Pactual) will strengthen its presence in the digital asset sector by designing a stablecoin called...