Tag Archives: ethusd

Up until now, ETH has managed to remain above $1,200 despite the increased selling pressure, but the price clearly shows that the downward trend is weakening after the Merge. However, this doesn’t mean that bullish momentum is underway. Technical Analysis By Grizzly The Daily Chart ETH was supported by the ascending line (in green) again, and increased investor confidence prevented the price from closing below it. The chart currently shows no notable signs of bullish momentum...

Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s Next Crypto Step One of the largest entities in its field (with over $4.5 trillion in assets under management) received...

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Long before the Ethereum network’s transition to Proof-of-Stake (PoS), censorship concerns have been a bone of contention. To mitigate these risks, Vitalik Buterin has proposed “partial block auctions.” In the latest blog post, the Ethereum co-founder suggested that builders should have a more limited amount of power to prevent ETH censorship post Merge. Instead of letting them have full rein to construct the entire block if they win an auction, builders would have a more...

Yesterday, Ethereum closed its third consecutive weekly red candle. A candlestick with a long upper wick indicates that increased selling pressure continues. In the last two weeks, the price has been trapped between two significant levels, and breaking out of this zone would likely determine the direction forward. Technical Analysis By Grizzly The Daily Chart The descending line on the daily chart highlights the creation of lower lows (in yellow). This structure is bearish....

On Tuesday night, an Ethereum MEV bot gained 800 ETH through the use of clever arbitrage, only to lose all of it and more to a hacker an hour later. Here’s how the situation played out on-chain: The event began with a third-party trader mistakenly losing nearly $2 million to spreads on Uniswap v2 trade. While he initially traded in 1.8 million cUSDC, he only received 518 USDC in return.  According to Flashbots Product Lead Robert Miller, this only created a “massive arbitrage...

The cryptocurrency markets are experiencing a period of stagnation. Meanwhile, ETH has been trading inside a tight range for the last seven days. Technical Analysis By Grizzly The Daily Chart On the daily chart, we can see two descending lines since ETH had reached its all-time high, and right now, ETH is retesting the lower line (green), along with the 200-week moving average (in yellow). From the bearish side, if the green support line doesn’t hold and the selling pressure...

Despite a 7% spike for Ethereum in the last 48 hours, followed by a steep decline, the possibility of a bullish rally remains low. The price has yet to recover from the major drops that took place in September. The first step towards bullish sentiment would be to reclaim the critical level of $1,550. Technical Analysis By Grizzly The Daily Chart As seen below, an ascending triangle pattern (in yellow) has developed on the ETH/USDT trading pair chart. This pattern is textbook...

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Controversial crypto entrepreneur Jason Falovitch on Sunday reported that hackers breached his crypto wallet on OpenSea and stole four NFTs and six ETH. The value of the stolen assets is estimated to be in the range of $150,000, media reports said. In a similar incident, earlier this month, famous American actor and comedian Bill Muray became a victim of hackers and lost 119.2 ETH worth $185,000 that he had just finished raising through his NFT action for a charity.   Asking...