Tag Archives: ethusd

BlackRock may be preparing to launch a spot Ethereum (ETH) ETF amid roaring confidence that its spot Bitcoin (BTC) ETF application is all but certain, a new company registration suggests. The price of ETH has soared 8% on the day to $2,020. As shown by @SummersThings on Twitter, BlackRock registered a corporation named the “iShares Ethereum Trust” in Delaware on Thursday. The name rings similar to its iShares Bitcoin Trust, a spot Bitcoin ETF product currently under review by...

Technical Analysis By TradingRage Ethereum’s price has been rising rapidly following a rebound from the $1,550 support level. While it is yet to reach the key $2,000 level, specific clues on the chart suggest that it is only a matter of time before it does. The Daily Chart On the daily chart, both the 50-day and the 200-day moving averages, located around the $1,700 and $1,800 marks, respectively, have been broken to the upside. The market is currently piercing through the...

Technical Analysis By Shayan Ethereum’s recent market activity has introduced a sense of uncertainty, with the price consolidating within a narrow range and lacking a clear direction. The situation becomes pivotal if the price manages to surpass the 200-day moving average, indicating the potential for a significant surge. Examining the daily chart, Ethereum encountered a substantial resistance zone at the 200-day moving average, positioned at $1.8K. This led to a sideways...

Polygon Labs called the launch of the Polygon token a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. In an announcement on Wednesday, October 25, Polygon Labs announced the launch of its new Polygon Token, POL, on the Ethereum blockchain network. The POL token’s purpose is to succeed the MATIC token as the next-generation, highly efficient ecosystem for Polygon. This ecosystem encompasses the primary Polygon blockchain, the Polygon zkEVM...

The analysts stressed that centralization, whether caused by specific entities or inherent features of the protocol, presents significant risks to the Ethereum network. This In recent months, the Ethereum (ETH) staking ecosystem has witnessed significant growth following the implementation of the Merge and Shanghai upgrades, transitioning the network from proof-of-work to proof-of-stake blockchain. However, this surge in staking activities has posed challenges, as revealed in a recent...

Ethereum’s price action has been relatively bearish in recent months, breaking below multiple support levels. However, investors can still be hopeful that an upward movement may be on the horizon. Technical Analysis By Edris The Daily Chart As depicted on the daily timeframe, the price recently tested the $1,750 resistance level but failed to break above it and was rejected to the downside. The 50-day moving average, located around the $1,650 mark, is currently providing...

The cryptocurrency market recently experienced a sudden surge in different assets, including Ethereum, which saw a significant spike. However, as the price approaches a significant resistance level, there is a possibility of it being rejected. By Shayan Upon analyzing the daily chart, it is evident that Ethereum experienced an extended consolidation phase near the $1.6K support level. Eventually, with increased buying interest, the price surged towards the 100 and 200-day...

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin...

Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereum’s liquid staking providers. In his recent blog post, Ethereum co-founder Vitalik Buterin shared his opinion on adding some protocols to the Ethereum blockchain code. He also touched upon the most important part which is the concentration of liquid staking service providers. Vitalik Buterin discussed several Ethereum protocols, including the account abstraction protocol ERC-4337, ZK-EVMs, private...

Just a few hours ago, the Ethereum founder deposited 400 ETH to Coinbase. With the price of ETH at $1,573.35 as of the time of writing, the value of the transfer amounts to an impressive $629,200. Ethereum co-founder Vitalik Buterin has recently been observed engaging in noteworthy transactions involving ETH, specifically directing substantial deposits to Coinbase. This development has sparked a myriad of conversations, speculations, and a quest to understand the motives behind such...