ethereum / 24 posts found
Ethereum Price Lost 20% Weekly, What’s The Key Support Now?
Cryptocurrency Ethereum price has witnessed a tough time lately, the altcoin logged heavy losses over the past one week. Broader market weakness could be blamed for the coin’s current price momentum. Bitcoin slid on its chart and was trading at $21,000 at the time of writing. Other altcoin also depreciated following BTC’s price action. Over the last 24 hours, Ethereum price fell by 4%. It has been a consistent downtrend after the coin lost the $2,000 price mark. The technical outlook for Ethereum price was also bearish as sellers had taken over at the time of writing. If selling momentum […]
Will Bitcoin and Ethereum Price Maintain The Bullish Trend In Coming Week?
Bitcoin The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving. The Bitcoin price, which was earlier struggling around $23,000, has reclaimed the $24,000 level and might close the weekend on a bullish note. However, the latest analysis has a different prediction. As per reports, Bitcoin (BTC) could find its bottom around $20,000. Capo, a popular crypto analyst took to Twitter saying “one last high to rekt early shorts.” Another trader named Jibon had a similar warning, as he advised his followers to wait and buy […]
This is When Ethereum (ETH) Price May Rise Above to Test the Upper Targets Close to its ATH
Cryptocurrency Ethereum price is soaring high displaying acute strength while the rise in the Bitcoin price is providing a substantial base. Further, while the star crypto remains undisturbed to some extent, the second largest asset may get a chance to propel high. However, the upcoming weekend may turn out to be pivotal as the price is expected to coil up as the sentiments are in favour of the ETH price. With the recent upswing that uplifted the entire crypto space moderately, the expectations of ETH price leading the next bull market hovers within the space. Therefore, the upper targets for […]
Ethereum (ETH) Leaving Exchanges at Rapid Rate This Week, While Bitcoin Moving in the Opposition Direction
On August 12, Lucas Outumuro, head of research at analytics firm ‘IntoTheBlock’ published weekly observations about the market. Lucas covered the last step of preparing Ethereum for the merge, its implications on Ethereum as well as staked ETH, and the upcoming ETHPow token. Lucas also evaluated the institutional demand for Bitcoin, by looking at the previous holding patterns and on-chain activity. According to Lucas, this week, Ethereum (ETH) is moving away from crypto exchanges at a rapid rate, while Bitcoin (BTC) moves in the opposite direction. Outumuro noted that Ethereum recorded nearly $1 billion in net outflows over the week, […]
Bitcoin, Ethereum Could Become Commodities Under New CFTC Bill
Cryptocurrency Key Takeaways A bipartisan group of senators on the Senate Agriculture Committee has put forward a new bill for identifying and classifying “digital commodities” that would place them under the jurisdiction of the Commodities Futures Trading Commission. The bill contains language that allows for some assets to be considered “digital securities,” but it explicitly classifies Bitcoin and Ethereum as commodities. Lawmakers and industry insiders alike have tended to favor CFTC purview over cryptocurrencies, with many startled by SEC chair Gary Gensler’s more aggressive stance toward the space. The bill from the Senate Agriculture Committee would place much of the […]
Altcoins Polygon(MATIC), Ethereum (ETH) & Ethereum Classic(ETC) Price May Explode in Coming Week!
Cryptocurrency Bitcoin and major altcoins witnessed a notable upswing in the past couple of days. Despite the current pullback, the asset maintains a decent strength and displays a tendency to regain bullish momentum. The bearish cartel is attempting very hard to restrict the rally but the assets appear to be poised to keep up the upward trajectory. Altcoins like Ethereum (ETH), Polygon (MATIC) and Ethereum Classic(ETC) are expected to thrive in the coming days. Ethereum (ETH) Price Ethereum price in the past couple of hours is strongly consolidating along the upper resistance levels including a couple of pullbacks and recovery. […]
Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report
Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green regardless of the news with market leaders Bitcoin and Ethereum both in double-digit gains. The total crypto market cap is also above $1.1 trillion at press time. Major alts like Solana are up in gains as well. Bitcoin stayed green on Thursday after the U.S. GDP report revealed negative numbers […]
Bitcoin, Ethereum in Critical Condition
Key Takeaways Bitcoin dropped below $28,000 over the past 12 hours. Meanwhile, Ethereum lost the $1,800 level as support. Further losses can be expected as selling pressure mounts. The crypto market sentiment went into “extreme fear” again after Bitcoin and Ethereum lost price support over the past 24 hours. On-chain data shows increasing selling pressure, which could lead to more significant losses. Bitcoin and Ethereum Spell Trouble Bitcoin and Ethereum look bound for significant losses after losing vital support areas. Nearly $300 million worth of long and short positions have been liquidated across the cryptocurrency market over the past 24 […]