ethereum
Ethereum Is in Danger of Falling Below $2,800
Ethereum started a sharp decline from $3,000 against the US Dollar. ETH is struggling below $2,900 and might slide below the $2,800 level in the near term. Ethereum started a major decline after there was a clear move below $3,000. The price is now trading above $2,900 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,935 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay…
The total amount of ETH burned has surpassed the 2 million token benchmark, which is worth over $5 billion.
Since the London Hardfork went live in August last year, the Ethereum network and its underlying token have been operating as a deflationary protocol. (Read More) …
The Ethereum Foundation has announced $750,000 in grants to support ETH research.
The Ethereum Foundation has established a funding programme of $750,000 to encourage ETH research. The funds will be utilised to support university professors who are studying different aspects of the Ethereum blockchain and its applications.
Ethereum Price Forecast: ETH/USD Will Near $2500 Support
Ethereum Price Prediction – February 27 The Ethereum price prediction reveals that ETH approaches a crucial support level which could take the coin to the […] …
A New Crypto Security Solution Prevents Theft of Bitcoin and Other Digital Assets
When people evaluate the unpredictability of the cryptocurrency market, they can see why crypto security is so important. Online crypto wallets and exchanges have been hacked in large numbers in the last 24 months. “The value of cryptocurrency taken from victims climbed by 82% to $7.8 billion in 2021,” Chainalysis’ most recent Bitcoin Crime Report shows. Bitcoin, Ethereum, and other cryptocurrencies are increasing in value, and these findings demonstrate that cryptocurrencies operate in a chaotic environment that the traditional financial system ignores or refuses to recognize. Crypto Shield: For Crypto Security Because cryptocurrencies lack regulation, they cannot be insured by the Federal Deposit Insurance Corporation (FDIC) like regular bank deposits. Boost Insurance and its InsurTech partner Breach Insurance have introduced Crypto Shield, a cryptocurrency insurance solution. According to ZDNet, the service would be used whenever cryptocurrencies are stored through exchanges such as Coinbase or Binance in the United States and other countries. Total crypto market cap at $1.734 trillion in the daily chart | Source: TradingView.com Related Article | A Crypto War Is Raging – Crypto Donations Fuel Russia-Ukraine War Retail wallet owners may use Crypto Shield to protect their bitcoin against theft. People who Crypto Shield insures may be compensated for the value of their coverage if the custodian is hacked or falls victim to a social engineering attack, leading to the loss of assets. Crypto Shield, which became online on February 15, is primarily concerned with bitcoin theft and crypto security. Shield protects 20 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Tether, Solana, Dogecoin, and stablecoins. Bitcoin & Ether Latest Price Movement This week has started slowly for major cryptocurrencies. As February ends, both Bitcoin and Ethereum show negative patterns. Bitcoin is now valued at $39,398.04, with highs of $39,537.5 and lows of $35,000 for the month. It has increased…
TA: Ethereum Is On The Verge Of A Massive Comeback
Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong recovery wave if it clears the $2,700 and $2,700 resistance levels. Ethereum Price Faces Resistance Ethereum extended decline below the $2,550 level and tested the $2,500 zone. ETH formed a base above $2,500 and recently started an upside correction. There was a move above the $2,580 and $2,600 resistance levels. Ether even climbed above the 50% Fib retracement level of the key decline from the $2,750 swing high to $2,503 low. However, it is still trading below $2,700 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,660 level. It is near the 61.8% Fib retracement level of the key decline from the $2,750 swing high to $2,503 low. The main resistance is now forming near the $2,700 level and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD. A clear move above the $2,700 might start a steady increase. Source: ETHUSD on TradingView.com The next major resistance could be $2,750, above which the price could gain bullish momentum. In the stated case, the price could rise towards the $2,880 resistance zone. Fresh Decline in ETH? If ethereum fails to start a recovery wave above the $2,700 level, it could start another decline. An initial support on the…
Bearish Indicator: Ethereum Exchange Balances Reach Three-Month High
Ethereum had seen its balances on exchanges decline through 2021. This happened despite continuous market rallies that sent the digital asset towards all-time highs. Investors had accumulated all through bull rallies instead of trying to dump their coins, leading to reduced supply on centralized exchanges. This was also propelled forward by the growing popularity of DeFi. However, this trend is starting to reverse as exchange balances are now on the rise. Ethereum Exchange Balances Touch 3-Month High New on-chain reports have shown that Ethereum exchange balances are on the rise once more. After reaching one-year lows in 2021, exchange inflows have begun to pick up, seeing balances rise to three-month highs. Related Reading | Ruby on Rails Creator Backtracks As He Expresses Support For Crypto Data from Glassnode shows that this number is down by more than 700,000 ETH from its December lows. This metric which has been inversely correlated with the price of the digital asset has continued into the new year. Whereas exchange balances had plummeted as the cryptocurrency had seen its price surge, the same balances are growing with the current downtrend. 📈 #Ethereum $ETH Balance on Exchanges just reached a 3-month high of 14,715,388.749 ETH Previous 3-month high of 14,714,748.847 ETH was observed on 21 February 2022 View metric:https://t.co/1dCpD2ey8E pic.twitter.com/TQHqaM3OOi — glassnode alerts (@glassnodealerts) February 22, 2022 With the continuous decline of Ethereum, investors are starting to sell off their holdings to avoid losses. This has resulted in large inflows in exchanges. On February 21st, the number of ETH left on exchanges hit 14,714,748.847. If the trend continues, then more ETH may end up on centralized exchanges, which are more likely to be sold off by investors after a long stretch of accumulation. How ETH Has Reacted Ethereum has reacted as expected to this new metric. In…
TA: Ethereum Bears Keep Pushing, Why It Still Declining?
Ethereum extended decline below the $2,700 support against the US Dollar. ETH price is struggling and might even decline below the $2,500 support. Ethereum started a major decline below the $2,800 support level. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but the bears might remain active near $2,650 and $2,700. Ethereum Price Turns Red Ethereum failed to correct and recover above the $2,750 resistance zone. ETH settled below the $2,750 level and the 100 hourly simple moving average. As a result, there were additional losses below the $2,650 support. The price gained pace and even declined below $2,550. A low is formed near $2,511 and the price is now consolidating losses. An immediate resistance on the upside is near the $2,560 level. The 23.6% Fib retracement level of the recent decline from the $2,752 swing high to $2,511 low is also near the $2,560 level. The next major resistance is near the $2,650 level. Besides, the 50% Fib retracement level of the recent decline from the $2,752 swing high to $2,511 low is near the $2,650 level. The main resistance is now forming near the $2,720 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $2,700 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com A clear move above the $2,720 might start a steady increase. In the stated case, the price could rise towards $2,880 resistance zone or even $3,000. More Losses in ETH? If ethereum fails to start a recovery wave above the $2,650 level, it could start another decline. An initial support…
Short-term holders fuel volatility, and geopolitics panic markets, as BTC falls below $40,000.
With bitcoin trading mostly sideways during the weekend, without any major movement, the top cryptocurrency by market cap still fell under the important $40,000 mark.
The post BTC below 40k, short-term holders drive volatility while geopolitics spook markets appeared first on CryptoSlate. Source cryptoslate.com…
Bullish: Signals Suggest Ethereum Could Break Through $3,085
Ethereum has been on another decline along with the market. After struggling to cross $3,100, the digital asset had taken another beating down that saw it crash below $3,000 once again. However, this does not signal more downtrends. In fact, indicators point to the coming upside from Ethereum despite the recent trend, one that would see it test another important resistance point. Ethereum Crossing $3,000? It is no secret that Ethereum has largely fluctuated around $3,000. This price mark is important to the asset, hence the reason why bulls continue to battle hard to keep it. And as sentiment continues to move into the positive, the cryptocurrency is poised to be one of the top gainers from the coming rally. This will see it test a major resistance point before continuing on its upward trajectory. Related Reading | This Indicator Points To A Bitcoin Bottom, $50K Next Target? Although sell signals have continued to overpower buys for the digital asset, other aspects show growing bullish sentiment. A look at the 20-day moving average shows that Ethereum is currently trading above it. This is one of the signals that show how investors are looking at a digital asset in the long term and with ETH trading above this point, it shows that users are willing to purchase it at a higher price than they did over the last few weeks. ETH crumbles to $2,800 | Source: ETHUSD on TradingView.com For an asset like ETH, this could mean that a reversal is in the works for the cryptocurrency. After settling above its first support level of $2,780, $3,085 is naturally the next resistance point to test. Once broken, ETH could very well ride it until another test at $3,400, a more problematic bump for it to cross. ETH holders Thrown Into Profit More…
TA: Ethereum Near Make-or-Break Levels, Why ETH Could Extend Losses
Ethereum failed to clear the $3,200 resistance against the US Dollar. ETH price is declining and might retest the $2,960 support zone in the near term. Ethereum is struggling to clear the $3,190 and $3,200 resistance levels. The price is now trading above $3,050 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 3,050 support. Ethereum Price Reaches Key Support Ethereum attempted an upside break above the $3,200 resistance zone. However, ETH failed to gain momentum and formed a short-term top near the $3,196 level. Ether price corrected gains and traded below the $3,150 support. There was a move below the 23.6% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high. The price even declined below $3,120. However, it is still trading above $3,050 and the 100 hourly simple moving average. There is also a trading above $3,050 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,100 level. The first major resistance is near the $3,150 level. The main resistance is still near the $3,200 level. A successful close above $3,200 might start a steady increase. In the stated case, the price could rise towards $3,250. Any more gains might send the price towards the $3,320 level. Downside Break in ETH? If ethereum fails to start a fresh increase above $3,100 or $3,150, it could continue to move down. An initial support on the downside is near the $3,060 level, the 100 hourly simple moving average, and the trend line. The next major support is near the $3,020 level….
It’s possible that ETH will fall below $3,000?
Ethereum spiked towards $3,300 but failed to extend gains against the US Dollar. ETH price is correcting gains and there is a risk of a move below $3,030. Ethereum started a downside correction after it spiked above the $3,270 level. The price is now trading below $3,100 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,030 and $3,020 to avoid a downside break in the near term. Ethereum Price Remains At Risk Ethereum extended increase above the $3,200 level. ETH even climbed above the $3,250 level and the 100 hourly simple moving average. However, the bulls failed to gain strength above $3,250. A high was formed near $3,283 and the price started a fresh decline. There was a move below the $3,200 and $3,150 support levels. Besides, there was a break below a major bullish trend line with support near $3,140 on the hourly chart of ETH/USD. The pair settled below $3,100 and the 100 hourly simple moving average. It even spiked below the $3,030 support. A low is formed near $3,005 and the price is now consolidating losses. An immediate resistance is near the $3,080 level. It is near the 23.6% Fib retracement level of the recent decline from the $3,283 swing high to $3,005 low. The first major resistance is near the $3,120 level and the 100 hourly SMA. Source: ETHUSD on TradingView.com The main resistance is near the $3,150 level. It coincides with the 50% Fib retracement level of the recent decline from the $3,283 swing high to $3,005 low. A successful close above $3,150 might start another increase. In the stated case, the price could surpass the $3,220…
This Model Predicts a 4x Increase in Ethereum
Ethereum has experienced a market pullback following bitcoin recently. Although the market remains in a downtrend, the digital asset has been holding up quite nicely. Ethereum has been trending above $2,800, almost 50% down from its all-time high. But a model suggests that three is a 4x movement in the near future of the digital asset. Let’s take a look at this model. Ethereum To 4X? In a recent Twitter thread, a crypto investor known as Shaan Puri lays out the model that could drive Ethereum to four times its current price. It starts out by stating that the digital asset is currently undervalued by up to 4 times meaning that they expect the price to be much higher than it currently is. Related Reading | TA: Ethereum Recovers Losses, Why Bulls Face Major Challenge Pointing to a basis laid out by Ryan Allis, another crypto investor, Puri explains how the former’s model puts ETH at $10K. Instead of just going through “hopes and dreams” or the usual wider adoption argument, it uses three key attributes to put the cryptocurrency at such a high price. ETH recovers above $2,800 | Source: ETHUSD on TradingView.com The first of these is the revenue generated by the asset. As with many crypto projects, sending the tokens incur a fee on the part of the sender. This fee is then paid to the miner for providing the computational power required to confirm these transactions. Puri points out that in January alone, generated revenue from transaction fees was $1.3 billion, which are then split into the base and tip fee. With the implementation of the EIP-1559 last year, the ethereum fee burn was implemented. With time, more ETH is being burned than is being created, thus turning the digital asset deflationary. Google “ETH watch the burn”…
Ethereum Down Below support could lead to another sharp drop.
Ethereum failed to clear $2,800 and corrected gains against the US Dollar. ETH price must stay above the $2,600 support to avoid more downsides. Ethereum started a downside correction after it failed to surpass the $2,800 resistance. The price is now trading near $2,650 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $2,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major decline if there is a move below $2,645 and $2,600. Ethereum Price Dips Ethereum made another attempt to clear the $2,800 resistance zone. ETH formed a high near $2,814 and started a fresh decline. There was a clear move below the $2,750 support level. The price even spiked below the 50% Fib retracement level of the upward move from the $2,478 swing low to $2,815 high. It is now trading near $2,650 and the 100 hourly simple moving average. Besides, there was a test of the key $2,600 support level. Ether price stayed above the 61.8% Fib retracement level of the upward move from the $2,478 swing low to $2,815 high. There is also a crucial bullish trend line forming with support near $2,645 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $2,700 level. The first major resistance is near the $2,750 level. The main resistance for a larger increase is near the $2,800 level. A convincing move above the $2,800 resistance could stage a strong upward move. Source: ETHUSD on TradingView.com The next key resistance is near the $2,920 level, above which ether price might rise towards the $3,000 resistance zone in the near term. Downside Break in ETH? If ethereum fails to start a fresh increase above the $2,750 resistance, it could…
