Ethereum

Leading altcoin, Ethereum achieved a major milestone as its price touched the $500 mark for the first time in two years. Ethereum experienced a major surge in the early hours of the day and moved past the $500 barrier. There was a sharp correction for the altcoin, which retracted to $495 for a few hours. However, at the time of publication, Ethereum is valued at $505, an increase of 8.35% in the past 24 hours. The altcoin has also seen…

ETH 2.0 staking node requires Ethereum wallets to have a minimum of 32 ETH and according to data provided by Arcane Research and Nansen AI, the number of Ethereum wallets with the minimum number of tokens have increased by 13 percent in 2020. The cryptocurrency space is awaiting the TBD launch of Ethereum 2.0, while ETH buyers are accumulating tokens in anticipation of the update apparently in an attempt to claim the supposed staking nodes that will be important to ETH’s upgrade. The analytics…

Bitcoin halving has been successfully completed after being heavily publicized and the emergence of several speculations regarding its possible influence on accumulation. Accumulation rates of cryptocurrencies have been rising for some time now, even following the event that reduced Bitcoin supply. The top holder model of Santifeed monitored the largest addresses for each ERC-20 token and it was realized that they were either hodling or accumulating greater total supplies over time. That is, the result shows that the majority of the…

The performance of Ethereum has been remarkably below that of Bitcoin recently. At the moment, Bitcoin is trading close to its multi-month highs while Ethereum remains remarkably under its level seven days ago. Due to this weakness relative to Bitcoin, it is revealing certain moderate breakdown signals. Nevertheless, the bulls were firm in defending Ethereum’s key support close to $198. Currently, according to Analysts, Ethereum may be primed for a rally to its recent highs of over $230. This is…

ETH/USD Pair Price Analysis Over the previous few sessions, the ETH/USD pair has been performing within a wide range over $190. The pair tried severally to surge under the supports at $190 and $188, but could not make it happen. The pair was able to form the recent swing low close to $188 prior to regaining bullish momentum. It surged over $190 and the 100 hourly SMA. The buyers took the pair above the $195 barrier for a change in…

ETH/USD Pair Price Analysis The ETH/USD pair incurred bullish moves mostly over $190 in the previous few sessions. The pair is trying to gather momentum over the barrier zone between $198 and $200. A look at the downside on the pair’s hourly chart shows the formation of a robust support close to $194 and $195. An important observation is the formation of a major bullish trend line with support close to $194. A look at the upside reveals a critical…

ETH/USD Pair Price Analysis Yesterday, we mentioned the need for the ETH/USD pair to surge over the 100 hourly SMA to incur a new rally. The pair did not move below $170 and was able to surge over the 100 hourly simple moving average. The buyers took over thereby clearing some critical barriers close to $175 and $180. Further, a look at the hourly chart of the pair revealed that it was able to surge over a major bearish trend…

ETH/USD Pair Price Analysis The ETH/USD pair declined steadily from $185 in the previous few sessions. It continued beneath the key $175 support as well as the 100 hourly SMA. It was able to test the $165 support zone and it is now consolidating losses. A look at the upside on the pair’s hourly chart shows the first barrier close to $173 which is the recent breakdown area. The initial major resistance is close to $175 since it is near the…

ETH/USD Pair Price Analysis The ETH/USD pair incurred a steep increase over $165 and $175 barriers within the previous few days. The pair continued to the upside over $180 barrier and established itself over the 100 hourly SMA. It attained a fresh monthly high close to $188 prior to the beginning of a downside retracement. It incurred a retracement beneath $180, but the buyers defended the key $175 support zone. It appears that a powerful support base is being formed…