Tag: ETH

Ethereum Dragged Higher By Bitcoin But Can ETH Clear Hurdles?

boss

Ethereum price started a decent increase after Bitcoin gained momentum against the US dollar. ETH is rising and might test the key $1,750 resistance. Ethereum started a decent increase above the $1,650 resistance. The price is trading above $1,660 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb further higher, but it might face strong resistance near $1,750. Ethereum Price Reclaims $1,650 Ethereum stayed above the $1,550…

Ethereum ICO Participant Wakes Up After 8 Years, Moves $3 Million In ETH

boss

The Ethereum initial coin offering (ICO), which took place in 2014, represents one of the most significant events in the history of cryptocurrency. As the network had not begun generating tokens autonomously, the ICO event allowed early investors and enthusiasts to accumulate ETH, currently the second-largest cryptocurrency by market cap. Latest on-chain data shows that one of the ICO participants has become active for the first time in more than eight years, transferring their pre-mined stash of Ether tokens to different addresses on Saturday, October 21.  💤 A dormant pre-mine…

Real Reason Behind Ethereum Founder’s Massive ETH ‘Sales’ Exposed

boss

A crypto wallet owned by the Ethereum founder Vitalik Buterin has seen a series of transactional activities lately, piquing the interest of crypto community members at a time when Ethereum selling pressures are rising.  Following this, Buterin has taken the initiative to address the concerns regarding his recent transfer of digital assets to multiple exchanges.  Ethereum Co-Founder Discloses Truth Behind Multi-Transfers In a recent post on Warp Cast, a decentralized social network, Russian-Canadian computer programmer and founder of Ethereum, Vitalik Buterin publicized the real reason behind the latest ETH transfers…

Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

boss

Stock markets flashed green at the weekly open, and crypto prices followed. After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week. The risk-on sentiment could boost buying interest in select cryptocurrencies. One area where bullish activity is seen is the Grayscale Bitcoin Trust (GBTC). Grayscale’s legal victories have reduced the…

Ethereum losing streak vs. Bitcoin hits 15 months — Can ETH price reverse course?

The price of Ethereum’s native token, Ether (ETH), is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS). Will it continue to weaken for the remainder of 2023? Let’s take a closer look at the charts.  Ethereum price breaks below critical support vs. Bitcoin The ETH/BTC pair dropped to as low as 0.056 BTC earlier this week. In doing so, the pair broke below its 200-week exponential moving average (200-week EMA; the blue wave) near 0.058 BTC, raising downside risks further into 2023.…