Bidya logo
  Crypto Coin Prices and News  

ETH Price   

Cap | Volume | High | Low | Old | New | Rare | Vs | Blockchains | Exchanges | Market | News | Dev News | Search | Watchlist
ETH

Ethereum  

#ETH Ξ

ETH Price:
$1,670
Volume:
$4.1 B
All Time High:
$4,861
Market Cap:
$204 B


Circulating Supply:
122,373,866
Exchanges:
303
Total Supply:
122,373,866
Markets:
4573
Max Supply:
Pairs:
2927



  ETH PRICE


The price of #ETH today is $1,670 USD.

The lowest ETH price for this period was $0, the highest was $1,670, and the current live price for one ETH coin is $1,670.14025.

The all-time high ETH coin price was $4,861.

Use our custom price calculator to see the hypothetical price of ETH with market cap of BTC or other crypto coins.


  ETH OVERVIEW


The code for Ethereum is #ETH, and the symbol for #ETH is Ξ.

Ethereum is 7.5 years old.


  ETH MARKET CAP


The current market capitalization for Ethereum is $204,381,518,886.

Ethereum is ranked #2 out of all coins, by market cap (and other factors).


  ETH VOLUME


There is a huge volume of trading today on #ETH.

Today's 24-hour trading volume across all exchanges for Ethereum is $4,140,950,355.


  ETH SUPPLY


The circulating supply of ETH is 122,373,866 coins, which is 100% of the total coin supply.


  ETH BLOCKCHAIN


ETH is the native coin for the Ethereum blockchain.

View the full list of Ethereum blockchain tokens.


  ETH EXCHANGES


ETH is well integrated with very many pairings with other cryptocurrencies and is listed on at least 303 crypto exchanges.

View #ETH trading pairs and crypto exchanges that currently support #ETH purchase.


  ETH RESOURCES


Websitewww.ethereum.org
Whitepapergithub.com/ethereum/wiki/wiki/White-Paper
Twitterethereum
Redditr/ethereum
DiscordCetY6Y4


  ETH NEWS


ETH Battles for $1.7K But Worrying Signs Appear, What's Next? (Ethereum ...

    As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable scenario. In this case, the $1800 resistance level and the higher boundary of the large symmetrical triangle could finally be tested in the coming days. A breakout above these levels would pave the way for a rally toward the crucial $2300 resistance area. On the contrary, in the event the price gets rejected to the downside, the 200-day and 50-day moving average lines, located around $1400 and the $1350 mark, would be considered the next potential support areas. Source: TradingView The 4-Hour Chart Looking at the 4-hour timeframe, the price hasn't been able to close above the last high around the $1650 resistance zone, but the bullish momentum suggests that it will do so soon. This aforementioned area is the last obstacle before the $1800 level, and the price's reaction to it would indicate what the mid-term holds for Ethereum. However, it should be mentioned that the RSI indicator is approaching the overbought area once more, pointing to a potential reversal in the short term. In case a pullback occurs, the $1500 support level could be counted on yet again to hold the price. Source: TradingView Sentiment Analysis ETH Taker Buy Sell Ratio... read More



Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start t...

    Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday's U.S. non-farm payrolls (NFP) report. Yesterday's report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits.Bitcoin Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high. Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of $23,279.96 earlier in Saturday's session. Today's decline sees bitcoin fall for a third straight day, and comes following Thursday's high of $24,262, which was BTC's highest point since early-August last year. As a result of recent declines, bitcoin's 14-day relative strength index (RSI) is now tracking at 68.41. This is marginally above a point of support at 68.00, which is a level that has not been broken since January 11. Should this floor fail to hold during today's session, bearish sentiment will likely continue to rise, pushing prices below $23,000 in the process. Ethereum On the other hand, ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process. ETH/USD hit a high of $1,670.70 to start the weekend, as the world's second largest cryptocurrency bounced away from Friday's low at $1,634.49. Following a surge to $1,714 on Thursday, which was the strongest point... read More



Ethereum Network's Rising Gas Fees in 2023: A Balancing Act of Growth an...

    Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum's price seeing significant growth this year, its network's gas fees have also seen a similar increase. As the demand for Ethereum's capabilities continues to soar, it remains to be seen if these rising fees will ultimately hinder its growth.Ethereum Gas Fees Continue to Increase With a value of $1,701 per coin reached on Thursday, Feb. 2, 2023, ethereum (ETH) has reached new heights, soaring to its highest value this year. However, despite the increase in ethereum's token value, the cost to send the cryptocurrency onchain has also risen. On Jan. 18, 2023, data from bitinfocharts.com showed an average transfer fee of 0.0029 ETH or $4.52 per transaction. Just 15 days later, the transfer fee had risen to 0.0031 ETH or $5.14 per transaction. The median fee for transactions was around $1.96 per transaction on Jan. 18, 2023, and jumped 20% to $2.36 per transaction on Feb. 3, 2023. The median fee to transfer ether is now 0.0014 ETH. Transacting on Opensea currently costs around $3.89, while a decentralized exchange (dex) swap costs around $10.02 per transaction. On the Ethereum network, the cost to transact with an ERC20 token such as USDT or USDC is around $2.94 per transfer on Feb. 3. Exploring L2 Alternatives: Ethereum Transactions vs. Optimism and Arbitrum Networks According to Dune Analytics data, the aver... read More



Crypto Price Analysis Feb-3: ETH, XRP, ADA, MATIC, and FTM

    This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This could also be because money is rotating between different altcoins.  Looking ahead, ETH will eventually break away from this range, and that will set the tone for where the price will go next. The current bias is neutral, and the indicators also give mixed signals. Chart by TradingView Ripple (XRP) Ripple has lost its bullish momentum and could not push higher in the past week. For this reason, the price is at a similar point as seven days ago. Nevertheless, XRP bulls defended the support at 40 cents and could attempt another rally later. The resistance is at 44 cents, and with the weekend approaching (characterized by lower volume), it is unlikely that this level will be tested. At best, XRP could continue to consolidate above the key support.  Looking ahead, it's more likely for the cryptocurrency to continue moving sideways. If the overall market remains bullish, then we could eventually see XRP attempt another rally toward 44 cents. Chart by TradingView Cardano (ADA) Cardano managed to s... read More



Bitcoin, Ethereum Technical Analysis: BTC Falls From Recent High, Ahead ...

    Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today's U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal report, which is expected to come in at 185,000. Ethereum was also in the red, giving up a five month peak in the process.Bitcoin Bitcoin (BTC) fell lower on Friday, as market volatility rose ahead of the latest U.S. non-farm payrolls (NFP) report. Following a high of $24,091.54 on Thursday, BTC/USD dropped to an intraday low of $23,390.38 earlier today. Friday's fall comes as BTC bulls were unable to sustain a breakout of a key resistance level at $24,000. One of the reasons behind this was the 14-day relative strength index (RSI), which also failed to break out of a recent ceiling at 74.00 As of writing this, the index is now tracking at 69.48, which is slightly above support level at the 68.00 mark. Should this floor fail to hold during today's session, then there is a strong chance that BTC will move below $23,000. Ethereum In addition to BTC, ethereum (ETH) also retreated from recent gains, with prices giving up a five month high. ETH/USD surged to a peak of $1,704.46 on Thursday, which was its highest point since September 13. However, with the NFP fast approaching, market momentum has marginally moved, with ETH falling to a low of $1,634.22 earlier in the day. Looking at the chart, the sell off also coincided with the RSI hove... read More



Ethereum Price Looks Ready For Another Leg Higher Over $1,700

    Ethereum is correcting gains from the $1,700 resistance against the US Dollar. ETH could again unless there is a downside break below the $1,600 support zone. Ethereum spiked above the $1,700 resistance zone before it corrected lower. The price is now trading above $1,620 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,605 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,600 support zone. Ethereum Price Remains Supported Ethereum price remained supported for more gains above the $1,650 level. ETH even cleared the $1,680 level and spiked above $1,700. It traded as high as $1,714 before there was a downside correction, similar to bitcoin. There was a break below the $1,680 and $1,665 levels. The price declined below the 23.6% Fib retracement level of the upward move from the $1,558 swing low to $1,714 high. However, the bulls are active near the $1,640 level. Ether price is now trading above $1,620 and the 100 hourly simple moving average. It is consolidating near the 50% Fib retracement level of the upward move from the $1,558 swing low to $1,714 high. There is also a key bullish trend line forming with support near $1,605 on the hourly chart of ETH/USD. An immediate resistance is near the $1,660 level. The next major resistance is near the $1,700 level. An upside break above the $1,700 resistance zone could spark a fresh increase. Source: ETHUSD on T... read More



ETH infrastructure platform Blocknative adds TX bundles, cancellation, a...

    Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. This market utility builds upon Blocknative’s reliable, real-time infrastructure that is systematically important to the Ethereum ecosystem. 'MEV bundle control is an important element of our block-building capabilities. As Ethereum evolves, we remain committed to providing real-time infrastructure that supports transparency, accessibility, and decentralization block by block. To reduce friction and facilitate adoption, we have prioritized ease of use by ensuring that our API-level implementation is cross-compatible with the broader builder ecosystem.” - Matt Cutler, CEO & Co-Founder of Blocknative Searchers can quickly add the Blocknative Builder to their bundle workflow. The bundle RPC endpoint uses direct payments instead of gas prices to make payments conditional on their transaction succeeding, thus avoiding having to pay for failed bids. With over 269,000 validators connected to the Blocknative Relay via MEV-Boost, searchers can use the Blocknative bundle RPC endpoint to increase their Builder reach and increase the likelihood that their bundles successfully get on-chain. Searchers can learn more here or interact with the RPC endpoint here. The post ETH infrastru... read More



Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $2...

    Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. On Wednesday, the central bank moved to increase rates by 25 basis points, while signaling that further hikes could be on the cards. Ethereum also rallied, with prices nearing $1,700. Bitcoin Bitcoin (BTC) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August. The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest policy meeting. As a result, BTC/USD rose to an intraday high of $24,167.21, less than 24-hours after it was trading at a low of $22,877.75. Thursday's surge saw the world's largest cryptocurrency climb to its strongest point since August 16, when prices reached a peak of $24,448. This took place as the 14-day relative strength index (RSI) moved away from a recent floor at 68.00, and is now tracking at 74.10. Should price strength continue on this course, a resistance level of 77.00 will likely be a target for current bulls. Ethereum Ethereum (ETH) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark. Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today's session. This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761. Looking at the chart, today's five-month high came as ETH broke out of its long-ter... read More



Ethereum Price Hits $1,700 and ETH Is Poised For More Upsides

    Ethereum is up over 5% and trading above $1,650 against the US Dollar. ETH could rise further if it clears the $1,700 resistance zone. Ethereum gained pace and rallied above the $1,660 resistance zone. The price is now trading above $1,650 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could more upsides if it clears the $1,700 resistance zone. Ethereum Price Gains Bullish Momentum Ethereum price found a strong support near the $1,550 zone. A base was formed and ETH price started a fresh increase above the $1,600 resistance zone, similar to bitcoin. There was a clear move above the $1,620 and $1,650 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $1,580 on the hourly chart of ETH/USD. A high is formed near $1,697 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent rally from the $1,558 swing low to $1,697 high. Ether price is now trading above $1,650 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,700 level. The next major resistance is near the $1,720 level. An upside break above the $1,720 resistance zone could spark anther steady increase. In the stated case, the price may perhaps rise towards the $1,800 resistance. Any more gains might send ether price towards th... read More



Bitcoin and Ethereum Whale Activities Plummets, Are Whales Getting Bored...

    Over the past few weeks, Bitcoin and Ethereum have moved significantly, initiating a bull run. While the rally seems to be nonstop, one thing worth noting is that the frontline cryptos seem to be lagging behind at the backend. On Tuesday, On-chain analysis platform Glassnode reported that whale participation on Bitcoin and Ethereum is fading away. The Bitcoin amount of supply last active for 3-5 years has recorded a two-year low. Glassnode added that total Ethereum wallets holding 10,000 ETH tokens and above have also plummeted to a 1 month low.  Bitcoin And Ethereum Whale Activities Drops As reported by Glassnode, Bitcoin’s 3-5-year supply had dropped to a two-year low, at 2,144,828.279 BTC, lower than its previous low, which was around 2,144,844.528 BTC. Ethereum whales have also followed suit. The number of wallets holding 10,000 ETH and more dropped to a one-month low of 1,194 ETH. The lowest level recorded before this figure was 1,195 ETH which was seen as of January 30, 2023. Following the Glassnode report, communities in the crypto market are beginning to wonder and suggest that whales might be getting bored. However, Bitcoin and Ethereum are part of the crypto assets that have gained significantly since the beginning of the year.  Bitcoin, in particular, after dropping by over 50% from its all-time high amid the crypto winter, is beginning to indicate a rebound as it has recently crossed the $23,000 mark. Similarly, Ethereum, after dropping nearly ... read More



Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead o...

    Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000.Bitcoin Bitcoin (BTC) was back above $23,000 in today's session, as traders turned their attention to this afternoon's FOMC meeting. After recording a low of $22,874.43 on Tuesday, BTC/USD moved to an intraday high of $23,225.02 earlier today. Today's move saw the world's largest cryptocurrency briefly move past an interim ceiling at the $23,200 level. However, with volatility today higher due to the Fed meeting, prices have since moved back below this point and are currently trading at $23,045.02. This took place as the 14-day relative strength index (RSI) continued to hover close to a floor at 68.00 As of writing, the index is tracking at 69.83, and could remain around this mark until after the Fed meeting concludes. Ethereum Ethereum (ETH) rose marginally higher on Wednesday, with prices moving closer to the $1,600 zone. ETH/USD rose to a peak of $1,598.52 earlier in the day, which comes following a move to a bottom at $1,569.04 the day prior. Like with bitcoin, ETH bulls were unable to push prices above resistance, with earlier momentum easing as of writing. From the chart, it appears that the shift in sentiment has come as the RSI was unable to move past... read More



Ethereum Zhejiang Staking Withdrawal Testnet for Shanghai Launching

    The Zhejiang public testnet is going live on Feb. 1 at 15.00 UTC, according to an Ethereum developer who posted the update on Jan. 31. The testnet will give users a first taste of the withdrawal process and network functionality after the Shanghai upgrade, which is slated for March. However, users won’t actually be able to test withdrawals until the Shanghai and Capella testnets are upgraded six days later. This initial phase is for testing deposits to validators and familiarizing with the user interface, then trial withdrawals will be enabled on Feb. 7, the developer said. The Zhejiang public testnet is going live tomorrow (1st of Feb 15:00 UTC, 2023). Shanghai+Capella will be triggered 6 days later (at epoch 1350). You will be able to deposit validators, practice BLS change and exit without risk. All links are here: https://t.co/XNlsDIG0cm pic.twitter.com/sKKDJmolt2 — Barnabas Busa (@BarnabasBusa) January 31, 2023 “The testnet is meant to mimic a chain that is post-merge. Therefore, the genesis state will be in a merged state,” stated the documentation. Ethereum Staking Latest The Ethereum Shanghai upgrade is one of the most highly-anticipated events on the crypto calendar this year. It will enable the phased release of ETH that has been staked on the Beacon Chain for as long as 26 months. Many industry observers have predicted that this will be a boon for Ethereum staking since it is no longer locked up. Liquid staking platforms such as Lido are l... read More



Ethereum Price Could Take-off If It Clears This Key Resistance Zone

    Ethereum is attempting a fresh increase above the $1,580 resistance against the US Dollar. ETH could gain bullish momentum if it clears the $1,610 resistance zone. Ethereum is slowly moving higher from the $1,530 support zone. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key rising channel forming with support at $1,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase if there is a clear move above the $1,610 resistance. Ethereum Price Faces Resistance Ethereum price extended its decline below the $1,600 support zone. However, ETH bulls were active near the $1,550 level. A low was formed near $1,530 before the price started a decent increase, similar to bitcoin. There was a break above the $1,565 and $1,580 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $1,660 swing high to $1,530 low. It even spiked above the $1,595 resistance and the 100 hourly simple moving average. Ether price is now facing a strong resistance near the $1,600 zone and trading below the 100 hourly simple moving average. There is also a key rising channel forming with support at $1,575 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,595 level. It is close to the 50% Fib retracement level of the downward wave from the $1,660 swing high to $1,530 low. The next major resistance is near the $1,610 level. An upside br... read More



Total Ethereum (ETH) Staked On Lido Finance Reaches New Milestone

    Ever since Ethereum transitioned to a proof of stake (PoS) consensus mechanism, the popularity of liquid staking protocols such as Lido Finance and total ETH staked has increased over time. According to the latest update, the total ETH stake in one of the widely used staking protocols, Lido finance, has set a new milestone.  This spike precedes the soon-to-launch Shangai update that would finally allow Ethereum stakers to withdraw their staked coins. As reported by on-chain's analytics platform, IntoTheBlock, the total amount of ETH staked has reached $5 million. Overall, more than 16 million in ETH worth $25.6 billion at the time of writing have been deposited into Ethereum's Beacon Chain staking contract, indicating the rapid adoption of the Ethereum network.  Ethereum Staking Withdrawal Testnet To Go Live Feb. 1 While the total ETH staked has only continued to increase, Ethereum developers also seem to be working so hard to enable the withdrawal of the ETH staked. According to an update from Parithosh Jayanthi, an Ethereum Foundation developer, the first public withdrawals testnet, dubbed the ‘Zhejiang public testnet, ’ is set to launch as soon as on February 1 at 3:00 pm UTC. The Shanghai and Capella testnets will be triggered at epoch 1350 six days after the Zhejiang launch: You can attempt to convert 0x00 credentials to 0x01 and set a withdrawal address. You can test partial and full withdrawals by exiting your validator. This is also a great oppo... read More



Ethereum to Reach Peak of $2,474 Per Token in 2023, Finder's Survey of C...

    Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin's year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum, the second-largest crypto asset in terms of market capitalization. Finder specialists believe ethereum will reach a peak of $2,474 per token this year and end the year at $2,184 per unit.24% of Panelists Believe Ethereum Will Surpass Bitcoin by 2025, Finder Survey Shows This week, finder.com, a product comparison website, published a report that surveyed 56 fintech and cryptocurrency specialists to gauge their predictions for ethereum (ETH) prices this year. ETH experienced a challenging year in 2022, similar to most digital currencies in the crypto economy, but prices have picked up in the first month of 2023. Thirty-day statistics show ETH has risen more than 32% against the U.S. dollar and is now just below the $1,600 per unit range. Finder's experts believe ETH will end the year at $2,184 per unit and reach a peak of $2,474 per token at some point in 2023. Similar to the bitcoin prediction report published last week, Finder's specialists expect ETH to drop to a significant low against the greenback. The panelists suspect ETH could hit a low of $984 this year. Ben Ritchie, managing director at Digital Capital Management, expects ETH to end the year at $2,500 per coin but also noted tha... read More



Ethereum Reaches Critical Inflection Point Against Bitcoin: What Happens...

    Ethereum and Bitcoin represent the number two and one cryptocurrencies by market cap, respectively. The two top coins tend to move in tandem, with Ether gaining the slight edge performance-wise when the crypto market turns bullish. That hasn't recently been the case, causing the ETHBTC trading pair to reach a precarious inflection point that could cause further discrepancy between the two crypto giants. Here is a closer look at what could happen next. The History Of Ethereum Outperforming Bitcoin Could Be At Stake Ethereum price has been relatively muted compared to its typical outperformance over Bitcoin when the crypto market turns bullish. Since the beginning of 2020, the crypto market has been mostly leaning in Ether's favor. The overperformance of the Etheruem side of the ETHBTC trading pair can be seen in the chart below. The same chart also depicts two converging, long-term trend lines taking the two cryptocurrencies to an unusual inflection point. The longer of the two trend lines dates back to the launch of Ethereum. From the lowest touch of the trend line to where the upper trend line formed, ETH grew 9000% against BTC. From the top trend line to the bottom, ETH fell 89% against BTC in a shocking twist of fate. From the second lower trend line touch to the second upper trend line touch, ETH rose another 290% against BTC. Since then, the pair have been in consolidation as the two trend lines narrow further, converging into an apex. When highly volatile assets tigh... read More



Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, Ahead of Key Week ...

    Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today.Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today's session. BTC/USD fell to a low of $22,657.58 earlier in the day, less than 24 hours after hitting a high at $23,296.53. The move comes as traders appear to have secured gains from recent surges in price, and ahead of the upcoming Federal Reserve policy decision. As can be seen from the chart, today's drop saw BTC move closer to a price floor at $22,500, with the relative strength index (RSI) hitting a floor of its own. Currently, the index is now tracking at 68.78, which is marginally above its long-term support point at 68.00. Although a ceiling of 77.00 could be the target for bulls who rejected an earlier breakout, it is likely that prices could consolidate until the dust settles from this week's fundamentals. Ethereum In addition to BTC, ethereum (ETH) was also in the red in today's session, with prices falling further below $1,600. Following a high of $1,595.86 to start the week, ETH/USD slipped to an intraday bottom of $1,546.66 on Tuesday. Since hitting... read More



Ethereum Price Won't Go Down Quietly: Key Supports To Watch

    Ethereum started another downside correction below $1,600 against the US Dollar. ETH is trading above $1,550, but it might face resistance near $1,600. Ethereum is correcting gains from the $1,650 and $1,660 levels. The price is now trading below $1,620 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support at $1,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase if there is a clear move above the $1,600 resistance. Ethereum Price Starts Correction Ethereum price made another attempt to clear the $1,660 resistance zone. However, ETH failed to surpass the $1,660 and started a downside correction, similar to bitcoin. There was a move below the $1,640 and $1,620 support levels. There was also a break below a major bullish trend line with support at $1,575 on the hourly chart of ETH/USD. The pair even spiked below the $1,550 level and traded as low as $1,530. Ether price is now trading below $1,620 and the 100 hourly simple moving average. There was a minor recovery wave above the $1,550 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,659 swing high to $1,530 low. An immediate resistance is near the $1,580 level. The next major resistance is near the $1,600 level and the 100 hourly simple moving average. It is close to the 50% Fib retracement level of the downward move from the $1,659 swing high to $1,530 low. Source: ETHUSD on Tradi... read More



Ethereum Classic's Hashrate and Price Trend Lower After Ethereum PoW to ...

    Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic's hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network's hashrate has decreased significantly as 44.33% of it has been lost over the last 134 days.Ethereum Classic Loses Luster After The Merge Ethereum Classic (ETC) was the center of attention just before Ethereum's (ETH) big transition, but has since lost its PoW dance partner. Since Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum Classic (ETC) network has seen an increase in hashrate. On Jan. 17, 2022, ETC had 23.87 terahash per second (TH/s) of hashrate. As of Jan. 30, 2023, over a year later, Ethereum Classic has a total of 119.32 TH/s in hashrate, a 399% increase in 12 months. However, 134 days ago, ETC's computational power was more than 44% higher. ETC's price and hashrate both saw a significant increase on Sept. 15, 2022, the day of the Ethereum transition from proof-of-work (PoW) to proof-of-stake (PoS). On that day, ethereum classic (ETC) was valued at around $35.81 per coin, after reaching $39 per unit the day prior. Ethereum Classic's price was on fire at the time, but it has since cooled off like a wet campfire. As of Jan. 30, 2023, ETC is trading at $22.98 per unit, a decrease of 35.82% from its value after the transition. Archive.org record... read More



Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weeken...

    Bitcoin started the week trading near a five-month high, as prices consolidated the weekend's gains. Prices rose close to $24,000 on Sunday, following a breakout of a key resistance level. Ethereum fell back below $1,600 on Monday, after moving to a one-week high during yesterday's session.Bitcoin Bitcoin (BTC) remained near a five-month high on Monday, following a strong rally towards $24,000 over the weekend. Following a high of $23,919.89 on Sunday, BTC/USD fell to a low of $23,166.83 to start the week. Sunday's surge saw BTC bulls push prices to their strongest point since August 26, however these same traders have already begun to retreat. Looking at the chart, the decline commenced following a failed breakout of a ceiling at 85.00 on the 14-day relative strength index (RSI). As of writing, the index is now tracking at 72.19, with a floor at 65.00 the only current visible target for bears. Should this zone be hit, it is highly likely that BTC will be trading close to a support point at $22,500. Ethereum Ethereum (ETH) also edged lower to start the week, as sentiment shifted following a breakout of the $1,600 level ETH/USD slipped to a bottom of $1,582.18 earlier in the day, as bulls were unable to sustain Sunday's high at $1,653.73. Yesterday's peak saw the world's second largest cryptocurrency climb to its strongest point in one week, however traders used this as an ideal moment to secure recent gains. The move saw ethereum marginally break out above a ceiling at $1,... read More



Ethereum Price Hints At Potential Rally But This Resistance Is The Key

    Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone. Ethereum is slowly moving higher above the $1,600 and $1,620 levels. The price is now trading above $1,620 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if there is a clear move above the $1,665 resistance zone. Ethereum Price Starts Increase Ethereum price remained well bid above the $1,550 level. ETH formed a base and started a fresh increase above the $1,600 resistance zone. There was a clear move above the $1,620 resistance, similar to bitcoin. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD. The bulls were able to pump the price above the $1,640 resistance. A high is formed near $1,658 and the price is now consolidating gains. Ether price is now trading above $1,620 and the 100 hourly simple moving average. It is trading near the 23.6% Fib retracement level of the upward move from the $1,557 swing low to $1,658 high. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,655 level. The next major resistance is near the $1,665 level. An upside break above the $1,665 resistance zone could start a decent increase. In the stated case, the price may perhaps rise towards the $1,720 resistance. A... read More



Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start t...

    Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start the day.Bitcoin Bitcoin (BTC) remained close to the $23,000 level on Saturday, as markets continued to react to Friday's U.S. personal consumption data. Following a high of $23,417.72 late on Friday, BTC/USD fell to an intraday low of $22,880.60 earlier in the day. This came as bitcoin was once again unable to break out of a key resistance level at $23,500, leading to a resurgence of bearish sentiment. In addition to this, the 14-day relative strength index (RSI) has dropped below the 80.00 mark, and looks to be headed for a floor at 76.00 Should momentum continue in a downward direction, it is likely that BTC will collide with a floor at $22,400. Currently, the index is tracking at 78.59, with BTC/USD trading at $22,930.60. Ethereum After a brief stint moving back above $1,600 late on Friday, ethereum (ETH) started the weekend once again below this level. ETH/USD dropped to a bottom of $1,568.69 on Saturday, less than a day after hitting a peak of $1,617.00. Volatility in ethereum has been heightened in recent days, following a failed breakout attempt of the $1,645 level earlier this week. Following weeks of being overbought, price strength has begun to decline, with the 14-day... read More



Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US C...

    Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming consumer sentiment figures from the United States. Following a move to a five-month high on Thursday, prices were once again below $23,000. Ethereum also slipped, moving below $1,600 in the process.Bitcoin Bitcoin (BTC) fell back below $23,000 on Friday, as markets consolidated ahead of U.S. consumer sentiment data. BTC/USD slipped to a bottom of $22,654.59 earlier in today's session, less than 24 hours after hitting a high of $23,215.00. The drop came ahead of this afternoon's U.S. consumer sentiment report, which is expected to come in at a reading of 64.6. As can be seen from the chart, the relative strength index (RSI) also edged closer to a floor of 78.00, leading to a slight shift in momentum. The 10-day (red) moving average continues to move in an upward direction, however should the index move below 78.00, this trend will likely reverse. Currently, the index is tracking at 79.64, with BTC/USD trading at $22,965.60. Ethereum There was a slight shift in sentiment in ethereum (ETH), with prices moving below $1,600 during today's session. Following a high of $1,619.45 on Thursday, ETH/USD dropped to an intraday low of $1,565.25 earlier in the day. Today's move came as the world's second largest cryptocurrency was unable to break out of a resistance level of $1,640 on Wednesday. Since this time, prices have moved to lower lows in back-to-back sessions, with ethereum's RSI also dropping b... read More



Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB

    This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin. Ethereum (ETH) Ethereum's rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears imminent. Considering the above, it is hard to expect buyers to hold onto the price in the near term as a pullback and correction seem more likely. At best, buyers can aim to defend the key support levels at $1,550 and $1,400. Looking ahead, ETH may enter a low volatility period after such a steep rally. This could turn out to be bullish as long as buyers don't allow the price to fall too low, allowing them to set up a good foundation for the next push higher. Chart by TradingView Ripple (XRP) XRP is found in a similar situation to Ethereum. Its price booked a 4% increase in the past week, but the momentum from the bulls appears to be fading. It appears that market participants are more interested in testing the key support at 40 cents as opposed to challenging the resistance at 44 cents. If buyers fail to hold at $0.40 cents, then this cryptocurrency could quickly fall lower toward the next level of support at $0.36. That would also turn the market sentiment bearish for XRP. Looking ahead, the volatility will likely increase when the levels of support are reached. This means that it's important to remain very cautious. Chart by TradingView Cardano (ADA) Carda... read More



Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Ethereum struggled once again to clear the $1,640 resistance against the US Dollar. ETH is correcting lower and remains at a risk of a move below the $1,550 support. Ethereum is slowly moving lower below the $1,620 and $1,600 levels. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a clear move below the $1,550 support. Ethereum Price Dips Again Ethereum price started a decent increase above the $1,600 pivot level. ETH attempted a fresh upside break above the $1,640 resistance zone, but the bears protected more upsides. A high was formed near $1,639 and the price started a downside correction. There was a move below the $1,600 level and the 100 hourly simple moving average. The price declined below the 50% Fib retracement level of the recent leg from the $1,518 swing low to $1,639 high. However, the bulls were active near the $1,550 support zone. The price stayed above the 61.8% Fib retracement level of the recent leg from the $1,518 swing low to $1,639 high. Ether price is now trading below $1,600 and the 100 hourly simple moving average. An immediate resistance is near the $1,590 level. There is also a key contracting triangle forming with resistance near $1,590 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The next major resistance is near the $1,6... read More



Ethereum Hovers Above $1,600, What's The Next Move?

    The general crypto market has increased in market cap in 24 hours, up by 2.89%. Ethereum (ETH), the second-largest crypto project, is also trading in the green in the same time period. Despite being so early in 2023, ETH has recorded significant price gains in the crypto market. Ethereum is still off its all-time high value, but its price shows resilience with the current upsurge.  What Is Driving Ethereum’s Rally? The recent gains recorded could be attributed to the notable projects hosted on the Ethereum network. The Ethereum blockchain remains the most popular blockchain for NFTs. The blockchain is also the pioneer of smart contracts, which is now the widely adopted technology in crypto. These smart contracts enable crypto users to interact seamlessly and securely on the blockchain. Ethereum Name Service (ENS) is one of the innovations on the Ethereum network. ENS is a distributed naming system that helps to shorten a cryptocurrency address by assigning readable names to eliminate confusion. Also, ETH is the second-largest cryptocurrency project by market cap and the first altcoin. Its innovative proof-of-stake system is more energy efficient and attracts increased participation from the crypto community. The network is renowned as a developer’s hub with numerous Web3 and Metaverse projects.  What Next For Ethereum As It Crosses $1,600? ETH recovered from the general market pullback yesterday, trading at $1,605, an increase of 3.81%. The candlestic... read More



Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following T...

    Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla's quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was also higher, as prices were back above $1,600, rebounding from recent losses in the process.Bitcoin Bitcoin (BTC) moved to a fresh five-month high earlier in the session, as markets reacted to Tesla's latest quarterly earnings report. The report, which was released after yesterday's closing bell, showed that the electric vehicle maker did not sell any of its bitcoin. Following the news, BTC/USD raced to a high of $23,722.10, hitting its strongest point since August 17 in the process. Looking at the chart, the move saw BTC once again break out of a ceiling at $23,500, and this comes after colliding with a floor at $22,500. Earlier gains have somewhat eased, with the 14-day relative strength index (RSI) back in overbought territory. As of writing, the index is tracking at 80.77, with a support point at 78.00 the next visible target. Ethereum Ethereum (ETH) also rebounded in today's session, with prices moving back above the $1,600 level. ETH/USD, which slipped to a bottom of $1,535.00 on Wednesday, raced to a peak of $1,632.24 later in the day, following Tesla's earnings call. As a result of the move, the world's second largest cryptocurrency rose past its recent resistance point at $1,600. Like with BTC, previous bulls have somewhat abandoned their positions, opting to take profit... read More



Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Ethereum corrected lower sharply and tested $1,500 against the US Dollar. ETH started a fresh increase and is now trading above the $1,600 pivot level. Ethereum is gaining pace above the $1,580 and $1,600 levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if it stays above the $1,600 and $1,580 support levels. Ethereum Price Restarts Increase Ethereum price started a sharp downside correction below the $1,600 level. ETH even declined below the $1,550 support zone and the 100 hourly simple moving average. However, the bulls were active near the $1,520 support zone. A low as formed near $1,518 and the price started a sharp increase, similar to bitcoin. There was a steady increase above the $1,550 and $1,580 resistance levels. The bulls even pushed it above the $1,600 level. Besides, there was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD. Ether price is now trading above $1,600 and the 100 hourly simple moving average. A high is formed near $1,639 and the price is consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $1,518 swing low to $1,639 high. An immediate resistance is near the $1,640 level. The next major resistance is near the $1,665 level. Source: ETHUSD on TradingView.com... read More



How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with ...

    Ethereum Liquid Staking tokens are going through the roof. Lido is up 150% in a month, similarly Frax Shares, while other protocols, such as Rocket Pool, are also catching up.  But that's not all. NFTs are also seeing massive volumes for multiple consecutive weeks, showing little signs of slowing down. The question now is for how long this positive trend will sustain - is it a dead cat bounce or the beginning of a much-awaited recovery? To help us crunch the numbers and interpret some of the on-chain data is Martin Lee - a Data Journalist from the popular cryptocurrency analytics firm Nansen. Liquid Staking Coins Trend Upwards, but for How Long? Ethereum LSD, or liquid staking derivative coins, have been the hottest story of 2023 so far, with many of the protocols seeing tremendous growth in the value locked and, by extension - popularity. To those unfamiliar with the concept, we have a comprehensive guide on Ethereum liquid staking.  As opposed to staking directly into the Beacon depositor contract, LSD protocols allow users to stake their ETH and receive a synthetic version of it - a new token, per se - that can then be used across various DeFi applications to trade, farm, provide liquidity, and so forth. Speaking on the matter, Lee outlined two major advantages that, according to him, are part of the reasons why the narrative has grown so strong. For instance, h outlined that staking ETH directly into the smart contract is 'really capital inefficient' because of... read More



Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,600 as Relative...

    Ethereum moved below $1,600 on Jan. 25, with bears selling previously overbought cryptocurrencies. After days of uncertainty, sentiment shifted in crypto markets, with a red wave washing away recent bulls. Bitcoin also dropped below $23,000 as a result of today's sell-off.Bitcoin Bitcoin (BTC) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets. Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today's session. As a result of today's drop in price, bitcoin fell to its weakest point since Sunday, breaking out of a floor at $22,500 in the process. Looking at the chart, the drop came as the 14-day relative strength index (RSI) fell to its lowest level since last Thursday. At the time of writing, the index is tracking at a level of 79.93, which comes less than 24 hours after hovering at 85.09. Since its earlier breakout, the world's largest cryptocurrency has somewhat rebounded, and is currently trading at $22,614.62. Ethereum Sentiment in ethereum (ETH) also shifted on Wednesday, with prices falling below a recent support point at $1,600. ETH/USD slipped to a bottom of $1,530.80 on Wednesday, following a peak of $1,630.47 during Tuesday's session. Since breaking out of its $1,600 floor, ethereum appears to be heading towards a lower level of support at $1,500. Like with bitcoin, today's red wave comes as bears have finally opted to reenter the market, as a result of prices being overbought... read More



More Ethereum (#ETH) News

ETH vs USDD | A-Z | Topics | ISO 20022


Privacy | Terms | Contact | Powered By LiveCoinWatch


bidya