Tag: Ethereum

Bitcoin extends correction as Ethereum sees ‘picture perfect’ rejection at all-time highs
Altcoins, Bitcoin

Bitcoin extends correction as Ethereum sees ‘picture perfect’ rejection at all-time highs

Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewETH all-time high? Blink and you'll miss itData from Cointelegraph Markets Pro and TradingView ETH/USD just match its record $4,380 on Bitstamp before seeing a harsh rejection.Traders watched in anticipation as Ethereum appeared to follow Bitcoin to historic new levels, only to face immediate resistance and fall sharply back into a lower range.We couldn’t even celebrate $ETH ATH for longer than 30 seconds Lmfao ruthless market makers— Johnny (@CryptoGodJohn) October 21, 2021Trader and analyst Rekt Capital called the event a "picture perfect rejection."At the time of writing, ETH/USD circled $4,150, preser...
Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry
Altcoins

Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry

Ether (ETH) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC).My bet is we will see an Ethereum Futures ETF before we see a physical Bitcoin ETF.— The Wolf Of All Streets (@scottmelker) October 20, 2021However disappointed Ether bulls might be, they are likely to score a $78 million profit on Oct. 22's options expiry. Bears were apparently caught off-guard as Ether accumulated a 35% gain month-to-date.Ether price at Bitstamp in USD. Source: TradingViewInvestor sentiment was also positively impacted by the pension fund for firefighters in Houston, which ann...
‘Free coin to everyone’ project aims to make 1B crypto owners in 2 years
Etherium

‘Free coin to everyone’ project aims to make 1B crypto owners in 2 years

Funded by crypto heavyweights, new crypto unicorn Worldcoin revealed its plan to let everyone claim free coins to accelerate global crypto adoption.Providing the global population with free cryptocurrency sounds like a moonshot project, but $25 million in backing from Andreessen Horowitz, Coinbase Ventures, 1confirmation, Blockchange and Day One Ventures, and a valuation of $1 billion adds some weight to the Worldcoin project. Co-founded by Alex Blania, Sam Altman and Max Novendstern, Worldcoin saw the participation of more than 100,000 people from around the world during its test period and aims to reach over a billion people within two years. For comparison, there are over 300 million crypto users worldwide as of 2021.Speaking to Cointelegraph, Worldcoin co-founder and CEO Alex Blania sa...
Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Bitcoin (BTC) surged to a new all-time high today, hitting close to $67,000. Ether (ETH) also broke above its immediate resistance and has started its march toward the all-time high. This pushed the total market capitalization of the crypto sector to a new all-time high above $2.64 trillion.The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund (BITO) acted as the trigger to boost sentiment in the crypto space. The ProShares’ ETF trading volume on the first day of the launch exceeded $1 billion, making it the second-most successful ETF debut based on the trading volume on day one.Daily cryptocurrency market performance. Source: Coin360A panel of 50 fintech industry specialists, commissioned by Finder, believes that strong on-chain fundamentals, a favorable macro envir...
Ethereum nears its own all-time high as ETH price retakes $4K
Bitcoin, Etherium

Ethereum nears its own all-time high as ETH price retakes $4K

Ethereum's native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level.Ethereum breaks $4,000, nearing new all-time highETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency's run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery.According to data provided by Crypto Watch, the 30-day correlation between Bitcoin and Ether came out to be 0.81. That shows an 81% linear positive correlation between the two assets.ETH/USD versus BTC/USD daily price action. Source: TradingViewAs a result, Bitcoin's ability to enter price discovery opens up similar prospects for Eth...
Ethereum price prediction: ETH looks to top resistance at $3,900
Analysis, Price Analysis - Top 10 Crypto

Ethereum price prediction: ETH looks to top resistance at $3,900

The cryptocurrency market cap is above $2.5 trillion as Bitcoin and other cryptocurrencies continue to rally in the fourth quarter The cryptocurrency market is having an excellent fourth quarter so far. Following the bearish trend in the second and third quarters, Bitcoin and the others are now back to making gains. Bitcoin is trading above the $63,000 level and could soon surpass its previous all-time high price above $64,400 if it maintains the current momentum. Ether has also been performing well, up by more than 10% over the past seven days. The second-largest cryptocurrency by market cap rose by 3.55% on Tuesday, following a 2.65% decline on Monday. The rally puts ETH firmly above the $3,800 level, allowing it to prepare for further upward movement in the coming hours and days. Ethere...
Price analysis 10/18: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 10/18: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

ProShares Bitcoin Strategy exchange-traded fund (ETF) will enter the history books on Oct. 19 when it starts trading on the New York Stock Exchange under the ticker BITO.Market participants are likely to watch the volumes on the ETF closely to gauge the amount of participation from institutional investors. If the response is tepid for a few days, short-term traders may be tempted to book profits, but the bullish momentum may pick up further if demand remains strong. Daily cryptocurrency market performance. Source: Coin360The latest CoinShares report for the week ending Oct. 17 shows that institutional inflows into crypto products have pushed the total assets held by institutional managers to a new record high of $72.3 billion. Of the total inflow of $80 million during the week, Bitcoi...
This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4
Bitcoin, Etherium

This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4

Ethereum's native token Ether (ETH) has rallied by more than 415% this year to over $3,800, and two major bullish patterns developing on its charts highlight the scope for another upside move, ultimately toward the $6,200–$6,500 price range.ETH price eyes $4K resistance breakoutThe first decisive break above the psychological $4,000-mark, which serves as a resistance trendline to a five-month-old ascending triangle and a cup and handle pattern, could trigger a textbook price rally in the coming sessions. In detail, the $6,250-level appears as the profit target for the Ascending Triangle pattern, calculated by measuring the widest distance between its horizontal and rising trendlines and adding the output to the potential breakout level around $4,000. ETH/USD daily price chart featurin...
How to modify or cancel a pending Ethereum transaction
Blockchain News

How to modify or cancel a pending Ethereum transaction

Ethereum is an open-source blockchain-based software platform with thousands of decentralized applications (DApps) that powers its native cryptocurrency, Ether (ETH), that can be sent and received globally without any third-party interference. First conceptualized in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum was designed as a platform for self-executing, permanent and immutable DApps with use cases varying from finance to gaming and art. DApps are often referred to as smart contracts which are Ethereum transaction protocols that automatically carry out certain functions and actions like transaction processing with predetermined conditions and agreements. Sending a transaction, canceling it, or resolving a pending Ethereum transaction are actions related to the functioni...
Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Bitcoin (BTC) rose within a few steps of $63,000 today for the first time since April 18. The recent surge in the price may have been caused after various documents pointed to the eventual approval of a futures-based BTC ETF by the United States Securities and Exchange Commission. According to these documents, the regulator may be close to green lighting the application to list Valkyrie’s Bitcoin Strategy exchange-traded fund ETF for listing on Nasdaq. Analysts pointed out that gold’s price had risen sharply leading up to the launch of the first U.S.-based gold ETF in 2004. Thereafter, the rally continued and gold’s price rose more than 300% since the ETF was approved, before forming a major top. The similarity between gold and Bitcoin being stores of value appear to have generat...