Surge or purge? Why the Merge may not save Ethereum price from ‘Septembear’
Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge. Go to Source Powered by WPeMatico
Ethereum
Auto Added by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday
Following a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend. The decline comes as momentum surrounding yesterday’s nonfarm payrolls report faded. Bitcoin moved closer to its support point of $20,500, while ethereum was trading close to its floor of $1,550. Bitcoin Bitcoin (BTC) was back … Read more
Price analysis 9/2: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Bitcoin and select altcoins continue to face selling at higher levels, which is proof that investor sentiment remains negative as traders continue to sell on rallies. Go to Source Powered by WPeMatico
Ethereum Outperforms Bitcoin as ETH Rises Above $1,600 While BTC Remains at $20K
After dipping below the $20k range yesterday, Bitcoin regained support this Friday. On the other hand, Ethereum continues to outperform Bitcoin in terms of price action, as the cryptocurrency gained 4% in the past 24 hours, rising above the $1,600 level. The upcoming network merge for ETH is nearing and is the primary reason for … Read more
Bitcoin, Ethereum Technical Analysis: ETH Surges, Following Latest Jobs Report
Ethereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. Figures released today showed that 315,000 jobs were added to the U.S. economy, better than the 300,000 expected. Bitcoin was marginally higher, as the token continued to trade above $20,000. Bitcoin Bitcoin (BTC) was trading above $20,000 on … Read more
Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged
On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic’s global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday. Despite the fact that the network’s hashrate has risen a great deal, Ethereum’s hashrate remains relatively unchanged with just over 1,000 TH/s dedicated … Read more
Bitcoin Price Dips Below $20K, Ethereum’s Upcoming Network Merge Keeps ETHUSD Above $1,500
After sideways trading through most of this week, Bitcoin dipped below the $20k level today while Ethereum managed to keep support at $1,500. With September being a historically weak month, BTCUSD is struggling this week, down over 8% in the past 24 hours. Ethereum is also showing signs of weakness ahead of the merge, down … Read more
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $20K Ahead of Friday’s NFP Report
Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region. Bitcoin Bitcoin (BTC) briefly fell below $20,000 on Thursday, as … Read more
L2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration
The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput. Arbitrum Developers Implement Nitro Update The Offchain Labs-managed L2 Ethereum scaling solution Arbitrum, told fellow Arbinauts (the … Read more
Price analysis 8/31: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Bitcoin’s technical setup leans toward additional downside, leading some traders to exit altcoins which are struggling at overhead resistance levels. Go to Source Powered by WPeMatico