Total value locked across decentralized finance-enabled smart contracts has dipped 35% from its peak.
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Total value locked across decentralized finance-enabled smart contracts has dipped 35% from its peak.
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The ETH/BTC exchange rate has surged by around 40% after bottoming out at 0.055 BTC. But the pair appears to be heading into a bull trap.
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A confluence of technical and fundamental indicators suggests that Ethereum could maintain its monthly bullish outlook despite the latest price correction.
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Wild price fluctuations are likely in the top two cryptocurrencies as both record a dramatic spike in their 30-day realized volatility charts.
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One key on-chain indicator provides a bearish outlook for Ethereum’s native token.
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday September 10th, the Ethereum price is trying to resume growth, generally trading around $182.65. On D1, Ethereum demonstrates the beginning of a pullback upon reaching 76.0% Fibo and forming a convergence. The first goal of the pullback may turn out to be $200.55, and the second one – $231.70. After the completion of the correctional phase, another wave of decline should be expected, breaking through $163.20 and reaching the key level of $100.03. The MACD dynamics suggest a short-term correction and the incomplete state of the uptrend. On H4, the quotations
The post Ethereum Price Analysis and Prediction for September 10th 2019 – ETH Tries To Grow appeared first on The Merkle Hash.
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After bottoming out at $168 last week, Ethereum price quickly rebounded and peaked at $184. After trading sideways for a day and testing the $180 support, ETH/USD played a bear trap by dipping to $176 then quickly rebounding to $180. Let’s take a look at today’s Ethereum news and see if the charts tell us anything. Ethereum News When it comes to Ethereum news, there are no big developments today. The Ethereum community is gearing up for the ETH 2.0 network update and will showcase some of its potential at Devcon in Germany November 19th-20th. The Ethereum Foundation put out
The post Ethereum Price Analysis and Prediction For September 9th 2019 – Bear Trap Successful appeared first on The Merkle Hash.
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The ETH is rising on Tue, Feb 19, trading at around $147.19. The ascending trend broke out the resistance and reached 76%, now the coin may bounce back to $137.20 in the short term, and then target the major high at $160.44. On H1, the Stochastic formed a black cross in the overbought territory, which signals a possible pullback with the targets at 23.60% ($141.20), 38.20% ($136.30), and 50% ($132.30) Fibo. In case the high at $149.28 gets broken out, the price is likely to hit the resistance at $157. This time, the
The post Ether to Have Dealt with the Major Crypto Issue appeared first on The Merkle Hash.
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After jumping 20% over the weekend from $100 to $120, Ethereum’s price is holding steady at the newfound support. As most cryptocurrencies are currently trading sideways Ethereum has joined the party as usual and is following the overall trend. The volume is picking up a bit which is definitely a good sign when it comes to the short term future of Ethereum’s price. Ethereum and XRP are still battling it out for the top second spot with ETH’s market cap currently in the lead by around $200m. As always, it’s important to keep in mind that XRP’s market cap that’s
The post Ethereum Price Analysis – Support Holding Steady at $120 appeared first on The Merkle Hash.
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