Despite Its Success, Ethereum Doesn’t Get Media Attention It Deserves

Ethereum’s perception in the media has been on a roller-coaster ride since its inception in 2015, but the blockchain and its native Ether (ETH) cryptocurrency are clearly still seen as being in second place behind Bitcoin (BTC). While Bitcoin rose to fame due to the notorious Silk Road darknet marketplace and its price climax of $20,000 back in 2017, Ethereum has had fewer notable interactions with the mainstream media, even though some might reference how it enabled the initial-coin-offering craze and made trading virtual cats a worthwhile pastime. Vitalik Buterin…

Five Years Later, the Ethereum DApp Ecosystem Looks Exactly as Predicted

Ethereum’s fifth anniversary from the mainnet launch is upon us, marking an important milestone in the long history of the first smart contract platform to reach significant adoption. Following the initial coin offering mania, today’s main narrative behind Ethereum is decentralized finance, an ecosystem that seeks to recreate the financial system from scratch on the blockchain. Ever since Ethereum’s founding, the application layer has been at the center of its value proposition. In a 2014 interview, Ethereum’s co-founder Vitalik Buterin illustrated that Ethereum is not just about the Ether currency,…

Ethereum Is the Best-Performing Asset Class of 2020

The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari. The data provides an overview of the 178 assets that currently exist on Ethereum, totaling a combined market capitalization of $63.7 billion — just shy of 20% of the entire crypto capitalization. Including stablecoins, 124 of the assets have posted a YTD gain, meaning that 70% of Ethereum-based tokens have increased in value despite the shocks felt across the global economy amid the COVID-19 pandemic. 70%…

Ethereum Above $325 Could Trigger A Fresh Rally Towards $350

Ethereum is currently consolidating gains above the $307 and $310 support levels against the US Dollar. ETH price must surpass the $325 resistance zone to trigger a fresh rally. Ethereum is holding a couple of important supports above the $307 and $310 levels. The price is facing a crucial resistance near the $322 and $325 levels, but it is above the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $321 on the hourly chart of ETH/USD (data feed via Kraken). The pair must…

5 Years of Ethereum Network Updates, Delays and Changes

Five years ago to the month, a massive crypto project launched, forever changing the landscape of the crypto and blockchain space. Since its 2015 opening day in July, Ethereum has undergone a number of planned changes. The project’s recent move into proof-of-stake, or PoS, has faced a number of delays.  Ethereum launches in 2015 On July 28, 2015, Ethereum unveiled details showing an expected launch for Frontier, the network’s inaugural framework, between July 29 and July 30. The project started up on July 30, as planned. By February of the…

Ethereum Correcting Gains But 100 SMA Could Trigger Fresh Increase

Ethereum started a downside correction from the $335 swing high against the US Dollar. ETH price is currently approaching a major support zone near $305 and the 100 hourly SMA. Ethereum is losing bullish momentum and it is now trading below $320. The price is likely to find a strong buying interest near $305 or the 100 hourly simple moving average. There was a break below a key ascending channel with support near $318 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the…

Developers Release Validator Launchpad for Ethereum 2.0 Final Testnet

With the Ethereum 2.0 final testnet set to be released on August 4, developers have now opened the doors to validators. According to a July 27 Ethereum blog, the research team behind ETH 2.0 has announced the release of the validator launchpad for the multi-client testnet Medalla. The launchpad is part of the testnet launch stage, prior to Phase 0, in which the network will move towards Proof-of-Stake (PoS).  “We’re releasing it now so that you can keep track of, and make deposits into, the upcoming Medalla multi-client testnet,” the…

This Data Metric Shows Ethereum is at a Make or Break Price Level

Ethereum’s price has been driven higher by a massive influx of buying pressure seen throughout the past several days. The intensity of its uptrend has even been enough to drive Bitcoin’s price higher as well, with the benchmark cryptocurrency flying past its $10,000 resistance level yesterday shortly after Ethereum was able to rally up to $320. The cryptocurrency has since stabilized around this price level as buyers attempt to garner greater support. Analysts are now convinced that further upside is imminent for ETH, as the technical strength created by its…

Why Ethereum is Poised for a Pullback Following Sharp Rejection at $320

Ethereum has been caught within the throes of an intense uptrend throughout the past few days, with its price exploding from recent lows of $230 to highs of over $312 that were set earlier today. This parabolic price rise has sent the cryptocurrency surging past the heavy resistance levels that it was previously facing. It appears that this growth has been driven by a combination of strong fundamentals, multiple bullish narratives, and a strong market structure. The confluence of these factors may continue boosting its price action over a macro…

Ethereum Hits $320 as Price Goes Parabolic: What Analysts Think Comes Next

Ethereum is ripping higher after having broken past the pivotal $250 resistance earlier this week. As of this article’s writing, the asset trades for a few dozen basis points shy of $320 — a price almost 30% higher than that of five days ago. ETH’s latest leg higher has brought it to a new year-to-date high. Earlier this year, in February, the asset topped at around $290 before proceeding to plunge to $88. This latest move, then, has been a breath of fresh air for bulls. Chart of ETH’s price…