Ethereum Soars To $270: Here’s Why ETH Could Rally Further To $285

Ethereum rallied over 8% and it surged above the crucial $250 resistance against the US Dollar. ETH price is trading in a strong uptrend and it could continue to rise towards $280 or $300. Ethereum is up more than 8% and it broke the $250 and $260 resistance levels. The price is now trading well above the $250 barrier and the 100-day simple moving average. There is a significant bullish trend line forming with support near $244 on the daily chart of ETH/USD (data feed via Kraken). The pair is…

Ethereum at $243 Is “Hilarious,” Says Analyst as ETH2 and Staking Near

Since the start of the year, Ethereum has done rather well. Per data from TradingView, the leading altcoin is trading approximately 80% higher than the price it started 2020 at. Analysts expect ETH to rally further in the months and years ahead as the underlying network’s fundamentals lend to increased demand for the asset. One fund manager and analyst in the space, in fact, went as far as to say that at $243, Ethereum’s price is “hilarious.” Related Reading: Crypto Tidbits: Twitter’s “BTC Scam,” Elon Musk & Dogecoin, Institutions Want BTC…

Why Ethereum Bulls Have Now Opened the Gates for a Move Towards $400

Ethereum is beginning to flash some signs of strength following its intense movement upwards seen yesterday. Although it remains highly correlated with Bitcoin and the aggregated market, its ability to establish a strong foothold within the $240 region is a positive sign for its short-term outlook. One trader is now noting that the price action seen yesterday has completely altered its trajectory, opening the gates for it to see a movement towards the upper-$300 region in the coming weeks. This price region also coincides closely with the neckline of a…

Ethereum Saw Key Technical Breakout And Rally Could Gain Pace Above $250

Ethereum gained bullish momentum above the $240 resistance against the US Dollar. ETH price is currently correcting gains, but it is likely to resume its upside above $245. Ethereum settled above the $235 resistance and it climbed above the $242 resistance. The price traded as high as $247 and it is currently correcting lower. There was a break below a short-term bullish trend line with support near $245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise as long as it is above…

Ethereum ‘Flippens’ Bitcoin to Become the Most Used Blockchain

For the last month Bitcoin (BTC) price has traded in a tight range and trading volume has been relatively flat. Meanwhile, several tokens on the Ethereum network have been topping the price charts, especially the Decentralized Finance (DeFi) tokens. New data from Messari shows that Ethereum has just surpassed Bitcoin as the network that settles the most value per day. This means that the dollar value on the transactions of both Ether (ETH) and its tokens is now higher than that of Bitcoin. Ethereum vs Bitcoin daily settlement value. Source:…

Ethereum Challenges Hackers to Attack Proposed 2.0 Networks

The Ethereum Foundation has launched public “attack networks” for Ethereum 2.0 based on existing stable clients. The networks are designed to give security researchers a sandbox environment where they can try to break Ethereum 2.0’s networks by exploiting potential issues in the clients. Currently, there are two “beta-0” attack networks based on the Lighthouse and Prysm clients, built respectively by Sigma Prime and Prysmatic Labs. According to the announcement released on Monday, the attack networks are “real networks,” though they present some limitations. Notably, only four nodes have been deployed…

Why An Analyst Says Ethereum Has At Least 1 Month of Bullish Fuel

Against Bitcoin, Ethereum has been embroiled in a brutal bear market for the past two years. There was a point when one ETH was worth in excess of 0.1 BTC, but those days have long passed. Now, Ethereum trades for under 0.03 BTC — a far cry from its all-time highs. But multiple analysts say that the asset is on track to see a strong recovery against Bitcoin in the months ahead. Related Reading: Asked About Bitcoin, Elon Musk Just Joked He “Only Sells Dogecoin” Ethereum Has At Least a Month…

Ethereum Bears Will Get “Scorched” If This Pivotal Resistance Breaks

Like Bitcoin, Ethereum has flatlined over the past few months. For just around eight weeks now, the leading altcoin has traded in between $230 and $240, barely deviating from these two levels. Yet an analyst expects a massive breakout should ETH break above an extremely close resistance level. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Here’s How Ethereum Bears Could Soon Get “Scorched” According to a cryptocurrency trader, Ethereum breaking above the red line seen in the chart below will cement…

Even After Going Parabolic, Ethereum DeFi Tokens Have Room to Grow in China

Ethereum’s decentralized finance (DeFi) tokens have been all the rage over recent weeks, with some literally rallying parabolically. Take the example of Aave’s LEND, which has gained in excess of 184.8% in the past 30 days and 7,500% in the past year. Or take the example of Synthetix Network Token (SNX), which is also up by almost 200% in the past month. With such strong price action, there have been some suggestions that DeFi is in a bubble poised to pop. Weiss Crypto Ratings, market research firm Weiss Ratings’ cryptocurrency…

Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend

While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range. Major Crypto Assets Trend Sideways While Smaller Altcoins Shine The two largest cryptocurrencies by market cap have been the most stagnant of the bunch. Both Bitcoin and Ethereum have more resembled a…