ether

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

November 8, 2024 Coin Telegraph

Bitcoin

After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here’s why traders are closely watching the ETH/BTC pair.

Ether (ETH) is currently exhibiting its most significant weekly gains since May 2024. While BTC’s momentum has stalled over the past 24 hours, ETH's price reached a quarterly high of $2,956, and the renewed price action triggered a 6% uptick for the ETH/BTC chart.

With Ethereum briefly leading Bitcoin (BTC) for the first time in months, the altcoin-BTC pair has caught the market’s attention for a potential trend reversal.

A pivotal daily breakout on the Ether daily chart is one key reason for the revived interest in the ETH/BTC trend.

Blockchain at a crossroads: From Davos hype to global impact

Ethereum Technical Analysis: ETH Hovers in Consolidation as Bears Maintain Control

November 4, 2024 Bitcoin.com

bitcoin.com

Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct. A consistent lineup of red candles underscores the selling pressure, […]

Blockchain at a crossroads: From Davos hype to global impact

Bitcoin looks ripe for a rebound, and so do ETH, DOGE, LTC, and XMR

November 3, 2024 Coin Telegraph

Bitcoin

Bitcoin’s volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.

Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000.

The next major trigger for the cryptocurrency markets is the United States elections. In a market report, FalconX head of research David Lawant said that volatility could increase if “results are too close to call and it takes too much time to reach an outcome.”

Crypto market data daily view. Source: Coin360

Blockchain at a crossroads: From Davos hype to global impact

Ethereum Technical Analysis: ETH Stabilizes Amid Key Resistance

October 28, 2024 Bitcoin.com

bitcoin.com

Ethereum’s price found stability within a narrow range, moving between $2,470 and $2,537 over the past day, as both oscillators and moving averages reflect neutral-to-bearish signals, indicating a pause in its short-term momentum. Ethereum The daily chart shows ethereum’s (ETH) recent trend of lower highs and lows, hinting at a bearish undertone. However, steady positioning […]

Blockchain at a crossroads: From Davos hype to global impact

Bitcoin price rally above $70K could supercharge ETH, SOL, DOGE and SHIB

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin’s bullish weekend price action could be a sneak peek of what’s to come this week. Will ETH, SOL, DOGE, and SHIB follow?

Bitcoin (BTC) has risen roughly 9% this week, indicating solid buying by the bulls. The up move is facing resistance near $69,000 but the bulls are not exiting their positions in a hurry. That suggests the buyers anticipate the rally to extend further.

Trading firm QCP Capital told its Telegram channel subscribers that the rising United States equities markets and a weakening trend in the Japanese yen are likely to boost risk-on sentiment leading to the US elections. That “will propel risk assets higher and support our Uptober narrative,” the firm added.

Crypto market data daily view. Source: Coin360

Blockchain at a crossroads: From Davos hype to global impact

QCP Capital: Bitcoin’s Potential for ‘Uptober’ Rally Mirrors Historic Election Trends

October 14, 2024 Bitcoin.com

Bitcoin

QCP Capital analysts have noticed a significant rise in bitcoin (BTC), comparing it to similar patterns seen before past U.S. elections. Their latest report delves into the influence of historical price movements, current market dynamics, and upcoming events on the cryptocurrency’s future course. QCP Capital Eyes Bitcoin’s Election-Year Rally Potential In its latest review, QCP […]

Blockchain at a crossroads: From Davos hype to global impact

Ethereum eyes 40% gains as ETH price fractal approaches final phase

October 11, 2024 Coin Telegraph

$Ethereum eyes 40% gains as ETH price fractal approaches final phase$

Coin Telegraph

ETH price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.

Since dropping under $2,450 on Oct. 2, Ether (ETH) price has consolidated between a narrow gap of $100 over the past nine days. While Bitcoin has exhibited market volatility, Ether’s weekly returns represent a mere 1% decline.

On the weekly chart, Ethereum has also maintained a bullish position by holding above the 200-day EMA trendline.

ETH/USD on the weekly chart. Source: TradingView

Blockchain at a crossroads: From Davos hype to global impact

US Bitcoin ETFs Jump by $235M, Ether Funds Experience No Change

October 8, 2024 Bitcoin.com

Bitcoin

According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.19 […]

Blockchain at a crossroads: From Davos hype to global impact

JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes Hold

October 8, 2024 Bitcoin.com

Bitcoin

JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in […]

Blockchain at a crossroads: From Davos hype to global impact

Ethereum gas fees rose 498% in two weeks as network activity surged — Report

September 30, 2024 Coin Telegraph

Altcoin

An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?

Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.

Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69.

Ethereum transaction fees and ETH transfer volumes

Share this video