ETH Walls Crumble as $670 Falls

Ethereum has finally taken $670 for the first time since 2017 with the crypto overcoming its biggest resistance as bitcoin rose to more than $28,000 at one point. Ethereum was lagging with its ratio down, but the currency turned today, rising to just above $680 at the time of writing. The buy pressure knocked out any walls on its way, […]

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ETH/USD Encounters Technical Resistance Ahead of Holiday: Sally Ho’s Technical Analysis 23 December 2020 ETHEthereum (ETH/USD) was given early in today’s North American session as the pair depreciated to the 592.64 area after trading as high as the 638.75 area during the Asian session, right around the 61.8% retracement of a historical depreciating range from 982.99 to 80.60. During a retracement higher to the 622.35 level during the North American session, ETH/USD encountered technical resistance around the 61.8% retracement of the depreciating range from 638.75 to 592.64. Chartists also note ETH/USD ran into selling pressure around the 50-hour simple moving average. Some additional areas of potential technical support that traders are carefully observing include the 580.00, 559.95, 550.03, 530.41, and 523.78 areas. Stops were recently elected above the 627.83, 638.28, and 652.36 areas during ETH/USD’s escalation to fresh multi-year highs. One additional upside target is the 702.42 level, an area that represents the 76.4% retracement of the depreciating range from 894.50 to 80.60. The pair this past week found technical support just below the 576.77 area, a level that represents the 38.2% retracement of the appreciating range from 480.08 to 636.53. Stops were recently elected above the 583.43 area during the appreciation, representing the 50% retracement of the depreciating range from 636.53 to 530.32. The previous multi-year high around the 636.53 area represented a test of the 637.79 level, an upside price objective related to buying pressure that emerged earlier this year around the 135.12 area. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 600.84 and the 50-bar MA (Hourly) at 614.37. Technical Support is expected around 417.60/ 388.49/ 366.72 with Stops expected below. Technical Resistance is expected around 679.78/ 702.42/ 750.28 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

Ethereum (ETH/USD) was given early in today’s North American session as the pair depreciated to the 592.64 area after trading as high as the 638.75 area during the Asian session, right around the 61.8% retracement of a historical depreciating range from 982.99 to 80.60.   During a retracement higher to the 622.35 level during the North American session, ETH/USD encountered technical […]

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Ethereum 2.0 Validators are Earning 0.002792 ETH per Day

Quick summary: Ethereum 2.0 validators are currently earning 0.002792 ETH per day This is approximately $1.71 using an ETH value of $613 This translates to approximately 3.2% annual interest when compounded Ethereum has continued to trade above the $600 support zone Ethereum 2.0 validators are currently earning 0.002792 ETH per day. This is according to data from the team at […]

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Ethereum Core Developer: EIP-1559 will Be Implemented

Eric Conner, an Ethereum core developer, now says EIP-1559 will be implemented in the smart contracting platform as per a tweet on Dec 21. EIP-1559: A Vitalik Buterin Proposal While the Ethereum network struggles, in the immediate term, EIP-1559 can be a remedy for high Gas fees. It was proposed by Vitalik Buterin in his Blockchain Resource Pricing paper. As […]

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ETH/USD Weaker After Testing 661.38 Technical Resistance: Sally Ho’s Technical Analysis 20 December 2020 ETH

Ethereum (ETH/USD) weakened early in today’s North American session as the pair came off to the 642.64 area after trading as high as the 669.74 area during the Asian session.  The intraday high was just below the multi-session high of 672.06 established during yesterday’s North American session, and above the 78.6% retracement of the recent depreciating range from the multi-year […]

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ETH/USD Tests 665.19 Technical Resistance: Sally Ho’s Technical Analysis 19 December 2020 ETH

Ethereum (ETH/USD) extended recent gains in today’s North American session as the pair climbed higher to the 665.29 area after trading as low as the 646.54 area during the European session, a bullish test of the 38.2% retracement of the recent depreciating range from 677.05 to 626.79.  Chartists observe that ETH/USD also tested 665.19 during its ascent, representing the 76.4% […]

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Ethereum 2.0 Smart Contract Deposit Hits $1 Billion

 Ethereum 2.0 smart deposit contract has exceeded $1 billion in total amount staked. This milestone continues a gradual increase of deposits into the smart contract in the past month. 1.5million ETH Staked A total of about 1.5 million ETH has been staked into the smart deposit contracts according to the information on the smart contract deposit address. Despite the bullish […]

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CME Group Announces the Launch of Ether (ETH) Futures Contracts

The Chicago Mercantile Exchange (CME) has announced the launch of an ether futures contract on February 8, 2021. Each ether futures contract is set to have 50 units of ETH and the derivative will trade between 5:00 p.m. and 4:00 p.m. CT from Sunday to Friday. The contracts are eligible to be exchanged for physical transactions, an official announcement reads. […]

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