Ethereum (ETH) outlook after rallying to new all-time highs

2021-11-2 03:23

Ethereum is an open-source ecosystem for other cryptocurrencies and smart contracts.

Its native current Ether (ETH:USD) rallied to new all-time highs last Friday.

Its market cap of over $513 billion makes it the second-largest cryptocurrency behind bitcoin.

The price of the decentralised open-source blockchain ecosystem Ethereum Network (ETH:USD) on Monday edged slightly higher to reclaim Sunday’s highs. The ETH last week rallied to a new all-time high of around $4,460 before pulling back over the weekend.

Ethereum is one of the most popular blockchain ecosystems for decentralised finance (DeFi) projects. It is the second-largest cryptocurrency by market value behind bitcoin (BTC:USD), with a fully-diluted market cap of more than $513 billion.

Is it too late to buy Ethereum?

From an investment perspective, Ethereum has just rallied to new all-time highs, creating a perfect opportunity for profit-takers to swoop in. The ETH trading volume increased by 5% over the last 24 hours, indicating a significant increase in trading activity. 

However, it is still significantly below this year’s average, implying the current bull-run lacks enough momentum.

Technically, the ETH:USD seems to be trading within an ascending channel formation in the intraday chart. As a result, the ethereum price has rallied closer to overbought conditions, limiting the upside potential.

Therefore, investors could target potential pullbacks at about $4,025, or lower at $3,717. On the other hand, if the bull-run continues, the coin could find resistance at about $4,679, or higher at $4,973.

In summary, although the Ethereum price seems to be enjoying a solid bull-run, the declining trading volume suggests that it could soon run out of steam. Therefore, the recent pullback could be a reliable sell signal.

The post Ethereum (ETH) outlook after rallying to new all-time highs appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3790.24 (+0.20%)
Объем 24H $13.888b
Изменеия 24h: -0.37 %, 7d: 0.95 %
Cегодня L: $3745.57 - H: $3800.6
Капитализация $455.368b Rank 2
Цена в час новости $ 4318.91 (-12.24%)

ethereum all-time highs new rallying outlook eth

Источник: coinjournal.net

ethereum all-time → Результатов: 126


Ethereum’s Gain is Also Its Loss Amidst the Continued Institutionalization

Yesterday, the largest digital asset took a hit and went down to about $11,110 level. Naturally, this then translated into losses for altcoins. Altcoins went down hard with Cardano (ADA) being the biggest loser among the top cryptocurrencies while Aave (LEND) remaining the biggest gainer hitting yet another all-time rushing for $1 — up 67% […] The post Ethereum’s Gain is Also Its Loss Amidst the Continued Institutionalization first appeared on BitcoinExchangeGuide.

2020-8-26 22:17


Фото:

Ethereum Gas Usage Tops All-Time High Amid DeFi and Stablecoin Tear

The Ethereum network seems to be cracking under pressure as stablecoins and the DeFi ecosystem continue to expand. As a result, gas usage has skyrocketed to new highs along with network fees—so how can this be positive for Ethereum? As DeFi markets near $3 billion total value locked, the strains on the Ethereum network are […] The post Ethereum Gas Usage Tops All-Time High Amid DeFi and Stablecoin Tear appeared first on BeInCrypto.

2020-7-21 13:14


Фото:

Chainlink Hits Yet Another All-Time High, Tops Ethereum’s Search Volume

Both fundamentally and technically, Chainlink (LINK) is Bullish on all levels. Yesterday it was reported that LINK had made another record-breaking move to become the 8th largest cryptocurrency by market capitalization, and while Chainlink saw a slight decline in market cap bringing it down to the 9th place, LINK still closed as one of the […]

2020-7-15 18:04


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto gambling — how does the future of secure gambling look?

Online gambling is a huge part of the casino world, but there is a small percentage of players who worry about its security — welcome, cryptocurrency casinos. It’s 2024, and although crypto casinos are nothing new, there is a wide range of some of the huge household names now utilizing this form of payment to […] The post Crypto gambling — how does the future of secure gambling look? appeared first on CoinJournal.

Crypto price prediction: Floki, BitBot, Arweave

Cryptocurrency prices did moderately well last week as investors embraced a risk-on sentiment in the financial market. Bitcoin jumped to above $67,000 for the first time in over a month while BitBot continued its token sale, raising millions of dollars.

Bitcoin still struggling around $61k: Will it dip lower?

Key takeaways Bitcoin continues to struggle below $62k and could plunge lower in the short term. Bitbot has raised $3. 3m so far, with only two stages of the presale left. Bitcoin stays below $62k Bitcoin has been struggling in recent weeks and could record further losses if the market condition persists.

AEVO, Arbitrum, Render token unlocks near as BitBot gains momentum

Popular cryptocurrencies are on edge as investors wait for their upcoming token unlocks that will lead to more dilution. Arbitrum’s ARB token was trading at $1 on Sunday, down by over 58% from its highest point in 2023, and is near its lowest swing since December 1st last year.

Crypto fear and greed index slips as the BitBot raises $3M

A sense of fear is creeping up in the cryptocurrency market as investors focused on the upcoming Federal Reserve decision. The closely-watched crypto fear and greed index has crashed from the extreme greed zone of over 80 to the neutral phase of 58.