Ethereum (CURRENCY:ETH) traded down 13.3% against the U.S. dollar during the 24 hour period ending at 18:00 PM E.T. on July 16th. Ethereum has a market cap of $21.48 billion and approximately $9.00 billion worth of Ethereum was traded on exchanges in the last day. In the last seven days, Ethereum has traded down 35.2% against the U.S. dollar. One Ethereum coin can now be purchased for $200.91 or 0.02109974 BTC on popular cryptocurrency exchanges including Allcoin, Neraex, BCEX and IDCM. Here is how related cryptocurrencies have performed in the last day:
The Bitcoin rate has fallen by 2.98% in the last 24 hours. At the time of writing, the Bitcoin exchange rate is $ 11,335.27. If we look at the past 7 days, Bitcoin is in the green. The Bitcoin price has risen by 3.3% in the last 7 years. It remains to be seen whether Bitcoin can still close the week positively.Ethereum is still well above $ 250 at $ 268.15. In the last 24 hours the Ethereum price has fallen by 2.77%. Over the past 7 days, the Ethereum rate has fallen by 6.7%. Last week the exchange rate was well above 300 dollars. It remains to be seen whether Ethereum can rise towards the 300 dollars again or whether the exchange rate falls further to the 250 dollars.
Ethereum price is back in a short term bearish zone versus the US Dollar and bitcoin. ETH price could recover above $300, but it is likely to face resistance near $310 or $320.In the past few sessions, there was a sharp increase in selling on Ethereum and bitcoin against the US Dollar. The ETH USD pair topped near the $364 level and declined sharply below $350. It broke the main support near the $320 level and the 100 hourly simple moving average. The decline was such that there was a close below the $320 and $318 pivot levels.
Lubin, a Canadian entrepreneur who;s also the founder of ConsenSys, a Brooklyn, New York based Ethereum (ETH) focused development studio, acknowledged that the Calibra project;s goal to send money quickly and cheaply should be a key design consideration of modern internet based currencies.However, the Princeton University graduate pointed out that most people would not be able to place enough trust in Facebook 's management as he wrote:
Ethereum (ETH) moved in unison with Bitcoin (BTC), as the leading coin broke the $11,200 barrier for the first time in more than a year. Usually, a rising BTC would push down ETH, but this time around, there are indicators for optimists that see the second largest coin move to more significant valuations.ETH traded at $307.47 as of 9:45 UTC on Monday, moving up more than 300% since the lows of $92 in December 2018. Now, ETH has a long way to go to its heights, as it trades at around 0.028 BTC. Here are the five factors to boost the price of ETH:
Ethereum (ETH) has had a very positive past few months, putting a significant amount of distance between its current price levels and its year to date lows, which currently exist below $100.Despite this, Ethereum is continuing to face strong resistance around its current price levels, and analysts believe it may soon incur a sudden influx of selling pressure despite there being strength in the aggregated crypto markets.
Roman Bond, CEO at CLIC Technology shared his enthusiasm at the possibility of promoting the e commerce marketplace and the adoption of cryptocurrencies: Bringing cryptocurrency to the e commerce marketplace is the merging of two next generation industries We re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.
Ethereum (CURRENCY:ETH) traded up 2% against the US dollar during the 1 day period ending at 21:00 PM ET on June 15th. In the last seven days, Ethereum has traded 10.7% higher against the US dollar. Ethereum has a market capitalization of $28.77 billion and approximately $8.02 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be purchased for $270.08 or 0.03026038 BTC on popular cryptocurrency exchanges including Kryptono, Kraken, ABCC and Poloniex. Here is how other cryptocurrencies have performed in the last 24 hours:
Ethereum reached its highest price of the year by hitting the $288 mark. This is a record that ETH did not reach for more than 9 months. Last time we saw Ethereum over the $300 price level was in August of 2018.We could find the daily volume now being higher than it was at the peak of January 2018. But there is actually a reason for this since the market is different nowadays. Now we have traders and investors stockpiling Ethereum when in January 2018 we had a big number of companies conducting ICOs instead.
Ethereum price gained bullish momentum and broke the $264.00 and $275.00 resistances. ETH is currently consolidating gains and it is likely to rally above $280.00.
Between May 20 and 25, Ethereum (ETH) was trading within a horizontal channel. Gold, on the other hand, did not appear to be training in an identifiable pattern. However, a short term descending resistance line appeared after heavy drops on May 20.In this analysis, we assess the price fluctuations of both gold and Ethereum and compare their respective rates of change.
Ethereum price started a short term downward move versus the US Dollar and bitcoin. ETH might test $232 or $230 before it could start a fresh increase towards $265 or $270.In the past three days, Ethereum price mostly traded in a range with positive moves above $250 against the US Dollar. However, the ETH USD pair struggled to gain momentum above the $265 resistance level. There were two failures recently, resulting in a bearish reaction below $260. The price declined recently and broke the $258 and $252 support levels. Besides, there was a break below the 61.8% Fib retracement level of the upward move from the $239 swing low to $265 resistance.
Ethereum price is trading with a positive bias above the $250 support versus the US Dollar, but consolidating vs bitcoin. ETH could continue to rise as long as the $250 support is intact.In the past few sessions, Ethereum price slowly moved higher from the $239 swing low against the US Dollar. The ETH USD pair broke the $245 resistance level and settled above 100 hourly simple moving average. The recent rise was positive as there was a break above the 50% Fib retracement level of the last decline from the $265 high to $239 low. The price even broke the $255 resistance area and tagged the $263 level.
Ethereum price climbed towards the $280 level before correcting lower versus the US Dollar and bitcoin. ETH is likely to find support near the $250, $244 and $240 levels in the near term.After testing the $240 support, Ethereum price started a fresh increase above $260 against the US Dollar. The ETH USD pair broke the $270 and $275 resistance levels. It traded to a new 2019 high close to the $280 level and recently started a downside correction. There was a break below the $265 and $260 support levels. It seems like the price is struggling to stay above the $270 and $275 levels. Sellers pushed the price below the 50% Fib retracement level of the recent wave from the $240 low to $280 swing high.
A one word tweet from Tesla CEO Elon Musk shows the power of social media. Shortly after Musk tweeted the word Ethereum , the world s second largest cryptocurrency, Google Trends revealed a spike in Ethereum searches.
The Chief Decentralised Officer at HTC, Phil Chen revealed that this new action is a step towards boosting of sales for the company;s blockchain focused smartphone called #8216;Exodus,; which was launched last year spring and to grow the company;s blockchain ecosystem. Chen went further to explain that the sales performance for the first generation Exodus phone had met the expectations of the company. He stated that new crypto trading companies, and bitcoin (BTC), as well as Ether (ETH), assisted in increasing demand for the commodity.The second generation model will retain some of its features like messaging, social media, and browsing. It will also have its own applications such as its transaction management, personalised e wallets, and its support for virtual currency which are peer to peer based compared to the previous model which is controlled by cloud or mainframe boards.
Cryptocurrency exchange Bitfinex was drawn under serious allegations when the New York Attorney General s office claimed the exchange of using funds from affiliated stablecoin operator Tether in order to secretly cover its alleged loss of $850 million. According to a report from cryptocurrency news outlet The Block on April 26, Bitfinex withdrew funds worth almost $90 million from its cold wallet.The platform has chosen not to publicly explain the reasons behind the said withdrawals, leading to the fresh debacle over potentially missing funds. Reportedly, Bitfinex has moved large amounts of bitcoin (BTC) and ether (ETH) from its wallets to unknown addresses over the past 12 hours.
Ethereum price corrected lower and tested the $167.00 area. ETH price is currently climbing higher and it could accelerate once there is a break above the $172.00 resistance.
Japanese crypto exchange Coincheck is bringing Ethereum and XRP to institutional investors.The exchange just launched over the counter (OTC) trading for the two leading crypto assets, following the debut of Bitcoin on April 1st. OTC trading allows investors with deep pockets to make large trades at a pre arranged, fixed price without having to deal with price fluctuations on traditional spot trading order books.
Ethereum price formed a solid support base near $162.00 and recently climbed higher. ETH broke the $168.50 resistance and it seems like there could be more gains.