The Price of Ether Just Hit a New 2017 High
Ether, the digital currency that powers the smart contract-based blockchain platform ethereum, rose to its highest price of the year today. In total, the cryptocurrency surged close to 20% on digital currency exchange Poloniex against both USDT and BTC during today's session, rising to as much as $13.40 for a gain of 18.7% from the opening price. Ether enjoyed even stronger gains relative to larger cryptocurrency bitcoin, as ETH/BTC reached 0.0135 BTC, a 19.5% increase for the day. Analysis shows the combination of a strong pickup in trading volume combined with a highly leveraged market....
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Numerous on-chain indicators suggest Ethereum price is on the verge of another 2017-style bull run. Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400. Fast forward to 2020, and some investors believe a similar outcome may occur as a few key on-chain and technical indicators are mirroring the levels seen in the previous bull run.On Dec. 10 Ether price was $450, and it took only 34 days for Ether to reach its....
The eerie deja vu scenario can see Ethereum hit $13,000 within six months if history repeats. Bids for Ethereum's native token Ether (ETH) could rise to $13,000 in the next two months if history repeats.So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again in 2021 as Ether trades above $3,350 after rallying over 360% year-to-date.The 2017 Ethereum fractal, explainedIn detail, the four technical indicators are Stochastic RSI, Relative....
$10,000 Ethereum options for December 2021 cost buyers $734 each, but today they are only worth $85 and ETH price is 47% away from its all-time high. This year's 500% accumulated gain took Ether's (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how you see it, took Ether's price on a 390% rally from $290 in November 2017 to $1,420 in mid-January 2018. Maybe this year's mega rally was a DeFi and NFT bubble that will take another two years to reclaim its peak, but it seems premature....
The price of ETH, the native cryptocurrency of Ethereum, achieved a record-high on CME launching dedicated futures. The price of Ether (ETH), the native cryptocurrency of Ethereum, achieved a new all-time high on Feb. 9, 2021. On Binance, ETH rallied to as high as $1,830 merely hours after it started to trade on CME.ETH/USDT 15-minute candle price chart (Binance). Source: TradingView.comWhy is ETH rallying after the CME listing of any importance?The timing of the ETH rally to a new record-high is noteworthy because of the negative sentiment around it prior to the listing.In December 2017,....
ETH rallied above $4,500 to hit a new all-time high and BTC bulls broke the week-long downtrend to pull the price to $64,000. Bullish volatility is on the rise and the newfound bullish momentum saw multiple tokens breakout to fresh all-time highs as traders scramble to identify which coin might be the next to embark on a moon mission.As the price of Bitcoin (BTC) rallied to $64,000, Ether (ETH) reached a new record high at $4,523. The move comes just days after the successful Altair upgrade to the Ethereum network, which was the first update to the Beacon chain, bringing the network closer....