3 reasons why Ethereum has been rising faster than Bitcoin price in 2021
Ether has been outperforming Bitcoin in the last few weeks as Ethereum's momentum strengthens. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What's more, it has outperformed Bitcoin (BTC) since Jan. 1, gaining roughly 81% compared to Bitcoin's 26% in their respective USD pairs year-to-date.Bitcoin, Ether YTD performance. Source: Digital Assets DataThere are three main reasons why ETH has been outpacing BTC throughout the past several days. The factors are Ethereum’s accelerating growth, the....
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Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $3,000 again. Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times. Why Will Ethereum […]
The latest report shows that Ethereum trading volume grew faster than Bitcoin in the first six months of 2021. Ethereum recorded a 1,461% increase in its trading volume from January to June 2021. This was from an investigation carried out by a top exchange in the industry-Coinbase. Related Reading | ASI President Deems Central Bank […]
The bearish setup appears amid growing divergence between the Ether price and momentum. Ethereum's native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators.ETH price rising wedgeFirst, Ether appears to have been breaking out of "rising wedge," a bearish reversal pattern that emerges when the price trends upward inside a range....
Just like the rest of the crypto market, the Shiba Inu price saw an uptrend at the start of the week before correcting back downward on Tuesday morning. However, this decline may point to the meme coin gearing up for another rally that could see it rise more than 400% and there are reasons why. The Blessings Of October One of the first reasons that suggests a massive surge this month is how the asset has performed historically in the month of October. Looking back at previous years, the Shiba Inu price had shown incredible strength in October 2021 rising over 800%, which eventually led to....
Ethereum price remained under a bearish pressure against the US Dollar and Bitcoin. Is the main reason for ETH/USD decline rising BTC? Key Highlights. ETH price after recovering a few points against the US Dollar, failed and moved down towards $7.25. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to ignite a new intraday low. The pair is once again heading lower, and looks set to challenge the recent low. Ethereum Price Decline. Every time there is a minor correction in ETH price versus the US Dollar sellers appear and take the....