Ethereum Soars 27%, Why Its Next Target Is $1,700
The crypto market has returned to the green with Ethereum (ETH) leading the recovery. The second crypto by market cap has seen bullish momentum on the back of a potential full transition to a Proof-of-Stake (PoS) consensus. The date for this event was announced two days ago. Related Reading | TA: Ethereum Outpaces Bitcoin, Why ETH Could Rise To $1,500 This process will be completed with “The Merge”, an event set for September 19, 2022, with the objective of combining Ethereum’s execution layer with its consensus layer. ETH core developers have successfully carried out this process on....
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Breaking down Ethereum 2.0 and its sweeping impact on crypto markets, weekly.
April has seen a stellar run from BNB, growing 86% in less than two weeks and hitting an all-time high today. Over the same period, its market cap has near doubled from $49bn to $96bn. While this is still just over a third of Ethereum’s market cap, a stalling ETH 2.0 rollout schedule has observers […]
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin Revenue Soars Square Inc. released its Q3 2020 earnings report on Thursday. The NYSE-listed (NYSE: SQ) company with a market capitalization of $86 billion provides software and hardware payments products and small business services. Its CEO Jack Dorsey also co-founded Twitter. Square’s....
The price of Ethereum (ETH) has risen another 5% today, reaching a new all-time high of $4150. At the time of writing, ETH was trading 4.6% higher at $4102, with a market capitalization of $477 billion. A massive amount of short positions have been liquidated across exchanges as Ethereum soars past $4000. $15 Million In […]
Ethereum price traded further higher yesterday, and reached my final target of $10.40. Now can it correct and trade higher once again? Key Highlights. Ethereum price continued to move higher vs the US Dollar and reached my final target of $10.40. There is now a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a support if the price moves down. The price has already started correcting lower, and it would be interesting to see how far it can go. Ethereum Price Trend Line Support. Ethereum price ETH after settling above the $10.00 resistance....