Legendary Trader Calls DeFi Bullish, Claims Ethereum Could Soon Rally
The DeFi sector has been screaming higher throughout the past couple of weeks, with the ongoing stability seen by Bitcoin boosting its price action Ethereum, which remains the backbone of this sector, has also been stable, closely tracking BTC as of late If ETH can push higher in the near-term, it could create further tailwinds that bolster the DeFi sector and help the tokens within it see further gains He specifically notes that ETH could […]
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Growth in DeFi, increasing on-chain activity and the strength of the bullish Ethereum options market helped send Ether price to a new all-time high at $1,500. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high at $1,500 today. Data suggest that the ETH options market showed dominant call activity and this may be a primary factor in the rally to a new high.Across major exchanges, the price of ETH surpassed $1,500, after the options market showed dominant call activity.In the options market, there are two types of contracts:....
Ethereum currently trades for $450 as of this article’s writing, stuck in a short-term range with DeFi coins as Bitcoin has entered a phase of consolidation. Analysts are optimistic about the leading cryptocurrency due to technical signs indicating it may run back toward the highs. Bitcoin is also seen as bullish by many analysts, who […]
Bitcoin’s price action as of late has been incredibly bullish, but altcoins like XRP and Ethereum have continued their descents as traders and investors alike both set their sights on the benchmark cryptocurrency. One trader is now noting that XRP – which is currently trading at multi-year lows against its BTC trading pair – could […]
Ethereum has undergone a strong rally over the past few days, pushing as high as $470. ETH is up around 10% in the past 24 hours, despite Bitcoin stagnating in the high-$15,000s. Ethereum’s rally higher comes as other altcoins have rebounded. Analysts remain bullish on Ethereum and altcoins. Ethereum Explodes Up, and It Has Room to Move Even Higher: Analysts Ethereum has undergone a strong rally over the past two days despite strong weakness over […]