Why Is The Ethereum Price Up 20% Today?
The Ethereum price has risen almost 20% in the last 24 hours. This is a positive development for the second-largest crypto token, which has been lagging until now. Ethereum’s price surge is believed to be due to several factors, including the potential approval of the Spot Ethereum ETFs. SEC Could Soon Approve Spot Ethereum ETFs Ethereum has risen on the news that the Securities and Exchange Commission (SEC) could approve the Spot Ethereum ETF applications. Before now, it was almost certain that the Commission would deny these applications. However, the SEC is now open to approving these....
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Today’s Ethereum price chart may suggest the formation of a bearish pattern called the “double top”. 100k ETH also flowed into Binance. Ethereum Price Chart Shows Famous “Double Top” Bearish Formation As explained by a CryptoQuant post, the cryptocurrency formed a bearish pattern on the price chart earlier today, and at about the same time, Binance also noticed a netflow of around 100k ETH. Here is a Ethereum chart that clearly shows the bearish pattern: ETH's price chart showed a bearish formation earlier today | Source: CryptoQuant As the above chart....
Ethereum is showing some immense signs of strength today as the entire crypto market plows higher, with Bitcoin leading the way BTC was able to set fresh all-time highs today when its price rocketed to $20,800. Although it found some selling pressure here, it has not posted any harsh rejection Where the entire market trends […]
Ethereum classic was a notable mover in today’s session, as the token rose by nearly 30% on Tuesday. The surge comes as it was confirmed that the Ethereum merge event will take place next week, between September 13-15. Another big mover was avalanche, which rose by over 8% earlier today.
Ethereum Classic (ETC)
Ethereum classic (ETC) climbed above the $40 mark on Tuesday, as markets reacted to news of The Merge event.
Following a low of $32.20 to start the week, ETC/USD surged to a peak of $41.46 earlier in the day.
Today’s rally saw ethereum....
Ethereum is approaching the moment of the truth. The price has reached the most likely peak of the correction towards the downward movement which has started in June 2016. Ethereum. About two months ago, Ethereum price has reached its long-term key line near $5.8, which can be seen as the likely peak of the correction towards the long-term upward trend. At that moment, the continuation of that long-term upward trend became possible. Today, half of that scenario has already been fulfilled. Ethereum price is at a profitable zone for the bears. That is confirmed by a flat-like movement which....
Looking at the Ethereum price in the USD segment, very little has changed over the past few days. Now that the Bitcoin price has been on the rise again, the discussion ultimately turns to how Ethereum is doing. Albeit Ethereum has been losing some of its value compared to the Bitcoin trading price, the Ethereum price in USD remains virtually unaffected. Trading in the world of cryptocurrency is an exciting experience, as there are so many things taking place at once. Now that the Bitcoin price is rocketing over the past few days, there is usually a significant impact on the value of all....