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Ethereum long-term Price Analysis: 19 October

Ethereum 2.0 is still in the works after many delays. And yet, it is still receiving a lot of praise from the likes of CFTC Chairman Heath Tarbert. While the ETH community is stoked about this, others have critiqued ETH’s timeline to deliver ETH 2.0. At press time, there were many ETH competitors, but none […] The post Ethereum long-term Price Analysis: 19 October appeared first on AMBCrypto.

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Ethereum long-term Price Analysis: 13 October

The digital asset industry has somewhat re-ignited its bullish momentum over the past week as Bitcoin emerged above $11,000 price level yet again. Ethereum kept pace with the king coin and currently, both the assets are enjoying over 6 percent growth over the past week. Yesterday the market opened on another high as Ethereum Grayscale […] The post Ethereum long-term Price Analysis: 13 October appeared first on AMBCrypto.

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Ethereum short-term Price Analysis: 29 September

Over the past 12-hours, Ethereum has dropped below the resistance at $360 in the charts but continues to consolidate within close proximity to $357. At press time, the asset seemed to hold its own but it might face a minor bearish pullback if the price pattern takes a decisive turn. With a trading volume of […] The post Ethereum short-term Price Analysis: 29 September appeared first on AMBCrypto.

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Ethereum long-term Price Analysis: 28 September

Ethereum’s long-term outlook seemed bearish, at the time of writing. In fact, the price might drop by 20-30% as this bearish pattern develops on the charts. Interestingly, this might coincide with Bitcoin’s movements as well. Here, it should be noted, however, that this is all happening on a weekly time frame, and hence, it could […] The post Ethereum long-term Price Analysis: 28 September appeared first on AMBCrypto.

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Ethereum long-term Price Analysis: 21 September

Ethereum, though the market’s second-largest cryptocurrency by market cap, has traditionally been loyal to Bitcoin’s price movement. Where Bitcoin goes, Ethereum follows. The same was noted to be happening, at press time, with Ethereum about to break out of the bearish pattern following Bitcoin’s cues. Trading at $369, at the time of writing, we might see Ethereum head back to $340 and perhaps lower on the charts, should Bitcoin sellers not show any sympathy. Ethereum 4-hour chart Source: ETHUSD on TradingView The attached 4-hour chart showed that ETH was already breaching out of its ascending parallel channel. Moreover, the trend…

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Ethereum long-term Price Analysis: 15 September

For Ethereum and the rest of the altcoin industry, volatility is high at the moment. With the price undergoing massive sell-off and surges on a 24-hour period, Ethereum has entered a transitionary realm when bears are losing their grip on the long-term. With consistent recovery since September 3rd, there was a high probability for Ethereum to regain its $400 mark but the bears may swing the trade towards them as well. Ethereum 6-hour chart Source: ETH/USD on Trading View As illustrated in the chart above, Ethereum’s first breakout above resistance $360 came at the back of a descending triangle pattern.…

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Ethereum short-term Price Analysis: 11 September

Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on price.  Ethereum [ETH] managed to surpass resistance at $360.13 and has been moving higher. With its current trading value around $367.48, ETH may have been approaching a trend reversal. Source: ETH/USD on TradingView The above hourly chart of Ethereum highlighted the upwards movement of the price after the dip in early September. This growth was, however, constrained within the parallel channels which is a bullish sign. This bullish movement of ETH price was confirmed when the 50 moving average assumed a…

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Ethereum short-term Price Analysis: 07 September

Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize within the next 24-hours After clocking in a value of $307 on 5 September, Ethereum’s recovery over the past 36 hours has been strong. On 6 September at 21:00 UTC, a local top at $360 was registered, before ETH underwent another period of correction on the charts. Continuing to hold a higher range in valuation, Ethereum was valued at $343, at press time, with the cryptocurrency registering a market cap of $38 billion. Ethereum 1-hour chart Source: ETH/USD on TradingView With…

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Ethereum short-term Price Analysis: 4 September

Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on price.  The Ethereum market has been synonymous with the tremendous growth witnessed in the cryptocurrency market. However, this week has been a bit brutal, as volatility caused significant price swings in the market. Ethereum which was peaking at $488.95 on 1st September, a value unseen since 2018, when a tremendous selling pressure caused the value to collapse. The selling pressure was mounting as Ether’s value appreciated, and $488 acted as a trigger for many to sell their assets. At press time,…

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Ethereum long-term Price Analysis: 31 August

Like Bitcoin, Ethereum didn’t show a lot of strength among buyers or bulls, at the time of writing. In fact, ETH’s price looked toppy. After tapping the $420 level 6-7 times in less than two weeks, ETH might go under it once again. On the daily time frame, ETH’s price was showing signs of what seemed to be a potential broadening wedge pattern. Since the trend before this pattern was bullish, the breakout will most likely be bearish. This is the first potential reason why ETH will see a retracement of 10-30%. Ethereum 1-day chart Source: ETHUSD on TradingView The…

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Ethereum long-term Price Analysis: 28 August

Disclaimer: The following article attempts to analyze the emerging patterns in the long-term Ethereum market and its impact on the price  Etheruem has gotten off its rallying horse, with the cryptocurrency noting a significant dip in value over the past week. There have also been issues related to the gas price due to congestion on the Ethereum network. However, Tether [USDT] has taken the first step towards integrating with the OMG network, in order to ease gas prices. However, despite such prevalent scalability problems, the impact on Ether’s price has been fairly minimal. At the time of writing, Ethereum had…

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Will expiring contracts worth $80 M derail the altcoin rally?

Altcoin prices were making a comeback this week, while Bitcoin and Ethereum price trends were mixed. Among the top 25 altcoins by market capitalization, only 7 showed positive 24h change in their price. Altcoins with large market capitalization may slow down the ongoing rally.  On Deribit (an exchange that commands over 70% of open interest), Ethereum contracts worth $80 M expire on August 28, 2020, which could impact spot market prices of altcoins, as options market has been a major influencer in the Bitcoin/ altcoin rally since March 2020. When the previous two expirations took place on 20 August 2020…

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Ethereum long-term Price Analysis: 25 August

Disclaimer: The following price prediction should materialize in the next couple of weeks.  Ethereum recently broke back above $400 but doubts continued to surface as the price fell below the resistance again. The bearish pressure has been prevalent but over the long-term, once the pressure subsides, ETH is still at the right place in terms of its price valuation to register another new high in 2020. At press time, Ethereum was valued at $395 with a market cap of $44 billion in the charts. Ethereum 1-day chart Source: ETH/USD on Trading View The 1-day chart of Ethereum screams bullish over…

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Ethereum News Today – August 16, 2020

Ethereum network usage and gas fees may pose a risk to DeFi expansion Not all smart contracts can thrive on the network considering the current fee level The situation might prevent the migration of apps to competing networks Ethereum news today – The total number of network transactions on Ethereum has tripled in 2020. The figure is now identical to what was seen in the all-time high from January 2018. Continue reading Ethereum News Today – August 16, 2020 at Smartereum.

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Ethereum long-term Price Analysis: 11 August

Disclaimer: The following price prediction should materialize over the next week. Stuck between the range of $335-$400 since 31st July, the anticipation surrounding Ethereum’s price is beginning to build in the industry. There is a definite divide between the analysts as many were expecting a bullish breakout while some were convinced that the movement is going to be all downwards from now on. Ethereum 1-day chart Source: ETH/USD on Trading View In a previous analysis, we have discussed that the bullish breakout leading up to ETH’s $400 rally happened at the back of an ascending triangle. The price broke out…

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Ethereum long-term Price Analysis: 10 August

Even with Bitcoin climbing over $12,000 for the second time in two weeks, most of the attention in the larger crypto-market is on its number two – Ethereum. The world’s largest altcoin was trading at just below $400, a two-year high, at press time, having eaten a significant chunk of the crypto-market’s dominance. With Bitcoin trading flat between May and July 2020, its dominance dropped from 67 percent to 60 percent, while Ethereum’s rose from 9 percent to 12.5 percent, even before the price did. Looking at the long-term daily chart for Ether, the $400 surge has been met with…

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Ethereum short-term Price Analysis: 07 August

Disclaimer: The following article attempts to analyze the short-term Ethereum market and its impact on price.  The cryptocurrency market has been witnessing bursts of volatility over the past week. As the largest cryptocurrency, Bitcoin rallied, the remaining market also marched along, however, this trend was only limited to major cryptos, as the correlation between BTC and small-cap weakened. Whereas, Ethereum, the second-largest crypto has also been noticing its correlation weaken with Bitcoin as it begins an independent journey.  At press time, Etheruem’s market value was at $394, as it trended lower over the past couple of days. The market capitalization…

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