ethereum price

Summary:

  • What is the Ethereum Classic Platform and how does it work?
  • Advantages of the Ethereum Classic exchange.
  • Ethereum Classic’s past, present and future price positions.

Read next: Altcoins: Yearn.Finance (YFI), What Is It - A Deeper Look Into The Yearn.Finance Platform 

The Ethereum Classic Platform

The Ethereum Classic platform exists in response to the contract censorship that exists on sister chain Ethereum. Ethereum Classic has managed to resist censorship against all odds, and has managed to deliver Ethereum's original vision of unstoppable applications.

Ethereum Classic's main function is a smart contract network that has the ability to host and support decentralised applications (DApps). Ethereum Classic’s native token is ETC. Since its launch, Ethereum Classic strives to differentiate itself from Ethereum, and over time has succeeded as its roadmap is diverging further and further apart with time.

Ethereum Classic combines the technology of Ethereum wit

SEC Rejects Valkyrie, Kryptoin Spot Bitcoin ETF Applications

The crypto market is melting before our eyes

Alex Kuptsikevich Alex Kuptsikevich 20.12.2021 08:53
The crypto market's capitalisation has fallen 2.8% in the last 24 hours to $2.166 trillion. Methodical pressure on the significant coins persists along with wary trading in traditional equity markets. The bitcoin price has been losing 2.5% in the last 24 hours and is 5.6% lower than it was exactly a week ago. Ether is down 3.4% and 4%, respectively. Some other top coins are also under severe pressure, but we cannot say that the dynamics are unambiguous. For example, XRP is up 5.5%, AVAX is up 22%, and Luna is up 30.7% in the last seven days. At the beginning of the year, institutional and investment bank interest provided cryptocurrencies with overperformance but now lowered demand for safety is becoming their Achilles' heel. The most methodical, albeit relatively measured, pressure has been seen in Bitcoin and Ether, which have been under bearish control for the past month and a half. According to equity and commodity market definitions, BTCUSD and ETHUSD have crossed the bear market threshold, having lost more than 20% of their peaks in early November. Bitcoin, meanwhile, is not gaining meaningful support on the decline towards the 200-day average. These are all signs that the bear market is entering its rights, as enthusiasts can no longer buy out any drawdowns. Generally speaking, a modest downside amplitude is not typical of cryptocurrencies, so short-term traders should be prepared for an explosion of volatility on a decline below meaningful levels. We assume that crucial support is concentrated near $40K for Bitcoin, a resistance level in January and a support level in October. Falling below this level could dramatically increase the coin's volatility and affect the entire market. For Ether, relatively measured volatility could continue up to the level of the 200-day moving average (just above 3300), which coincides with the area of extended consolidation in August and September and the start of the latest rally in October. Suppose Ether and Bitcoin fail to find strong buying below these levels as well. In that case, we risk seeing a true capitulation of the entire cryptocurrency market and a revision of the outlook to a more bearish one.
ETHER Hitting $5000!? Altcoins: (ETH) Ethereum - Five bullish signals that suggest Ethereum price could hit $5,000

ETHER Hitting $5000!? Altcoins: (ETH) Ethereum - Five bullish signals that suggest Ethereum price could hit $5,000

FXStreet News FXStreet News 19.04.2022 16:36
Ethereum price is stuck trading between the 50-, 100- and 200-day SMAs, lacking volatility. A triple bottom setup around $2,652 could be the key to triggering an 85% upswing to retest the all-time high at $4,868. A three-day candlestick close below $2,439 will invalidate this outlook and potentially trigger a crash to $1,706 or lower. Ethereum price has been on a downswing since its all-time high in November 2021, but the development of recent events suggests that a change is coming. While there could be a temporary drop, a massive upswing is likely to begin afterward.   Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM Ethereum price at a junction Ethereum price set a swing low at $2,652 on September 19 and rallied 83% in under two months to set an all-time high of $4,868. This impressive upswing was followed by a 55% downswing that pierced the $2,652 swing low. These two touches around the same level could be foreshadowing a triple bottom setup. For this technical formation to be complete, ETH needs to slide lower by 13% and tag the $2,652 support level again. This move will complete the pattern and reverse the trend favoring bulls. In such a case, Ethereum price is likely to make a run at the 50% retracement level at $3,287. However, investors need to exercise caution around the 200-day Simple Moving Average (SMA) at $3,492 and the $4,000 psychological level, as Ethereum price might face headwinds there Clearing the midpoint and flipping it into a support level will open the path for a move toward the range high at $4,868. In total, this run-up would constitute an 85% ascent and is likely to extend to the $5,000 psychological barrier.   Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM However, investors need to exercise caution around the 200-day Simple Moving Average (SMA) at $3,492 and the $4,000 psychological level, as Ethereum price might face headwinds there. Such a move is likely to push the Relative Strength Index (RSI) lower to the 38.16 level. The last two times RSI tagged this level was in June and July 2021, when ETH was forming a base that would eventually lead to a 185% gain. Therefore, the retracement forecasted by the technical perspective also supports a retest of the 38.16 level for RSI, hinting at a bullish outlook. ETH/USDT 1-day chart Supporting this optimistic outlook for Ethereum price is the exchange net position change indicator that tracks the 30-day outflow of ETH. Currently, this index shows that nearly 94,000 ETH has moved out of centralized entities’ wallets, suggesting a reduction in the sell-side pressure. Interestingly, this is the sixth time such a massive outflow has occurred, which in turn reveals the importance of this metric. ETH exchange net position flow.   Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Furthermore, the number of one-hour active addresses on the Ethereum blockchain has hit a new all-time high at 60,330. This uptick suggests that new users or investors are interacting with the ETH blockchain and is considered a bullish indication. ETH 1-hour active addresses Lastly, the long-term bullish outlook for Ethereum price is perfectly portrayed by the supply of ETH present on exchanges. This level has been in a downtrend since July 2020 and has slumped from 29.69 million to 14.96 million, representing an 11.73 million outflow of ETH in less than two years. This development suggests that more investors are disinclined to sell and are moving their holdings to cold wallets or to DeFi platforms to earn interest, which indicates that they are optimistic about the performance of Ethereum price. ETH supply on exchanges A three-day candlestick close below $2,439 will invalidate this outlook by producing a lower low. In such a case, ETH bears could seize control and trigger a 30% crash to $1,706, which will allow market makers to collect the sell-stop liquidity.
Bitcoin Is Still Under Strong Pressure From The Downward Trend

Top 3 Price Prediction (BTC) Bitcoin, (ETH) Ethereum, (XRP) Ripple: Official start to recovery rally

FXStreet News FXStreet News 04.05.2022 16:23
Bitcoin price prepares for its ascent to $42,100 after bouncing off a stable support level. Ethereum price needs to overcome the $3,000 barrier to have any chance at revisiting $3,500 or $4,000. Ripple price begins its journey to $0.70 after a recovery above the $0.60 support level. Bitcoin price has kick-started its attempt to move higher, picking up Ethereum and Ripple along with it. Investors can expect BTC to revisit Monday’s high and reevaluate directional bias from there. Bitcoin price begins its journey higher Bitcoin price bounces off the lower trend line of the ascending parallel channel, which is formed after drawing trendlines above and below three sets of higher highs and higher lows. Investors can expect BTC to slice through the 100-day Simple Moving Average (SMA) at $41,009, which is the first major hurdle. Doing so, will allow it to retest the 50-day SMA at $41,921, which coincides with the daily supply zone, extending from $43,981 to $41,921. This area of confluence is where the upside will be capped for the big crypto and would represent a 10% gain. BTC/USDT 3-day chart Regardless of the bullish outlook, a daily candlestick close below the $34,752 support level will invalidate the bullish thesis and trigger a crash to $30,000 or lower. Ethereum price to reverse the trend Ethereum price is in a medium-term ascending channel created by connecting its two higher highs and three higher lows since January 28. The third retest of the lower trend line has shown a bullish reaction – lead cryptocurrency BTC is recovering and influencing the rest of the market. Regardless of the bullishness, ETH needs to flip the 100-day SMA at $2,914 followed by the 50-day SMA at $3,069 to continue rising. This development is key to triggering a move that tags the 200-day SMA at $3,443. While a move to $3,500 is likely, a surge in buying pressure could extend the run-up to the $4,000 psychological level. ETH/USD 1-day chart On the other hand, a daily candlestick close below the weekly support level at $2,541 will indicate a resurgence of selling pressure and invalidate the bullish thesis. This could trigger a further crash to the $2,000 psychological level. https://youtu.be/hDdFa7mu7Jo Ripple price purges sell-side pressure Ripple price purged the downside pressure by collecting the liquidity resting below the $0.60 support after a 30% crash. XRP price has since moved back above the said foothold, indicating that buyers are in control. A resurgence of buying pressure is likely to propel XRP price up to the immediate hurdle at $0.696. Clearing this barrier will present two further resistance levels for Ripple bulls to overcome - the 50% retracement level at $0.735 and the 2022 volume point of control at $0.768. For now, the market structure looks uncertain due to the choppiness of Bitcoin. Therefore, investors can expect a local top to form around $0.768, representing a 25% ascent from the current position at $0.615. XRP/USD 1-day chart A daily candlestick close below the $0.601 support level will produce a lower low and invalidate the bullish thesis. In such a case, XRP price is likely to crash to the $0.548 support level. https://youtu.be/hBoG1pklXYI
Watch: Eurozone labour market powers ahead

Is Crypto Market Crash Coming? Where to exit (ETH) Ethereum before it crashes to $1,700

FXStreet News FXStreet News 10.05.2022 16:50
Ethereum price bounces off the $2,200 support level after a 12% crash over the last three days. Investors can expect a retest of $2,541 before ETH crashes to $1,730 to collect the sell-stop liquidity. A three-day candlestick close above $3,079 will invalidate the bearish thesis by producing a higher high. Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation and caused a steep correction for ETH. Ethereum price provides an opportunity Ethereum price set three distinctive higher lows and two higher highs since the January 22 crash. Connecting the swing points using trend lines reveals an ascending parallel channel. This technical formation ideally results in a bearish breakout On May 6, Ethereum price breached the ascending parallel channel’s lower trend line, indicating a breakout. This downswing move caught traction and led to an 18% drop in ETH price in less than a week. At the time of writing, Ethereum price is trading around the $2,199 support level, where buyers seem to be scooping ETH up at a discount. However, considering where Bitcoin price stands, further downside seems more likely. Hence, investors need to be cautious and smart in buying the dips. There might, however, be a minor uptick in buying pressure that could push Ethereum price up to the $2,541 hurdle. This level is likely where the upside is capped for ETH before sellers take control. ETH/USDT 1-day chart Supporting this downswing in Ethereum price is the 30-day intraday Market Value to Realized Value (MVRV). This on-chain metric is used to determine the average profit/loss of investors that purchased ETH over the past month. Based on Santiment’s research, a value ranging from -10% to -15% is termed an “opportunity zone,” since the short-term holders are at a loss and are less likely to sell. However, for ETH, the local base was formed around -16%, which is where the MVRV is currently at and also explains the recent uptick in buying pressure. However, there is another potential base around -30%, where ETH stabilized after crashes in May 2021 and January 2022. Therefore, the chances of Ethereum price heading to $1,730 are high as portrayed by the MVRV 30-day chart. ETH 30-day MVRV intraday Further worsening the situation for bulls is the supply distribution seen across whales holding between 100,000 to 10 million ETH. The first set of wallets – those holding between 100,000 and 1,000,000 ETH – has dropped from 1,452 to 135 over the past three months. For the other group, these numbers have dipped from eight to five. The generalized decline in institutions holding Ethereum indicates that they are not confident in the performance of ETH price in the near future. ETH supply distribution Driving the bearish thesis home is the recent uptick in the supply of ETH on exchanges from 14.86 million to 15.37 million since April 20. This 3.4% surge indicates that investors are moving their tokens to centralized platforms to potentially sell and also adds credence to the outlook described in the supply distribution chart above. ETH supply on exchanges While the bearish outlook seems plausible, a spike in bullish momentum could alleviate the sell-side pressure. However, a three-day candlestick close above $3,079 will invalidate the bearish thesis by recovering its losses. In such a case, Ethereum price could further rally to $3,703 and set a higher high, confirming the start of an uptrend.
Ethereum Prices Should Hold Above Interim Support To Keep The Bullish Structure Intact

ETC Meaning. Altcoins: What Is Ethereum Classic (ETC)? How Has Ethereum Classic Price Changed?

Rebecca Duthie Rebecca Duthie 14.06.2022 13:38
Summary: What is the Ethereum Classic Platform and how does it work? Advantages of the Ethereum Classic exchange. Ethereum Classic’s past, present and future price positions. Read next: Altcoins: Yearn.Finance (YFI), What Is It - A Deeper Look Into The Yearn.Finance Platform  The Ethereum Classic Platform The Ethereum Classic platform exists in response to the contract censorship that exists on sister chain Ethereum. Ethereum Classic has managed to resist censorship against all odds, and has managed to deliver Ethereum's original vision of unstoppable applications. Ethereum Classic's main function is a smart contract network that has the ability to host and support decentralised applications (DApps). Ethereum Classic’s native token is ETC. Since its launch, Ethereum Classic strives to differentiate itself from Ethereum, and over time has succeeded as its roadmap is diverging further and further apart with time. Ethereum Classic combines the technology of Ethereum with Bitcoin’s philosophy, Ethereum Classic is uniquely placed perfectly to be the smart contract platform of the future, as other chains can become compromised or captured by special interests. Ethereum Classic has a market capitalization of more than $1.9 billion, a current circulating supply of more than 135 million ETC tokens, the ETC tokens are capped at 210.700 million. The Ethereum Classic blockchain is secured using the proof-of-work (PoW) network, however the blockchain has faced regular attacks due to its minority status. These attacks include several 51% attacks to gain control of mining hashrate and execute spurious transactions and double spend coins, the most recent one occurred in August 2020. Buying Ethereum Classic’s ETC ETC is a major market cap cryptocurrency and it is freely tradeable on many major exchanges. Pairs are available through other cryptocurrencies, fiat currencies and stablecoins whilst derivatives and institutional investment vehicles also exist on the platform. It is possible to purchase ETC through Ethereum, Binance and OKEx to name a few. Advantages of the Ethereum Classic platform Ethereum Classic is decentralised: like other cryptocurrencies, Ethereum Classic is decentralised with nodes spread around the globe. Ethereum Classic is the original Ethereum: Ethereum classic is the unaltered version of Ethereum, this is beneficial for those who believe that the Ethereum blockchain has changed too much since it was created. It supports dApps and smart contracts: Ethereum Classic is similar to Ethereum, technologically, and its ability to support dApps and smart contracts is one of Ethereum Classic’s greatest advantages. For these to function, they use Ethereum Classic as fuel, thus creating greater demand for the ETC coin. ETC is cheaper than Ethereum’s ETH: ETC may not have passed ETH, however it is still a large cryptocurrency. Ethereum Classic is trying to make ties with Ethereum: despite their differences, they recognise that by working together they can achieve more. ETC is being enhanced by IOHK (Input Output Hong Kong): since IOHK started working on the project, they have created Mantis, written natively for Ethereum Classic, its purpose is to mitigate attacks and improve security. Ethereum classic is appreciating in the long run Past, present and future prices for Ethereum Classic (ETC) After the launch of the Ethereum Classic network, the price rose almost immediately, the first spike in price that occurred towards the end of 2018 and saw the price go above $40, and was followed by a gradual but relatively substantial decline. Since the first peak in 2018 the price took more than 3 years to take off again, in June of 2021 ETC reached its highest price yet, reaching above the $125 level. Since its price peak in 2021, the price of ETC has been gradually declining. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, yearn.finance falls under this category. According to some analysts the future price of Ethereum Classic (ETC) could reach up to $62 by 2026 and could see a price of around $176 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. ETC Price Chart It should be kept in mind that ETC isn't primarily a payment mode but a decentralised blockchain that enables the creation of programmable applications and contracts Sources: trading-education.com, finance.yahoo.com, coinmarketcap.com, ethereumclassic.org, cryptonewsz.com

currency calculator

Komentarze rynkowe

JingRen
A Breakthrough! Japanese Yen (JPY) Helped By Data, Australian Dollar (AUD) Went Up Post Retail Sales Print
Jing Ren
KamilaSzypuła
ECB Will Continue To Hike Rates To Slow Inflation?
Kamila Szypuła
RebeccaDuthie
Euro To US Dollar Index Falls - Touching Levels Not Seen In 20 Years
Rebecca Duthie
KamilaSzypuła
Interest Rates Hiked. The Most Important Indicators Continue Their Downward Trend
Kamila Szypuła
RebeccaDuthie
Russia Suspends Flow Through The Nord Stream 1 Pipeline, Cotton Futures, Gold Prices Increase For The First Time In 3-weeks
Rebecca Duthie
AlexKuptsikevich
How Have BTC And ETH Performed Recently? Cryptocurrencies: Market Cap Increased Slightly, Telekom And Telefonica "Flirting" With Digital Assets
Alex Kuptsikevich
InstaForexAnalysis
This Week USD May Be Fluctuating! Euro To US Dollar - Technical Analysis And More - 10/10/22
InstaForex Analysis
INGEconomics
US Stocks: S&P 500 And Nasdaq Decreased Slightly Yesterday Losing 0.33% And 0.09% Respectively
ING Economics
AlexKuptsikevich
According to Bloomberg's survey Bitcoin may be trading between $17.6K and $25K
Alex Kuptsikevich
KamilaSzypuła
The Australian Dollar Failed To Hold Its Gains, The Pound Strengthened Against The US Dollar
Kamila Szypuła
KamilaSzypuła
BMW Was Fined 30,000 Pounds By CMA, Google Wants To Become More Productive
Kamila Szypuła
AlexKuptsikevich
Until FOMC meeting on December 14th, there could be no other catalyst for markets
Alex Kuptsikevich
AleksStrzesniewski
What’s more worrisome is the fact that we will continue to learn of all of the contagion and aftereffects of the FTX collapse in the coming weeks and months.
Aleks Strzesniewski
JingRen
Euro: 50bp rate hike is on the cards, but ECB decides shortly after Fed...
Jing Ren
AleksandrDavidov
Given the peculiarities of the US labor market and the high labor mobility, the acceptable unemployment rate is considered to be 5.0%
Aleksandr Davidov
AleksandrDavidov
From the fundamental point of view, these facts may become a game changer, sending the EUR/USD pair to the parity level
Aleksandr Davidov
FranklinTempleton
According to Franklin Templeton global stocks' performance may be better than global bonds
Franklin Templeton
INGEconomics
Did you know that in October average gas price was 4.3 times higher than in 2019?
ING Economics
IpekOzkardeskaya
Fed Chair Powell bears in mind inflation prints, but they seem to be insufficient for FOMC
Ipek Ozkardeskaya
IntertraderMarket News
Tesla (TSLA) sank a further 2.58% after Goldman Sachs lowered its price target on the stock
Intertrader Market News
CraigErlam
European Central Bank is expected to go for a less hawkish hike, but economic projections may be worth even more attention
Craig Erlam
AlexKuptsikevich
Switzerland: National Bank goes for a 50bps rate hike. Swiss inflation slowdown is impressing
Alex Kuptsikevich
INGEconomics
Analysts expect ECB to deliver two 50bps hikes in the first quarter with a chance of one more in Q2
ING Economics
INGEconomics
Sterling to euro exchange rate is expected to hit 0.89 in the first quarter of 2023
ING Economics
Crypto.comAccelerate the...
There is a chance Apple may let users install apps from outside the App Store boosting NFT
Crypto.com Accelerate the...
CraigErlam
Craig Erlam talks euro against US dollar amid central banks decisions
Craig Erlam
IntertraderMarket News
Netflix (NFLX) slumped 8.63%, as a media report said the video streaming firm is refunding advertisers after missing views targets
Intertrader Market News
GecoOne
Geco.one COO says Bitcoin reaching $250K in 2023 is considered as impossible by other analysts as BTC does not exceed $60,000
Geco One
EnriqueDíaz-Álvarez
Bank of England decision wasn't unanimous as one member voted for a 75bp hike with two other opting for inaction
Enrique Díaz-Álvarez
INGEconomics
Indonesia is the world's 6th largest bauxite producer. Country bans commodity export from June 2023
ING Economics
InstaForexAnalysis
Gold supported by, among others, changes on Japanese bond market, may end the year trading at a 4-month high
InstaForex Analysis
DanielKostecki
China reopens, Texas freezes - crude oil has to face contrasting factors
Daniel Kostecki
IntertraderMarket News
European stocks closed mixed. The DAX 40 fell 0.50%, the CAC 40 declined 0.61%, while the FTSE 100 rose 0.32%
Intertrader Market News
IpekOzkardeskaya
China's reopening seems to be a double-edged sword as energy and commodities prices will go up
Ipek Ozkardeskaya
INGEconomics
Auto production and general machinery increased significantly. South Korea Industrial Production as a whole gained 0.4%
ING Economics