Bitcoin Ethereum VEChain ChainLink Elrond Stellar CardanoCryptocurrency Australia
Quick take:
ETH fees on the Ethereum network have continued to skyrocket.
Yield Farming on DeFi platforms is one reason ETH fees are high.
Some users of Ethereum believe such high fees are unsustainable.
Ethereum (ETH) has however sidestepped the fud and broken the $400 price ceiling.
Quick take:
ETH fees on the Ethereum network have continued to skyrocket.
Yield Farming on DeFi platforms is one reason ETH fees are high.
Some users of Ethereum believe such high fees are unsustainable.
Ethereum (ETH) has however sidestepped the fud and broken the $400 price ceiling.
In summary:
Ethereum’s price is consolidating below $400 and above the $365 support zone.
A loss of $365 for ETH could break Ethereum’s bullish run in the crypto markets.
$365 was Ethereum’s peak value in 2019.
Quick take:
Majority of the popular DeFi applications are being built on Ethereum.
The popularity of DeFi has resulted in Ethereum reestablishing itself as the number one DApp platform.
4.3 Million ETH is now locked in DeFi platforms, up 800k since mid-July.
In summary:
Ethereum breaks $400 again, a record-high since mid-2018
The number of Ethereum active addresses surpasses mid-19 levels
Research shows that Active addresses positively influence ETH price
Ethereum (ETH) is gaining more than 3% to cross the coveted 400$ barrier for the second time this
Read more
In summary:
Bitmex Co-Founder and CEO, Arthur Hayes, sees Ethereum hitting $500 in the near future.
Ethereum continues to climb towards $400 even after its latest dip to $325.
Trading of ETH has become popular as Ethereum continues to benefit from DeFi and the progress of the ETH2.0 upgrade.
In brief:
After breaking $12k and $400, Bitcoin and Ethereum fell hard to $10,500 and $325.
Crypto traders were caught off guard with over $1 Billion in liquidations.
The volatility might just prove that we are in a crypto-wide bull market.
In brief:
Earlier today, Etheruem Classic experienced a chain split that hinted of a possible 51% attack.
Crypto exchanges were advised to pause deposits and withdrawals.
Investigations are still ongoing with an initial diagnosis hinting that the chain split was not malicious in nature.
Quick summary:
The short term correlation between Ethereum and Bitcoin is gradually dropping.
The drop could signal the end of a 3-year high correlation between BTC and ETH.
The last time Ethereum’s correlation with Bitcoin dropped significantly, was in 2017 and before the crypto-wide bull cycle.
In brief:
Ethereum turning 5 years old has had a bullish effect on the price of ETH.
Ethereum has bulldozed past several resistance levels including $320.
At its current momentum, ETH could retest the 2019 high of $365.