Why Ethereum (ETH) See Another “Liftoff” if It’s Able to Hold One Crucial Level

Ethereum is holding gains above the $3,100 support zone against the US Dollar. ETH price could accelerate further higher if it clears the $3,330 resistance zone. Ethereum started a fresh increase and it even spiked above the $3,300 level. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless it declines below the $3,120 support zone.…

Ethereum (ETH) Steadies Above $3K, What Could Trigger Fresh Drop

Ethereum is holding gains above the $3,000 support zone against the US Dollar. ETH price is now facing resistance near the $3,150 and $3,180 levels. Ethereum started a downside correction after it failed to stay above $3,200. The price is now recovering above $3,100 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline unless it surpasses the main $3,180 resistance zone. Ethereum Price…

Ethereum price drops below $3K, but ETH options data reflects optimism

Ether’s (ETH) 81% rally over the last three weeks caught professional traders off-guard, and this week’s upcoming options expiry reveals that of the $430 million in contracts set to expire, only 7% of the neutral-to-bearish put options will be available if Ether holds above $3,200 on Aug. 13. Ether price in USD at Coinbase. Source: TradingView Curiously, the crypto market is holding its recent strength despite the Senate’s ‘crypto-critical’ infrastructure deal that recently passed. Although the $1 trillion infrastructure bill may encounter some lengthy hangups in the House of Representatives,…

Ethereum’s London hard fork sets ETH on a more deflationary path

The London hard fork of Ethereum, which went live on Aug. 5, ushered in a new era for the transition to Ethereum 2.0, a complete proof-of-stake (PoS) blockchain. In fact, the London upgrade is the penultimate step on the way to the final transition to PoS scheduled sometime in 2022. The upgrade got triggered almost on time at 12:33 pm UTC at the block height of 12,965,000. Along with the highly anticipated Ethereum Improvement Proposal (EIP) 1559, this upgrade brings four other EIPs to the network, EIP-3554, EIP-3541, EIP-3198 and…

Why Ethereum (ETH) Bulls Keeps Pushing, Why Rally Isn’t Over Yet

Ethereum is holding gains above the $3,200 resistance zone against the US Dollar. ETH price remains attractive and it might continue to rise towards the $3,350 resistance. Ethereum is trading nicely above the $3,100 and $3,150 support levels. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating and it is likely to extend gains above the $3,250 level. Ethereum…

Why Ethereum (ETH) Could Accelerate Above $3,200, Dips Remain Attractive

Ethereum is holding gains above the $3,000 pivot zone against the US Dollar. ETH price is likely to accelerate higher if there is a clear break above the $3,200 resistance zone. Ethereum is trading nicely above the $3,000 and $3,050 support levels. The price is now trading above $3,100 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume its rally once it clears the…

Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time

Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s revenue beat analyst predictions — with industry standard financial estimators Refinitiv forecasting $1.78 billion in expected revenue for the firm. Coinbase’s earnings per share came in at $3.45, compared to estimates of $2.33. The trading platform posted a net profit of $1.6 billion in Q2, a whopping increase of 4,900% compared…

Ethereum (ETH) Gearing For Another Lift-Off, 100 SMA Is The Key

Ethereum started a fresh increase above the $3,000 resistance against the US Dollar. ETH price is now consolidating gains and it could surge further above $3,200. Ethereum found support near $2,900 and it started a fresh increase. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume its rally once it clears the $3,200 and $3,300…