Ether Price Outlook Gloomy After Again Falling Below $1k
Ether Price Outlook Gloomy After Again Falling Below $1K The price of ether, ethereum's native token, is likely to head south unless the bulls can quickly pull the price back over $1,160 levels, price chart analysis indicates. On Coinbase's GDAX exchange, ether hit a one-week low of $905 at 11:50 UTC today. A sharp recovery from the last week's low of $757 ran out of steam at $1,164 over the weekend. The subsequent drop to sub-$1000 levels has left a lower high (bearish action) on the charts. As of writing, the cryptocurrency is changing hands at $930 levels on GDAX exchange. ETH has depreciated by 8 percent in the last 24 hours, according to data from OnChainFX . Further, prices are down 20 percent from the weekend high of $1164. Still, the technical charts are now showing oversold conditions. The price charts indicate that ether will mostly likely erase the 22 percent gains made since last week's low of $757 in a slow and steady manner over the next couple of days. The above chart (prices as per Coinbase) shows: ETH left a lower high at the key 61.8 percent Fibonacci retracement level of $1,166.71 over the weekend. The decline witnessed in the following 24 hours yielded a bearish crossover between the 50-day moving average (MA) and 100-day MA (short-term average cuts long-term average from above). The rejection at 61.8 percent Fibonacci level indicates the corrective rally has ended and the bears have regained control. 50-day MA carries a strong bearish bias (sloping downwards), while the 100- and 200-day MAs are neutral. The relative strength index (RSI) shows scope for further losses (being below 50.00) and well short of the oversold territory (below 30.00). The daily RSI shows a triple top breakdown -like pattern, indicating potential for a sell-off back towards t Continue reading >>
Why Is Ripple Price Going Down And Ethereum Rising? Bitcoin-style Cryptocurrencies Compared
Why is Ripple price going down and Ethereum rising? Bitcoin-style cryptocurrencies compared Ethereum and Ripple are two of the most popular cryptocurrencies (Picture: Shutterstock) Jasper Hamill Wednesday 10 Jan 2018 3:41 pm Watching the movements of cryptocurrency markets can make you feel a little seasick. And now the alt-coins Ripple and Ethereum have both entered choppy waters, you might be feeling a bit nauseous if youve got any money invested in them. Last week, Ripple (which is referred to as XRP) was the talk of the town amid rumours investors would soon be able to buy and sell it on the easy-to-use platform CoinBase. This sparked so much excitement that Ripple soared to record heights and briefly made its founder as rich as Mark Zuckerberg. But now Ripple is on the slide , plunging from a high of about $3.80 (2.80) to $1.90 (1.40) in less than a week. Ethereum (ETH or Ether), on the other hand, has been on the up all year. Its interesting because the blockchain which records transactions can also store other information such as contracts and even computer programmes. This chart shows the rise and rise of Ethereum over the past month (Chart: CoinDesk) Ripple has slumped in value over the past week (Chart: CoinDesk) We spoke to two crypto experts to find out what was happening. Benjamin Dives, CEO of the London Blockchain Exchange (BLX), blamed the price fall of Ripple blamed on a decision by the website CoinMarketCap, which removed prices from South Korean exchanges from its calculations of digital currency rates without any warning. He told us: The recent fall in price of Ripples XRP token could be attributed to numerous factors including the recent exclusion of Korean market prices on CoinMarketCap, investors taking profit, or simply just a healthy market cor Continue reading >>
Why Is Ethereum Skyrocketing Right Now?
There are several bullish factors in favor of Ethereum right now: Increased public awareness and legitimacy While the general public is just becoming aware of Ethereum, it already also has the backing of major global corporations. The recently formed Enterprise Ethereum Alliance consists of giants such as Intel, J.P. Morgan, and Microsoft. The EEA launched on Feb 28, 2017 with 30 members. In the first three months it has already added 88 additional members and has received hundreds of new applications. Major corporations have recognized the incredible potential of Ethereum and are rushing to capitalize on it. Just like the price, interest in Ethereum has gone parabolic in 2017. It stands to reason that the increased interest is also leading to increased demand. 2) The addition of fiat currency on ramps Here are a few of the major exchanges have added Ethereum in the past few months. These are all exchanges that allow conversion of fiat currency directly into ether. Previously the only way to acquire ether was to trade bitcoin for it using Poloniex, Shapeshift, or other altcoin exchanges. There was pent up demand from people who didnt have an easy way to buy ether. Now that users can directly convert their fiat currency into ether using familiar platforms, the price is increasing as that demand is being realized. 3) Bitcoin squandering network effect due to civil war and scaling issues Even a year ago, the first-mover advantage that Bitcoin enjoyed seemed insurmountable. However, Bitcoin has stagnated and Ethereum is quickly catching up. There were 200,419 transactions on the Ethereum blockchain on 6/6/2017. Here is a chart of the confirmed transactions on the Bitcoin blockchain. There are already over two-thirds as many transactions on the Ethereum blockchain as the Bi Continue reading >>
Top 3 Ethereum Project Price Predictions For 2018
You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>
Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider
A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Cryptocurrencies swing wildly on Friday, with bitcoin falling as low as $7,700 per coin before rebounding sharply. Ethereum, Litecoin, bitcoin cash, and Ripple all followed a similar pattern. Concerns over regulation, an advertising ban from Facebook, and investigations into the cryptocurrency tether have all hurt sentiment during European trading. UPDATE: Bitcoin is back below $8,000 per coin on the morning of Monday February 5. Click here for the full story. LONDON Cryptocurrency markets are swung wildly on Friday, after a major early morning crash gave way to an afternoon rebound. During European morning trade on Friday, the price of virtually every major cryptocurrency dropped more than 15% as investors remained spooked following bitcoin's fall below the key $9,000 support level on Thursday. "The wheels are coming off the bitcoin bandwagon," Neil Wilson, a senior market analyst with ETX Capital, said in an email this morning. "The regulatory crunch appears closer than ever and sooner or later this market could be headed back down to earth. Selling pressure at the moment is intense as there has been nothing but bad news for bitcoin bulls of late." Bitcoin crashed as low as $7,700 during the collapse, losing roughly 15% of its value at one point. Other major cryptos fell even further, with Ethereum down as much as 23% at one point. By the European afternoon, however, prices have bounced back sharply, and by 4.50 p.m. GMT (11.45 a.m. ET) bitcoin was actually in positive territory on the day, trading at $9,130. Although there was no immediately obvious catalyst for the rebound, it coincid Continue reading >>
Ethereum Classic Price May Reach A New All-time High Later Today
After yesterdays negative trading pressure, most cryptocurrency markets are showing some positive momentum as of right now. The Ethereum Classic price shows a lot of upward momentum as of right now, thanks to a solid 17.7% gain in the past 24 hours. Whether or not this means the Ethereum Classic price will surpass $40 or higher later today, remains a big question, though. Ethereum Classic Price is Looking Pretty Solid It has become rather evident most cryptocurrency markets will see a strong bounce throughout 2018. Even though it is unclear whether or not that means we will see significant increases in the coming days or weeks, the momentum is certainly turning in favor of cryptocurrencies once again. Especially in the altcoin department, things are looking up once again, which is positive news for the people speculating on the Ethereum Classic price as of right now. To put this into perspective, the Ethereum Classic price has risen by 17.7% in the past 24 hours. That in itself is a rather significant gain for any cryptocurrency, let alone an altcoin. This massive increase puts the Ethereum Classic price back above $38.4, and it is likely we will see it hit $40 in the coming hours. Reaching a new all-time high is not out of the question either, although the Ethereum Classic price will need to push past $45.51 to make that happen. It is also worth noting the Ethereum Classic price is rising thanks to solid gains in the ETC/BTC ratio. With Ethereum Classic rising by 12.11% in favor of Bitcoin, it is evident there is a lot more progress to be made in the future. After all, most altcoins are trying to decouple from Bitcoins volatility as of right now, yet very few of them are successful in doing so. Every new rise in the altcoin/BTC ratio will bring us one step closer to s Continue reading >>
Litecoin Price: Why It Shot Up 30%, Far More Than Bitcoin, Ethereum | Stock News & Stock Market Analysis - Ibd
Litecoin led the cryptocurrency rally Wednesday, vaulting more than 30% as anticipation builds for the launch of payment processor LitePay and an upcoming fork of its Blockchain. XLitePay will allow businesses to accept Litecoin payments from customers anywhere in the world. It also will let users "load your card with dollars using any Litecoin wallet" and "spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM," according to the LitePay website . The move is seen to spur the mainstream adoption of the digital currency which is fifth largest behind Bitcoin, Ethereum, Ripple and Bitcoin Cash. Litecoin jumped 30% to $208.40 Wednesday. Its larger peers posted gains ranging from 7% to 9%. Bitcoin crossed above the $9,000 mark Wednesday after a tumble below $6,000 in early February, but sits well belowall-time highs of $20,000, according to Coindesk . Litecoin's surge is also being attributed to an upcoming fork of its Blockchain called Litecoin Cash, or LCC. "For every 1 LTC you hold at the fork block, you'll receive 10 LCC," the Litecoin Cash website says. The Litecoin fork is expected to take place Sunday. IBD'S TAKE:Bitcoin lost more than half its value in just a few weeks, leaving many investors with big losses. Get ahead of the curve by watching IBD's special online webinar that will explain how to use cryptocurrency charts to buy right and lock in profits. Among Bitcoin-related stocks and equities,Riot Blockchain ( RIOT ) rose about 3% on the stock market today ,Long Blockchain ( LBCC ) rallied 6.1%,Overstock.com ( OSTK ) gained 4.8%,Marathon Patent Group ( MARA ) climbed 7.7%, andBitcoin Investment Trust ( GBTC ) soared 13.7%. All are recovering from sharp recent sell-offs and remain stuck below their 50-day moving averages . Continue reading >>
Ethereum Price Could Hit 'near Zero'founder Vitalik Buterin | Fortune
Vitalik Buterin (@VitalikButerin) February 17, 2018 Buterin isnt kidding about the volatility. One Ether coin was worth around $13 a year ago but currently costs $950. In the last couple months alone, its gone as high as $1,400 and as low as $580. Bitcoin, meanwhile, has undergone multiple crashes over the same period, although it is currently heading north again (at $11,050, its up 5% on the day). While it may seem unusual to see a major cryptocurrency player adopting a note of caution more readily associated with Wall Street giants and financial regulators , rather than making wild claims about future growth , Buterin is a relatively cautious figure on the scene. More than once, Buterin has warned investors about bubbles and volatility in the cryptocurrency world. In December, he criticized some players for being obsessed with flaunting their cryptocurrency-derived wealth, arguing that they should instead be thinking about how to use the technology for achieving something meaningful for society. Cryptocurrency media is now, even if out of ignorance/stupidity, complicit in making twitter scams look more legit. Also, the ECF is *not* an EF initiative; it's an independent community organization with some EF participants as advisors. Vitalik Buterin (@VitalikButerin) February 18, 2018 At the moment, he is also deeply annoyed about people impersonating him on Twitter in order to defraud others of their Ethereum. Continue reading >>
Crypto Watch: Ethereum On The Rise -- Ether (eth) Price Up 24% In 2 Days
Crypto Watch: Ethereum On The Rise -- Ether (ETH) Price Up 24% In 2 Days I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own. A replica "ether" cryptocurrency coin in seen in this photo illustration on November 8, 2017. Ether is a token in a distributed network computing system named Ethereum which allows the cryptocurrency to be used and traded. (Photo by Jaap Arriens/Sipa USA) (Photo by Jaap Arriens/NurPhoto via Getty Images) Ether (ETH) maintains #2 spot by market cap andbecomesthe sixth-fastest growing cryptocurrency in the world. Where December saw major gains for the global cryptocurrency market, January has seen a series of corrections that have brought it back closer to pre-December numberstemperingsome of the community'swild excitement and runaway speculation. In general, even coins exhibiting positive growth are doing so more modestly than the 100+ percent gains we routinely witnessed last month. In particular, Ether, the native asset of Ethereum, has seen its share of volatility, at one point dropping from $1426.34 to $780.92a drop ofover 45 percentin just 4 days. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] But the past few days have shown Ethereum making a comeback. According to CoinMarketCap, the price of ETH was $998.03 at 2:04am PST Friday, Jan. 26. By12:15pm on Sunday, Jan. 28, that price is now$1,236.18. This marks a growth of just under 24 percent in just over two dayswith a 15 percent bull run occurring overnight Saturday into Sunday. Continue reading >>
(eth) Ethereum Price: Drop Expected To Take Eth To $600!
(ETH) Ethereum Price: Drop Expected to Take ETH to $600! Ranked second only to Bitcoin, Ethereum is one of the most popular cryptocurrencies in the markets. The technology that powers Ethereum has been hailed by many as one which may even replace Bitcoin some day. However, for now, Ethereum plays the second fiddle. Ethereum prices jumped by 9000% over the past year attracting millions of new investors. However, Q1 2018 doesnt look as promising as Q4 2017 was. Over the past 24 hours, Ethereum price has remained quite static, falling by a mere 0.20%. Ethereum began the day at $848.50 and closed in at $848. While the last 24 hours arent indicative of much, the past week tells us a lot about Ethereums recent performance. Ethereum began the week at a price of $935, from where it fell to a low of $798. It was followed by a slight surge which took the prices back up to $850. However, it now appears that theres another downtrend forming and one which is bigger than what weve seen this week. Ethereum price has been going through multiple ups and downs over the past few weeks. However, if market experts are to be believed, Ethereum is likely to enter a downtrend which would drop the prices to a low of $600 which is a drop of about $250 from where the currency stands now. Expected movement of Ethereum price | Image; Tradingview Ethereum entering this downtrend would not be an isolated incident as other cryptocurrencies such as Bitcoin, NEO and Bitcoin Cash too, are expected to go down the same path. However, Ethereum has shown a great tendency to bounce back from these lows. Earlier this year, the price had dipped to a low of $500 from where it bounced back to $1,000 in less than 10 days! Ethereum, with a market cap of $83 Billion is a strong player in the cryptocurrency markets. Continue reading >>
Ethereum Is Kind Of Rising
Ethereum is kind of moving today. Like, a bit. The currency rose from $820 to $890 before shying away to $875 because presumably it got a bit scared of $900. That means it now stands where it was yesterday and the few days before for pretty much most of the week, but there was movement in the meantime, its not like nothing happened. And if we zoom in for the day we can see a nice higher highs and higher lows, but if we zoom out a bit its more of an up and down in a straight line. Thats because the market is consolidating and doesnt really know what to do. One minute it likes $900, the other minute it wants $800. Making it a fairly relaxing trading period as you can just buy at $800 and sell at $900. Thats until eth being eth makes you miss the boat or holding the bag. The story is similar for other digital currencies, including bitcoin, but trading volumes are slightly rising, although really they are kind of the same. Its just that finger tapping time and watching paint dry as bulls and bears eye each other in a chicken stare down with neither very sure whether they should charge. Eventually theyll decide, but for now they are being as unsure as the weather in London where it snowed for 20 minutes, and it even settled, to then instantly present clear blue skies with sunshine. You dont get this kind of sunshine even during summer, but it had to go and do it right when everyone was about to go play in the snow. Typical. Eth isnt being much different really. As soon as bulls get happy for 20 minutes we get bears out to play straight away with their ping pong paddles ready. So off to real news because nothing is happening here, but maybe soon-ish something will happen after breakouts are called for the thousandth time. Just no poking with a stick. Continue reading >>
Ethereum Price Drop Today: Is Ethereum Dead? Will The Crypto Go Back Up?
Ether is under bearish pressure as it declined below $685.00 and further to $675.00 supports against the US dollar. FX Empire analyst Yaron Mazor was less optimistic about the bearish crypto performance, warning the market has been unstable since He said: Ethereum is within a dangerous range for speculators. The current price of Ether is near 690 US Dollars per coin. Extremely important support for Ethereum lurks around $624. And should that support juncture fail to hold, speculators could be concerned Ether may aim for its late November and early December ratios between 500 and 400 US Dollars per coin. Ethereum has been under a wave of pressure the past week without any sustained buying yet to emerge short term. Coin Telegraph also warned Ethereum could continue to plunge if this bearish trend continues. Ethereum price drop: The price is down on March 15 Ethereum price drop: all major cryptocurrencies are in the red today Ramesh Upadhyay wrote: In the past four days, Ethereum failed to break out of the tight range of $745 to $654. Today, March 14, the bears are attempting to break down of the range. If successful, the ETH/USD pair can decline to the next support level of $565.54. Below this, the next support lies at $500. The downtrend is intact as the price continues to trade below both moving averages and inside the descending channel. Unless the bulls engineer a quick turnaround, the cryptocurrency will continue plunging. Continue reading >>
Ethereum Price News: Why Is Ethereum Dropping Today? Eth Going Down
Ethereum price news: Why is ethereum dropping today? ETH going down Ethereum price news: Why is ethereum dropping today? ETH going down ETHEREUM is one of many of the major cryptocurrencies that suffered losses on opening this morning as ETH dipped by more than five percent. Why is ethereum dropping today? The second largest cryptocurrency by market cap has suffered new losses today in a morning where all the major cryptos are in the red. ETH dropped down to$851.05 today, a loss of 5.04 percent, as of 9am on February 22. The market cap currently stands at $83.2 billion and some $2.2 billion was traded on exchanges over the past 24 hours. But why has the token fallen into the red today, February 21? Venezuelas Ethereum-based Petro is desperate attempt to bypass U... The cryptocurrency largely held steady at around the $900 mark in February, apart from a drop to $585 on Feb 6 - recovering the following day. But today Ethereum dropped below the $900 mark again as all other cryptos also recorded losses. Ripples price dropped to 1.06 today, as of 8.20am on February 21, down 7.69 percent. Bitcoin was also down by -2.85 percent, recording a price of $11,175.70. Continue reading >>
Ethereum Price Analysis. Is Eth/usd Rising Back Up?
Ethereum Price Analysis. Is ETH/USD Rising Back Up? Ethereum price analysis: rising back is a promising sign. Although ETH price has been under immense bearish pressure lately , falling to as low as $574.42 today, it looks to be on the rise once again A bullish trend line is forming a resistance at $740 ETH was able to hold a support level of $680 earlier today ETH just like most cryptocurrencies hasnt been doing well over the past week, and signs were not overly promising until today. Now, it seems a bullish trend has been formed, as the coin was able to hold a support of $680 and did not fall toward its 23.6% Fibonacci retracement level of $560 during the past few hours. An upside move today could see ETH testing a new resistance at $740. In addition to a bullish trend, the Bollinger bands and MACD lines also give a cogent signal that ETH is moving up. At the time of writing, ETH is trading at $731.04 and gradually creeping towards the $740 resistance. An upward trend has formed (ETH now in bullish territory) Bullish signals sent by MACD indicator and Bollinger bands Continue reading >>
Bitcoin, Ethereum, Ripple Prices Rise On February 8 - Business Insider
A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Major cryptocurrencies are all rising on Thursday but bitcoin is still down 20% over the last 7 days. World Bank Group President Jim Yong Kim compared cryptocurrencies to Ponzi schemes. LONDON Cryptocurrencies are rallying strongly on Thursday. After getting hosed earlier in the week , all major cryptocurrencies are solidly in the green by Thursday lunchtime in Europe. Here's how the scoreboard looks at 12.15 p.m. GMT (7.15 a.m. ET): Mati Greenspan, an analyst with trading platform eToro, said in an email: "The bounce in the crypto markets continued. Thanks in large part to a softer than expected stance from US regulators." Regulators said they are taking a "do no harm approach" to the crypto market during a Senate hearing on Wednesday. Despite the rally, bitcoin is still down around 20% over the last 7 days, as the chart at the top illustrates. The London Block Exchange, a UK bitcoin startup, writes in its daily market report on Thursday: "As we approach the weekend - traditionally a period with less trading volume and therefore more prone to wild movements, with a tendency to dip - we continue to recommend closely watching bitcoin's price to gauge the direction of the crypto markets. "While today's early hours have been positive, with bitcoin rising 8% and leaving the past day's bear channel, it's impossible to predict the short-term direction." The rally in the market comes despite more skepticism from the world of traditional finance. World Bank Group President Jim Yong Kim compared cryptocurrencies to Ponzi schemes at an event in Washington on Wednesday night. Bloomberg reports that Continue reading >>