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Ethereum

ETHUSD
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2442.020

+12.680+0.52%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

+0.54%

5 Days

+29.86%

1 Month

+26.93%

6 Months

+25.36%

Year to Date

-18.02%

1 Year

-49.59%

Key Data Points

Opening Price

2428.460

Previous Closing Price

2429.340
Price Range of the Day
2354.0302480.920
52-Week Price Range
1504.2404951.670

Recent

Analysis

Ethereum (ETHUSD) Is down 1.05% on Aug 23: What Do On-Chain Data and Market Sentiment Show?

• Ethereum pulled back as short-term profit-taking followed a sharp price rally. • Technical indicators like the RSI and Williams %R suggest overbought conditions. • On-chain metrics remain supportive with low exchange reserves and high staking.

TradingKey15 hours ago

Ethereum (ETHUSD) Is up 3.23% on Aug 22: What Are the Risk Factors?

• Improved macro liquidity and spot ETF inflows drove Ethereum momentum. • Technical resistance breakouts triggered significant short-covering and derivatives liquidations. • Long-term holders exhibited low profit-taking alongside strong on-chain metrics.

TradingKeySat, Aug 22

Ethereum Price Forecast: ETH soars above $2,500 as US interest improves

Ethereum (ETH) is up 8% on Friday, extending its rise above $2,500, its highest level since mid-April.

FxstreetFri, Aug 21

Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows

The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.

FxstreetFri, Aug 21

Ethereum (ETHUSD) Is up 1.19% on Aug 21: Key Drivers to Watch

• Ethereum capital inflows surged due to eased macro liquidity and spot ETF demand. • Technical breakouts and short liquidations accelerated buying pressure across major cryptocurrency exchanges. • Indicators show a buy signal with overbought conditions requiring close market monitoring.

TradingKeyFri, Aug 21

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls in control with BTC heading toward $80,000, ETH $2,500, XRP $1.50

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are extending their rallies as bullish momentum strengthens and continue to cheer the US Treasury’s decision to double its debt buyback operations. BTC has climbed nearly 20%, ETH over 25% and XRP nearly 30% so far this week.

FxstreetFri, Aug 21

Indicators

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Buy
Sell(1)
Neutral(0)
Buy(8)
Indicators
Sell(1)
Neutral(0)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
123.434
Buy
RSI(14)
86.373
Overbought
STOCH(KDJ)(9,3,3)
87.634
Overbought
ATR(14)
87.126
High Vlolatility
CCI(14)
121.771
Buy
Williams %R
12.859
Overbought
TRIX(12,20)
0.725
Sell
StochRSI(14)
83.000
Overbought
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
2368.016
Buy
MA10
2129.317
Buy
MA20
2012.998
Buy
MA50
1917.600
Buy
MA100
1868.098
Buy
MA200
2006.576
Buy

Ethereum Trading Strategy

Intraday
Medium Term
Short Term
The configuration is positive.

Trading Strategy

The configuration is positive.

Alternative scenario

below 2,424, expect 2,399 and 2,384.

Comment

The upside prevails as long as 2,424 is support, with 2,479 and 2,494 as targets

30 minutes ago
Source: Trading Central(Reference Only)

More Details of Ethereum

Ethereum, a decentralized open-source blockchain, features its native cryptocurrency, Ether (ETH). Serving as a platform for numerous other cryptocurrencies, it also facilitates the execution of decentralized smart contracts. Initially described in a 2013 whitepaper by Vitalik Buterin, Ethereum secured funding through an online public crowd sale in summer 2014, raising $18.3 million in Bitcoin. The Initial Coin Offering (ICO) price for Ethereum was $0.311, with over 60 million Ether sold. Considering Ethereum’s current price, the investment has yielded an annualized return on investment (ROI) of over 270%, effectively quadrupling the initial investment annually since 2014. The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since its inception, Ethereum has undergone several significant network updates: “Constantinople” on February 28, 2019, “Istanbul” on December 8, 2019, “Muir Glacier” on January 2, 2020, “Berlin” on April 14, 2021, and the “London” hard fork on August 5, 2021. Ethereum aims to become a global platform for decentralized applications (dApps), enabling users worldwide to write and run software that is resistant to censorship, downtime, and fraud.

What was the Ethereum Merge?

The "Merge" referred to Ethereum's transition from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) validation system. Ethereum's core developers had been pushing for this transition for many years, hoping that a PoS model would make the network easier to scale without sacrificing decentralization. Developers also stated that PoS could reduce Ethereum's environmental impact. In 2022, Ethereum renamed its transition from proof-of-work to proof-of-stake, previously known as "Ethereum 2.0", to "The Merge". The Merge went live on September 15, 2022, after the successful merging of the Goerli testnet on August 11, 2022. The Merge process involved fusing the original PoW Ethereum mainchain with the new PoS Beacon Chain. During the Merge, all the transaction data and decentralized applications (dApps) on the PoW Ethereum migrated to the new PoS chain.

What makes ETH unique?

Unlike a typical cryptocurrency, Ethereum is a decentralized platform that enables the development of decentralized applications (dApps) and smart contracts. This means Ethereum is not controlled by any company, institution, or other centralized authority. The combination of Ethereum's cryptocurrency functionality and its digital platform capabilities gives it the potential to significantly transform how we conduct business and exchange value over the internet.

Is Ethereum better than Bitcoin?

Compared to Bitcoin, Ethereum has some unique advantages: -- Ethereum has no supply cap, while Bitcoin has a maximum supply limit. -- Ethereum supports the development of smart contracts and decentralized applications, while Bitcoin is more solely a payment mechanism. This gives Ethereum a broader range of use cases. However, the two cryptocurrencies each have their own pros and cons, and may be suitable for different use cases. Whether one is "better" than the other depends on the specific needs and requirements.

Ethereum

2442.020
+12.680+0.52%
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