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Ethereum

Q: 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.

ETHUSD

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1742.730

+8.810+0.51%



Market Movers:Ethereum (ETHUSD) Fluctuated Significantly on Jul 9: Key Variables Behind the Move

Overview

Discussions

View Detailed Chart

TradingKey Chart

Time

15m

30m

Today

+0.51%

5 Days

+7.90%

1 Month

+3.24%

6 Months

-44.06%

Year to Date

-41.50%

1 Year

-32.86%

View Detailed Chart

TradingKey Chart

Key Data Points

Opening Price

1733.140

Previous Closing Price

1733.920

Price Range of the Day

1719.5901759.510

52-Week Price Range

1504.2404951.670

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.

15m

30m

15m

D

Neutral

Sell(5)

Neutral(4)

Buy(3)

Indicators

Sell(1)

Neutral(4)

Buy(1)

Indicators

Value

Direction

MACD(12,26,9)

45.932

Neutral

RSI(14)

51.882

Neutral

STOCH(KDJ)(9,3,3)

72.479

Neutral

ATR(14)

69.411

Low Volatility

CCI(14)

49.542

Neutral

Williams %R

27.380

Buy

TRIX(12,20)

0.021

Sell

StochRSI(14)

13.999

Oversold

Moving Average

Sell(4)

Neutral(0)

Buy(2)

Indicators

Value

Direction

MA5

1764.660

Sell

MA10

1726.352

Buy

MA20

1680.340

Buy

MA50

1780.419

Sell

MA100

2019.754

Sell

MA200

2239.605

Sell

Ethereum Trading Strategy

Intraday

Medium Term

Short Term

Trading Strategy

Our preference: rise to 1811.

Alternative scenario

the downside breakout of 1717 would call for 1685 and 1666.

Comment

rise to 1811.

57 minutes ago

Source: Trading Central(Reference Only)

Ethereum News

Ethereum (ETHUSD) Fluctuated Significantly on Jul 9: Key Variables Behind the Move

• U.S. spot Ethereum ETFs recorded four consecutive sessions of net inflows. • Macroeconomic expectations for monetary easing have increased investor appetite for digital assets. • Reduced unrealized losses and bullish derivatives positioning indicate stabilizing market sentiment.

TradingKey5 hours ago

Ethereum Price Forecast: Bulls reclaim dominance, but buying remains weak

Ethereum (ETH) has slowly seen a return of bullish dominance over the past few days after a lengthy period of bearish pressure. However, buying pressure remains weak despite registering nearly a 10% gain since the beginning of the month.

Fxstreet10 hours ago

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC faces renewed selling, ETH weakens, XRP risks deeper losses

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face renewed selling on Wednesday, extending their corrective move so far this week. BTC faced rejection at $64,000, and ETH failed to break above the 50-day Exponential Moving Average (EMA).

FxstreetWed, Jul 8

Ethereum Price Forecast: ETH derivatives flip bullish, but uptrend isn't leverage-driven

Following improving sentiment across the crypto market, Ethereum (ETH) briefly recovered the $1,800 level over the past week, recording roughly a 10% gain.

FxstreetTue, Jul 7

Crypto Today: Bitcoin, Ethereum, XRP struggle to build momentum despite returning ETF inflows

The cryptocurrency market continues to struggle with dominant headwinds, with Bitcoin (BTC) hovering around the short-term $63,000 support, Ethereum (ETH) holding below $1,800 and Ripple (XRP) testing the demand area at $1.13.

FxstreetTue, Jul 7

Ethereum (ETHUSD) Suddenly Goes down 1.22% on Jul 7: What You Need to Watch

• Ethereum prices corrected after encountering technical resistance following a sharp early-week recovery. • Spot Ethereum ETF outflows have ceased, supporting a more stable institutional demand floor. • Current market indicators suggest a consolidation phase amid a lack of new catalysts.

TradingKeyTue, Jul 7

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.

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1742.730

+8.810+0.51%