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Ethereum

ETHUSD
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1876.150

-42.080-2.19%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
D

Today

-2.15%

5 Days

-0.23%

1 Month

+7.48%

6 Months

-11.47%

Year to Date

-37.00%

1 Year

-56.21%

Key Data Points

Opening Price

1917.420

Previous Closing Price

1918.230
Price Range of the Day
1865.5001935.700
52-Week Price Range
1504.2404951.670

Recent

Analysis

Ethereum (ETHUSD) Is down 1.12% on Aug 10: What Do On-Chain Data and Market Sentiment Show?

• Ethereum price declined due to tight credit conditions and thin August trading liquidity. • Federal Reserve policy uncertainty has caused a reduction in market risk exposure. • Spot Ethereum ETFs saw five weeks of inflows despite broader market selling pressure.

TradingKey7 hours ago

Crypto Today: Bitcoin, Ethereum, XRP eye short-term recovery amid ETF inflows

Cryptocurrency prices are gaining traction on Monday, with Bitcoin (BTC) trading above $65,000, Ethereum (ETH) holding the near-term $1,900 support and Ripple (XRP) hovering above the critical $1.00 demand zone.

Fxstreet9 hours ago

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC bulls strengthen, ETH eyes breakout, XRP rebounds

Bitcoin (BTC) and Ethereum (ETH) show signs of strength as bulls defend key support on Monday after gaining 2% and 1.3% in the previous week. Meanwhile, Ripple (XRP) recovers mildly at the start of the week on Monday after sliding over 5% last week.

Fxstreet18 hours ago

Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions

Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout.

FxstreetFri, Aug 7

Ethereum Weekly Forecast: Calm before a bullish breakout

Ethereum (ETH) continues to trade sideways, hovering around $1,901 on Friday, hinting at a potential breakout ahead. Meanwhile, steady Exchange Traded Funds (ETFs) inflows and rising accumulation among large ETH holders suggest that bullish pressure could be building beneath the surface.

FxstreetFri, Aug 7

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1

Bitcoin (BTC) and Ethereum (ETH) remain under pressure on Friday after mild gains, while Ripple (XRP) slides over 5% so far this week. BTC faces rejection near a key resistance barrier, and ETH has been trading sideways for the last 22 days.

FxstreetFri, Aug 7

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
Sell
Sell(9)
Neutral(3)
Buy(1)
Indicators
Sell(4)
Neutral(3)
Buy(0)
Indicators
Value
Direction
MACD(12,26,9)
-7.857
Neutral
RSI(14)
50.242
Neutral
STOCH(KDJ)(9,3,3)
61.863
Sell
ATR(14)
53.345
Low Volatility
CCI(14)
3.631
Neutral
Williams %R
55.858
Sell
TRIX(12,20)
0.153
Sell
StochRSI(14)
0.000
Sell
Moving Average
Sell(5)
Neutral(0)
Buy(1)
Indicators
Value
Direction
MA5
1905.830
Sell
MA10
1890.156
Sell
MA20
1893.488
Sell
MA50
1805.484
Buy
MA100
1899.096
Sell
MA200
2045.080
Sell

Ethereum Trading Strategy

Intraday
Medium Term
Short Term
The downside prevails as long as 1,902 is resistance, with 1,846 and 1,832 as targets

Trading Strategy

The downside prevails as long as 1,902 is resistance, with 1,846 and 1,832 as targets

Alternative scenario

above 1,902, look for 1,925 and 1,939.

Comment

The downside prevails as long as 1,902 is resistance, with 1,846 and 1,832 as targets

an hour 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

1876.150
-42.080-2.19%
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