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Ethereum

ETHUSD
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2479.360

-8.950-0.36%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.38%

5 Days

+1.27%

1 Month

+29.17%

6 Months

+21.46%

Year to Date

-16.79%

1 Year

-42.88%

Key Data Points

Opening Price

2472.420

Previous Closing Price

2488.310
Price Range of the Day
2384.9702487.170
52-Week Price Range
1504.2404763.370

Recent

Analysis

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

The cryptocurrency market is broadly consolidating on Monday, with select assets posting modest gains. Bitcoin (BTC) remains resilient above $78,000 as investors anticipate a renewed push toward $80,000.

Fxstreet8 hours ago

Ethereum (ETHUSD) Volatility Intensified on Aug 31: What You Should Know

• Federal Reserve hawkish signals triggered macroeconomic de-risking and cryptocurrency profit-taking. • Technical resistance at $2,500 caused cascading long liquidations and leverage flushing. • Core network fundamentals remained resilient with active validator staking queues.

TradingKey16 hours ago

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses, ETH faces $2,500 resistance, XRP holds 200-day EMA key support

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have paused their gains after facing a slight pullback last week following their recent massive gains. BTC trades around $77,900 on Monday, and ETH faces selling pressure near the key $2,500 resistance level.

Fxstreet17 hours ago

Ethereum (ETHUSD) Is up 1.04% on Aug 29: Why It Happened

• Spot Ethereum ETFs and institutional demand provided continuous market support. • Ethereum successfully defended key support levels near the $2,400 pivot. • Technical indicators show buy signals while Williams %R suggests overbought conditions.

TradingKeySat, Aug 29

Ethereum Weekly Price Forecast: Profit-taking slows rally as network activity lags

Ethereum (ETH) has held firmly above $2,400 and traded near $2,500 this week after a sharp rally last week. However, upward momentum has slowed as investors appear to be taking profits after ETH moved above its average on-chain cost basis.

FxstreetSat, Aug 29

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin (BTC) is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. A daily close below $80,000 could raise the probability of an extended correction in search of liquidity.

FxstreetFri, Aug 28

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(2)
Buy(8)
Indicators
Sell(1)
Neutral(2)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
22.925
Buy
RSI(14)
74.269
Buy
STOCH(KDJ)(9,3,3)
62.184
Neutral
ATR(14)
116.768
High Vlolatility
CCI(14)
39.034
Neutral
Williams %R
12.443
Overbought
TRIX(12,20)
1.244
Sell
StochRSI(14)
14.709
Oversold
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
2469.652
Buy
MA10
2460.195
Buy
MA20
2239.666
Buy
MA50
2027.106
Buy
MA100
1894.578
Buy
MA200
2024.700
Buy

Ethereum Trading Strategy

Intraday
Medium Term
Short Term
The downside prevails as long as 2,491 is resistance, with 2,389 and 2,372 as targets

Trading Strategy

The downside prevails as long as 2,491 is resistance, with 2,389 and 2,372 as targets

Alternative scenario

above 2,491, look for 2,520 and 2,537.

Comment

The downside prevails as long as 2,491 is resistance, with 2,389 and 2,372 as targets

44 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

2479.360
-8.950-0.36%
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