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Ethereum

ETHUSD
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2487.800

-9.130-0.37%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.34%

5 Days

+0.00%

1 Month

+30.65%

6 Months

+25.56%

Year to Date

-16.48%

1 Year

-41.79%

Key Data Points

Opening Price

2509.360

Previous Closing Price

2496.930
Price Range of the Day
2463.9502533.650
52-Week Price Range
1504.2404763.370

Recent

Analysis

Crypto Today: Bitcoin, Ethereum, XRP falter despite steady spot ETF inflows

Cryptocurrency prices are facing a broad correction on Monday, following failed attempts to break through key resistance levels. Bitcoin (BTC) is retreating toward $79,000 at the time of writing, pressured by ongoing profit-taking and persistent macroeconomic headwinds.

Fxstreet7 hours ago

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) maintain a constructive outlook on Monday after gaining more than 3.4%, 4% and 4.8%, respectively, last week. BTC holds steady near $80,000 while ETH and XRP show resilience and defend key support zones.

Fxstreet14 hours ago

Ethereum (ETHUSD) Is up 1.28% on Sep 6: Key Drivers to Watch

• Macroeconomic improvements and Fed policy expectations increased digital asset risk appetite. • Spot Ethereum ETFs drove sustained net positive weekly inflows and institutional demand. • Staked supply constraints and technical indicators influenced Ethereum market positioning.

TradingKeySun, Sep 6

Ethereum (ETHUSD) Volatility Intensified on Sep 5: What You Should Know

• Improved macro liquidity and Federal Reserve policy expectations boosted digital asset risk appetite. • Spot Ethereum exchange-traded funds recorded renewed net inflows and sustained institutional demand. • Layer-2 activity, staking supply constraints, and short liquidations amplified the price advance.

TradingKeySat, Sep 5

Ethereum Price Forecast: ETH tumbles as rate hike bets rise

Ethereum (ETH) is correcting lower toward support at $2,400 on Friday as volatility rises in the broader cryptocurrency market.

FxstreetFri, Sep 4

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Cryptocurrency prices are generally taking a breather at the time of writing on Friday, with Bitcoin (BTC) edging lower toward $80,000. This correction follows the sharp move to highs at $81,269 the previous day, underpinning renewed investor appetite.

FxstreetFri, Sep 4

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(2)
Neutral(4)
Buy(7)
Indicators
Sell(2)
Neutral(4)
Buy(1)
Indicators
Value
Direction
MACD(12,26,9)
-27.329
Neutral
RSI(14)
65.563
Neutral
STOCH(KDJ)(9,3,3)
67.757
Neutral
ATR(14)
87.682
Low Volatility
CCI(14)
93.247
Neutral
Williams %R
36.462
Buy
TRIX(12,20)
0.864
Sell
StochRSI(14)
28.301
Sell
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
2482.112
Buy
MA10
2462.919
Buy
MA20
2439.178
Buy
MA50
2111.568
Buy
MA100
1922.808
Buy
MA200
2040.887
Buy

Ethereum Trading Strategy

Intraday
Medium Term
Short Term
The configuration is negative.

Trading Strategy

The configuration is negative.

Alternative scenario

above 2,502, look for 2,528 and 2,544.

Comment

The downside prevails as long as 2,502 is resistance, with 2,434 and 2,419 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

2487.800
-9.130-0.37%
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