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Ethereum

ETHUSD
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2481.510

+8.850+0.36%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

+0.30%

5 Days

+31.95%

1 Month

+31.67%

6 Months

+33.21%

Year to Date

-16.76%

1 Year

-47.76%

Key Data Points

Opening Price

2477.340

Previous Closing Price

2472.660
Price Range of the Day
2476.5302486.200
52-Week Price Range
1504.2404763.370

Recent

Analysis

Crypto Today: Bitcoin, Ethereum and XRP pull back as rally cools

The cryptocurrency market is broadly correcting on Monday as investors shift focus to profit-taking after last week’s rally. Bitcoin (BTC) is edging lower amid capped upside below $80,000, with immediate support at $77,000.

Fxstreet11 hours ago

Ethereum (ETHUSD) Is up 1.02% on Aug 24: What Do On-Chain Data and Market Sentiment Show?

• Global macro liquidity and bond buybacks drove capital into Ethereum. • Spot Ethereum ETFs recorded their strongest weekly net inflows this year. • Technical breakouts triggered short squeezes, lifting derivatives funding rates.

TradingKey12 hours ago

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP pause as momentum indicators signal overbought conditions, massive rallies

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday, with a bullish bias but appearing stretched after surging over 23%, 31% and 53% in the previous week.

Fxstreet19 hours ago

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.

TradingKeySun, Aug 23

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

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
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Buy
Sell(1)
Neutral(0)
Buy(8)
Indicators
Sell(1)
Neutral(0)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
122.108
Buy
RSI(14)
87.104
Overbought
STOCH(KDJ)(9,3,3)
89.750
Overbought
ATR(14)
89.838
High Vlolatility
CCI(14)
110.684
Buy
Williams %R
8.502
Overbought
TRIX(12,20)
0.884
Sell
StochRSI(14)
90.063
Overbought
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
2420.922
Buy
MA10
2189.540
Buy
MA20
2043.299
Buy
MA50
1931.711
Buy
MA100
1871.107
Buy
MA200
2009.733
Buy

Ethereum Trading Strategy

Intraday
Medium Term
Short Term
The upside prevails as long as 2,459 is support, with 2,555 and 2,571 as targets

Trading Strategy

The upside prevails as long as 2,459 is support, with 2,555 and 2,571 as targets

Alternative scenario

below 2,459, expect 2,433 and 2,418.

Comment

The upside prevails as long as 2,459 is support, with 2,555 and 2,571 as targets

3 hours 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

2481.510
+8.850+0.36%
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