Tag Archives: Ethereum

THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?

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THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart. RUNE Slumps, Drops 70% In 6 Months According to CoinMarketCap data, RUNE, the native currency of the THORChain… Continue reading THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?→

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

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Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure.  For the uninitiated, Ethereum… Continue reading DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain→

Ethereum Price Poised for Steady Recovery: Can It Build Momentum?

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Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at… Continue reading Ethereum Price Poised for Steady Recovery: Can It Build Momentum?→

Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?

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Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns.  One of the key reasons for this underperformance is the lack of enthusiasm surrounding Ethereum ETFs. Metrics from these funds show… Continue reading Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?→

What Was Behind The Bitcoin And Ethereum Price Crash?

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Bitcoin (BTC) and Ethereum (ETH) have started September in the red, having already suffered price declines since the beginning of the month. This bearish sentiment towards the foremost cryptocurrencies and, by extension, the broader crypto market is due to several macroeconomic factors. Market Still Feeling The Effects Of The Yen Carry Trade Recent developments suggest… Continue reading What Was Behind The Bitcoin And Ethereum Price Crash?→

Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000

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Much like Bitcoin, Ethereum has faced significant challenges in recent months, struggling to sustain any major price rally. After reaching a peak of over $4,000 in March, Ethereum has been consistently declining, failing to break out of this bearish trend. So far, the second-largest cryptocurrency by market cap has seen its price drop by over… Continue reading Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000→

Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?

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Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing… Continue reading Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?→

Ethereum Price Gains in Danger: Will the Decline Continue?

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Ethereum price is attempting a recovery wave above $2,420. ETH must clear the $2,500 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,320 zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with… Continue reading Ethereum Price Gains in Danger: Will the Decline Continue?→

Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB

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Leading Swiss bank Zurich Cantonal Bank is the latest financial entity to enter the crypto waters in Europe, as it unveiled Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. Swiss Banking Juggernaut To Offer Crypto Services In its press release published today, the bank said its customers can avail 24/7 cryptocurrency trading… Continue reading Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB→

Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here’s Why

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August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called “Black Monday.”  This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately $49,000, igniting concerns among bullish investors. However, market… Continue reading Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here’s Why→