With Ethereum prices plunging, analysts are issuing widely different Ethereum price predictions at this point.
On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. A change that will make it harder to mine Ethereum, therefore reducing the number of miners of the crypto, is being postponed, Bloomberg reported. Shortly before 9:00 a.m., Ethereum was changing hands for $1,237, slightly above its low for the day of $1,191.
Ethereum's price crashed by yet another 15% over the past 24 hours and has found itself on the $1200 level. The total market cap is below $1 trillion as.
The following support levels are at $700 (50% correction of the uptrend) and the golden Fib level of 0.618 at $460, respectively. The price is currently approaching the next Fib level of 0.382, which is at $1,100. The chart shows that the first critical support was at the Fib level of 0.236, which has broken below. The price has been forming one of the biggest red candlesticks recently. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. Ethereum’s price crashed by yet another 15% over the past 24 hours and has found itself on the $1,200 level.
Bear has taken control of the market, and they are currently causing havoc in the crypto industry. Ethereum is trading at $1323 on the morning of 13th June ...
Although the upcoming Ethereum ‘Merge’ is expected to make a difference, it might be after the Ethereum coin has dropped below $1,000. These are just some of the developments that have enabled Bitgert to post such a bullish performance. Bitgert (BRISE) tops among the coins that have managed to withstand the bear market to post a bullish growth.
Despite the massive sell-off of Ethereum in the last few days, the second-biggest cryptocurrency is successfully holding above the $1,000 threshold and has ...
On May 30, the investor decided to increase the leverage by purchasing 24,000 ETH on borrowed funds with the average price of $1,961. With 153,000 ETH in backing, and $126 million DAI borrowed, a participant in the ICO would have faced liquidation at $1,198. Foremost, the lend was funded by the Ethereum ICO participant for 560,000 ETH, with 409,000 ETH remaining on his or her wallet.
The Ethereum news causing a crash in the ETH price to $1180 is that stETH has depegged from ETH. Is it just FUD though, and what is stETH?
Acting in the interest of our community is our top priority. Until the ETH merge and the Beacon Chain launch, the actual underlying asset of Ethereum locked up can’t be accessed. After the Ethereum merge date – in August – stETH will be redeemable for ETH, at a 1:1 ratio. That has led to a sell-off in the Ethereum price, and some investors fear a further drop and liquidation cascade. The amount of stETH should therefore trade at a 1:1 peg to ETH itself. Is there another LUNA crash in store for ETH, or is this a great buy the dip opportunity for cheap Ethereum?
The intraday trading volume in Ethereum is $44 Billion, indicating a 92% gain. ETH/USDT Chart Source- Tradingview. The April-May downfall in ETH ...
Moreover, the DMAs maintain a bearish alignment with no signs of a halt in the falling trend. Furthermore, the falling ETH price has violated another significant support of $1400 as it currently trades at the $1236 mark. The April-May downfall in ETH/USDT pair took a breather near the $1800 mark.