The technicals

The fundamentals
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$102,876.00
2.36%$2,299.88
12.66%$2.35
4.52%$634.47
2.17%$170.63
6.65%$0.999997
-0.00%$0.203628
7.29%$0.78182
6.71%$0.261933
2.94%$2,300.30
12.64%$102,822.00
1.84%$3.92
0.65%$15.92
4.52%$23.06
8.70%$2,756.69
11.28%$0.296182
5.18%$0.00001494
7.17%$0.199465
3.81%$24.78
13.22%$3.26
3.20%$407.03
-2.99%$8.68
-0.64%$0.999952
-0.01%$98.28
5.53%$4.71
9.30%$2,302.78
12.62%$301.44
1.53%$2,446.58
11.57%$0.00001245
25.90%$4.46
1.50%$0.999941
0.02%$0.72026
14.56%$1.00
-0.07%$102,847.00
1.84%$30.32
2.70%$429.45
4.83%$6.25
12.85%$2.89
11.57%$5.54
6.74%$1.016
6.91%$53.33
1.63%$207.54
7.84%$1.051
0.02%$19.02
7.33%$0.100586
4.47%$1.00
0.00%$5.34
7.40%$13.95
13.37%$21.85
0.74%$0.102572
5.29%$33.44
1.49%$0.765643
3.01%$4.90
5.50%$0.02935318
7.69%$0.251585
6.54%$4.90
10.67%$0.833436
11.42%$0.366394
17.79%$1.001
0.05%$102,652.00
0.94%$1.17
0.17%$3.01
6.44%$0.232212
7.22%$4.36
0.17%$0.589078
4.66%$2.87
7.86%$0.374086
8.07%$0.00002171
13.48%$4.50
4.16%$1.14
11.15%$0.533985
15.84%$0.997494
-0.11%$0.976399
1.91%$1,717.91
3.63%$178.07
5.22%$11.11
1.47%$2,303.38
12.70%$94.42
-1.30%$0.0202118
3.02%$1.31
13.37%$2,394.04
12.59%$0.853188
0.00%$1.94
9.59%$1.26
0.83%$4.56
12.19%$0.078263
3.02%$0.740278
12.71%$0.235053
7.61%$0.656517
9.82%$11.78
9.38%$102,628.00
2.04%$1.00
0.01%$2,606.91
11.79%$0.110748
10.87%$0.762618
2.82%$0.00009908
14.07%$0.01456543
4.74%$634.77
2.28%$1.008
10.95%$0.999228
-0.03%$220.31
6.65%$0.01835243
7.97%$0.999468
-0.03%$0.877087
9.50%$2,451.79
12.98%$189.49
6.93%$14.81
0.57%$0.01900495
12.76%$2.87
5.29%$102,943.00
2.06%$3,345.70
0.31%$0.822036
10.76%$40.63
2.98%$0.327693
8.40%$3,347.06
0.31%$101,990.00
1.95%$102,367.00
1.12%$0.999999
-0.01%$0.233777
5.19%$0.00000078
6.13%$0.612507
-1.64%$0.077071
6.77%$4.12
4.55%$22.59
10.20%$2.29
4.98%$2,409.50
12.00%$0.724085
10.85%$0.194026
31.82%$0.119923
1.24%$0.43069
7.81%$41.54
0.89%$0.997937
0.02%$1.98
13.19%$0.344636
7.23%$0.616341
6.32%$2,404.79
13.62%$0.997865
-0.09%$0.01840418
0.00%$0.659453
8.48%$3.78
2.16%$0.750872
3.23%$1.10
-1.35%$0.01013898
9.86%$0.473552
1.34%$0.00598571
4.84%$18.85
14.17%$8.08
8.44%$110.98
0.01%$0.484386
5.50%$0.673849
10.67%$0.203649
7.68%$1.48
10.43%$0.167086
17.00%$102,763.00
2.03%$0.622793
15.85%$0.998191
0.16%$2,447.80
12.47%$2,302.09
12.57%$2,302.31
11.85%$0.496774
2.36%$0.19441
-3.80%$0.997911
-0.25%$102,907.00
2.20%$2,290.79
11.25%$0.00002381
5.32%$2,355.79
12.61%$0.065826
0.25%$3.86
15.70%$6.48
7.12%$0.999998
-0.00%$2.84
9.81%$0.00865866
7.14%$97,752.00
0.73%$0.179679
9.27%$1.81
7.13%$0.097927
12.43%$1.60
1.67%$0.087157
11.50%$0.00000044
2.37%$0.04538442
6.55%$0.0061012
-0.13%$101,910.00
0.15%$1.096
0.90%$0.251801
6.86%$2,302.82
12.85%$0.154762
-0.15%$0.620551
10.69%$0.994674
-1.31%$44.48
6.07%$0.00000102
0.73%$1.49
0.72%$0.402749
3.64%$0.345003
13.73%$0.03741382
3.90%$2,292.67
12.95%$0.01911974
4.30%$0.810746
10.30%$0.00432445
3.26%$33.02
1.09%$0.00006621
7.13%$1.003
0.51%$0.176858
1.26%$0.365038
-1.33%$21.59
0.06%$0.841628
3.95%$0.346285
6.37%$0.00340951
11.63%$1.39
0.05%$128.42
6.92%$2,434.64
13.79%$0.733838
2.61%$1.00
-0.01%$2.93
12.03%$102,938.00
2.21%$23.05
8.49%$0.998147
-0.07%$0.00000157
5.45%$0.999926
-0.17%$1.15
15.29%$0.257129
9.39%$1.00
-0.02%$0.31311
73.26%$24.71
12.67%$2,529.24
12.42%$0.00350351
15.78%$0.223555
7.41%$0.530531
-9.11%$2,507.04
12.29%$1.099
0.05%$3.71
12.98%$0.0350835
3.06%$23.92
4.91%$0.999439
-0.08%$24.70
13.02%$2,305.12
12.85%$0.573465
4.35%$2,483.82
12.41%$0.285598
5.80%$17.25
7.63%$3.43
0.09%$3,340.26
0.15%$2,310.95
13.36%$0.04008098
7.37%$0.11705
14.37%$0.00363841
4.04%$0.01391557
7.76%$0.795898
14.01%$0.00260556
11.08%Reading
EthereumEthereum is having itself a hot summer.
ETH started the day as the best-performing crypto in the top 10 by market cap. Yesterday, it jumped by 10%. Today, we can add another 10% on top of that.
The cryptocurrencycryptocurrency is currently trading at a two-year high of $442 per coin. The last time ETH traded above this price was late July 2018.
Ether (ETH), Ethereum's native crypto has been on an upward trend for almost 25 days, which further elevated this week. After initially failing in an attempt to break $400, the token fell to $367 only to then break $400 again, confirming the current bullish trend and as the digital asset heads for the $450 price mark.
There is currently no short-term resistance toward this march. The last time ETH registered similar prices was during the Crypto Winter crash of 2018 when the token bottomed out below $100, and the $300 mark became the unbeatable resistance from that moment on. Until earlier this year, that is.
The token is very much on the radar of the trading community and cryptocurrency enthusiasts as of late. The Ethereum blockchain is the infrastructure upon which much of the Web 3.0 activity runs, and the last few months of developments on Ethereum have been hotter than ever.
First, the DeFi industry has exploded in 2020, fulfilling the predictions made by analysts at CoinGecko and other experts who had their eyes on DeFi taking off this year, despite the March market crash.
Indulge us in this Friday Afternoon Moment of Conjecture. The “Baron of Bitcoin,” Dave Portnoy of Barstool Sports, claimed on Twitter yesterday that he had bought at least $1 million worth of Bitcoin. “I’m 7 figures deep now in this stuff,” he tweeted. This was after posting a video in which Cameron and Tyler Winklevoss personally visited Portnoy at his summer place in Nantucket and schooled “El Presidente” on some of the vagaries of Bitcoin. Portnoy, who had been a skeptic, seemed to become a...
The surge in popularity of decentralized exchanges, many of which run on Ethereum, is another factor. This month alone, trading volume on DEXs has exceeded the numbers reported for all of 2019.
In combination, a strong argument could be made that these factors are driving up the fundamental value of Ethereum. And with the long-awaiting Ethereum 2.0 upgrade drawing nearer, which is built to support greater trading volume more efficiently, ETH investors have plenty to be excited about.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Ethereum surged by 28.9% from $1,939 to over $2,400 Friday morning, on the heels of the Pectra upgrade—which core developers called the “most ambitious upgrade” the network has ever implemented. The second-largest cryptocurrency is currently trading at $2,339, up 20.4% on the day, per data from CoinGecko. On Wednesday, Ethereum successfully rolled out its Pectra upgrade. This was the third significant upgrade since The Merge in 2022, in which the network moved from the proof-of-work consensus me...
Bitcoin rallied sharply on Thursday, alongside major altcoins and equities, as traders responded to growing expectations of interest rate cuts, early signs of renewed institutional demand, and a tentative U.S.-U.K. trade agreement that injected fresh optimism into global markets. The move came despite the Federal Reserve’s decision Wednesday to leave interest rates unchanged. While Fed Chair Jerome Powell declined to commit to a timeline for potential easing, futures markets are already pricing...