Ethereum price tumbles to $915, but traders are bullish for 4 key reasons

The past week has been an emotional rollercoaster for Ether (ETH) traders, as there were seven four-hour candles of a 10% or larger price movement.  Furthermore, the most recent 30% drop to $920 triggered $550 million in liquidations on long futures contracts. To complicate things even further, this current price correction is taking place just four weeks ahead of the launch of CME’s ETH futures. ETH/USD 4-hour chart. Source: TradingView It’s possible that even the most bullish Ether traders did not expect an 85% rally to occur in just eight…

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Google searches for ‘Ethereum’ hit all-time high

More people are searching for the word “Ethereum” now than ever before in its history.  Google Trends reveals that the number of Google searches currently being performed for “Ethereum” is at an all-time high, eclipsing search interest during the height of the last ETH bull run. Ethereum’s previous peak in search term popularity was on Jan. 13, 2018 — the date of ETH’s all-time high of $1,432.88. Google Trends Worldwide Search Interest for #Ethereum projected to reach an all-time high: pic.twitter.com/oisOk9HhoD — Michael Vincent (@mmichaels_21) January 7, 2021 Historically considered…

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3 reasons analysts say Ethereum may replicate Bitcoin’s 2016 bull run

Several prominent analysts say Ether (ETH) is on the cusp of a major bull run despite already gaining nearly 65% in 2021. Ethereum has seen explosive growth in decentralized finance and other areas, causing user activity on the blockchain to surge. Ether performance in 2021. Source: Digital Assets Data Raoul Pal, CEO of Real Vision Group, pinpointed the technical structure of ETH’s price. He emphasized that the structure is strikingly similar to Bitcoin (BTC) in 2016, which means a prolonged bull rally could emerge. The combination of Metcalfe’s law, a…

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Ethereum bursts into list of top 100 assets in the world by market cap

A 13% rise in the price of ETH over the past 24 hours has propelled Ethereum onto a list of the top 100 traded assets by market cap for the first time, as measured by CompaniesMarketCap.com.  Ethereum marched past 12 other entries on the list today and is currently positioned in the #88 spot, between Bristol-Myers Squibb at #89 and Anheuser-Busch at #87. Up 62% in 2021 alone, the price of ETH crossed $1,200 today for the first time since Jan. 2018 and appears poised to overtake its all-time high…

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5 factors show bulls control Ethereum price even after a 26% correction

On Jan. 4, Ether (ETH) price rallied to $1,160, which was followed by a 24% correction within the following four hours. What is clear is that investors are anxiously awaiting the CME’s ETH futures launch, which is scheduled for Feb. 8. Another factor driving the current rally is that Ether miners’ balances reached a two-year low, a scenario that some analysts view as bullish. The phenomenal growth of total value locked in decentralized finance projects has also played a part, especially considering that the metric reached $17.5 billion over the…

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Ethereum price spikes to $1,161 for the first time in three years: What’s next?

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain, achieved $1,161 for the first time since January 2018. Immediately after it hit a new three-year high, ETH corrected to below $900. Ether rallied due to the momentum of Bitcoin. Historically, following a strong BTC rally, altcoins have seen a swift uptrend. Traders usually call this “alt season” because many altcoins tend to increase in tandem. Why did Ether correct, and what happens next? Ether rose following Bitcoin’s rally, but on-chain data also showed that there was a…

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Ethereum targets $1K after ETH, altcoins rally versus Bitcoin

Ether (ETH) has broken a critical price point against Bitcoin (BTC), signalling that altcoins may be about to see huge gains. Cryptocurrency market overview. Source: Coin360 I’d take Ether bet “all day long” — Winklevoss Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/BTC pass the essential 0.026 level in just one daily candle on Jan. 3. After staying weak throughout December, Ether has rebounded in the first few days of 2021, and Sunday’s performance could be the start of something much bigger. As Cointelegraph Markets analyst Michaël van de…

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Bitcoin going parabolic toward $35K as Ethereum breaks $800: What’s next?

The price of Bitcoin (BTC) surpassed $34,700 to achieve a new all-time high after a strong overnight rally. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, also surpassed $800 for the first time since May 2018. Bitcoin’s sudden rally comes as a surprise because it corrected sharply to around $30,300 on Jan. 2. Within 24 hours, BTC rose from $30,300 to as high as $34,778, a 14% rebound. BTC/USD hourly candle chart (Bitstamp) What triggered the Bitcoin and Ethereum rally? When the price of Bitcoin surpassed $33,000 on Jan.…

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We need to bring community and sustainability back to the heart of Ethereum

The core purpose for Ethereum at its birth was to herald the next generation internet. Its genesis was based on building a peer-to-peer network with no single entity or group in control by positioning the community at the center of the global system. 2020 has seen the power of this network thrive through innovative and industry-changing projects like Yearn.finance, Aave, Synthetix, Nexus Mutual and many others. In fact, the top 10 decentralized applications on Ethereum now attract more than 1 million users per month. Many successful Ethereum-based projects are committed…

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4 reasons why Ethereum options traders expect ETH price to reach $880

Ether (ETH) price has gained 88% since November, astonishing even the most bullish investors as the top altcoin secured a 2020 high at $750. Aside from the upcoming CME ETH futures launch scheduled for Feb. 8, the phenomenal growth of the total value locked (TVL) in Decentralized Finance protocols also played a major part. Total Value Locked, USD. Source: DeFi Pulse As the above data indicates, investors are even more confident that Eth2 has been a success, despite the real potential of delays and implementation hurdles. Another possible bullish factor…

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