Resource: News.bitcoin.com
2 years ago
Date: 25 Aug 2022 - 13:07

Ethereum was back above 1700 in Thursdays session as the date for the longawaited Merge was finally confirmed. A blog post from the Ethereum Foundation stated that the event will begin on September 6 and be completed between September 10 and 20. Bitcoin also moved marginally higher as it continued to approach 22000.13Bitcoin13Bitcoin BTC rose higher on Thursday as the token continued to rebound following a recent bearish streak.1313The worlds largest cryptocurrency surged to a high of 21789.64 today breaking out of a key resistance level in the process.1313This resistance level was at 21600 and has mostly held firm despite several breakout attempts this week.13131313As of writing earlier gains have somewhat eased with bulls appearing to have chosen to secure profits rather than maintain previous positions.1313BTCUSD is currently trading at 21662.44 which although is still above the ceiling sees the token over 100 lower than todays peak.1313Todays rally comes despite the 10day red moving average continuing to trend in a downward direction.131313Ethereum13The big crypto story on Thursday was with ethereum ETH which once again climbed above 1700 earlier in the day.1313ETHUSD raced to an intraday high of 1712.55 during todays session as markets reacted to the latest news surrounding The Merge.1313In a blog post late on Wednesday the Ethereum Foundation stated that Following years of hard work Ethereums proofofstake upgrade is finally here The successful upgrade of all public testnets is now complete and The Merge has been scheduled for the Ethereum mainnet.1313They added that the event will commence on September 6 and end between September 10 and 20.13131313As a result of the announcement ethereum briefly broke out of its resistance level at 1705 with the relative strength index RSI also climbing.1313The RSI moved past its ceiling at 49.50 and as of writing is tracking at 50.85 which is its strongest reading since August 18.1313Should todays rally continue traders will likely be targeting an exit close to the 1800 level.1313Register your email here to get weekly price analysis updates sent to your inbox1313Will we now see bearish sentiment rise in ethereum in the coming days Leave your thoughts in the comments below.

Read in the source

Share this page

👑 Collect a daily bonus of 10 Crowns every day for free! Collect the bonus on the personal page of the Crowns
🔗 Join our referral program and earn Сrowns together! Invite your friends to our friendly community

Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

Cardano price registered bearishness as it declined from the 0.48 level at the time of writing. Over the last 24 hours the coin fell by over 2. In the past week it declined by 12. Bitcoins move to the 20000 had led to other altcoins falling on their charts as well. ADA was managing to appreciate slowly however the bulls could not sustain the price momentum at the time of writing.The altcoin had ma

Blockchain technology is poised to disrupt multiple industries and in more recent times it is revolutionizing the gaming market. Blockchain gaming is fast becoming the norm as developers continue to create new games with the best graphics captivating storylines and immersive gameplay.The most interesting part of all is that gamers can earn monetary rewards in the form of digital assets such as cry

The post Bancor Network Token Price Prediction Will BNT Price Hit 10 By 2022 appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideBNT or Bancor Network Token is the native coin of Bancor which is a decentralized financial network. The blockchain protocol enables users to convert digital currency tokens instantly and directly instead of swapping them on exchange platforms.

Ethereum has fallen below its 1600 support level and has displayed bearish sentiment on the chart. Broader market weakness has also contributed to Ethereums current price action.Bitcoin had fallen to the 20000 price mark and altcoins depicted similar price movements.Ethereum over the last 24 hours depicted some minor appreciation on the chart. The altcoins technical outlook remained bearish.Buying

Crypto mining requires huge amounts of electricity and is becoming less profitable due to the cryptocurrency market downturn. To avoid a mining ban and continue to earn miners are switching to green mining to get the cheapest energy possible. Bitcoin mining requires more and more energy because of increasing difficulty in opening each subsequent block.

The everevolving and high liquidity crypto market is home to a wide range of competent and promising projects. Three of such projects like PancakeSwap CAKE Synthetix SNX and Chronoly.io CRNO will change the narrative in any investors portfolio.PancakeSwap with native token CAKE is making waves in DeFi and incentivizing users with massive rewards. Synthetix SNX a popular layer2 scaling solution is

Just six months after its launch the GARI cryptocurrency launched by Chingari has staked its claim as the secondmost popular token on the Solana blockchain with more than a quarter of a million holders.Thats according to data from GenX Analytics which shows there are now 238000 individual GARI token holders putting it behind only the KIN token 8211 which has 2.9 million holders 8211 in the overall

Binance eagerly announces the second edition of their Blockchain Week 2022. According to the official blog post this time it will be held in Paris the City of Love. However as there could be many crypto lovers joining the fun its important to know the tickets are limited to 4000.BinanceBlockchainWeek Paris September 1416 2022. Join us to explore Web3 and how we can build a bold decentralized futu

Mati Greenspan joins WUBITS as senior adviser Cryptoslate.com 2 years ago

Mati Greenspan has joined WUBITS as a senior adviser according to a press statement.Greenspan would advise the web3 social platform on how it can accelerate its user adoption and emerging market trends.A top executive at WUBITS Albert Mashadev said Greenspans addition to the team would help the team 8220to accelerate the growth of SoFi social finance using Web3 and WUBITs innovative crypto content

Horacio Larreta the head of the government of Buenos Aires the capital of Argentina confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named Buenos Aires that seeks to simplify the relationship the city has with citizens.Buenos Aires Government to Introduce Cryptocurrency Tax PaymentsThe government of Bueno

Peter Schiff is one of the most vocal bitcoin detractors known to investors. The economist has never been one to hide his disdain for the digital asset and continues to bash it at every chance he gets. This time around Schiff who has always touted the superiority of other investment forms such as stocks above bitcoin has revealed what he thinks will cause the digital asset to rally upwards again.B

The post Dogecoin amp Shiba INU are Out of Top 10 Nowadays Will They be Out of the Top50 too appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideThe global markets including the crypto space are becoming extremely volatile amid the fresh tensions emerging within the RussiaUkraine conflict. The crypto space witnessed a steep drop in the early trading hours which slashed th

Curve Finances CRV votelocking is causing a serious stir in the world of DeFi. And other protocols are looking to follow Curves lead.

Bitcci one of the first publicly traded blockchain companies will be conducting a token sale session on the P2PB2B exchange on March 1 2022. The sale will run until March 31 with participants enjoying a 10 bonus on purchased tokens along with getting to join the bitcci community. Thereafter the project will be listed on P2PB2B among other exchanges starting April 1 2022.Established in 2017 bitcci

In the past two years law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The countrys police force has also confiscated equipment worth millions of dollars. 13Malaysia Police Announce Results From Crackdown on Illegal Mining13Since 2020 Malaysian authorities have detained a total of 627 people involved i