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Ethereum Price

Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion.ETH-USD 4-hour chart. Source: TradingView.comThe record high open interest on ETH futures hints that traders remain bullish and further gains could be seen over the coming days.In recent months, Ethereum has seen strong momentum due...

Ethereum Options Data Suggests Pro Traders Expect ETH Price to Break $400

Ethereum (ETH) options open interest increased by 5 fold over the past three months to reach $337 million. Although this figure pales in comparison to the current $1.8 billion Bitcoin (BTC) options market, Ether options have grown to reach the same size the BTC options market was roughly 15 months ago.ETH options open interest in USD terms. Source: SkewOptions are divided into two basic instruments: calls, aimed mostly for bullish strategies, and puts, used...

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309. The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close. Crypto market weekly price chart. Source: Coin360Technicals aside, Ether’s rapid ascent to $309 could also be...

Ethereum Options Traders Jump the Gun as ETH Price Soars to $280

Since the start of the week Ether (ETH) has gained more than 17% and the gains appear to be connected to increasing stablecoin use and the rise of DeFi applications. As reported by Cointelegraph, Ethereum network usage surpassed Bitcoin’s, doubling the volume settled over the entirety of 2019.Another possibly bullish factor in the background is the Ethereum 2.0 final testnet scheduled for August 4. This appears to have investors in a good mood, despite...

Ethereum Volume Influenced by Twitter Activity, New Data Reveals

Ether (ETH) price lost more than 40% this week, even hovering around $100 on the day which is now being considered the new Black Thursday in crypto and traditional markets. In recent hours Ether has bounced back slightly to trade in the $120 to $130 range.Cryptocurrency market weekly overview. Source: Coin360However, in 2017 Ether and Bitcoin saw a great increase in prices and also in the number of tweets mentioning Ethereum. The...

XRP Price May Face 25% Drop if Recent High Breaks Down — Peter Brandt

XRP traders may be in for further losses as one trader warned that a bearish price feature was yet to complete its impact on the market.In a tweet on Feb. 20, Peter Brandt, well known as a trader of both cryptocurrency and traditional assets, said that a “head and shoulders” pattern in XRP/USD this month had the potential to send prices lower. Brandt: “possibility” XRP goes to $0.20XRP reached highs of almost $0.35...

Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300

For the second time in two weeks, Ether price (ETH) has notched a new 2020 high. This time the surge from $217.83 to $253.79 occurred as Bitcoin’s (BTC) price reversed course from $9,700s and rallied to a new high at $10,346.83. As Bitcoin rallied on Feb. 12, many altcoins pulled back in their BTC pairs but Ether succeeded in holding on to its gains and currently registers a 14.3% gain. Crypto market daily price...

FAANG Stocks Provide a Better Risk-Adjusted Performance Than Bitcoin

Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to cryptocurrencies at large: The more people that hold a crypto asset, the bigger increase in market value.Further...

How Closely Does ETH Follow BTC?

Cryptocurrency market sentiment is often influenced by various factors, such as expert forecasts or political events. However, if analyzing on a wider time frame, it turns out that the prices of most cryptocurrencies — especially of Ether (ETH) — could mostly depend on the valuation of Bitcoin (BTC).The results of research conducted by analysts from Skew in November 2019 showed that ETH had been the highest-correlated cryptocurrency to BTC for two years...

Dash Surges by Over 16% as Bitcoin Price Hovers At $8,100

Sunday, Jan. 12 — most of the top cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers around the $8,100 mark again.Market visualization courtesy of Coin360Among the top cryptocurrencies, the one that has seen the most growth over the last 24 hours is DASH, which was up by around 16.27% at its peak. The coin currently stands at $66.84 with a 13% gain over the past...
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