United States, Germany, Turkey lead search interest in Ethereum

The United States is the country most interested in Ether (ETH), followed by Germany and Turkey, an analysis of search data has revealed. A report by Invezz.com, as reported by Finbold, showed 1,116,000 searches per month for the term ‘Ether’ emanating from the United States. Excluding searches by budding chemists, that’s the equivalent of around 36,000 internet searches per day for the world’s number-two cryptocurrency by market capitalization. Germany and Turkey followed close behind with 736,300 and 408,500 searches per month respectively. Among the top three, Germany contained the most…

Ethereum Steadies Above $3,200, Here’s What Could Trigger Strong Surge

Ethereum is holding the key $3,120 support zone against the US Dollar. ETH price is consolidating and it seems like it could soon clear the $3,500 resistance zone. Ethereum is holding the ground above the $3,120 and $3,200 support levels. The price is still well below the $3,600 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely forming a double bottom pattern near…

Bitcoin and Ethereum usage fees drop 70–80% as market slide continues

Transaction fees on Bitcoin and Ethereum have fallen by 81% and 71% respectively over the last few weeks, as the broader cryptocurrency market continues to descend from its recent all-time high. The average cost of using the Ethereum blockchain fell from $69.92 per transaction on May 12, to $20.06 by May 16, according to data from Bitinfocharts. In the same time period the Ether (ETH) spot price both peaked and crashed, falling from an all-time high of $4,358 on May 12, to $3,183 just prior to publication — a 27%…

Ethereum Market Cap Now Half the Size of Bitcoin

Key Takeaways Ethereum’s market cap is now half the size of Bitcoin’s. The ratio between the assets is 0.08. Many crypto followers believe that Ethereum could overtake Bitcoin to become the largest cryptocurrency by market cap in the future. Ethereum’s roadmap for the coming months includes EIP-1559 and “the merge” to Proof-of-Stake, which could bode well for ETH’s price action. Share this article The recent Ethereum rally has raised calls for what the crypto community has dubbed “The Flippening.” Bitcoin Dominance Plummeting  Ethereum is catching up with Bitcoin. The second-ranked…

ETH price regains $4K as possible Ethereum 2.0 ‘full validator’ count hits 17-month low

The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) is declining, pointing at a possible lack of interest among traders and investors to become “full validators” for its upcoming proof-of-stake blockchain. At the same time, the price of ETH has rebounded back above $4,000 on May 14, and Bitcoin (BTC) tries to reclaim $51,000 following this week’s “Elon candle” plunge. Eth2 validators wanted? On-chain data analytics platform Glassnode revealed that the number of externally-owned Ethereum addresses (EOAs) fell to its lowest levels in the…

Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders

Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30 days, Ether price gained 96%, moving from $2,138 to $4,200 on May 11. Normally the assumption would be that every trader is consumed with euphoria and this would be seen in the funding rate reaching record highs on Ether futures contracts but at the moment this is not the case. The…

Ethereum bulls maintain control ahead of Friday’s $730M ETH options expiry

Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The non-stop action has been fueled by an incredible increase in decentralized finance (DeFi) applications where the net locked value surpassed $74 billion, a 51% increase in eighteen days. This positive momentum has been decimating the neutral-to-bearish put (sell) options, giving bulls even more incentives to continue the rally. On May 14, a total of $730 million Ether options are set to expire, and bulls have complete control as the…

Here’s why Ethereum, Aave, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’

Bitcoin (BTC) and altcoins’ markets lost a combined total of up to $602 billion overnight in a shocker brought forth by Elon Musk. The billionaire entrepreneur did an about-turn on his decision to accept Bitcoin for the electric vehicles offered by his company Tesla. He cited environmental concerns, noting that Bitcoin mining requires many fossil fuel burnings, especially coal. Bitcoin prices started falling sharply within the first five minutes of Musk’s tweets in the late hours on Wednesday in the United States. The prices further plunged into the Asia-Pacific session…

Ethereum Dives Below $4K, Here’s Why ETH Could Struggle In Short-Term

Ethereum started a major decline from well above $4,000 against the US Dollar. ETH price is now correcting losses from $3,500, but it could struggle near $4,050 and $4,100. Ethereum topped near the $4,375 before staring a downside correction. The price declined heavily below $4,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair is correcting higher, but it is likely to face sellers near $4,050…

Ethereum price aims for $5K after reaching 3-year high versus Bitcoin

Ether (ETH) set a second all-time high on May 12 as the largest altcoin continued on its way to what analysts say will be $5,000. ETH/USD 1-hour candle chart (Bitstamp). Source: Tradingview Funding rates could hold key to ETH resilience Data from Cointelegraph Markets Pro and TradingView tracked ETH/USD as the pair put in two all-time highs in a single day on Wednesday. Part of the now notorious “alt season 2.0,” Ether hit $4,350 earlier on the day, only to better its performance hours later and reach $4,380. Now under 15% away…