Here’s What Could Trigger Bitcoin and Ethereum Surge to All-Time Highs, According to Crypto Veteran Bobby Lee

Bitcoin crypto EthereumHeres What Could Trigger Bitcoin and Ethereum Surge to All-Time Highs, According to Crypto Veteran Bobby Lee08 / 13 / 2022Balita ng Ethereum ng Bitcoin  Cryptocurrency veteran Bobby Lee says he remains bullish on Bitcoin (BTC), Ethereum (ETH) and the wider crypto market despite the recent downturn.  In an interview with Bloomberg, Lee sabi ni that if the predictions for a severe crypto winter fail to materialize, Bitcoin and Ethereum will easily go back to their all-time highs recorded in November of 2021.  The crypto veteran says that the upgrade that will see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will serve as the catalyst that will see the two crypto assets rally back to their record highs.  I‘m very bullish on Bitcoin and cryptocurrency. It’s just that I think last time I was on the show I was worried about the price. In the short term, there was a price correction. And compared to then, Bitcoin and Ethereum have both come up more than 20% in price. And I think I think the call for bear market that might be premature. Well see. Right.  If the bear market doesn‘t materialize, you could easily see Bitcoin and

2022-08-14Ethereum

Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k

Looks like the value of the metric has shot up in recent days | Source: cryptoquant  As you can see in the above graph, the Ethereum open interest has observed some sharp uptrend during the past couple of weeks.  The indicator has now reached a value of 7.4 billion, the highest it has seen during the last four months. However, there is an interesting comparison here.  Around 4 months ago, when such values were previously observed, the price of ETH was about $3.3k. But today the price is just $2k, around $1.3k less than it was back then.  And yet, the open interest is at the same level, meaning the Ethereum market might be having the same degree of leverage this time as well, while the price is much lower.  When especially high leverage accumulates in the futures market, any sharp swing in the price can liquidate a large number of positions at once. These liquidations then further amplify this price move, which liquidates more positions.  In this way, liquidations can cascade together, and the event is called a “liquidation squeeze.” This is the reason behind the volatility of an overleveraged market.  If a long squeeze does end up taking place this time, then the latest rally

2022-08-14Ethereum

Ethereum Tops $2,000 as Network Approaches Merge Event

EthereumEthereum Tops $2,000 as Network Approaches Merge Event08 / 13 / 2022Balita ng Ethereum ng Bitcoin  Ethereum (ETH) continued its bull run and reclaimed the $2,000 level late on Friday night for the first time since May, according to data from CoinMarketCap.  The No. 2 cryptocurrency by market cap was up to $2,014 at the time of writing, up 7% in the past 24 hours and 17% in the past week. It has nearly doubled in the past month.  More than $152 million in Ethereum short bets has been liquidated over the past 24 hours, according to data from coinglass. At 13.2 million ETH has been staked on Ethereum 2.0, a new all-time high for the metric, according to data from Beaconscan.  Whats pumping ETH?  Its all about the merge.  Mas maaga sa linggong ito ang Goerli testnet completed its transition to a patunay-ng-taya mining mechanism, the final dress rehearsal (after successful testnet merges on Sepolia and Ropsten) before the mainet merge that is now expected on September 15 or 16.  Testnets are a developmental version of Ethereum that allows developers to experiment before launch.  The Ethereum mainets shift from an energy-intensive proof-of-work (PoW) mechanism to a proof-of-stake (PoS) consensus algorithm should enhance overall network efficiency and reduce

2022-08-13Ethereum

One Metric Will Dictate Ethereum (ETH) Price Action As Massive Upgrade Approaches, Says Analytics Firm Santiment

EthereumIsang Sukatan ang Magdidikta ng Pagkilos sa Presyo ng Ethereum (ETH) Habang Lumalapit ang Napakalaking Pag-upgrade, Sabi ng Analytics Firm Santiment08 / 13 / 2022Balita ng Ethereum ng Bitcoin  Crypto analytics firm Santiment is taking a close look at leading smart contract platform Ethereum (ETH) in advance of the projects upcoming shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.  Ayon sa isang bagong post, ang data aggregator highlights the chatter on social media in advance of the mid-September transition to ETH 2.0 as a key indicator of how the crypto asset will likely move prior to the upgrade.  With Ethereums final testnet merge Thursday, prices briefly jumped above $1,900. Developers confirmed that the much anticipated ETH upgrade will happen on September 15th or 16th.  Social volume will dictate price volatility leading up to the event.  Source: Santiment / Twitter  Santiment sunod suriin both Ethereum and the overall altcoin field, noting that despite a market-wide rally over the past month, traders are not behaving so exuberantly as to risk a flash crash.  “Ethereum‘s +80% price increase has gained the most attention of any asset over the past 30 days, but altcoins in general have been in a great place since late June. There isn’t major

2022-08-13Ethereum

Inaasahan ng Tagapagtatag ng Ethereum na si Vitalik Buterin na Mangyayari ang Pagsasama sa Setyembre 15

EthereumInaasahan ng Tagapagtatag ng Ethereum na si Vitalik Buterin na Mangyayari ang Pagsasama sa Setyembre 1508 / 13 / 2022Balita ng Ethereum ng Bitcoin  Vitalik Buterin, ang co-founder ng Ethereum, ay may hinted na ang inaasam-asam na pagsasanib ay maaaring mangyari sa bandang Setyembre 15.  Ang paglipat mula sa isang proof-of-work (PoW) tungo sa isang proof-of-stake (PoS) na mekanismo ng consensus na tinatawag na merge ay hinuhulaan na ang pinakamalaking pag-upgrade ng software sa Ethereum ecosystem. Gayunpaman, ito ay medyo mailap mula nang ilunsad ito noong Disyembre 2020.  Sa kabila ng mga paghahayag na ito ni Buterin, ang mga developer ng ETH ay inaasahang makabuo ng isang tiyak na petsa sa susunod na linggo, dahil ang huling pagsubok na tinatawag na Goerli ay natapos nang mas maaga sa linggong ito.  Isang kamakailang tawag ng mga developer ang nagkaroon iminungkahi Septiyembre 19 bilang ang pinaka-malamang na petsa para sa pagsasama.  Kapag lumabas na ang merge, papaganahin ng PoS algorithm ang pagkumpirma ng mga block sa isang mas cost-efficient at environment friendly na paraan dahil itataya ng mga validator si Ether sa halip na lutasin ang isang cryptographic puzzle.  Samantala, ang American multinational investment bank na Citigroup o Citi kamakailan isiwalat na ang paglipat sa isang mekanismo ng

2022-08-13Ethereum

Ang Pagsama-sama ng Ethereum ay Maaaring Dumating nang Mas Maaga kaysa sa Inaasahan – crypto.news

crypto EthereumAng Pagsama-sama ng Ethereum ay Maaaring Dumating nang Mas Maaga kaysa Inaasahang – crypto.news08 / 13 / 2022Balita ng Ethereum ng Bitcoin  Ang Ethereum Merge ay maaaring mangyari nang mas maaga kaysa sa inaasahan, dahil ang mga pangunahing developer ay nag-anunsyo ng isang pansamantalang petsa ng Merge ng Setyembre 15 na makikita ang blockchain transition sa Proof-of-Stake.  ETH PoS Upgrade sa Transition sa Setyembre 15 hanggang 16  Ang petsa ng Ethereum mainet Merge ay naging maliwanag matapos ang mga pangunahing developer tulad nina Tim Beiko at Prysmatic Labs co-founder na si Terence Tsao ay sumang-ayon sa isang developer call noong Agosto 11 na ito ay magaganap kapag ang Total Terminal Difficulty (TTD) ay umabot sa 58750000000000000000000.  Kinumpirma ito sa isang post sa Github na pinamagatang Tentative mainet TTD na pinangako ni Beiko noong Agosto 11.  Ang Total Terminal Difficulty ay tumutukoy sa kahirapan ng pagmimina ng huling bloke ng Ethereum. Ang network ay lilipat mula sa Proof-of-Work patungo sa Proof-of-Stake. Noong Setyembre 6, isang pag-upgrade na tinatawag na Bellatrix ay naka-iskedyul upang maging live, at ang ikalawang yugto ng Merge, na kilala bilang Paris, ay nakatakdang ilunsad kapag umabot ang TTD sa 58750000000000000000000. Inaasahang magaganap ito sa pagitan ng Setyembre 15 at Setyembre 16.  Kahit

2022-08-13Ethereum

Ethereum [ETH]: Heres the question of profit now that ETH is above $2K

Bukod dito, the Directional Movement Index (DMI) revealed the +DMI (green) was comfortably above the -DMI (red). This suggested that ETH may sustain its uptick for a while.  According to the charts, the MACDs position was a close call between bearish and bullish momentum. Interestingly, the indicator was above zero, indicating that buyers had more strength.  Similarly, there was a slight difference in the buying pressure (blue) over the sellers (orange). For this reason, ETHs chances of a further uptick may be more than the potential of a downtrend.  Ano pa ang nangyayari?  Besides the cryptocurrencys price action, ETH traders in long positions seem to have seen more liquidations than shorts. According to CoinGlass, there have been more long liquidations in the top-three exchanges over the last 24 hours.  Binance recorded $6.11 billion in liquidation for ETH long traders. OKEx reported $3.77 billion, while FTX was at $1.44 billion.  Additionally, on-chain data platform Santiment nagsiwalat that there had been more outflows on exchanges than inflows, with an 8,200 difference. With traders seemingly taking profits, would it be that ETH investors are ready to follow a Dollar Cost Averaging (DCA) diskartey from now on?  Finally, investors may need to look for any significant metric divergences before taking a

2022-08-13Ethereum

Here’s What’s Next for Bitcoin, Ethereum, Solana and One Gaming Altcoin, According to Top Crypto Trader

Pinagmulan: Justin Benett/Cryptocademy  At time of writing, Bitcoin is trading at $24,522 but remains up over 5% from a week ago.  Benett next identifies a narrow range in which leading smart contract platform Ethereum (ETH) might swing, with $1,780 as an important low to maintain and $2,150 a potential short-term high.  ETH is struggling a bit today at the $1,900 area. Thats not a surprise given that we knew sellers were likely to defend that level.  Any pullback from Ethereum needs to stay above $1,780 on a daily closing basis for the market to remain constructive. Anything below that and we could see a larger retracement begin.  If ETH can get above $1,910 on a daily closing basis, the next stop would be $2,150.  Pinagmulan: Justin Benett/Cryptocademy  Ethereum continues to surge as ETH is currently trading for $1,962.  Benett also examines layer-1 protocol Solana (Sol). He expects some choppy price action if the ETH competitor makes a move to the upside, noting that $40 is an important level of support.  SOL is one to watch. There‘s a decently large triangle that’s developed due to the descending trend line from late last year and the ascending line from the June low.  Id expect the upcoming breakout to be quite volatile given

2022-08-13Ethereum

The Upcoming Merge Fueling Ethereum Classic

EthereumAng Paparating na Merge Fueling Ethereum Classic08 / 13 / 2022Balita ng Ethereum ng Bitcoin  Despite the fact that both Ethereum forks claim to have started in 2015, the Ethereum network was reset and relaunched in 2016  ETC is experiencing a surge in activity despite no longer being a part of the larger Ethereum network as a result of the heightened interest in Ethereums impending transition from proof of work to proof of stake.  Chandler Guo, a prominent person in Chinese cryptocurrency, has proposed the idea for ETHPOW.  A 15% Surge in 24 Hourse  The price of Ethereum Classic (ETC) today reached a four-month high of $42.29 per coin, a gain of 15% in 24 hours, before settling slightly lower for the day, according to CoinMarketCap, as interest in the Ethereum merger next month grows. Vitalik Buterin and Gavin Wood established Ethereum Classic, a hard fork of the Ethereum network. Despite the fact that both Ethereum forks claim to have started in 2015, the Ethereum network was reset and relaunched in 2016 as a result of the hack of the The DAO project, which led to a rift in the Ethereum community.  Those who opposed the restart continued to use the Ethereum Classic network, which was

2022-08-13Ethereum

Ang Ethereum ay Umabot sa $2,000 Ngunit Ang ETH Derivatives Data ay Nagmumungkahi ng Mabilis na Pagtatapos sa Rally

Kagandahang-loob: GlassnodeDapat Mag-ingat Ngayon ang mga Namumuhunan sa Ethereum  Gayunpaman, ang data mula sa derivatives market ay nagmumungkahi na ang mga mangangalakal ay umaasa ng pagbaba ng presyo pagkatapos ng kaganapan. Ayon sa mga analyst ng Glassnode, maaari itong maging isang sell-the-news na uri ng isang kaganapan.  The September call options are currently dwarfing the put options with Deribit data pointing to a rally up to $2,200. However, a month after the scheduled update i.e. September 15-16, the demand for call options falls significantly. This suggests that traders are willing to have greater downside protection and hedge their positions after a strong rally in a very short time. The Glassnode analysts sinulat ni:  Post Merge, ang kaliwang buntot ay nagpepresyo sa mas mataas na ipinahiwatig na pagkasumpungin, na nagpapahiwatig na ang mga mangangalakal ay nagbabayad ng premium para sa sell-the-news put-option protection post-Merge.  Sa kabilang banda, ang co-founder ng Ethereum na si Vitalik Buterin naniniwala that the Merge upgrade has yet to be priced in. It will be interesting to see how well ETH holds up following the Merge event. The global macros continue to show uncertainty with inflation in the U.S. and parts of Europe continuing to stay significantly high.  Ang Bhushan ay isang

2022-08-13Ethereum
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