Ethereum is an open-source blockchain-based software platform with thousands of decentralized applications (DApps) that powers its native cryptocurrency, Ether (ETH), that can be sent and received globally without any third-party interference. First conceptualized in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum was designed as a platform for self-executing, permanent and immutable DApps with use cases varying from finance to gaming and art. DApps are often referred to as smart contracts which are Ethereum transaction protocols that automatically carry out certain functions and actions like transaction processing with predetermined conditions and agreements. Sending a transaction, canceling it, or resolving a pending …

Ether (ETH) entered a slightly bullish channel earlier this month and currently, the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on Oct. 15's weekly options expiry. Investors also appear to be disinterested in Ether's recent underperformance versus Bitcoin (BTC) and to date, the altcoin's gains stand at 265%. If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will become worthless. Ethereum smart contract competitors continue to pressure the leading network and at the time of writing, Ethereum's average …

The price of Ether (ETH) is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue. Moreover, the increasing competition from smart contract networks like Solana (SOL) and Avalanche (AVAX) have been worrying investors: One big problem with the “ETH is ultra sound money” meme is that EIP-1559 only limits the supply of ETH …

Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance. But despite some headwinds, ETH bulls will likely profit $115 million on Oct. 8's weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million worth of neutral-to-bearish put options worthless. Regulatory fear limits the upside Understandably, negative headlines about increasing regulatory scrutiny toward crypto may have subdued prices last month, particularly as China banned all cryptocurrency activity outright. Major crypto exchanges, including Binance and Huobi, halted most of their …

On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the United States consumer price index, exchanges' diminishing supply and a "cup and handle" bullish continuation chart formation. Traders are not likely to find an explanation for the sudden move, apart from investors regaining confidence after the Sept. 19 drop was attributed to contagion fears from China-based property developer Evergrande. The Ethereum network has been facing some criticism due to the $20 or higher …

Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel, which started in August. But every time the support is tested, the risk of an aggressive correction increases. With that in mind, the $340 million options expiry on Oct. 1 will likely be dominated by neutral-to-bearish put options. Bulls placed larger bets for the expiry but it appears that they were too optimistic for Oct. 1, so their $215 million call (buy) options are getting closer …

Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. On Sept. 28, Ether (ETH) might be 30% below its May 12 high of $4,380, but the current $3,050 price is 78% higher than the six-month low of $1,700. To understand whether this is a “glass half full” situation, one must analyze how retail and pro traders are positioned according to derivatives markets. On Sept. 24, Chinese authorities announced new measures to curb crypto adoption, causing the second-largest Ethereum mining pool (Sparkpool) to suspend operations on Sept. 27. According to Sparkpool, the measures …

The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to be exchanged in a decentralized manner, called Uniswap, has exploded into a vast ecosystem full of decentralized exchanges, yield farms, lending protocols and staking platforms. As development continues and older protocols become more established, newer projects have emerged to incorporate more pieces from the traditional …

Ether (ETH) has been in a bearish trend since early September, and this week's Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 days. Curiously, just three weeks ago, Ether was testing the $4,000 psychological barrier, but this changed after mounting crypto regulatory concerns and the fear of China's debt markets triggering a global sell-off intensified. This week United States Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke to the Washington Post about renewed plans to regulate the crypto sector and the growing stablecoin market. Ether's negative price trend reversed on Sept. 22 …

For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel. In August, nonfungible tokens posted record-breaking transactions, clogging the Ethereum network and causing average transaction fees to surpass $40 in early September. Although NFT trading volume has continued to subside, new items continue to be minted every minute regardless of whether they're being traded. On Sept.13, Cathie Wood — CEO of Ark Invest, a $58 billion asset …

Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.” The move follows a rebound toward the prior high and a failed breakout attempt above the said level. As a result, the price pulls …

Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential. It is unclear why $140 million of the neutral-to-bullish call options were placed between $3,800 and $8,000, but these instruments will likely become worthless as the monthly expiry approaches. Competition and the success of interoperability-focused protocols impact Ether price The Ethereum network has struggled due …