Ethereum Classic (ETC) price climbed on March 22, ignoring a deadly "death cross" on the weekly chart, as traders raised their bets on its potential to become a haven for miners fleeing the rival Ethereum blockchain. ETC's price jumped over 15.5% to reach $44 a token for the first time since Dec. 9, 2021. The coin's intraday gains came as a part of a broader rebound move that saw its price rallying more than 75% eight days after bottoming out near $25. Most of ETC's course to the upside saw it tracking general crypto market trends. For instance, the Ethereum …

Ethereum's native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido's liquidity pools. The Singapore-based hedge fund manager provided liquidity worth 36,401 ETH to Lido's "Curve stETH pool" using a third-party Ether wallet, data from Etherscan shows. As a result, it became eligible to receive at least 36,401 stacked Ether (stETH) tokens from Lido: To ensure low slippage when un-staking those tokens for real ETH plus staking reward. Almost an hour later, another Ether address, marked with the word "fund," sent 6,993 ETH …

A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as Bitcoin (BTC) continues to hold support near $41,000 while some analysts warn that high inflation and rising interest rates could see the top cryptocurrency fall to $30,000. On the altcoin front, Ether (ETH) appears to be showing some signs of life as noted by cryptocurrency analyst Willy Woo, who recently tweeted that “Ether [is] setting up to break upwards out of a very long term, 3.5-month bearish trend line.” Data from Cointelegraph Markets Pro …

Cryptocurrencies failed to break the 42-day long downtrend after the $1.95 trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally. Crypto markets' aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14-21. Such performance was positively impacted by Ether's (ETH) 14% gains, Cardano (ADA) increasing 13%, and Solana (SOL) gaining 10%. While those assets were not the biggest weekly gains among the top-80 coins, Ether may have fueled investors' expectations after Glassnode's on-chain data showed that ETH balances on crypto exchanges …

The amount of Ethereum's native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders' intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH tokens — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to data provided by Glassnode. The massive outflow has reduced the exchanges' net Ether balance to 21.72 million ETH, down from its record high of 31.68 million ETH in June 2020. Biggest weekly ETH outflow since October 2021 Interestingly, over 30% of all Ether's withdrawals from …

Ethereum's native token Ether (ETH) could reach back to $3,000 in March, backed by a mix of short-term technical, fundamental, and on-chain catalysts. ETH price paints "symmetrical triangle" The first interim bullish outlook for Ether ironically comes from a bearish continuation pattern Notably, ETH's 50%-plus decline from its all-time high of around $4,650 on Dec. 2, 2021, followed up with forming a consolidation channel called a symmetrical triangle. Hence, the Ethereum token has been fluctuating between a falling upper trendline and a rising lower trendline since the beginning of this year. ETH/USD last retested the triangle's lower trendline as support …

Being bullish on Ether (ETH) over the past four months did not pay off as its price dropped 44% from $4,600. The decentralized finance (DeFi) applications growth that fueled the rally faded away, partially due to network congestion and average transaction fees of $30 and higher. The cool-off period can also be attributed to excessive expectations as the fee burn mechanism implemented in August 2021 with the London hard fork. After drastically reducing the daily net issuance, investors jumped to the conclusion that Ether would become "ultrasound money." The Ethereum network burned more ETH over the last 24 hours than …

Another big drop in the U.S. stock market could leave Ethereum's native token Ether (ETH) in a similar downside spell, according to the latest Bloomberg report on digital assets. Ethereum faces global recession risks Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, anticipates U.S. equities to face downside pressure against the prospects of the ongoing energy-price spikes and their ability to invoke a 2008-like global market recession "The war in Ukraine and spiking crude make a potent combination for a global recession," wrote McGlone in the report, adding that top cryptocurrencies like Bitcoin and Ether could also face initial …

Ethereum's native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on Monday as Ether's price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the intraday upside reversal, Wolf anticipated the Ether's decline to continue further. At the core of Wolf's analogy was a "symmetrical triangle," a classic technical analysis pattern that forms when the price fluctuates between two converging trendlines. In a "perfect" scenario, the price breaks out of …

Choppy market conditions dominated the cryptocurrency landscape on March 3 as the global economy continues to face challenges on multiple fronts and uncertainty about the future weighs heavily on asset prices. Data from Cointelegraph Markets Pro and TradingView shows that the gains made by Ether (ETH) on March 2 were nullified in trading on Thursday as the price drifted from yesterday’s high of $3,044 to a daily low of $2,784, reflecting an overall decline of 8.5%. Here’s what several analysts in the crypto market are saying about what could be in store for Ether in the next few weeks. Ether …

Even though Ether (ETH) price bounced over 20% from the $2,300 low on Feb. 22, derivatives data shows that investors are still cautious. To date, Ether's price is down 24% for the year, and key overhead resistances lay ahead. Ethereum's most pressing issue has been high network transaction fees and investors are increasingly worried that this will remain an issue even after the network integrates its long-awaited upgrades. For example, the 7-day network average transaction fee is still above $18, while the network value locked in smart contracts (TVL) decreased 25% to $111 billion between Jan. 1 and Feb. 27. …

Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol's native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to as high as $1.41 two days later, up more than 40% when measured from MIR's record low. Just like the drop, MIR's upside retracement came in the wake of similar recoveries …