#adaeth

ETH Price Analysis: Ethereum Price Could See a Short-term Correction Before the Upswing Resumes

The Ethereum fear and greed index signals high greed readings at level-73 even as GasNow, the popular Ethereum gas price quotation system suspends operation. The event was followed by the China-based mining pool [Sparkpool] earlier announcing the closure in response to regulatory requirements. Etherscan at press time shows that the Ethereum 2.0 deposit contract maintains its lead as top deposit…

Binance (BNB) Price Analysis: On-chain Data Shows Rise In Demand for the BNB Coin, Will BNB Outperform BTC?

Why Is Binance Coin (BNB) Price Surging? Among many reasons recent 1 billion USD fund for project development of DApps on the Binance Smart Chain [BSC] is one major catalyst fueling the BNB price.  The crypto data tracking service, Santiment spotted an increase in demand for BNB on wallets with BNB whales acquiring roughly 412K BNB in recent weeks. The move shows that big money remains bullish on…

Multi-Billion Dollar Investment Management Firm cashes out from Stocks to invest in Defi

Dawn Fitzpatrick, CEO, and CIO of the $27 billion Soros Fund Management announced that the investment management giant has been liquidating the $5 billion it had invested in March 2020 during the Covid-19 triggered market instability. Furthermore, Fitzpatrick noted that the company will be redirecting its investment into Decentralized Finance. Defi Dominance over the “mainstream” Bitcoin Soros…

ETH Price Analysis: Uptrend Eyes $3676.28 Target, Here’s Next Important Price Levels

Ethereum (ETH) price bursts out of a sideways chart structure, consequently raising concerns for IMF towards the mass adoption of cryptocurrencies and how they could negatively affect world economies. Another interesting one for the crypto industry is Visa’s announcement of its blockchain interoperability hub to facilitate crypto payments. Let’s analyze the ETHUSDT price charts to see how the…

FTX Exchange Announces Support For these Solana NFTs

Popular crypto exchange FTX has announced support to some of the leading NFT projects on Solana ($SOL) in a cryptic tweet. The cryptic tweet in question featured silhouetted images of Degen Ape Academy, Aurora, Thugbirdz, and Solana Monkey Business. The tweet later added Galactic Geckos, a newly launched Solana NFT project in a follow-up tweet. Don't worry we haven't forgotten our space cadets…

Cardano, Terra Price Analysis: October 1, 2021

Cardano is stuck in consolidation above $2 despite key development milestones. Terra almost closed the gap to $40, but overhead pressure soared, leading to an ongoing retracement to $36. Cardano stabilized above $2 in the last week, with its frequent recovery attempts ending unsuccessfully. Nonetheless, Cardano’s development activity is on an upward trajectory, with stablecoins likely to come to…

ADA Price Analysis: Bulls Breach intraday resistance level, Downtrend Choppy Action with Low Volatility Expected

The dominant sell pressure triggered by a series of bearish divergence on the higher daily charts of the ADAUSDT makes ADA, the DPoS platform token attractive to intraday short sellers. The relative strength index confirmed the downtrend after going below level-25 [daily TF]. Read on for more insights as we dive into the intraday 4HR chart, identifying, significant chart structures and key…

UNI Token Price Analysis: Sharp Volatile Swings on the 4HR Time Frame, Here’s key Levels to Watch

The UNIUSDT crypto pair started to make sharp up and down swings, following a monthly price close above the June bearish inside bar resistance [29.3803]. This created a massive opportunity for swing traders to track specific trend reversal and continuation chart patterns like the divergence. Let’s dive into it. uni price analysis The bearish trend was confirmed with a hidden bearish divergence…