Category Archives: Ethereum
Investors who missed out on the Bitcoin surge to $7,834.72 should pay close attention to today’s Ethereum news update. ETH is on the verge of getting its own derivatives market, which is precisely what sent Bitcoin flying to the moon last month.
I know that memories are short in the crypto space, but surely we all remember the dramatic run that Bitcoin experienced in recent weeks.
Remember, Bitcoin had just broken through the $5,000 level when CME Group Inc (NASDAQ:CME) announced that it would add a Bitcoin futures contract. Investors took one.
The post Ethereum Price Forecast – ETH to Get Futures Contract, Like Bitcoin appeared first on Profit Confidential.
After $156.0 million’s worth of Ethereum (ETH) tokens were “accidentally” frozen last week, developers and technologists are racing to find out what happened. Urgency is in the air. Though, oddly enough, investors seem unfazed by what happened…
How else do you explain that ETH rose 4.48% overnight? Or that the Ethereum to USD is still strong at around $318.58?
It’s not like ETH investors are particularly forgiving—they have dragged.
The post Ethereum Price Forecast – ETH Shows Resiliency Despite $156-Million Parity Hack appeared first on Profit Confidential.
ETH prices held steady on Friday morning, which is a miracle considering how quickly prices fell earlier in the week. There was a steep crash on Tuesday and Wednesday, followed a small bump on Thursday, concluded by a pause on Friday.
The Ethereum to USD exchange rate was around $309.14 when this article went to press, while the Ethereum to Bitcoin rate was 1.33% lower at 0.05352000 BTC..
The post Daily Ethereum Price Forecast – ETH Poised for 29% Upside After Hard Fork appeared first on Profit Confidential.
Despite a rollercoaster of Ethereum news, ETH prices increased 5.06% in the last 24 hours. The surge brought Ethereum’s week-long performance back into the green, setting it up for another dramatic push to the upside, and restoring some sanity to the market.
Trading volumes came in at a robust $606.1 million, according to data from CoinMarketCap.
Approximately 12.6% of that activity came from a U.S. exchange called Bitfinex, while 11.5% came from Korea’s largest altcoin exchange—Bithumb.
The remainder of.
The post Ethereum Price Forecast – ETH Up More Than 5% on EEA Strength appeared first on Profit Confidential.
Volatility in the cryptocurrency market is unlike volatility in stocks. No matter how many times I tell that to investors, they still react with shock when prices fall as much as they did today.
Were there a lot of flashing red numbers on trading screens? Absolutely. Does it warrant the amount of panic that we saw? Absolutely not.
Ethereum’s core technology is still up and running. The Byzantium upgrades taking place during the week appear to be sufficient, if not ideal. Plus, we recently learned that a major Russian bank is joining the Ethereum Enterprise.
The post Ethereum Price Forecast: ETH Price Falls Below $300.00 on Industry-Wide Slump appeared first on Profit Confidential.
Have you ever hiked for so long that you needed a break? The current lull in ETH prices appears to be nothing more than that. Investors simply needed a breather before continuing the upward trek toward our $400.00 Ethereum price forecast.
It’s not as if ETH prices were rocked by disastrous Ethereum news. On the forums and in the trade publications, the leading story is still the Byzantium upgrade that took place yesterday.
For anyone unfamiliar with Byzantium, it’s simply a package of improvements to the core Ethereum technology. By implementing these changes,.
The post Ethereum Price Forecast – ETH Takes a Breather, Still on Route to $400 appeared first on Profit Confidential.
Ethereum prices are on a tear today, rising more than 12% on a broad-based rally in cryptocurrencies. The Ethereum to USD exchange rate is currently at around $341.47.
What’s truly remarkable is that the speed of Ethereum’s recovery is stunning. ETH prices were trading at $206.00 only last month. Earlier in the summer, they were at $143.00.
In between those troughs, there was a brief moment when Ethereum skyrocketed and flirted with the $400.00 price level. But then China pulled out the rug by banning ICOs and cryptocurrency trading. ETH never managed to cross that important price level.
However, the pace of this week’s gains put Ethereum on track to reach $400.00 in a.
The post Ethereum Price Forecast: Today’s 12% Gain Shows That $400 Within Grasp appeared first on Profit Confidential.
As ETH prices oscillated between $290.00 and $306.00 last week, investors seemed immune to some of the more subtle Ethereum news that emerged. If they had paid attention, it seems likely that ETH would have accelerated to our short-term Ethereum price forecast of $400.00.
For instance, a senior official from the Federal Reserve Bank of Boston said the Fed is working on an Ethereum proof-of-concept. No one batted an eye at this announcement, which seems peculiar, to say the least.
The official is Jim Cunha, Senior Vice-President of the Boston Fed. He was giving a speech at a fintech conference in Philadelphia on the subject of “Bitcoin, Blockchain and other Cryptocurrencies.”.
The post Daily Ethereum Price Forecast – ETH Headed to $400? appeared first on Profit Confidential.
As the dust settles from China’s crackdown on cryptocurrencies, Ethereum looks poised for a rally that could send it across the $300.00 level. However, the situation remains tenuous.
The Chinese ban confirmed the worst fears of some investors—that central banks and other vested interests will regulate against cryptocurrencies to keep their hold on power.
It’s not an unreasonable fear, but I should add that regulators only banned yuan to crypto exchanges, not the existence of blockchain itself. That may sound like a difference without a distinction, but it could be.
The post Ethereum Price Forecast and Analysis – September 19, 2017 appeared first on Profit Confidential.
ETH prices fell roughly 11.36% in the last 24 hours to near $238.72. At the same time, the Ethereum to Bitcoin exchange rate dropped almost 5.44%.
The biggest piece of Ethereum news today is the potential Chinese crackdown on cryptocurrency exchanges. Well, that and the recent comments from Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM).
Both of these developments dragged down the short-run Ethereum price.
The post Ethereum Price Forecast and Analysis – September 14, 2017 appeared first on Profit Confidential.